HBFX(SZ:000926) Jin Rong Jie·2025-06-04 04:39Core Viewpoint - The company has signed a guarantee contract with China Construction Bank for its subsidiary, Hubei Fuxing New Materials Technology Co., Ltd, to secure a credit line of 370 million yuan [1][2]. Group 1: Company Overview - Fuxing New Materials was established on August 30, 2013, with a registered capital of 66 million yuan, and is a wholly-owned subsidiary of Fuxing Co., Ltd [1]. - The subsidiary's total assets as of December 31, 2024, are approximately 2.15 billion yuan, with total liabilities of about 1.67 billion yuan, resulting in a debt-to-asset ratio of 77.80% [1]. - As of March 31, 2025, the subsidiary's total assets are approximately 2.12 billion yuan, with total liabilities of about 1.64 billion yuan, leading to a debt-to-asset ratio of 77.19% [1]. Group 2: Guarantee Details - The guarantee falls within the authorized scope approved at the 2024 annual general meeting and has been approved by the chairman, thus not requiring further board or shareholder approval [2]. - The guarantee covers various costs, including principal and interest under the main contract, and is effective from the signing of the credit agreement until three years after the debt fulfillment date [2]. - Following this guarantee, the cumulative external guarantee amount for the company and its subsidiaries is approximately 789.69 million yuan, with an actual guarantee amount of about 696.33 million yuan, representing 83.72% and 73.82% of the company's latest audited net assets, respectively [2].