Core Viewpoint - Daxuecheng announced the extension of a loan agreement with Ping An Bank, reflecting ongoing financial management strategies and the company's reliance on debt financing for real estate development [1][2]. Group 1: Loan and Guarantee Details - Daxuecheng's subsidiary, Chongqing Yuezhi Yu Real Estate Development Co., Ltd., applied for a loan of 750 million yuan from Ping An Bank in 2020, which has been extended for an additional 2.5 years [1]. - The current outstanding loan balance is 265 million yuan, which has been extended to September 29, 2028, with guarantees provided by Daxuecheng's subsidiaries [1]. - The guarantees involve equity pledges of 1% and 99% of the shares held by Chengdu Tianquan and Chongqing Yueqi, respectively [1]. Group 2: Financial Metrics - As of the completion of the guarantee, the total guarantee balance for the company and its subsidiaries is approximately 15.719 billion yuan, representing 148.35% of the audited net assets attributable to shareholders as of December 31, 2024 [2]. - The company has provided guarantees totaling about 12.502 billion yuan for its subsidiaries, which is 117.99% of the audited net assets [2]. - The revenue composition for Daxuecheng in the first half of 2025 includes 75.64% from residential sales and land development, 16.8% from investment properties, and smaller contributions from hotel operations and management services [2]. Group 3: Market Valuation - Daxuecheng's market capitalization is currently valued at 13.7 billion yuan [3].
大悦城:子公司为其控股子公司重庆悦致渝提供担保