TRS(SZ:002567) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-19 06:21Core Viewpoint - The company has approved a guarantee limit of up to 8.65 billion yuan for 2025, which can be used for various financing activities, with a validity period from January 1, 2025, to December 31, 2025 [1][5]. Group 1: Guarantee Details - The approved guarantee includes provisions for the company to provide guarantees for its subsidiaries, and vice versa, as well as mutual guarantees among subsidiaries [2]. - The guarantee scope encompasses bank loans, financing leases, factoring, and performance guarantees, utilizing various guarantee methods such as joint liability guarantees, credit guarantees, and asset pledges [2]. Group 2: Guarantee Progress and Financials - As of September 30, 2025, the total guarantee amount provided by the company and its subsidiaries to consolidated entities is 4.05 billion yuan, representing 68.84% of the company's audited net assets as of the end of 2024 [5]. - The total guarantee amount provided to non-consolidated entities is 976.12 million yuan, accounting for 16.58% of the company's audited net assets as of the end of 2024, with overdue guarantees amounting to 182.45 million yuan [5]. - The overdue guarantees are primarily related to a subsidiary, Hunan Dano Financing Guarantee Co., Ltd., which is actively pursuing recovery through collection and litigation measures, and has set aside risk reserves for the guarantee business, indicating that the guarantee risks are generally controllable [5].