Hymson(SH:688559) Zheng Quan Zhi Xing·2025-09-04 09:11Core Viewpoint - The company plans to provide financial assistance to its subsidiary, Xingneng Maoye, with a total amount of up to 100 million RMB to support its rapid development and alleviate financing difficulties [1][2][6] Summary by Sections Financial Assistance Overview - The company has approved a financial assistance plan to provide up to 80 million RMB to Xingneng Maoye, which can be rolled over within a 36-month period [1][2] - The financial assistance amount has been increased to 100 million RMB to further support the subsidiary's growth [2] Related Party Information - The company's chairman and general manager, Zhao Shengyu, and the vice general manager, Zhou Yuchao, are considered related parties due to their shareholding in Xingneng Maoye [2][3] - Both individuals are not listed as dishonest executors and have no other significant relationships with the company [3] Subsidiary Information - Xingneng Maoye's total assets as of June 30, 2025, were 1,157.165 million RMB, with total liabilities of 1,284.122 million RMB, resulting in a negative net asset of -126.957 million RMB [3] - The subsidiary's revenue for the first half of 2025 was reported at 1,014.77 million RMB, with a net loss of 2,188.96 million RMB [3] Necessity and Impact of Financial Assistance - The financial assistance is aimed at meeting the operational funding needs of Xingneng Maoye and is expected to enhance the efficiency of the company's capital utilization [6] - The company maintains effective control over the subsidiary's operations and financial management, ensuring the safety of funds [6] Approval Process - The financial assistance proposal has been reviewed and approved by the independent directors, the board of directors, and the supervisory board, with related directors abstaining from voting [7][8] - The proposal is set to be submitted for shareholder approval [7][8]