兴业科技：为子公司宏兴汽车皮革7000万授信提供担保

Core Viewpoint - In 2025, Xinyi Leather Technology Co., Ltd. approved a proposal to provide a cumulative new guarantee limit of up to 1.43 billion yuan for its subsidiaries, including a 520 million yuan limit for Hongxing Automotive Leather [1] Group 1: Financial Support and Guarantees - Recently, Bank of China Shishi Branch approved a comprehensive credit of 190 million yuan to Hongxing Automotive Leather, with Xinyi Technology assuming joint liability for 70 million yuan [1] - Hongxing Automotive Leather is a subsidiary of Xinyi Technology, with a 60% ownership stake [1] Group 2: Financial Performance - The financial status of Hongxing Automotive Leather for the fiscal year 2024 and the first quarter of 2025 shows a decrease in the debt-to-asset ratio from 37.71% to 23.44% [1] - As of now, the company's external guarantee limit is 1,099.5179 million yuan, accounting for 45.71% of the audited net assets attributable to the listed company for 2024, with no overdue guarantees [1]