Runjian (SZ:002929) Zheng Quan Zhi Xing·2025-07-31 16:27Core Viewpoint - The company plans to provide a financing guarantee of up to 500 million RMB for its subsidiaries in 2025, with a specific limit of 480 million RMB for subsidiaries with a debt-to-asset ratio of 70% or higher, and 20 million RMB for those below this threshold [1][2][3] Summary by Sections Guarantee Overview - The proposed guarantee aims to support the daily operations and business development of the company's subsidiaries, enhancing their sustainable growth capabilities [1][2] - The total guarantee amount is expected to be within 8.11% of the company's latest audited net assets [1] Guarantee Scope and Method - The guarantee will cover various financial instruments, including bank credit, loans, letters of guarantee, and financing leases, with methods such as joint liability guarantees and collateral [2] - The guarantee period will last for 12 months from the approval date by the shareholders' meeting, and the guarantee amount can be reused within this timeframe [2] Approval and Compliance - The guarantee proposal requires approval from the shareholders' meeting and does not involve related party transactions or significant asset restructuring [3] Expected Guarantee Amounts - The expected guarantee amounts for subsidiaries are detailed, with a total of 500 million RMB planned, including 480 million RMB for high debt-to-asset ratio subsidiaries and 20 million RMB for lower ratio subsidiaries [3][4] Subsidiary Financials - Financial data for the subsidiaries indicate varying levels of assets, liabilities, and net profits, with specific figures provided for each subsidiary [5][6][7][8][9][10][11] - The subsidiaries are not classified as dishonest executors, indicating a stable credit status [5][6][7][8][9][10][11] Board's Opinion - The board believes that the proposed guarantees align with the operational needs of the subsidiaries and will enhance the efficiency and flexibility of the company's capital usage [12] - The company will conduct thorough assessments of the subsidiaries' repayment capabilities and project risks before proceeding with guarantees [12] Cumulative Guarantee Amounts - After the proposed guarantees, the total guarantee amount for the company and its subsidiaries will reach 1,407.26 million RMB, representing 22.82% of the company's latest audited net assets [12][13]