GSP GROUP(SH:605088) Zheng Quan Zhi Xing·2025-06-19 10:25Summary of Key Points Core Viewpoint - The company plans to increase the estimated guarantee amount for its wholly-owned subsidiaries GSP North America and GSP Automotive Malaysia to a maximum of 250 million yuan for the year 2025, pending approval from the shareholders' meeting [1][4]. Group 1: Guarantee Details - The new guarantee amount is set at 25,000 million yuan, with GSP North America receiving 5,000 million yuan and GSP Malaysia receiving 20,000 million yuan [2][3]. - The guarantee does not involve any counter-guarantee and there are no overdue guarantees reported [1][4]. Group 2: Financial Status of GSP North America - As of December 31, 2024, GSP North America had total assets of 502.29 million yuan, total liabilities of 549.84 million yuan, and a net asset value of -47.55 million yuan [2][3]. - For the first quarter of 2025, GSP North America reported total assets of 501.99 million yuan, total liabilities of 540.50 million yuan, and a net asset value of -38.52 million yuan, with revenue of 146.57 million yuan and a net profit of 7.11 million yuan [3]. Group 3: Financial Status of GSP Malaysia - As of December 31, 2024, GSP Malaysia had total assets of 95.70 million yuan, total liabilities of 103.27 million yuan, and a net asset value of -7.56 million yuan [3]. - For the first quarter of 2025, GSP Malaysia reported total assets of 124.91 million yuan, total liabilities of 129.58 million yuan, and a net asset value of -4.67 million yuan, with revenue of 24.57 million yuan and a net profit of 3.41 million yuan [3]. Group 4: Board of Directors' Opinion - The board believes that the guarantee is beneficial for the stable and sustainable development of the company and aligns with its overall development strategy, asserting that the risks are manageable and will not harm the company's interests [4].