Core Points - 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] - The credit application was approved during the board meeting and the shareholders' meeting held on December 3 and December 19, 2024 [1] - The credit limit can be used repeatedly within the authorized period from January 1, 2025, to December 31, 2025 [2] Credit Usage - The wholly-owned subsidiary, Henan Zhongfu High Precision Aluminum Co., Ltd., intends to apply for a credit limit of 500 million RMB from Zheshang Bank, with the expiration date set for July 28, 2026 [3] - The company will provide joint liability guarantees for this credit application, which falls within the approved total credit limit for 2025 [3] Financial Status of Subsidiary - As of December 31, 2024, the total assets of Zhongfu High Precision Aluminum amounted to 7.33 billion RMB, with total liabilities of 5.34 billion RMB and a net asset value of 1.99 billion RMB [4] - For the first quarter of 2025, the total assets increased to 7.67 billion RMB, with total liabilities at 5.55 billion RMB and a net profit of 12.43 million RMB [5] Impact and Guarantee Status - The credit will enhance the financial strength of Zhongfu High Precision Aluminum, supporting its operational and liquidity needs, thereby promoting stable growth for the company [5] - The total guarantee amount between the company and its subsidiaries is 6.76 billion RMB, with actual guarantees totaling 2.78 billion RMB, representing 19% of the latest audited equity attributable to the parent company [5]
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