HGTECH(SZ:000988) Zheng Quan Zhi Xing·2025-07-25 16:14Core Viewpoint - The company, Huagong Technology, plans to increase its guarantee limit for bank financing for certain wholly-owned subsidiaries by up to 1 billion RMB, in addition to the existing guarantee limit of 6.87 billion RMB, subject to shareholder approval [1][2]. Summary by Sections Guarantee Overview - The company previously approved a guarantee limit of 6.87 billion RMB for 23 wholly-owned and controlled subsidiaries, effective for 12 months from the date of shareholder approval [1][2]. New Guarantee Limit Details - The new guarantee limit is proposed to be within 1 billion RMB, effective for 6 months from the date of shareholder approval. The company has exceeded 30% of its total audited assets in external guarantees over the past 12 months, requiring a special resolution from shareholders for implementation [2][5]. Financial Status of Subsidiaries - The financial indicators of the subsidiaries are stable, with the following recent financial data: - Wuhan Huagong Zhengyuan Photon Technology Co., Ltd.: Total assets of 1,475.6 million RMB, total liabilities of 782.5 million RMB, and net assets of 973.5 million RMB [3]. - Wuhan Huagong Laser Engineering Co., Ltd.: Total assets of 1,475.1 million RMB, total liabilities of 721.9 million RMB, and net assets of 753.2 million RMB [4]. - Wuhan Huagong Saibai Data System Co., Ltd.: Total assets of 346.3 million RMB, total liabilities of 216.2 million RMB, and net assets of 130.2 million RMB [4]. - Shenzhen Huagong New Energy Equipment Co., Ltd.: Total assets and liabilities data not provided, but it is a wholly-owned subsidiary [4]. Guarantee Agreement Content - The guarantee agreements will be negotiated under reasonable and fair contract terms, with the guarantee method being joint liability. The specific guarantee amounts and terms will depend on bank approvals [4]. Board Opinion - The board believes that the new guarantee will support the stable development of the company and its subsidiaries, is in line with overall development requirements, and poses controllable risks [5]. Total External Guarantee Amount - As of March 31, 2025, the total external guarantees provided by the company amounted to 3,219.15 million RMB, accounting for 31.63% of the company's audited net assets for 2024 [5][6].