Smarter Energy(SH:600869) Zheng Quan Zhi Xing·2025-07-11 10:11Summary of Key Points Core Viewpoint The company, Far East Smart Energy Co., Ltd., has provided guarantees for its subsidiaries, Far East Cable Co., Ltd. and Far East Copper Foil (Yibin) Co., Ltd., to support their operational financing needs, ensuring their stable development without adversely affecting the company's interests [1][4]. Group 1: Guarantee Overview - The company has provided a guarantee of RMB 120 million (12,000.00 million) for Far East Cable and RMB 10 million (1,000.00 million) for Far East Copper Foil (Yibin) [2][3]. - The total amount of guarantees provided by the company is RMB 1,070,944.60 million, with an actual guarantee balance of RMB 742,996.20 million, representing 250.48% of the company's audited net assets for 2024 [4]. Group 2: Financial Health of Guaranteed Entities - As of March 31, 2025, Far East Cable reported total assets of RMB 905,190.22 million and a net profit of RMB 7,139.51 million for the first quarter [3]. - Far East Copper Foil (Yibin) had total assets of RMB 126,374.27 million and reported a net loss of RMB 1,827.58 million for the first quarter of 2025 [3]. Group 3: Decision-Making Process - The guarantees were approved during the company's 10th Board of Directors' 18th meeting on April 25, 2025, and the 2024 annual shareholders' meeting on May 16, 2025, aligning with the previously approved guarantee limits [2][4]. - The guarantees are considered normal business practices and are not expected to impact the company's ongoing operational capabilities [4].