天富能源：新增4.5亿元关联担保，累计对外担保达净资产的93%

Core Viewpoint - Tianfu Energy has signed multiple guarantee contracts with banks to provide joint liability guarantees for its indirect controlling shareholder, Tianfu Group, totaling 450 million yuan [1][2] Group 1: Company Financials - Tianfu Energy's revenue for 2024 is projected to be 9.271 billion yuan, a decrease of 2.49% year-on-year, with a net profit attributable to shareholders of 248 million yuan [1] - As of the end of Q1 2025, Tianfu Group reported total assets of 87.4 billion yuan and net assets of 23.2 billion yuan [2] - Tianfu Group achieved a revenue of 40.2 billion yuan and a net profit of 6.48 million yuan in 2024, with Q1 2025 revenue reaching 7.1 billion yuan and net profit of 81.98 million yuan [2] Group 2: Debt and Guarantees - Tianfu Energy's total interest-bearing liabilities exceed 13 billion yuan, while cash on hand is only 2 billion yuan, indicating significant debt pressure [1] - The cumulative external guarantee amount provided by Tianfu Energy is 6.962 billion yuan, which accounts for 93.43% of the net assets as of December 31, 2024 [2] - The guarantees provided to Tianfu Group and its affiliates amount to 5.92 billion yuan, including the recent guarantees [2] Group 3: Risk Management - Tianfu Energy has stated that all guarantees are used for bank loans and financing leases, with no overdue loans reported, suggesting a relatively low risk [2] - The company has implemented counter-guarantee measures and has followed appropriate review procedures and information disclosure for all guarantee matters [2]