TOND(SZ:002360) Shang Hai Zheng Quan Bao·2025-08-12 20:26Core Viewpoint - Shanxi Tongde Chemical Co., Ltd. has provided guarantees totaling 1.645 billion yuan, which accounts for 82.40% of the company's latest audited net assets, highlighting significant guarantee risks for investors [2][3]. Summary by Sections 1. Overview of Guarantees - The company approved a guarantee limit of up to 3 billion yuan for its wholly-owned and controlling subsidiaries during board meetings held on April 25 and May 19, 2025 [3]. 2. Progress of Guarantees - Recently, the company's wholly-owned subsidiaries, Tongde Kexin Materials Co., Ltd. and Shanxi Tongde Blasting Engineering Co., Ltd., signed maximum guarantee contracts with Shanxi Bank, providing joint liability guarantees for a loan of 94 million yuan [4]. - After this guarantee, the total guarantee balance for the company's subsidiaries increased to 1.62579 billion yuan, leaving a remaining guarantee capacity of 1.3742092 billion yuan [4]. 3. Basic Information of the Guaranteed Party - The guaranteed party is Shanxi Tongde Chemical Co., Ltd., with a registered capital of 401.77 million yuan and established on June 10, 2001 [5][6]. 4. Financial Status - As of December 31, 2024, the company reported total assets of 4.7023566 billion yuan, total liabilities of 2.7055926 billion yuan, and a net asset of 1.9967640 billion yuan. The company recorded a net loss of 71.99 million yuan for the year [7]. - As of March 31, 2025, the company had total assets of 4.6680265 billion yuan, total liabilities of 2.6660299 billion yuan, and a net asset of 2.0019965 billion yuan, with a net profit of 1.03 million yuan for the first quarter [7]. 5. Main Content of Guarantee Agreements - The creditor is Shanxi Bank, and the guarantors are Tongde Kexin Materials Co., Ltd. and Shanxi Tongde Blasting Engineering Co., Ltd. The principal amount of the main debt is 94 million yuan [9]. - The guarantee covers all debts under the main contract, including principal, interest, penalties, and other related costs [10]. 6. Guarantee Period - The guarantee period is calculated based on the loan performance period, lasting three years from the loan maturity date [12]. 7. Total External Guarantees - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is 3 billion yuan, with an actual guarantee balance of 1.62579 billion yuan, representing 81.42% of the latest audited net assets [13].