aisidi(SZ:002416) Zheng Quan Zhi Xing·2025-08-05 16:32Summary of Key Points Core Viewpoint - Shenzhen Aishide Co., Ltd. has announced that it will provide a guarantee for its subsidiary, Shenzhen Shifeng Technology Co., Ltd., to apply for a credit limit of RMB 2 billion from Samsung (China) [1] Group 1: Guarantee Details - The guarantee amount is RMB 2 billion, representing 100% of the company's shareholding in Shifeng Technology [1] - Shifeng Technology's recent asset-liability ratio exceeds 70%, indicating potential risks associated with the guarantee [1] - The guarantee will be a joint liability guarantee, with Shifeng Technology also providing a counter-guarantee to the company [1][4] Group 2: Financial Status of the Subsidiary - As of December 31, 2024, Shifeng Technology had total assets of RMB 520.84 million, total liabilities of RMB 380.75 million, and net assets of RMB 140.09 million [2] - As of March 31, 2025, the total assets increased to RMB 946.27 million, total liabilities to RMB 788.76 million, and net assets to RMB 157.51 million [3] Group 3: Guarantee Agreement Terms - The guarantee covers all debts owed by Shifeng Technology under the main contract and its attachments, including principal, interest, penalties, and costs [3] - The guarantee period lasts for three years from the last payment date of the procurement contract with Samsung (China) [3] - Any disputes arising from the guarantee will be submitted to the local people's court where Samsung (China) is located [4] Group 4: Counter-Guarantee Details - Shifeng Technology will act as both the guaranteed party and the counter-guaranteeing party, providing a joint liability guarantee to the company [4] - In the event of default, Shifeng Technology must repay the company within 10 working days after the company settles the debt with the creditor [4] Group 5: Impact on the Company - The company assesses that the risk associated with this guarantee is relatively low [6] - The total expected guarantee amount for the company and its subsidiaries is RMB 14.3165 billion, including this guarantee of RMB 2 billion [6] - The total balance of external guarantees is RMB 1.755 billion, accounting for 28.69% of the company's latest audited net assets [6]