荣盛发展：公司实际担保总额为441.46亿元

Core Viewpoint - Rongsheng Development has significant financial obligations, with total guarantees amounting to 44.146 billion yuan, which is 297.17% of the company's latest audited net assets [1] Financial Obligations - The actual guarantee amount provided by the company and its subsidiaries to external units is 7.755 billion yuan, representing 52.2% of the company's latest audited net assets [1] - The overdue guarantee amount stands at 12.488 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Rongsheng Development is as follows: real estate accounts for 87.71%, property management for 7.99%, hotel operations for 1.98%, industrial parks for 1.56%, and other industries for 0.75% [1] Market Capitalization - As of the report date, the market capitalization of Rongsheng Development is 7.1 billion yuan [1]