Leyard(SZ:300296) Mei Ri Jing Ji Xin Wen·2025-08-27 23:58Summary of Key Points Core Viewpoint - Liard announced on August 28 that it will provide guarantees for its subsidiary, with significant implications for its financial standing and risk exposure [1]. Financial Guarantees - The total amount of external guarantees approved by the company and its subsidiaries is approximately 1.229 billion yuan, with 590 million yuan approved within the last twelve months, representing 15.56% of the latest audited net assets and 8.97% of the latest audited total assets [1]. - The actual total balance of external guarantees is about 407 million yuan, which accounts for 5.15% of the latest audited net assets and 2.97% of the latest audited total assets [1]. Breakdown of Guarantees - Among the approved guarantees, the amount guaranteed by the company for its controlling subsidiaries is 860 million yuan, with an actual guarantee balance of approximately 291 million yuan [1]. - The guarantees provided by the company and its subsidiaries to joint ventures and other third parties amount to about 369 million yuan, with an actual guarantee balance of around 116 million yuan [1].