AnHui Jinchun Nonwoven (SZ:300877) Zheng Quan Zhi Xing·2025-06-20 11:11Summary of Key Points Core Viewpoint - Anhui Jinchun Nonwoven Fabric Co., Ltd. plans to provide a entrusted loan of RMB 50 million to Chuzhou Langya District State Control Development Group Co., Ltd. to enhance the efficiency of its own capital utilization while ensuring liquidity and fund safety [1][2]. Group 1: Loan Details - The entrusted loan will have a term of no more than 1 year with an annual interest rate of 4.9%, with monthly interest payments and principal repayment at maturity [1]. - The loan will be funded entirely from the company's own funds and will not involve raised funds [1][2]. Group 2: Approval Process - The loan has been approved by the company's fourth board of directors and supervisory board meetings, and does not require shareholder approval [1][2]. Group 3: Borrower Information - Chuzhou Langya District State Control Development Group Co., Ltd. has total assets of RMB 694.51 million and liabilities of RMB 403.92 million as of March 31, 2025, with a net profit of RMB 776.10 million [2][4]. - The company is a wholly state-owned enterprise under the supervision of the Chuzhou Langya District Finance Bureau [2][3]. Group 4: Guarantor Information - Chuzhou Langya State-owned Assets Operation Co., Ltd. will provide joint liability guarantee for the entrusted loan [3][4]. - The guarantor has total assets of RMB 1.23 billion and net assets of RMB 460.51 million as of March 31, 2025 [4]. Group 5: Impact on the Company - The entrusted loan is expected to have no adverse impact on the company's future financial status and operating results, and is beneficial for improving the efficiency of capital utilization [1][5]. - The company has previously provided entrusted loans totaling RMB 4.7 million, which have been repaid [6]. Group 6: Risk Management - The borrower has the capacity to fulfill obligations, and the guarantor's strong asset position mitigates risks associated with the loan [5]. - The company will monitor the borrower's operational status and take necessary measures to control risks [5].