BGE(SH:603588) Zheng Quan Zhi Xing·2025-06-11 12:22Summary of Key Points Core Viewpoint - The company, Beijing GaoNeng Times Environmental Technology Co., Ltd., has announced a guarantee for its associate company, Liangshan JinYu Environmental Governance Co., Ltd., with a maximum guarantee amount of RMB 1.5 million, while the actual guarantee balance provided is RMB 44.3363 million [1][2]. Group 1: Guarantee Details - The guarantee is for a loan application of RMB 10 million by JinYu Environmental from the Bank of China Liangshan Branch, with a loan term of 36 months [1]. - The company holds a 15% equity stake in JinYu Environmental, which is a non-listed associate company [1][3]. - The total amount of external guarantees provided by the company and its subsidiaries is 141.16% of the latest audited net assets attributable to shareholders [1][5]. Group 2: Financial Overview of JinYu Environmental - As of March 31, 2025, JinYu Environmental has total assets of RMB 49,980.28 million and total liabilities of RMB 32,652.91 million, resulting in net assets of RMB 17,327.37 million [3][4]. - The company reported operating income of RMB 2,747.41 million and a net profit of RMB 84.23 million for the latest period [4]. Group 3: Board and Shareholder Approval - The board of directors approved the guarantee with a unanimous vote of 9 in favor, with no opposition or abstentions [2][5]. - The guarantee agreement is subject to approval at the company's upcoming shareholder meeting [2][5]. Group 4: Risk and Financial Health - JinYu Environmental's debt-to-asset ratio is 67.78%, indicating a significant level of leverage [5]. - The company is expected to generate sufficient operating profits and cash flow to meet its debt obligations [5].