STEP(SZ:002527) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-27 00:41Core Viewpoint - The company has disclosed significant external guarantees exceeding its audited net assets, raising concerns about potential risks associated with these guarantees [2][4]. Summary by Sections 1. Overview of Guarantees - The company has approved a total external guarantee amount not exceeding 1.05 billion RMB for its subsidiaries, with specific allocations of up to 500 million RMB for Shanghai Huitong Automation Technology Development Co., Ltd. and up to 50 million RMB for Shanghai Xinshi Robot Co., Ltd. [3] - The guarantee period is valid for up to 12 months from the date of approval by the shareholders' meeting, and the actual guarantee amounts will be determined by the final signed contracts [3]. 2. New External Guarantee Situation - The company signed an irrevocable guarantee agreement with China Merchants Bank Shanghai Branch, providing a guarantee of 50 million RMB for Huitong Technology [4]. - After this guarantee, the total guarantee balance for Huitong Technology will be 500 million RMB, with a remaining balance of 260 million RMB available for future use [4]. 3. Main Content of the Guarantee Agreement - The guarantor is Shanghai Xinshi Electric Co., Ltd., and the guarantee covers the principal balance of loans and related fees up to 50 million RMB [5][6]. - The guarantee responsibility period extends from the effective date of the guarantee until the maturity date of each loan or financing, plus an additional three years [6]. 4. Cumulative External Guarantee Amounts - After this guarantee, the total external guarantee amount for the company and its subsidiaries is 1.71 billion RMB, which is 136.90% of the latest audited net assets [6]. - The total external guarantee balance is 930 million RMB, accounting for 74.46% of the latest audited net assets [6].