华明装备: 关于为下属全资公司提供担保的进展公告

Summary of Key Points Core Viewpoint - The company, Huaming Power Equipment Co., Ltd., has signed a maximum guarantee contract with Ningbo Bank to provide a joint liability guarantee for its wholly-owned subsidiary, Shanghai Huaming Electric Equipment Manufacturing Co., Ltd., for a credit limit not exceeding 80 million yuan from June 18, 2025, to May 15, 2026 [1][5]. Group 1: Guarantee Overview - The company will provide a joint liability guarantee for Shanghai Huaming's credit business with Ningbo Bank, with a maximum debt limit of 80 million yuan, including interest, penalties, and fees [1]. - Prior to this guarantee, the total guarantee balance for Shanghai Huaming was 793 million yuan, which will increase to 873 million yuan after this guarantee [2]. - The company has authorized a total guarantee limit of up to 1.3 billion yuan for subsidiaries with a debt-to-asset ratio below 70%, valid until the next annual shareholders' meeting [2]. Group 2: Subsidiary Information - Shanghai Huaming Electric Equipment Manufacturing Co., Ltd. was established on April 3, 1995, with a registered capital of 39.11225 million yuan [3]. - The main business activities include manufacturing power facility equipment, mechanical and electrical equipment, and import-export activities [3]. Group 3: Financial Data - As of the latest audited financial data, Shanghai Huaming's total assets were approximately 2.79 billion yuan, with total liabilities of about 1.50 billion yuan, resulting in a debt-to-asset ratio of 53.60% [3]. - The company reported a revenue of approximately 1.81 billion yuan and a net profit of about 577 million yuan for the most recent fiscal year [4]. Group 4: Guarantee Agreement Details - The guarantee period is set for two years from the maturity date of the main contract's debt, with specific terms for various types of financial instruments [4]. - The maximum principal limit for the guarantee is set at 80 million yuan, covering interest, penalties, and other related costs [5]. Group 5: External Guarantee Status - After this guarantee, the total external guarantee amount will account for 14.43% of the company's audited net assets for 2024, with no overdue guarantees or litigation issues reported [5].