360 Security Technology (SH:601360) Zheng Quan Zhi Xing·2025-06-27 16:16Summary of Key Points Core Viewpoint - The announcement details a guarantee provided by a wholly-owned subsidiary of the company, aimed at supporting the operational financing needs of another wholly-owned subsidiary, with a total guarantee amount of RMB 200 million [1][4]. Group 1: Guarantee Overview - The guaranteed party is 360 Technology Group Co., Ltd., a wholly-owned subsidiary of the company and not a related party [1]. - The guarantee amount is RMB 200 million, which is provided by Tianjin 360 Anfu Technology Co., Ltd. for a bank loan application by 360 Technology [1][3]. - As of the announcement date, the total guarantee balance provided to 360 Technology, including this guarantee, is RMB 200 million, with no counter-guarantee involved [1][3]. Group 2: Decision-Making Process - The company held board meetings on April 24, 2025, and May 2025, to approve a total bank credit limit of up to RMB 21 billion for the year 2025, including a maximum of RMB 5 billion for guarantees among wholly-owned subsidiaries [2]. - The current guarantee of RMB 200 million falls within the previously approved limits and does not require additional approval [2]. Group 3: Financial Data of the Guaranteed Party - As of March 31, 2025, 360 Technology reported total assets of RMB 28.78 billion and total liabilities of RMB 13.65 billion, resulting in net assets of RMB 15.13 billion [3]. - For the first quarter of 2025, the company reported revenue of RMB 495.57 million and a net profit of RMB 113.39 million [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of 360 Technology, with the company maintaining control over its subsidiaries, thus ensuring manageable risk [4]. - The guarantee is within the approved limits set by the board and does not harm the interests of the company or minority shareholders [4].