航新科技：累计新增借款超过上年末净资产20%

Core Viewpoint - The company, Hangxin Technology, reported an increase in its borrowing balance, which is significantly impacting its financial structure and is primarily driven by its subsidiary's expansion into the aviation asset management business [1] Financial Summary - As of June 30, 2025, the company's borrowing balance reached 1.037 billion yuan, an increase of 201 million yuan compared to the end of 2024 [1] - The new borrowing represents 26.68% of the audited net assets as of the end of 2024, exceeding the previous year's net asset percentage of 20% [1] Business Operations - The substantial increase in borrowing is attributed to the subsidiary, Tianhong Aviation Technology Co., Ltd., which is aggressively expanding its aviation asset management business [1] - The expansion requires significant capital for purchasing second-hand aircraft and other aviation assets [1]