CRM(SZ:000927) Zheng Quan Zhi Xing·2025-06-23 08:16Summary of Key Points Core Viewpoint - The announcement details a guarantee provided by a subsidiary of China Railway Material Co., Ltd. for a bank credit application, aimed at supporting the operational and business development needs of the subsidiary [1]. Group 1: Guarantee Overview - The guarantee involves a credit limit of up to RMB 20 million (approximately USD 2.8 million) for Ma'anshan Tiepeng Cement Co., Ltd. from CITIC Bank, with a one-year term [1]. - The guarantee is provided by China Railway Material Anhui Tiepeng Cement Co., Ltd. based on its shareholding proportion in Ma'anshan Tiepeng [1]. - The total expected guarantee limit for the year 2025 is RMB 130 million (approximately USD 18.2 million), which includes this specific guarantee [1][2]. Group 2: Financial Indicators - The total assets of the subsidiary are reported at RMB 55,855.92 million (approximately USD 7.8 billion), with total liabilities at RMB 26,134.61 million (approximately USD 3.7 billion) [3]. - The net assets stand at RMB 29,721.31 million (approximately USD 4.2 billion), with a recent operating income of RMB 5,454.24 million (approximately USD 770 million) [3]. Group 3: Board Opinion - The board believes that the guarantee will leverage the overall resource advantages of the company, facilitating funding and promoting business development, aligning with the operational needs of the consolidated reporting scope [5]. - The current operational status of Ma'anshan Tiepeng is reported as good, with controllable financial risks and the ability to meet debt obligations [5]. Group 4: Guarantee Status - As of the announcement date, the company has a total guarantee balance of zero for external guarantees, with no overdue guarantees or litigation issues reported [6].