GRAND HOLDING(SZ:000626) Sou Hu Cai Jing·2025-06-07 01:32Summary of Key Points Core Viewpoint - Far East Holdings (000626) has shown a price increase of 3.29% this week, closing at 6.59 yuan, with a total market capitalization of 3.354 billion yuan as of June 6, 2025 [1] Group 1: Company Performance - The highest price recorded for Far East Holdings during the week was 6.8 yuan, while the lowest was 6.32 yuan [1] - The company ranks 32nd out of 45 in the logistics sector by market capitalization and 3967th out of 5148 in the overall A-share market [1] Group 2: Guarantee Announcement - Far East Holdings provided a guarantee of up to 50 million yuan for its subsidiary, Far East Petrochemical, to secure credit from Bohai Bank Ningbo Branch [2] - The guarantee is within the approved limit for the fiscal year 2025 and does not require further approval [2] Group 3: Subsidiary Financials - Far East Petrochemical, established on June 16, 2022, reported a sales revenue of 3,064.659 million yuan and a net profit of 81.38 million yuan for the fiscal year 2024 [2] - For the first quarter of 2025, the subsidiary achieved a sales revenue of 694.4 million yuan and a net profit of 3.443 million yuan [2] - As of March 31, 2025, Far East Petrochemical had total assets of 1.45514 billion yuan and total liabilities of 1.22321 billion yuan [2] Group 4: Guarantee Details - The guarantee includes joint liability and covers all principal debts, interest, fees, and other costs, with a duration of three years from the maturity of the main contract [2] - The total amount of external guarantees by the company and its subsidiaries is 1,086.887 million yuan, which represents 462.57% of the audited net assets for 2024 [3] - There are no overdue guarantees or guarantees involved in litigation against the company [3]