Anhui Xinbo Aluminum (SZ:003038) Shang Hai Zheng Quan Bao·2025-08-15 20:06Core Viewpoint - The company, Anhui Xinbo Aluminum Industry Co., Ltd., has provided a maximum guarantee for its subsidiary, Anhui Xinbo Technology Co., Ltd., to secure a bank credit line of RMB 10 million, increasing the total guarantee amount for the subsidiary to RMB 1.041 billion [2][12]. Summary by Sections Guarantee Overview - The company approved a guarantee limit of up to RMB 4.5 billion for its subsidiaries during the board and shareholder meetings held in March and April 2025 [5]. - The total guarantee amount for all subsidiaries is RMB 3.242 billion, with no overdue guarantees reported [3][13]. Guarantee Progress - Xinbo Technology applied for a working capital loan of RMB 10 million from Huaxia Bank, for which the company has provided a joint liability guarantee [6]. Basic Information of the Guaranteed Entity - As of December 31, 2024, Xinbo Technology reported total assets of RMB 4.172 billion, total liabilities of RMB 3.589 billion, and net assets of RMB 582.8 million, with a revenue of RMB 628.9 million and a net profit of RMB 7.7 million for the year [7]. - As of March 31, 2025, the company reported total assets of RMB 3.785 billion, total liabilities of RMB 3.183 billion, and net assets of RMB 601.5 million, with a revenue of RMB 147.3 million and a net profit of RMB 1.9 million for the first quarter [8]. Guarantee Contract Details - The guarantee contract includes provisions for the principal debt, interest, overdue interest, penalties, and other reasonable expenses incurred by the creditor, Huaxia Bank [9]. - The guarantee is a joint liability guarantee with a responsibility period of three years [10][11]. Board Opinion - The board believes that providing this guarantee will help expand financing channels for Xinbo Technology and support the company's sustainable and stable development, with risks being effectively controlled [12].