BLEST(SH:603959) Zheng Quan Zhi Xing·2025-07-22 16:16Core Viewpoint - The company has provided a guarantee of up to RMB 85 million for its wholly-owned subsidiary, Changzhou Baile Lithium Battery Smart Factory Co., Ltd, to facilitate its financing needs [1][2]. Group 1: Guarantee Details - The maximum principal amount of the guarantee is RMB 85 million, in addition to an existing guarantee balance of RMB 245 million [1]. - There is no counter-guarantee associated with this guarantee [1]. - There are no overdue guarantees recorded by the company [1]. Group 2: Subsidiary Information - Changzhou Baile Lithium Battery Smart Factory Co., Ltd has a registered capital of RMB 71 million and was established on November 27, 2013 [2]. - The subsidiary's business scope includes the research, design, and manufacturing of lithium battery materials and intelligent production lines, among other activities [2]. Group 3: Financial Status - As of December 31, 2024, the total assets of Changzhou Lithium Battery amounted to approximately RMB 1.36 billion, with total liabilities of approximately RMB -53.59 million [3]. - As of June 30, 2025, the total assets were approximately RMB 1.22 billion, with total liabilities of approximately RMB -12.03 million [3]. Group 4: Guarantee Agreement - The guarantor is Hunan Baile Engineering Technology Co., Ltd, and the creditor is Jiangsu Bank Co., Ltd, Changzhou Branch [3]. - The guarantee covers loans, commercial bills, and other credit business contracts [3]. Group 5: Overall Guarantee Situation - As of the announcement date, the total external guarantee balance of the company and its subsidiaries, excluding this guarantee, is RMB 189.65 million, which accounts for 120.08% of the company's most recent audited net assets [4].