JSZY(SH:600770) Zheng Quan Zhi Xing·2025-08-05 16:10Summary of Key Points Core Viewpoint - The company has provided a guarantee of 7 million RMB for its controlling subsidiary, Jiangsu Xinjup Environmental Technology Co., Ltd., to support its credit application with Zhangjiagang Rural Commercial Bank [1][2]. Group 1: Guarantee Details - The guarantee amount is set at 7 million RMB, which is within the approved annual guarantee limit by the shareholders' meeting [2][6]. - The guarantee is a joint liability guarantee, with a guarantee period of three years from the debt fulfillment deadline [2][6]. - Jiangsu Xinjup's other shareholders have provided counter-guarantees for this guarantee [2][6]. Group 2: Financial Overview of Jiangsu Xinjup - Jiangsu Xinjup is a controlling subsidiary of the company, with a 50.45% stake held by Jiangsu Zongyi Photovoltaic Co., Ltd. [5]. - As of the first quarter of 2025, Jiangsu Xinjup reported total assets of 171.32 million RMB and total liabilities of 159.23 million RMB, resulting in a net asset value of 12.09 million RMB [5]. - The company generated operating revenue of 22.16 million RMB in the first quarter of 2025, with a net profit of -534,500 RMB [5]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed a reasonable action by the company, as Jiangsu Xinjup has shown stable growth in its traditional organic waste gas treatment business and is expanding into high-margin businesses [6][7]. - The company maintains effective control over Jiangsu Xinjup's daily operations and financial status, allowing for timely management of credit risks [6][7]. - The guarantee is expected to support Jiangsu Xinjup's stable operations and long-term development, aligning with the company's overall business strategy [6][7]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 201.11 million RMB, which includes this guarantee [7]. - The total guarantees represent 6.17% of the company's audited net assets attributable to shareholders as of 2024, with no overdue guarantees reported [7].