ZJGS(SH:600052) Zheng Quan Zhi Xing·2025-08-12 16:23Core Viewpoint - Company Zhejiang Dongwang Times Technology Co., Ltd. has announced a guarantee of 70 million yuan for its subsidiary Zhejiang Zhenglan Energy-saving Technology Co., Ltd., with an actual new guarantee amount of 30 million yuan, bringing the total guarantee balance to 110 million yuan [1][6]. Summary by Relevant Sections Guarantee Details - The guarantee is provided to Zhejiang Zhenglan Energy-saving Technology Co., Ltd. with a total amount of 70 million yuan, which includes an actual new guarantee of 30 million yuan [1]. - The company has signed maximum guarantee contracts with Shanghai Pudong Development Bank and Hangzhou United Rural Commercial Bank, providing guarantees of 50 million yuan and 20 million yuan respectively [1][5]. Cumulative Guarantee Situation - The total amount of external guarantees by the company and its subsidiaries is approximately 527 million yuan, accounting for 20.70% of the company's latest audited net assets [1][7]. - The overdue guarantee amount is 281 million yuan, indicating potential financial risks [1][7]. Internal Decision-Making Process - The guarantee was approved by the company's 12th Board of Directors and the 2024 Annual General Meeting, which authorized a total guarantee limit of 150 million yuan for the subsidiary [1][6]. Financial Health of the Guaranteed Entity - Zhejiang Zhenglan Energy-saving Technology Co., Ltd. has total assets of approximately 398.66 million yuan and net assets of about 208.87 million yuan, with a revenue of 174.57 million yuan and a net profit of 50.37 million yuan [2][3]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the business development and operational needs of the subsidiary, with the company having a good understanding of the subsidiary's financial situation, indicating that the overall risk is controllable [6][7].