Liaoning HeZhan Energy Group(SZ:000809) Zheng Quan Zhi Xing·2025-06-30 16:24Overview - The company, Liaoning Hezhan Energy Group Co., Ltd., provides a guarantee for its wholly-owned subsidiary, Liaoning Changhe Wind Power Equipment Co., Ltd., to secure a loan from Shanghai Pudong Development Bank, with a maximum principal amount of RMB 50 million [1][2]. Guarantee Details - The guarantee is for a loan amount of RMB 9.0304 million, with a loan term from June 25, 2025, to June 24, 2026 [2]. - The total guarantee amount provided by the company for its subsidiaries in 2025 is capped at RMB 50 million, and this specific guarantee falls within that limit [2][4]. - After this guarantee, the company's total guarantee balance for Changhe Wind Power is RMB 9.0304 million, leaving a usable guarantee amount of RMB 40.9696 million [2]. Financial Situation of the Subsidiary - As of the end of March 2025, Changhe Wind Power's total assets were RMB 44.50832 million, with total liabilities of RMB 39.19745 million, resulting in a net asset value of RMB 5.31087 million [3]. - The asset-liability ratio for Changhe Wind Power was reported at 88.07% [3]. - The subsidiary's revenue for the first quarter of 2025 was RMB 0.8008 million, with a net loss of RMB 0.9724 million [3]. Contractual Obligations - The guarantee is a joint liability guarantee, meaning that if the subsidiary fails to meet its obligations, the company is liable for the debt without requiring other guarantees to be fulfilled first [4][5]. - The guarantee period extends three years beyond the maturity of each loan [5]. Board's Opinion - The board believes that providing this guarantee is essential for the operational needs of Changhe Wind Power and will not adversely affect the company's normal operations or the interests of shareholders, particularly minority shareholders [6]. Cumulative Guarantee Information - As of the announcement date, the total guarantee amount by the company and its subsidiaries is RMB 9.0304 million, which is 0.33% of the company's latest audited net assets [6]. - There are no overdue guarantees or guarantees involved in litigation as of the current date [6].