YouFa(SH:601686) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-03 23:31Core Viewpoint - The company has announced its plan for providing guarantees for its subsidiaries in 2025, with a total guarantee amount not exceeding RMB 1,477,700 million, which includes new guarantees of up to RMB 363,459.40 million and the continuation of existing loans [2][3][12]. Group 1: Guarantee Plan Overview - The company held meetings on December 13 and December 30, 2024, to approve the guarantee plan for 2025, allowing for a total guarantee amount of RMB 1,477,700 million [3][11]. - From October 1 to October 31, 2025, the company will provide guarantees amounting to RMB 50,000 million for its subsidiaries [10][11]. - As of October 31, 2025, the total guarantee balance provided by the company will be RMB 458,235.43 million, which represents 58.37% of the company's latest audited net assets [10][28]. Group 2: Asset Pledge Details - The company plans to pledge its own assets with a book value of RMB 18,000 million from October 1 to October 31, 2025, and the cumulative pledged assets will total RMB 266,407.72 million, accounting for 33.94% of the company's latest audited net assets [2][6][7]. Group 3: Subsidiary Information - The company has several subsidiaries, including Handan Youfa Steel Pipe Co., Ltd., Jiangsu Youfa Steel Pipe Co., Ltd., and others, each with specific operational focuses and financial data [5][6][17][19]. - The financial performance of these subsidiaries varies, with some reporting net losses while others show profitability, indicating a diverse operational landscape [14][16][18][21][23]. Group 4: Board's Opinion - The board of directors believes that the guarantees are necessary for the normal operation of the subsidiaries and will not adversely affect the company's financial status or the interests of shareholders, particularly minority shareholders [7][27].