CSI Solar(SH:688472) Zheng Quan Zhi Xing·2025-08-04 16:22Core Viewpoint - The company, Arctech Solar Power Group Co., Ltd., has announced a credit guarantee of 200 million yuan for its wholly-owned subsidiary, Jiaxing Arctech Solar Energy Technology Co., Ltd., to support its financing needs [1][2]. Group 1: Guarantee Details - The total guarantee amount for the subsidiary is 200 million yuan, with an actual guarantee balance of 3.015 billion yuan [1]. - The guarantee does not include any counter-guarantee [1]. - The company has a total authorized guarantee amount of up to 60.144 billion yuan for the year 2025, which is within the approved limits [1][3]. Group 2: Subsidiary Information - Jiaxing Arctech Solar Energy Technology Co., Ltd. is a wholly-owned subsidiary of Zhejiang Arctech New Energy Technology Co., Ltd., holding 100% of the shares [2]. - The subsidiary was established on November 3, 2017, with a registered capital of 120 million yuan [2]. - The subsidiary's total assets as of the 2024 fiscal year are approximately 751.52 million yuan, with a net profit of 17.87 million yuan [2]. Group 3: Board of Directors' Opinion - The board believes that the guarantees are necessary to support the operational needs of the company and its subsidiaries, promoting business development [3]. - The board asserts that the guarantees do not harm the interests of the company or its shareholders, including minority shareholders [3]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the cumulative guarantee amount provided by the company to its subsidiaries is approximately 39.56 billion yuan, which represents 172.73% of the company's latest audited net assets [3]. - The company has not provided guarantees to any external third parties and has no overdue guarantees [3].