Linyang Energy(SH:601222) Shang Hai Zheng Quan Bao·2025-08-22 23:17Core Viewpoint - Jiangsu Linyang Energy Co., Ltd. has announced the provision of guarantees for its subsidiaries, Linyang Energy Storage Technology Co., Ltd. and Linyang Solar Co., Ltd., to support their operational financing needs [2][4][12]. Summary by Sections Guarantee Overview - The total guarantee amount for Linyang Energy Storage is RMB 200 million, with an actual guarantee balance of RMB 265.6499 million. For Linyang Solar, the total guarantee amount is RMB 350 million, with an actual guarantee balance of RMB 568.09 million [2][3]. - There are no counter guarantees for these guarantees, and there are no overdue guarantees [3]. Guarantee Details - Linyang Energy Storage has applied for a credit line of up to RMB 100 million from Jiangsu Bank and RMB 100 million from China Merchants Bank, with a one-year term and joint liability guarantee from the company [4]. - Linyang Solar has applied for a credit line of up to RMB 150 million from Shanghai Bank and RMB 200 million from Huaxia Bank, also with a one-year term and joint liability guarantee from the company [4][11]. Decision Process - The guarantees were approved in the board meeting on April 25, 2025, and the annual shareholders' meeting on June 6, 2025, within the authorized limit, eliminating the need for further approval [5]. Financial Health of Guaranteed Entities - Linyang Energy Storage has a registered capital of RMB 100 million and is 85% owned by the company, while Linyang Solar has a registered capital of RMB 800 million and is 100% owned by the company [7][8]. - Both subsidiaries have asset-liability ratios exceeding 70%, indicating potential financial risk [3]. Total Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 12.263 billion, USD 12.3 million, and EUR 6.6 million, equivalent to RMB 13.195 billion, which is 84.23% of the company's audited net assets for 2024 [13][14].