DYEC(SH:600403) Zheng Quan Zhi Xing·2025-07-02 16:14Core Viewpoint - The company announced a commission loan of 310 million yuan to its subsidiary, Luoyang Yian Mining Co., Ltd., with a one-year term and an interest rate of 6% [1][2]. Group 1: Commission Loan Overview - The commission loan amount is 310 million yuan, with a term of one year and an interest rate of 6% [1]. - The loan is guaranteed by the company's controlling shareholder, Yimai Coal Industry Group Co., Ltd., and Yian Mining's shareholder, Wanjiholding Group Co., Ltd., at a ratio of 50.5% and 49.5% respectively [1][2]. - The loan aims to meet the daily operational funding needs of Yian Mining, ensuring its normal production and operation [5]. Group 2: Approval Procedures - The loan proposal does not require approval from the company's shareholders' meeting according to the Shanghai Stock Exchange listing rules and the company's articles of association [2]. Group 3: Yian Mining Basic Information - Yian Mining was established on February 21, 2006, with a registered capital of 332.5985 million yuan [2]. - The company is primarily engaged in coal mining and related services, with a recent audited revenue of 501.938 million yuan for 2024 and a net profit of 2.8482 million yuan [2][4]. Group 4: Guaranteeing Entities - Yimai Coal Industry Group Co., Ltd. has a registered capital of 4.21758 billion yuan and reported a net loss of 1.5934738 billion yuan for 2024 [4][5]. - Wanjiholding Group Co., Ltd. has a registered capital of 619.4 million yuan, with a revenue of 2.003765 billion yuan for 2024 and a net profit of 191.66 million yuan [4][5]. Group 5: Impact on the Company - The commission loan will not affect the company's normal operations as it is funded by the company's own resources, and the overall risk is controllable [5]. - The company will monitor Yian Mining's operational and financial conditions closely to manage any potential risks associated with the loan [5]. Group 6: Loan History - As of the announcement date, the company has provided a total of 320 million yuan in commission loans to Yian Mining, with no overdue amounts reported [5].