Sinomine(SZ:002738) Zheng Quan Zhi Xing·2025-07-21 16:26Summary of Key Points Core Viewpoint - The company has approved a guarantee limit for 2025, allowing it and its subsidiaries to provide guarantees totaling up to RMB 850 million, with a significant portion allocated to its subsidiary, Jiangxi Zhongmin New Materials Co., Ltd. [1][2] Group 1: Guarantee Overview - The company plans to provide guarantees for its wholly-owned and controlling subsidiaries, including those newly established or acquired [1] - The maximum guarantee amount for 2025 is set at RMB 850 million, which includes inter-company guarantees [1] - Jiangxi Zhongmin New Materials will provide a guarantee of RMB 490 million to the company [1] Group 2: Credit Application - The company intends to apply for a RMB 500 million comprehensive credit line from Nanjing Bank, with Jiangxi Zhongmin New Materials providing the guarantee [2] - After this guarantee, the total guarantee amount from Jiangxi Zhongmin New Materials to the company will be RMB 300 million, remaining within the approved limit [2] Group 3: Financial Position - As of March 31, 2025, the company's total assets are RMB 1,814.51 million, with net assets of RMB 1,230.51 million and total liabilities of RMB 553.45 million [3] - The net profit attributable to shareholders for the first quarter of 2025 is RMB 13.48 million, with total revenue of RMB 153.64 million [3] Group 4: Board Opinion - The board believes that the credit application will benefit the company, supporting its operational and developmental funding needs, and aligns with its strategic goals [4] - The financial risks associated with this guarantee are considered manageable and will not harm the interests of the company or its shareholders [5] Group 5: Guarantee Statistics - The total amount of guarantees provided by the company and its subsidiaries is RMB 188.79 million, which is 15.50% of the net assets as of December 31, 2024 [5] - There are no overdue guarantees or guarantees involved in litigation [5]