Summary of Key Points Core Viewpoint - The company has announced the provision of guarantees for its subsidiaries to support their operational needs, with specific amounts allocated to each subsidiary and a total guarantee limit set for the year 2025 [1][2]. Group 1: Guarantee Details - The company provided guarantees to three subsidiaries: Shandong Juheshun Luhua New Materials Co., Ltd. (RMB 165 million), Hangzhou Juheshun Special Materials Technology Co., Ltd. (RMB 22 million), and Changde Juheshun New Materials Co., Ltd. (RMB 33 million) [2][3]. - As of June 30, 2025, the actual guarantees provided were RMB 1,039.35 million for Juheshun Luhua, RMB 522 million for Special Materials, and RMB 258 million for Changde Juheshun [2][3]. - The total guarantee amount approved for the year 2025 is capped at RMB 2.6 billion, with specific limits for each subsidiary [2][3]. Group 2: Financial Health of Subsidiaries - Juheshun Luhua reported total assets of RMB 193.81 million, total liabilities of RMB 136.69 million, and net assets of RMB 57.11 million as of December 31, 2024 [5]. - Special Materials had total assets of RMB 164.32 million, total liabilities of RMB 153.21 million, and net assets of RMB 11.11 million as of December 31, 2024 [6]. - Changde Juheshun reported total assets of RMB 57.58 million, total liabilities of RMB 35.58 million, and net assets of RMB 22.00 million as of December 31, 2024 [7]. Group 3: Guarantee Contracts - The guarantees are structured as joint liability guarantees with no counter-guarantees in place [8]. - The guarantee period is set for three years from the date of the contract, covering all related debts and costs [8]. - The guarantees are deemed necessary and reasonable to support the subsidiaries' operational needs, despite some subsidiaries having asset-liability ratios exceeding 70% [9].
聚合顺: 聚合顺新材料股份有限公司关于为子公司提供担保的进展情况公告