BGE(SH:603588) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-02 23:46Core Viewpoint - The company has approved a total external guarantee amount not exceeding 2,438.8 million yuan for the year 2025, with specific allocations for subsidiaries based on their debt-to-asset ratios [2][14]. Group 1: Guarantee Details - The company will provide new guarantees for subsidiaries including Jinzhai Hongwei, Jinchang Gaoneng, Gaoneng Zhongse, and Gaoneng Pengfu, with a total expected new guarantee amount of 890 million yuan for 2025 [1][2]. - The expected new guarantee amount for subsidiaries with a debt-to-asset ratio below 70% is 527.58 million yuan, while for those above 70%, it is 362.42 million yuan [2][13]. - The guarantees will be effective for a period of 12 months starting from June 5, 2025 [2]. Group 2: Guarantee Agreements - The company acts as the guarantor for various subsidiaries, with specific agreements detailing the guarantee amounts, which include 1 million yuan for Zhongxin Hongwei, Jinzhai Hongwei, and Anhui Zhongyue, and up to 30 million yuan for Jinchang Gaoneng [4][5][8]. - The guarantee agreements include provisions for joint liability and cover all debts, including principal, interest, penalties, and legal fees [4][5][8][11]. - The company has also secured counter-guarantees from certain shareholders of the subsidiaries, ensuring additional security for the guarantees provided [6][7][10][11]. Group 3: Financial Metrics - As of September 1, 2025, the actual external guarantee balance provided by the company and its subsidiaries is 922.3 million yuan, which represents 101.96% of the company's latest audited net assets attributable to shareholders [14]. - The total approved external guarantee amount is 1,276.88 million yuan, accounting for 141.15% of the company's latest audited net assets [14]. - The company has not provided any guarantees to controlling shareholders or related parties [14].