LHM(SZ:002535) Shang Hai Zheng Quan Bao·2025-09-09 21:20Core Viewpoint - Linzhou Heavy Machinery Group Co., Ltd. has announced that its wholly-owned subsidiary will provide a guarantee for the company's financing activities, which raises concerns regarding the company's external guarantee balance exceeding its audited net assets [2][3]. Summary of Guarantee Situation - The company signed a loan agreement with Zhongyuan Bank for an amount of 17.75 million yuan, with a one-year term, and its wholly-owned subsidiary Linzhou Heavy Machinery Casting and Forging Co., Ltd. will provide a joint liability guarantee [3]. - The company has approved a total guarantee limit of up to 1 billion yuan for its subsidiaries, valid for 12 months from the date of shareholder meeting approval [3]. Basic Information of the Guaranteed Party - The guaranteed party is Linzhou Heavy Machinery Group Co., Ltd., established on May 8, 2002, with a registered capital of 816.37 million yuan, located in Linzhou City, Henan Province [4]. Recent Financial Data - The financial data for 2024 has been audited, while the data for 2025 is unaudited [5]. Guarantee Agreement Details - The guarantor is Linzhou Heavy Machinery Casting and Forging Co., Ltd., the guaranteed party is Linzhou Heavy Machinery Group Co., Ltd., and the creditor is Zhongyuan Bank, with a guarantee amount of 17.75 million yuan for one year [6]. Cumulative External Guarantee Status - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is 1.0718184 billion yuan, which is 168.18% of the company's latest audited net assets. The guarantees provided by wholly-owned subsidiaries amount to 480.37 million yuan, accounting for 75.38% of the audited net assets [6].