BLEST(SH:603959) Shang Hai Zheng Quan Bao·2025-07-22 18:03Summary of Key Points Core Viewpoint - Hunan Baile Engineering Technology Co., Ltd. has announced a guarantee for its wholly-owned subsidiary, Changzhou Baile Lithium Battery Smart Factory Co., Ltd., to facilitate financing activities with a maximum guarantee amount of RMB 85 million [2][3]. Group 1: Guarantee Details - The guarantee is provided to support Changzhou Baile's banking credit operations with Jiangsu Bank, with a maximum principal amount of RMB 85 million [3]. - Prior to this guarantee, the actual guarantee balance provided to Changzhou Baile was RMB 245 million [2]. - There are no counter-guarantees associated with this guarantee, and there are no overdue guarantees [3]. Group 2: Company and Financial Overview - Changzhou Baile Lithium Battery Smart Factory Co., Ltd. was established on November 27, 2013, with a registered capital of RMB 71 million [5]. - As of December 31, 2024, Changzhou Baile reported total assets of approximately RMB 1.36 billion and total liabilities of approximately RMB 1.11 billion, resulting in a net asset value of approximately RMB 242 million [7]. - For the first half of 2025, the company reported total assets of approximately RMB 1.22 billion and a net loss of approximately RMB 12 million [7]. Group 3: Guarantee Agreement Terms - The guarantee agreement is effective from June 13, 2025, to June 12, 2026, covering all credit operations during this period [8]. - The guarantee includes the principal amount, interest, fees, and any costs incurred by the creditor to enforce the guarantee [8]. - The total external guarantee balance, excluding this new guarantee, is RMB 211.8 million, which is 134.11% of the company's latest audited net assets [9].