5i5j(SZ:000560) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:11Summary of Key Points Core Viewpoint - The company has approved a guarantee of up to 4 billion RMB for its subsidiaries' debt financing in 2025, with specific allocations based on their asset-liability ratios [2]. Group 1: Guarantee Overview and Approval - The company held meetings on April 8 and May 13, 2025, to approve the guarantee for subsidiary debt financing [2]. - The approved guarantee includes a maximum of 3.08 billion RMB for subsidiaries with an asset-liability ratio below 70% and 920 million RMB for those above 70% [2]. - The guarantee for the wholly-owned subsidiary, Beijing I Love My Home Real Estate Brokerage Co., Ltd., is set at 2.24 billion RMB [2]. Group 2: Guarantee Progress - On August 1, 2025, Beijing I Love My Home signed a comprehensive credit agreement with China Everbright Bank, securing a maximum credit limit of 200 million RMB [3]. - The company will provide a joint liability guarantee for this credit agreement, ensuring compliance with the approved guarantee limits [3]. Group 3: Subsidiary Information - Beijing I Love My Home has total assets of 5.46 billion RMB and total liabilities of 2.46 billion RMB as of December 31, 2024 [4]. - As of March 31, 2025, its total assets increased to 7.15 billion RMB, with total liabilities at 4.14 billion RMB [4]. - The subsidiary reported a net profit of 7.06 million RMB for the year 2024 and 2.43 million RMB for the first quarter of 2025 [4]. Group 4: Guarantee Contract Details - The guarantee covers all debts arising from the credit agreement, with a maximum principal balance of 200 million RMB [5]. - The guarantee period is three years from the debt maturity date, with provisions for early maturity due to legal or contractual events [5]. Group 5: Board Opinion - The board believes that the guarantee supports the subsidiary's funding needs and promotes sustainable business development [6]. - The subsidiary's management is deemed sound, and the risks associated with the guarantee are considered manageable [6]. Group 6: External Guarantee Status - The company has no overdue guarantees or guarantees provided to external entities outside the consolidated financial statements [8]. - The total balance of external guarantees after this transaction is 2.04 billion RMB, representing 21.71% of the latest audited net assets [8].