hbky(SH:600985) Zheng Quan Zhi Xing·2025-08-26 16:35Core Viewpoint - The company has established a debt management system to strengthen debt risk management, ensure effective control of debt risks, and align with legal regulations and company bylaws [2][8]. Group 1: General Principles - The company emphasizes prudent operations, risk awareness, and strict control over debt scale and leverage levels to keep debt risks within manageable limits [2][3]. - The company aims to enhance operational management and capital strength while ensuring the asset-liability ratio remains at a reasonable level [2][3]. - A scientific management approach is adopted, establishing a long-term mechanism for debt risk prevention and control, with a focus on key debt management areas [2][3]. - The company will implement a dynamic monitoring and early warning mechanism for debt risks, adjusting strategies based on market conditions and economic cycles [2][3]. Group 2: Debt Management Constraints - The company will use asset-liability ratios and interest-bearing debt levels as primary constraints, referencing the average asset-liability ratios of comparable listed companies in the coal industry [3][4]. - There is a commitment to integrate debt control with strategic planning and investment decisions to maintain a reasonable debt structure and enhance financial resilience [3][4]. Group 3: Implementation Mechanism - The board of directors or similar decision-making bodies are responsible for strengthening debt management and risk prevention, with regular analysis of debt structures and risk sources [4][5]. - The company will incorporate asset-liability ratios into the overall budget management system, ensuring that debt levels are controlled within reasonable limits [5][6]. - Each subsidiary is responsible for implementing the debt management constraints and ensuring sustainable operations by effectively preventing debt risks [6][7]. Group 4: Monitoring and Risk Prevention - A warning mechanism will be established for dynamic monitoring of debt risks, enhancing predictive capabilities and preparing response measures [6][7]. - The company will take corrective actions to address any weaknesses in internal controls related to debt management as they are identified [6][7].