Silan(SH:600460) Shang Hai Zheng Quan Bao·2025-06-02 21:34Core Viewpoint - The company has announced an adjustment in the guarantee amount provided for its subsidiary, Xiamen Silan Ming Gallium Semiconductor Co., Ltd., increasing the guarantee ratio and amount for a long-term loan from the National Development Bank [3][5][9]. Summary by Sections Guarantee Overview - The company signed a guarantee contract amendment on May 29, 2025, adjusting the guarantee ratio for a 950 million yuan long-term loan from 30% to 56.5638%, increasing the guarantee amount from a maximum of 285 million yuan to a maximum of 537.4 million yuan [3][5]. - As of the announcement date, the actual guarantee amount provided by the company for Silan Ming Gallium is 578 million yuan, which is within the approved limit by the shareholders' meeting [3][8]. Financial Condition of the Guaranteed Entity - Silan Ming Gallium's latest audited debt-to-asset ratio is 70.86%, indicating a significant level of leverage [4]. - The company is involved in the manufacturing of LED chips and 6-inch SiC chips, with expectations of increased shipment volumes in 2025 due to technological improvements and efficiency enhancements [9]. Internal Decision-Making Process - The adjustment of the guarantee amount was approved in the board meeting on April 23, 2025, and the first extraordinary shareholders' meeting on May 9, 2025 [7][10]. - The company has no overdue external guarantees, and the guarantee is not related to any connected parties [6][7]. Total External Guarantees - As of the announcement date, the total external guarantees approved by the company and its subsidiaries amount to 5.1658 billion yuan, which is 42.29% of the company's latest audited net assets [11]. - The guarantees provided to subsidiaries total 4.2374 billion yuan, representing 34.69% of the company's latest audited net assets [11].