Summary of Key Points Core Viewpoint - The company, Wuhu Sanlian Forging Co., Ltd., has approved a financing plan to secure a credit limit of up to RMB 920 million for its operations and has agreed to provide guarantees for its wholly-owned subsidiary, Wuhu Wanlian New Energy Vehicle Parts Co., Ltd., amounting to RMB 100 million [1][2]. Group 1: Financing and Guarantee Arrangements - The company plans to apply for a financing limit of up to RMB 920 million, which includes various forms of financing such as bank loans and leasing [1]. - The company has approved an additional guarantee limit of up to RMB 100 million for its subsidiaries, allowing for a total maximum guarantee balance [2]. - The company signed a maximum guarantee contract with Shanghai Pudong Development Bank Wuhu Branch, providing a guarantee of RMB 100 million for Wuhu Wanlian's financing activities [2][3]. Group 2: Financial Performance - For the fiscal year 2024, the company reported a total revenue of RMB 51,818.61 million and a net profit of RMB 2,179.86 million [3]. - As of May 31, 2025, the company's total assets amounted to RMB 58,029.73 million, with total liabilities of RMB 39,466.35 million, resulting in a net asset value of RMB 18,563.38 million [4]. Group 3: Guarantee Agreement Details - The guarantee agreement covers various financial obligations, including interest, penalties, and other costs associated with the financing contracts [4]. - The guarantee period extends for three years after the debt fulfillment period for each financing contract [4]. Group 4: Compliance and Risk Management - The total approved guarantee amount for the company and its subsidiaries is RMB 130 million, which is within the limits of the company's net assets [5]. - There are no reported cases of overdue guarantees or guarantees involving litigation against the company [5].
三联锻造: 关于为全资子公司提供担保的进展公告