HCNC(SZ:300161) Zheng Quan Zhi Xing·2025-07-02 16:15Summary of Key Points Core Viewpoint - Wuhan Huazhong CNC Co., Ltd. plans to provide a guarantee for its subsidiary Xi'an Huashu's bank credit application of 10 million yuan to support its business development [1]. Guarantee Overview - The company will guarantee a bank credit application of 10 million yuan for its subsidiary Xi'an Huashu, with a credit term of one year [1]. - The proposal requires approval from the shareholders' meeting as per relevant regulations [1]. Subsidiary Information - Xi'an Huashu was established on July 7, 2022, with a registered capital of 30 million yuan [1]. - The company operates in various sectors, including intelligent control system integration, CNC machine tool sales, and industrial robot sales [1]. Financial Situation of Xi'an Huashu - As of March 31, 2025, Xi'an Huashu reported total assets of 32.84 million yuan and total liabilities of 10.11 million yuan, resulting in net assets of 22.74 million yuan [4]. - For the first quarter of 2025, the company recorded an operating income of 1.38 million yuan, with a net loss of 1.72 million yuan [4]. Board of Directors' Opinion - The board believes that the guarantee is beneficial for the company's operational development and that the risks are manageable [5]. - The company holds an 85% stake in Xi'an Huashu, allowing it to effectively supervise and manage the subsidiary [5]. Total Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 124 million yuan, which is 7.76% of the latest audited net assets [5]. - After the guarantee for Xi'an Huashu, the total guarantees will rise to 105.76 million yuan, representing 66.17% of the latest audited net assets [5].