CORUN(SH:600478) Zheng Quan Zhi Xing·2025-08-18 10:19Core Viewpoint - The company, Hunan Keli Yuan New Energy Co., Ltd., has provided a guarantee for a financing lease agreement involving Linyi Kairui Project Management Co., Ltd., amounting to 104 million yuan, which is 50% of the total financing amount of 208 million yuan for a 10-year lease [1][2][5]. Summary by Sections Guarantee Overview - The financing lease contract was signed between Linyi Kairui and Bank of China Financial Leasing Co., Ltd., with a principal amount of 208 million yuan and a lease term of 10 years [2]. - The company holds a 47.44% stake in Linyi Kairui through its investment in the storage industry fund, which owns 95% of Linyi Kairui [2][5]. - The guarantee provided by the company covers 50% of the financing lease, amounting to 104 million yuan, including related interest and fees [1][2]. Guarantee Details - Linyi Kairui has pledged its electricity collection rights as collateral for the lease obligations, and its parent company has pledged 100% of its shares to secure the debt [3]. - The guarantee agreement was approved by the company's board and shareholders, allowing for a total guarantee limit of 60 million yuan across multiple projects, with a specific limit of 15 million yuan for Linyi Kairui [3][6]. Financial Status of the Guaranteed Entity - Linyi Kairui was established in March 2024, with a registered capital of 55 million yuan and a total asset value of 519 million yuan as of June 30, 2025 [4]. - The company reported a net asset value of 79.75 million yuan and a total liability of 439.25 million yuan [4]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the construction of independent energy storage projects, which aligns with the company's strategic goals and enhances its core competitiveness in the lithium battery materials sector [5]. - The successful completion of the energy storage project is expected to yield stable investment returns for the company [5].