Jinhe Biotechnology(SZ:002688) Zheng Quan Zhi Xing·2025-07-07 16:23Summary of Key Points Core Viewpoint - The company, Jinhe Biological Technology Co., Ltd., plans to provide a guarantee of up to 100 million yuan for its wholly-owned subsidiary, Inner Mongolia Jinhe Environmental Technology Co., Ltd., to support its financing needs, which exceeds 50% of the company's latest audited net assets [1][2]. Group 1: Guarantee Overview - The board of directors approved the guarantee proposal with a unanimous vote of 9 in favor [1]. - The maximum guarantee amount is set at 10 million yuan, which represents 4.45% of the company's audited net assets for 2024 [1][4]. - The guarantee will be a joint liability guarantee, with the actual amount and duration to be determined in the final guarantee contract [1]. Group 2: Approval Process - The guarantee must be submitted to the shareholders' meeting for special resolution approval and does not involve related transactions or require approval from relevant authorities [2]. - The effective period of the guarantee is 12 months from the date of the shareholders' meeting resolution [2]. Group 3: Financial Situation of the Guaranteed Party - Inner Mongolia Jinhe Environmental Technology Co., Ltd. is a wholly-owned subsidiary with a registered capital of 50 million yuan and an asset-liability ratio of 32.77% [3]. - The subsidiary's recent financial data shows a revenue of approximately 170.12 million yuan for 2024 and a net profit of about 33.14 million yuan [3]. Group 4: Board's Opinion - The board believes that providing this guarantee will meet the subsidiary's operational funding needs and support its healthy and sustainable development [3]. - The company has the ability to control operational and financial risks during the guarantee period, and this action aligns with the company's long-term interests [3]. Group 5: Cumulative Guarantee Situation - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is approximately 513.73 million yuan, which is 22.87% of the company's audited net assets for 2024 [4]. - The new guarantee of 10 million yuan will increase this percentage to 4.45% [4].