FENGYUAN(SZ:002805) Zheng Quan Zhi Xing·2025-07-22 11:15Summary of Key Points Core Viewpoint - Shandong Fengyuan Chemical Co., Ltd. has approved a new guarantee limit of up to RMB 650 million for its subsidiaries, with a significant portion allocated to subsidiaries with a debt-to-asset ratio below 70% [1]. Group 1: Guarantee Overview - The company and its subsidiaries will provide a total guarantee of up to RMB 650 million, with RMB 250 million specifically for subsidiaries with a debt-to-asset ratio below 70% [1]. - Recently, the company and its wholly-owned subsidiary, Fengyuan Lithium Energy Technology Co., Ltd., signed a guarantee contract with China Bank for a loan of RMB 80 million for its subsidiary, Fengyuan Huineng New Energy Materials Co., Ltd. [1]. Group 2: Guarantee Details - The total guarantee amount before this new guarantee was RMB 280 million, which represents 163.79% of the company's latest audited net assets [5]. - The company has not provided guarantees for any entities outside its consolidated financial statements and has no overdue debts related to guarantees [5]. Group 3: Financial Performance - As of the latest audited financials, the company's total assets were approximately RMB 1.26 billion, with total liabilities of about RMB 698 million, resulting in net assets of approximately RMB 566 million [3]. - The company reported a total revenue of approximately RMB 1.16 billion for the year 2024, with a net loss of approximately RMB 135 million [3].