GUANGHUI ENERGY(SH:600256) Zheng Quan Zhi Xing·2025-08-26 16:13Core Viewpoint - Guanghui Energy Co., Ltd. has announced the progress of its guarantee implementation for July 2025, detailing changes in guarantee amounts and the overall guarantee balance as part of its operational strategy to support its subsidiaries and joint ventures [1][2]. Summary by Sections 1. Guarantee Amount and Balance - In July 2025, the company increased the guarantee amount by 43,553.71 million yuan and decreased it by 57,360.48 million yuan, resulting in a total guarantee balance of 1,327,149.08 million yuan as of July 31 [1][2][4]. 2. Expected Guarantee for 2025 - The company has approved a total expected guarantee amount not exceeding 20 billion yuan for 2025, with a net increase of guarantees expected to be no more than 6 billion yuan. This includes 5.71 billion yuan for subsidiaries and 3.3 billion yuan for companies with an asset-liability ratio above 70% [1][4]. 3. Implementation of Guarantees in July 2025 - The company has provided detailed monthly disclosures regarding its guarantee activities, with specific amounts allocated to various subsidiaries and joint ventures, ensuring that the total does not exceed the approved limits [2][3]. 4. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary and reasonable to ensure the normal operation of the subsidiaries and joint ventures, which are reported to have stable operations and good credit status, thus minimizing risks [4]. 5. Cumulative Guarantee Amount and Overdue Guarantees - As of July 31, the cumulative guarantee balance was 1,327,149.08 million yuan, accounting for 49.17% of the company's latest audited equity. There are no overdue guarantees reported [4].