ETERN(SH:600105) Shang Hai Zheng Quan Bao·2025-09-09 21:37Core Viewpoint - Jiangsu Yongding Co., Ltd. is providing guarantees for its subsidiaries to secure bank credit, with a total guarantee amount of 83.8 million RMB, which is essential for the subsidiaries' operational liquidity and business development [1][4][12]. Summary by Sections Guarantee Overview - The company signed a guarantee contract with China Construction Bank for its wholly-owned subsidiary Suzhou Jinting, providing a guarantee of 8 million RMB for a four-month bank credit [3]. - A guarantee of 10 million RMB was also signed with China Everbright Bank for Jiangsu Yongding Electric, with a one-year term [3]. - For the controlling subsidiary Jiangsu Yongding Taifu, a guarantee of 82 million RMB was provided to Bank of China for a one-year credit, with corresponding counter-guarantees from other shareholders [2][3]. Financial Details of Subsidiaries - Suzhou Jinting has total assets of 1.15676 billion RMB and a net profit of 61.74 million RMB for the year 2024 [5]. - Jiangsu Yongding Electric has total assets of 218.96 million RMB and a net profit of 4.13 million RMB for the year 2024 [6]. - Jiangsu Yongding Taifu has total assets of 1.00695 billion RMB and a net profit of 97.56 million RMB for the year 2024 [8]. Necessity and Reasonableness of Guarantees - The board of directors believes that providing guarantees for subsidiaries is a normal business operation, ensuring their liquidity needs and supporting daily operations without harming shareholder interests [12]. Total External Guarantees - The total external guarantees provided by the company and its subsidiaries amount to 396.57 million RMB, which is 86.41% of the company's latest audited net assets [13].