SOJO(SZ:300444) Zheng Quan Zhi Xing·2025-08-25 17:26Summary of Key Points Core Viewpoint The announcement from Beijing Shuangjie Electric Co., Ltd. details the cancellation of certain guarantee limits and the provision of guarantees for its wholly-owned subsidiaries, aimed at optimizing financing arrangements and managing external guarantee limits effectively. Group 1: Cancellation of Guarantee Limits - The company has decided to cancel unused guarantee limits for its wholly-owned subsidiaries, specifically Beijing Chaoyang Jieyouneng New Energy Co., Ltd. and Beijing Jieneng New Energy Co., Ltd. [1] - The total amount of guarantees being canceled is 15,572.04 million RMB, out of an initially approved guarantee limit of 18,000 million RMB [1][2]. Group 2: Overview of New Guarantees - The company plans to provide comprehensive credit guarantees for several subsidiaries, with a total guarantee limit not exceeding 253,000 million RMB, valid for one year from the date of shareholder approval [2][3]. - The breakdown of the new guarantee limits for each subsidiary includes: - 70,000 million RMB for Mulei Jieneng New Energy Co., Ltd. - 50,000 million RMB for Shuangjie New Energy Co., Ltd. and its subsidiaries - 25,000 million RMB for Shuangjie Hefei Co., Ltd. - 15,000 million RMB for Shuangjie Hubei Co., Ltd. and its subsidiaries - 30,000 million RMB for Inner Mongolia Shuangjie Saidou Electric Co., Ltd. and its subsidiaries - 3,000 million RMB for Shuangjie Yunnan Co., Ltd. - 50,000 million RMB for Wuxi Electric Transformer Co., Ltd. - 5,000 million RMB for Hefei Jie Jie Xun Electric Technology Co., Ltd. and its subsidiaries - 5,000 million RMB for Hefei Jie Beite Electric Co., Ltd. [2][3]. Group 3: Financial Data of Subsidiaries - Financial data for the first half of 2025 (unaudited) shows: - Mulei Jieneng: Total assets of 127,844.20 million RMB, total liabilities of 97,844.20 million RMB, and net assets of 30,000.00 million RMB [5]. - Shuangjie New Energy: Total assets of 148,951.88 million RMB, total liabilities of 94,558.35 million RMB, and net assets of 54,393.53 million RMB [6]. - Shuangjie Hefei: Total assets of 473,601.44 million RMB, total liabilities of 372,828.64 million RMB, and net assets of 100,772.80 million RMB [7]. - Shuangjie Hubei: Total assets of 23,119.71 million RMB, total liabilities of 17,883.98 million RMB, and net assets of 5,235.73 million RMB [9]. - Inner Mongolia Shuangjie: Total assets of 59,720.94 million RMB, total liabilities of 50,939.87 million RMB, and net assets of 8,781.07 million RMB [10]. - Wuxi Electric Transformer: Total assets of 87,629.82 million RMB, total liabilities of 71,213.68 million RMB, and net assets of 16,416.14 million RMB [11]. Group 4: Board's Opinion and Next Steps - The board believes that providing guarantees for subsidiaries will meet their operational needs and that the associated risks are manageable, ensuring no significant impact on the company's normal operations [14]. - The guarantee matters will be submitted for shareholder approval as required by relevant regulations [4][16].