ZJJH(SH:600160) Zheng Quan Zhi Xing·2025-07-11 08:10Summary of Key Points Core Viewpoint - The announcement details the provision of guarantees by Zhejiang Juhua Co., Ltd. for its subsidiary, Zhejiang Jinjuhua Chemical Co., Ltd., to support its operational financing needs, with a total guarantee amount of 53.16 million yuan [1][8]. Group 1: Guarantee Details - The total guarantee amount provided for Jinjuhua Chemical Co., Ltd. is 53.16 million yuan, with a cumulative guarantee balance of 628.86 million yuan [1][8]. - The guarantees are structured as joint liability guarantees with various banks, including China Industrial Bank and Bank of China, with terms typically set at six months [6][7]. - The company has not incurred any overdue guarantees, and the total external guarantee amount represents 3.42% of the company's latest audited net assets [8]. Group 2: Financial and Operational Context - Jinjuhua Chemical Co., Ltd. has a registered capital of 732.5 million yuan, with the company holding a 64.85% stake, making it a controlled subsidiary [2][5]. - The financial health of Jinjuhua Chemical Co., Ltd. is indicated by its total assets of approximately 1.8 billion yuan and a net profit of 1.15 million yuan, despite a slight loss in the previous year [5][6]. - The guarantees are deemed necessary for the subsidiary's normal operations and are expected to support its business development without harming the interests of the parent company or its shareholders [7].