TWH(SZ:002512) Shang Hai Zheng Quan Bao·2025-09-23 19:08Core Viewpoint - The company, Fuzhou Dahua Intelligent Technology Co., Ltd., has exceeded 100% of its latest audited net assets in external guarantees, indicating significant financial risk associated with its guarantee practices [1]. Summary by Sections 1. Overview of Guarantees - The company and its subsidiary, Fujian Haitiansilou Satellite Technology Co., Ltd. (referred to as "Haitian Satellite"), have approved a guarantee of 10 million yuan for another subsidiary, Fujian Wanjia Intelligent Technology Co., Ltd. (referred to as "Wanjia Intelligent"), effective for 12 months from the date of approval [1][2]. 2. Progress of Guarantees - Haitian Satellite has signed a "Maximum Guarantee Contract" and a "Credit Limit Contract" with Fujian Haixia Bank, providing a guarantee of 1 million yuan for Wanjia Intelligent's credit, which falls within the previously approved guarantee limits [2]. 3. Basic Information of the Guaranteed Party - Wanjia Intelligent was established on March 4, 2020, with a registered capital of 10 million yuan and operates in various technology sectors, including software development and artificial intelligence [3][4][5]. 4. Financial Status of Wanjia Intelligent - As of December 31, 2024, Wanjia Intelligent reported total assets of 160.41 million yuan, total liabilities of 54.0681 million yuan, and net assets of 106.3468 million yuan, resulting in an asset-liability ratio of 33.71% [5]. 5. Main Contents of the Guarantee Contract - The maximum amount guaranteed is set at 1 million yuan, covering principal, interest, penalties, and associated costs for debt recovery [7][8]. The guarantee is a joint liability guarantee and is effective for three years after the main contract's debt fulfillment period [9][10]. 6. Board of Directors' Opinion - The board believes that the financial risks associated with the guarantee for Wanjia Intelligent are manageable and within the company's control, supporting the subsidiary's operational funding needs and overall economic benefits [12]. 7. Cumulative External Guarantees - After this guarantee, the total guarantee amount by the company and its subsidiaries reaches 1.78 billion yuan, which is 430.27% of the audited net assets as of December 31, 2024. The total external guarantee balance is 501.9979 million yuan, accounting for 121.35% of the audited net assets [13].