USC(SH:688403) Zheng Quan Zhi Xing·2025-07-04 16:12Summary of Key Points Core Viewpoint - The company has provided a guarantee of RMB 50 million for its wholly-owned subsidiary, Jiangsu Huicheng Optoelectronics Co., Ltd., to facilitate its bank financing needs, which aligns with the company's operational strategy and financial health [1][4]. Group 1: Guarantee Details - The total guarantee amount provided by the company for Jiangsu Huicheng is RMB 50 million, which has been fully utilized as of the announcement date [1]. - The guarantee is aimed at supporting Jiangsu Huicheng in obtaining loans, trade financing, and other credit facilities from the Bank of China [1][4]. - The board of directors has approved this guarantee, and there is no counter-guarantee involved [1][4]. Group 2: Financial Overview - As of March 31, 2025, the company's total assets were RMB 141.82 billion, with total liabilities of RMB 75.13 billion, resulting in net assets of RMB 66.70 billion [3]. - The company's operating revenue for the first quarter of 2025 was RMB 11.56 billion, with a net profit of RMB 661.17 million [3]. - The cumulative external guarantee amount, including this guarantee, stands at RMB 50 million, which represents a small percentage of the company's audited net assets and total assets [5]. Group 3: Subsidiary Information - Jiangsu Huicheng is engaged in the development, production, packaging, testing, and sales of microelectronic products, as well as import and export activities [2]. - The subsidiary's financial and credit status is reported to be sound, indicating manageable risk associated with the guarantee [4].