Core Viewpoint - Tianhai Defense's financial structure shows a significant reliance on manufacturing, with 92.84% of revenue coming from this sector, indicating a strong focus on manufacturing capabilities [1] Group 1: Revenue Composition - In 2024, Tianhai Defense's revenue composition is as follows: Manufacturing accounts for 92.84%, Services for 3.54%, Wholesale and Retail for 2.33%, and Trade for 1.29% [1] Group 2: Financial Guarantees - As of August 12, the company has provided effective guarantees to its subsidiaries totaling approximately $152 million, €10.23 million, and ¥1.12 billion, amounting to a total of about ¥3.268 billion in RMB [3] - The total effective external guarantees after the latest contract will amount to approximately ¥3.374 billion, which represents 161.19% of the company's audited net assets as of December 31, 2024 [3]
天海防务:公司总计对子公司已生效对外担保金额折合人民币约33.74亿元