光明乳业：拟向全资子公司的参股公司提供担保5880万元

Core Viewpoint - The company, Bright Dairy, announced a loan application by its subsidiary, Jiangsu Yinbao Bright Dairy, to Shanghai Rural Commercial Bank for 120 million RMB, aimed at funding feed purchases and operational liquidity, with the company providing a guarantee proportional to its shareholding [1][2]. Group 1: Loan and Guarantee Details - Jiangsu Yinbao Bright Dairy is applying for a one-year working capital loan of 120 million RMB with an interest rate below 2.3% [1]. - Bright Dairy holds a 49% stake in Jiangsu Yinbao Bright Dairy and will provide a guarantee of 58.8 million RMB [1]. - The total external guarantee balance after this loan will be approximately 698 million RMB, representing 7.37% of the company's latest audited net assets [2]. Group 2: Financial Composition - For the year 2024, Bright Dairy's revenue composition is as follows: dairy products account for 90.44%, other businesses for 4.85%, livestock for 4.22%, and miscellaneous for 0.5% [2]. Group 3: Market Capitalization - As of the latest report, Bright Dairy's market capitalization stands at 11.3 billion RMB [3].