Himile Science And Technology(SZ:002595) Shang Hai Zheng Quan Bao·2025-08-14 19:28Core Viewpoint - The company has decided to provide a entrusted loan of 250 million RMB to Gaoxing Water Conservancy Construction Engineering Co., Ltd. to improve the efficiency of its idle funds and enhance overall profitability [2][10][25]. Group 1: Meeting Resolutions - The company's board of directors and supervisory board unanimously approved the proposal for the entrusted loan during their respective meetings held on August 14, 2025 [2][5][11]. - The loan amount is set at 250 million RMB with a term not exceeding one year and an annual interest rate of 8.30%, with interest settled monthly [2][10][14]. Group 2: Financial and Operational Context - The company is currently in a strong financial position with robust cash flow, allowing it to utilize idle funds for this loan without affecting its liquidity or operational needs [11][25]. - The total amount of financial assistance provided by the company after this loan will be 450 million RMB, which represents approximately 4.56% of the company's latest audited net assets [26][31]. Group 3: Borrower and Guarantor Information - The borrower, Gaoxing Water Conservancy Construction Engineering Co., Ltd., has total assets of 2.79 billion RMB and a net profit of 61.43 million RMB for the year 2024 [11]. - The guarantor for this loan is Gaomi Huaron Industrial Development Co., Ltd., which has total assets of 64.58 billion RMB and a net profit of 144.77 million RMB for the year 2024 [14]. Group 4: Loan Agreement Details - The loan will be disbursed in a single installment, with a maturity date set for August 5, 2026 [10][14]. - The loan agreement includes provisions for penalties in case of default by the borrower, ensuring the company's interests are protected [15][19]. Group 5: Risk Management - The company has implemented various risk control measures, including thorough due diligence on the borrower and guarantor, to mitigate potential credit risks associated with the loan [22][24]. - The board believes that the loan will not adversely affect the company's financial stability and will contribute positively to its overall financial performance [25].