CHINA PHOENIX(SZ:000520) Zheng Quan Zhi Xing·2025-09-05 10:17Group 1 - The company plans to provide a guarantee for its wholly-owned subsidiary Shanghai Huatai Shipping Co., Ltd. to secure a credit line of 10 million yuan from Bank of China [1][6] - The guarantee is necessary due to Shanghai Huatai's asset-liability ratio exceeding 70%, requiring approval from the shareholders' meeting [1][6] - The board believes that this guarantee will support the subsidiary's business operations and is within the company's risk control capabilities [6][7] Group 2 - Shanghai Huatai Shipping Co., Ltd. has a registered capital of 30 million yuan and reported a net asset of 63.61 million yuan with a revenue of 395.53 million yuan and a net loss of 44.28 million yuan for 2024 [2][6] - The company has a total external guarantee amount of 40 million yuan, which does not include this new guarantee, representing 10.9% of the latest audited net assets [7]