TRUCHUM(SZ:002171) Sou Hu Cai Jing·2025-11-18 05:46Summary of Key Points Core Viewpoint The company, Anhui Chuangjiang Technology New Materials Co., Ltd., has approved a series of guarantees for its subsidiaries to secure bank credit lines, totaling up to 1,080 million yuan. This move aims to support the subsidiaries' operational needs and enhance their financing capabilities. Group 1: Guarantee Overview - The company has approved guarantees for its wholly-owned subsidiaries, including Anhui Chuangjiang High-Precision Copper Strip Co., Ltd., Qingyuan Chuangjiang High-Precision Copper Strip Co., Ltd., and Wuhu Chuangjiang Alloy Copper Material Co., Ltd., to apply for bank credit lines totaling 1,080 million yuan [2][3]. - Specific guarantees include 275 million yuan for Anhui Chuangjiang High-Precision Copper Strip, 145 million yuan for Qingyuan Chuangjiang High-Precision Copper Strip, and 85 million yuan for Wuhu Chuangjiang Alloy Copper Material [2][3]. Group 2: Guarantee Progress - The company has signed a guarantee contract with Yangzi Rural Commercial Bank for a credit line of 10 million yuan for Anhui Chuangjiang High-Precision Copper Strip, increasing the total guarantee amount for this subsidiary to 222.5 million yuan [4]. - For Qingyuan Chuangjiang High-Precision Copper Strip, the company has signed guarantee contracts with multiple banks, including a 5 million yuan guarantee with Bank of China and a 10 million yuan guarantee with China Construction Bank, raising the total guarantee amount to 124.4 million yuan [5][6]. - The company has also provided guarantees for Wuhu Chuangjiang Alloy Copper Material, increasing its total guarantee amount to 62.9 million yuan [6]. Group 3: Financial Health of Subsidiaries - Anhui Chuangjiang High-Precision Copper Strip has an asset-liability ratio of 48.19% as of September 30, 2025, indicating a stable financial position [9]. - Qingyuan Chuangjiang High-Precision Copper Strip has a higher asset-liability ratio of 65.82%, reflecting its financial structure [12]. - Wuhu Chuangjiang Alloy Copper Material has an asset-liability ratio of 61.34%, suggesting a solid financial foundation [18]. Group 4: Board Approval and Rationale - The guarantees were approved in the company's board meetings and are deemed necessary to meet the operational funding needs of the subsidiaries, thereby facilitating their growth and stability [37]. - The board has assessed the subsidiaries' asset quality, operational status, and creditworthiness, concluding that the risks associated with these guarantees are manageable [37][38].