粤海饲料: 关于为子公司采购原材料发生的应付账款提供担保的公告

Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. plans to provide guarantees totaling up to 183 million RMB for its subsidiaries' accounts payable related to raw material purchases, aiming to enhance operational efficiency and supplier relationships [1][2]. Group 1: Guarantee Details - The total guarantee amount is set at a maximum of 183 million RMB, effective from the date of approval by the shareholders' meeting [2]. - The guarantee will cover accounts payable arising from raw material purchases by subsidiaries, with actual amounts based on each subsidiary's procurement needs [2]. - The subsidiaries involved are not classified as dishonest executors, indicating a controlled risk environment [1][2]. Group 2: Financial Overview - As of June 30, 2025, the total guarantee balance for the company and its subsidiaries is 1,024.69 million RMB, representing 39.77% of the company's latest audited net assets attributable to shareholders [3]. - The guarantee balance for the consolidated subsidiaries is 932.30 million RMB, accounting for 36.18% of the company's latest audited net assets [3]. - There are no overdue guarantees or litigation-related guarantees as of the announcement date [3]. Group 3: Subsidiary Financial Performance - Several subsidiaries show varying financial health, with some reporting negative net assets and losses in recent periods. For instance, Yichang Sunshine Feed Co., Ltd. reported a net asset of -16.02 million RMB as of March 31, 2025 [6][8]. - The financial performance of subsidiaries indicates challenges, with many reporting losses in both revenue and net profit for the first quarter of 2025 compared to the previous year [6][8][9].