Jidong Equipment(SZ:000856) Zheng Quan Zhi Xing·2025-07-21 09:17Summary of Key Points Core Viewpoint - The company, Tangshan Jidong Equipment Engineering Co., Ltd., is providing significant financial guarantees to its wholly-owned subsidiary, Tangshan Dunshi Construction Engineering Co., Ltd., with a total expected guarantee amount of RMB 554 million for 2025, which exceeds 50% of the company's latest audited net assets [1][2]. Group 1: Guarantee Overview - The company plans to provide a total of RMB 554 million in financing guarantees for its subsidiary, with RMB 300 million allocated for the subsidiary with a debt-to-asset ratio exceeding 70% and RMB 254 million for those with a debt-to-asset ratio not exceeding 70% [1][2]. - The company has signed maximum guarantee contracts with CITIC Bank and Bank of China for a total of RMB 150 million in guarantees for its subsidiary's credit facilities [2][3]. Group 2: Guarantee Progress - As of the announcement date, the company has provided RMB 150 million in guarantees to the subsidiary with a debt-to-asset ratio exceeding 70%, leaving a remaining available guarantee amount of RMB 150 million for that subsidiary and RMB 254 million for subsidiaries with a lower debt-to-asset ratio [3][4]. Group 3: Basic Information of the Guaranteed Entity - The subsidiary, Tangshan Dunshi Construction Engineering Co., Ltd., has been identified as the entity receiving the financing guarantees, with details regarding its financial status provided in the announcement [4][5]. Group 4: Main Content of Guarantee Agreement - The guarantee agreement stipulates that the creditor has the right to require the guarantor to assume guarantee responsibilities, covering various costs associated with debt recovery [5]. Group 5: Board of Directors' Opinion - The board believes that providing financing guarantees is essential for maintaining necessary working capital for the subsidiary, which will enhance the overall operational performance of the company [5][6]. Group 6: Cumulative Guarantee Amount and Overdue Guarantees - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is RMB 250 million, accounting for 59.58% of the company's latest audited net assets, with no overdue guarantees reported [6].