Shang Hai Zheng Quan Bao·2025-11-28 20:17Core Points - The company announced a total of 13 guarantees amounting to approximately 30.11 million RMB in October 2025 [1] - The company and its subsidiaries have an approved guarantee limit of up to 51.126 billion RMB for the year 2025, effective from January 1 to December 31, 2025 [2] - The guarantees provided include 50.301 billion RMB for subsidiaries with a debt-to-asset ratio above 70% and 0.825 billion RMB for those below [4] - The total guarantee amount from January to October 2025 is approximately 3.991 billion RMB, with bank credit guarantees accounting for about 2.253 billion RMB and performance guarantees for about 1.738 billion RMB [6] Guarantee Details - The company has completed the approval process for the guarantees in October 2025 within the previously set limits [3] - The guarantees are aimed at enhancing the company's competitive edge in market development and project contracting, aligning with the interests of all shareholders [6] - As of October 31, 2025, the total guarantee balance is approximately 44.887 billion RMB, representing 169.31% of the company's audited net assets as of December 31, 2024 [6]