Shenyang Cuihua Gold and Silver Jewelry (SZ:002731) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-18 04:13Core Viewpoint - The company, Shenyang Cuihua Gold and Silver Jewelry Co., Ltd., has provided guarantees for its wholly-owned subsidiary, Shenzhen Cuihua Jewelry Co., Ltd., exceeding 50% of the latest audited net assets, which requires investor attention to related risks [2]. Group 1: Guarantee Overview - The company has provided a joint liability guarantee for a credit limit of 75 million RMB to Jiangsu Bank's Shenzhen branch for its subsidiary, Shenzhen Cuihua [3]. - Additionally, the company has provided a joint liability guarantee for a new credit limit of 100 million RMB to Guangdong Huaxing Bank's Shenzhen branch for the same subsidiary [3]. Group 2: Approval Process - The guarantees were approved by the company's sixth board of directors and the fifth extraordinary general meeting of shareholders in December 2024, and by the eleventh board meeting and the fourth extraordinary general meeting in September 2025 [4]. Group 3: Subsidiary Information - Shenzhen Cuihua Jewelry Co., Ltd. was established on February 23, 2009, with a registered capital of 150 million RMB and operates in the jewelry and precious metals sector [5][6]. - As of December 31, 2024, the subsidiary had total assets of 2.23673 billion RMB, total liabilities of 1.29838 billion RMB, and net assets of 938.35 million RMB, with a net profit of 130.93 million RMB for the year [7]. Group 4: Guarantee Agreement Details - The guarantee to Jiangsu Bank is for 75 million RMB with a term lasting until three years after the debt fulfillment period [9]. - The guarantee to Guangdong Huaxing Bank is for 100 million RMB with a term lasting until two years after the debt fulfillment period [10]. Group 5: Board Opinion - The board believes that providing guarantees for Shenzhen Cuihua is beneficial for the subsidiary's operational needs and aligns with the company's overall interests, with risks considered manageable [11]. Group 6: Total Guarantee Amount - The company currently has no external guarantees, and after these guarantees, the total balance of guarantees to subsidiaries will be 1.60807 billion RMB, which represents 93.95% of the latest audited net assets [12].