CDLQ(SZ:002628) Sou Hu Cai Jing·2025-07-13 03:27Summary of Key Points Core Viewpoint - Chengdu Road and Bridge Engineering Co., Ltd. has approved a guarantee limit of up to 1 billion RMB for its subsidiaries and associated companies for the year 2025, which was ratified by the shareholders' meeting on May 7, 2025 [2]. Group 1: Guarantee Overview - The company plans to provide guarantees for its consolidated subsidiaries, including newly established ones, with a total guarantee limit not exceeding 1 billion RMB, which can be reused [2]. - The guarantee is valid from the date of approval by the shareholders' meeting until the next annual meeting in 2025 [2]. Group 2: Specific Guarantee Details - The company has provided a guarantee and mortgage for its wholly-owned subsidiary, Sichuan Daocheng Construction Engineering Testing Co., Ltd., for a credit limit of 10 million RMB from Huishang Bank [3]. - The maximum debt amount secured is 13 million RMB, with a guarantee period of one year and a mortgage period of three years [3]. Group 3: Collateral Information - The estimated value of the collateral is approximately 11.18 million RMB, with no significant disputes or legal issues related to the property [4]. Group 4: Financial Data of the Subsidiary - As of December 31, 2024, Daocheng Testing had total assets of 52.40 million RMB, total liabilities of 35.96 million RMB, and a debt-to-asset ratio of 68.62% [6]. - For the first quarter of 2025, the subsidiary reported total assets of 51.26 million RMB and a net loss of 57.66 thousand RMB [6]. Group 5: Guarantee Agreement Details - The company signed a maximum guarantee contract and a maximum mortgage contract with Huishang Bank, with the guarantee amount set at 13 million RMB and the mortgage amount at 11.18 million RMB [8][9]. - The guarantee period for the maximum guarantee contract is from July 9, 2025, to July 9, 2026, while the mortgage contract is valid until July 9, 2028 [9]. Group 6: Board of Directors' Opinion - The board believes that the guarantee for Daocheng Testing is manageable and will support the subsidiary's funding needs for business expansion, thereby enhancing overall company performance [10]. Group 7: Cumulative Guarantee Information - As of the announcement date, the total approved external guarantee amount for the company and its subsidiaries is 2.418 billion RMB, with an actual guarantee balance of 1.426 billion RMB, representing 49.24% of the latest audited net assets [10].