STEP(SZ:002527) Xin Lang Cai Jing·2025-09-26 07:46Core Viewpoint - Shanghai New Times Electric Co., Ltd. has announced the progress of guarantees for its subsidiary, indicating a commitment to support its operations through financial backing [1] Group 1: Guarantee Details - The company has approved a guarantee limit of up to 1.05 billion yuan for its subsidiaries, with 500 million yuan specifically allocated for Weitong Technology [1] - A guarantee agreement has been signed with China Merchants Bank Shanghai Branch, providing a joint liability guarantee for a credit limit of 50 million yuan for Weitong Technology [1] - After this guarantee, Weitong Technology has a remaining credit limit of 260 million yuan, and the total guarantee amount for the company reaches 500 million yuan [1] Group 2: Financial Metrics - The total guarantee amount for the company and its holding companies is 1.71 billion yuan, which represents 136.90% of the net assets [1] - The external guarantee balance stands at 930 million yuan, accounting for 74.46% of the total [1]