Huafa Properties(SH:600325) Zhong Guo Zheng Quan Bao·2025-11-11 20:10Core Points - The company provided a full joint liability guarantee for its associate company, Huizhou Daya Bay Kangcheng Real Estate Development Co., Ltd., for a loan of up to RMB 1.7 billion [2][3] - The guarantee covers all loan principal, interest, penalties, and related costs, with a guarantee period of three years after the debt is fulfilled [2][3] - The company has already fulfilled its guarantee responsibility by paying RMB 303.35 million to the designated repayment account of the loan bank [3] Summary by Sections Guarantee Responsibility Overview - The company approved a guarantee plan for 2022 at its board meeting and annual shareholders' meeting [1] - The company holds an indirect 44.22% stake in Kangcheng Company, which signed a loan agreement with two banks for the development of residential projects [2] Guarantee Execution - Due to a downturn in the real estate market, Kangcheng Company is unable to repay RMB 303.35 million of the loan by the due date [3] - The company has executed its guarantee obligation by paying the overdue amount to the bank [3] Basic Information of the Guaranteed Entity - Kangcheng Company has total assets of RMB 7.01 billion and liabilities of RMB 2.43 billion as of September 30, 2025, with a net asset value of RMB 4.58 billion [5] - The company reported a net loss of RMB 21.55 million for the first three quarters of 2025 [5] Impact of Guarantee Execution on the Company - The company has established a receivable claim against Kangcheng Company due to the guarantee execution, which is not expected to significantly impact its normal operations [5] - The company will take measures to recover losses and protect the interests of itself and its investors [6]