DYEC(SH:600403) Zheng Quan Zhi Xing·2025-07-10 16:04Core Viewpoint - The company is proposing a guarantee for a financing lease agreement involving its subsidiary, Luoyang Yian Mining Co., Ltd, to support its operational needs and long-term development [2][4]. Group 1: Company Overview - Henan Dayou Energy Co., Ltd. is holding a shareholder meeting on July 18, 2025, to discuss various agenda items, including a proposal for a guarantee related to financing leasing [1]. - Luoyang Yian Mining Co., Ltd., a subsidiary of the company, was established on February 21, 2006, with a registered capital of 332.5985 million yuan [2][3]. Group 2: Financial Data - For the fiscal year 2024, Luoyang Yian Mining reported an audited revenue of 501.938 million yuan and a net profit of 2.8482 million yuan [2]. - For the first quarter of 2025, the unaudited revenue was 114.3382 million yuan, with a net profit of 11.5244 million yuan [2]. - As of March 31, 2025, the total assets of Luoyang Yian Mining were 752.0218 million yuan, and the net assets were -156.0971 million yuan [3]. Group 3: Financing Lease and Guarantee Details - The financing lease agreement involves a total amount of 100 million yuan with a term of 36 months and an interest rate of 4.5%, with specific repayment schedules outlined [3][4]. - The company will provide an irrevocable joint liability guarantee for the financing lease, covering all obligations of Luoyang Yian Mining to the lessor, Xi'an Huasheng Leasing [3][4]. - The guarantee period will last until two years after the lease contract's expiration, with Wanji Holdings providing counter-guarantees based on its shareholding in Luoyang Yian Mining [3][4]. Group 4: Necessity and Feasibility of the Guarantee - The guarantee is deemed necessary to support the operational and developmental needs of Luoyang Yian Mining, aligning with the company's overall interests and strategic goals [4]. - The company maintains effective control over Luoyang Yian Mining's operations, finances, and investments, ensuring manageable risk associated with the guarantee [4]. - The decision-making process for the guarantee complies with relevant laws and regulations, ensuring no harm to the interests of the company or its shareholders [4]. Group 5: Current Guarantee Status - As of now, the company has a total external guarantee balance of 420 million yuan, which accounts for 7.42% of the latest audited net assets, all of which are guarantees for subsidiaries without any overdue guarantees [4].