Shennong Group(SH:605296) Shang Hai Zheng Quan Bao·2025-11-14 19:15Core Viewpoint - The announcement details the external guarantee situation of Yunnan Shennong Agricultural Industry Group Co., Ltd. as of October 2025, highlighting the total guarantee amounts provided for subsidiaries and the rationale behind these guarantees [1][11]. Summary by Sections Guarantee Objects and Basic Situation - The company provided guarantees for three subsidiaries' financing, with a new guarantee amount of 16.07 million yuan in October 2025, totaling 249.39 million yuan as of October 31, 2025 [1]. - The company also provided guarantees for six subsidiaries' raw material procurement, with a new guarantee amount of 30 million yuan, totaling 235.50 million yuan as of October 31, 2025 [1]. Cumulative Guarantee Situation - The company approved a total guarantee limit of up to 2.51 billion yuan for 2025, including 1.96 billion yuan for bank loans, 400 million yuan for raw material procurement, 100 million yuan for product performance guarantees, and 50 million yuan for customers and cooperative farmers [4]. Internal Decision-Making Process - The guarantees were approved by the board meeting on April 25, 2025, and the annual shareholders' meeting on May 20, 2025 [3]. Guarantee Progress in October 2025 - No new guarantees were provided for customers and cooperative farmers in October 2025, with a total guarantee balance of 307,200 yuan [7]. - The company provided a new guarantee of 30 million yuan for subsidiaries' raw material procurement, with a total balance of 235.50 million yuan as of October 31, 2025 [9]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the daily operations of subsidiaries, aligning with the company's overall interests and development strategy [10]. - The company has established strict screening standards and risk prevention measures for the guarantees, ensuring that the risks are controllable [10]. Board of Directors' Opinion - The board believes that the guarantees are based on the actual needs of the subsidiaries, which have strong repayment capabilities, thus supporting the financing and procurement processes [10]. Cumulative External Guarantee Amount and Overdue Guarantees - As of October 31, 2025, the total external guarantee balance was 796.16 million yuan, accounting for 16.48% of the company's latest audited net assets [11]. - The overdue amount within the external guarantees was 30,720 yuan, with measures in place to mitigate risks [12].