CHINA PHOENIX(SZ:000520) Zheng Quan Zhi Xing·2025-07-31 16:15Summary of Key Points Core Viewpoint - The announcement details a guarantee provided by Phoenix Shipping (Wuhan) Co., Ltd. for its wholly-owned subsidiary Shanghai Huatai Shipping Co., Ltd. regarding the leasing of the "Shunhua" vessel to Ningbo Changhang New Phoenix Logistics Co., Ltd. The lease period is extended until September 30, 2030, with an increase in monthly rent starting August 1, 2025. Group 1: Guarantee Details - The lease period for the "Shunhua" vessel is from December 31, 2023, to September 30, 2030, with a monthly rent increase from 420,000 RMB to 445,000 RMB starting August 1, 2025 [2][7]. - The guarantee falls within the consolidated financial statements and has undergone internal approval processes, requiring board review but not shareholder approval [2][7]. Group 2: Company Information - Phoenix Shipping (Wuhan) Co., Ltd. has a registered capital of 1,012.083455 billion RMB and is located in Wuhan [2]. - As of June 30, 2025, the estimated total assets of Shanghai Huatai Shipping Co., Ltd. are 700.08 million RMB, with total liabilities of 240.46 million RMB and net assets of 460.62 million RMB [2][3]. - The expected revenue for the first half of 2025 is 440.77 million RMB, with a net profit of 1.68 million RMB [2]. Group 3: Subsidiary Information - Shanghai Huatai Shipping Co., Ltd. has a registered capital of 30 million RMB and is located in Shanghai [3]. - The estimated total assets of Ningbo Changhang New Phoenix Logistics Co., Ltd. are 79.13 million RMB, with total liabilities of 50.84 million RMB and net assets of 28.29 million RMB [4][5]. - The expected revenue for 2024 is 19.39 million RMB, with a net profit of 1.73 million RMB [4]. Group 4: Impact and Current Guarantees - The guarantee is expected to facilitate business operations, is deemed controllable in terms of risk, and does not harm the interests of the company or its shareholders [7]. - The total amount of external guarantees provided by the company and its subsidiaries is 10 million RMB, with a total guarantee balance of 40 million RMB, representing 8.7% of the latest audited net assets [7].