河南中孚实业股份有限公司关于公司及子公司2025年度向银行等机构申请综合授信额度的进展公告

Core Viewpoint - The company plans to apply for a total credit limit of up to 3.5 billion RMB for the year 2025 to support various financial needs including working capital loans and debt restructuring [1][2] Group 1: Credit Application Details - The company and its subsidiaries will apply for a comprehensive credit limit not exceeding 3.5 billion RMB for 2025, which will be used for refinancing existing loans, optimizing debt structure, and supplementing working capital [1] - The credit application was approved during the board meeting and the shareholders' meeting held on December 3 and December 19, 2024 [1] - The authorization for the credit limit is valid from January 1, 2025, to December 31, 2025, and the limit can be reused within this period [2] Group 2: Specific Credit Usage - The wholly-owned subsidiary, Henan Zhongfu High-Precision Aluminum Co., Ltd., plans to apply for a credit limit of 500 million RMB from Zheshang Bank, with the company providing joint liability guarantees [3] - The guarantee period for this credit is three years from the repayment obligation of the subsidiary [3] Group 3: Financial Status of the Subsidiary - As of December 31, 2024, the subsidiary had total assets of 7.33 billion RMB and total liabilities of 5.34 billion RMB, resulting in a net asset value of 1.99 billion RMB [4] - For the first quarter of 2025, the subsidiary reported total assets of 7.67 billion RMB and a net profit of 12.43 million RMB [4] Group 4: Impact and Guarantee Status - The credit application is expected to enhance the financial strength of the subsidiary, supporting its operational and liquidity needs, thereby promoting stable development [5] - The company currently has no overdue guarantees and the total guarantee amount provided to subsidiaries is 2.78 billion RMB, which is 19% of the company's audited equity [5]