n.n.store(SH:600712) Zheng Quan Zhi Xing·2025-08-26 12:17Core Viewpoint - The company, Nanning Department Store Co., Ltd., has announced a guarantee of 10 million yuan for its wholly-owned subsidiary, Baise Guitong Automobile Sales Service Co., Ltd., to support its daily operations and secure bank financing [1][4]. Summary by Sections Guarantee Details - The guarantee amount is 10 million yuan, with the total external guarantee amount provided by the company to its subsidiaries being 10 million yuan as of the announcement date [1][5]. - The guarantee is secured by the company's own assets, specifically a property located at No. 45 Chaoyang Road, Nanning, with an assessed value of 146.706 million yuan [3][4]. Internal Decision Process - The company's board of directors approved the guarantee during a meeting held on March 26, 2025, with unanimous support and no votes against or abstentions [4]. - The total loan guarantee for Baise Guitong and two other wholly-owned subsidiaries amounts to 30 million yuan, with the company providing 10 million yuan specifically for Baise Guitong [1][4]. Financial Position of the Guaranteed Entity - Baise Guitong has total assets of approximately 35.703 million yuan and total liabilities of about 40.389 million yuan, resulting in a negative net asset value of approximately -4.686 million yuan [3]. - The company reported an operating income of approximately 19.058 million yuan and a net profit of about 313,588 yuan [3]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of Baise Guitong and to facilitate access to bank credit and financing [4]. - The company maintains absolute control over Baise Guitong, which is considered to have stable operational capabilities, making the guarantee risk manageable [4].