密尔克卫：，公司及其子公司对外担保余额约46.08亿元

Group 1 - The company, Milkwater (SH 603713), announced that as of the disclosure date, the total external guarantee balance of the company and its subsidiaries is approximately RMB 4.608 billion, which accounts for 106.72% of the company's most recent audited net assets attributable to shareholders [1][1][1] - For the first half of 2025, the revenue composition of Milkwater is as follows: logistics accounts for 51.39%, trading accounts for 48.08%, and other businesses account for 0.53% [1][1][1] - As of the time of reporting, Milkwater has a market capitalization of RMB 9.5 billion [1][1][1]