AECC AP(SH:600893) Zheng Quan Zhi Xing·2025-06-27 16:17Core Viewpoint - The announcement details the provision of a guarantee by China Aviation Engine Corporation for its wholly-owned subsidiary, Guizhou Aviation Engine Maintenance Co., Ltd., to support its operational funding needs through a loan of 30 million yuan [1][5]. Summary by Sections Guarantee Overview - The guaranteed amount for the month is 30 million yuan, with a total guarantee balance of 71 million yuan provided to the subsidiary [1]. - The guarantee is within the previously approved limit of 121 million yuan for the year 2025 [2]. - There is a counter-guarantee associated with this month's guarantee [1]. Cumulative Guarantee Situation - As of the announcement date, there are no overdue guarantees, and the total guarantees provided by the company and its subsidiaries amount to 51 million yuan, which represents 0.13% of the company's latest audited net assets [6]. - The company has not provided guarantees to its controlling subsidiaries or related parties [6]. Basic Information of the Guaranteed Party - Guizhou Aviation Engine Maintenance Co., Ltd. is a wholly-owned subsidiary of China Aviation Engine Corporation, with 100% ownership held by Liyang Power [4]. - The company was established on December 10, 1990, and is located in Zunyi, Guizhou Province, with a registered capital of approximately 2,015.59 million yuan [4]. - The financial performance for the first quarter of 2025 shows total assets of approximately 289.99 million yuan and a net profit of -6.38 million yuan [4]. Guarantee Agreement Details - The guarantee is structured as a joint liability guarantee, with a maximum guarantee amount of 121 million yuan and a guarantee period of three years from the maturity of the debt [4]. - The guarantee covers all costs associated with the principal, interest, penalties, and other related expenses [4]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational funding needs of Guizhou Aviation Engine Maintenance Co., Ltd., ensuring the continuity of its production and operations [5].