SUNYES(SZ:002388) Zheng Quan Zhi Xing·2025-07-21 16:25Overview - The company, Xinya Process (Zhejiang) Co., Ltd., is providing guarantees for its subsidiary, Xinya Zhongning, which has an asset-liability ratio exceeding 70% [1][2] - The guarantee is primarily for a loan of RMB 280 million to be used for business development needs [1] Loan and Guarantee Details - Xinya Zhongning has applied for a 6-month extension on the loan, continuing to provide collateral through its 51% stake in Xinya Shanshan and related real estate [2] - The company has approved a total guarantee limit of up to RMB 1.5 billion for 2025, with specific limits based on asset-liability ratios [2][3] Financial Information - As of December 31, 2024, Xinya Zhongning had total assets of approximately RMB 1.21 billion and net assets of approximately RMB 270.57 million [4] - The company reported a total revenue of approximately RMB 9.06 million for 2024 [4] Guarantee Progress - Xinya Zhongning has signed an extension agreement for the loan, with a current balance of RMB 260 million [4] Impact on the Company - The guarantees provided are expected to support the subsidiary's operational and business development needs without adversely affecting the company's normal operations or shareholder interests [5]