JiShi Media(SH:601929) Zheng Quan Zhi Xing·2025-07-23 16:14Summary of Key Points Core Viewpoint - The company is providing guarantees for its subsidiaries, Ji Shi Media Cinema Investment Management Co., Ltd. and Ji Shi Media Information Service Co., Ltd., to support their bank borrowings and electronic bank acceptance bills, indicating a strategic move to strengthen its business operations and financial stability [1][2][6]. Group 1: Guarantee Details - The company plans to provide a guarantee of RMB 48 million for Ji Shi Media Cinema Investment Management Co., Ltd. for bank loans [1][2]. - The company has already provided a total guarantee of RMB 103 million for its subsidiaries, excluding the current guarantees [1][6]. - The asset-liability ratio for both subsidiaries exceeds 70%, with Ji Shi Media Cinema Investment Management Co., Ltd. at 88.76% and Ji Shi Media Information Service Co., Ltd. at 72.49% as of June 30, 2025 [1][5]. Group 2: Financial Status of Subsidiaries - As of June 30, 2025, Ji Shi Media Cinema Investment Management Co., Ltd. reported total assets of RMB 223.07 million, total liabilities of RMB 197.99 million, and a net asset of RMB 25.07 million [4][5]. - Ji Shi Media Information Service Co., Ltd. had total assets of RMB 570.22 million, total liabilities of RMB 413.36 million, and a net asset of RMB 156.87 million as of June 30, 2025 [5]. - The cinema investment company reported a net loss of RMB 3.71 million for the first half of 2025, while the information service company achieved a net profit of RMB 33.23 million during the same period [4][5]. Group 3: Decision-Making Process - The board of directors approved the guarantees for both subsidiaries during a meeting held on July 23, 2025, indicating a formal decision-making process [2][6]. - The company maintains control over the management and financial aspects of its subsidiaries, which are deemed to have stable operations and good creditworthiness [6][7].