禾丰股份：公司及控股子公司对外担保余额约22.65亿元

Group 1 - The company He Feng Co., Ltd. announced that as of November 30, 2025, the total external guarantees provided by the company and its subsidiaries amount to approximately 2.265 billion yuan, which represents 33.83% of the audited net assets as of December 31, 2024 [1] - The breakdown of guarantees includes approximately 1.593 billion yuan for guarantees to subsidiaries, accounting for 23.79% of the audited net assets; approximately 486 million yuan for guarantees to subsidiaries of subsidiaries, accounting for 7.26%; and approximately 186 million yuan for guarantees to joint ventures and farmers, accounting for 2.78% [1] - For the year 2024, the revenue composition of He Feng Co., Ltd. is as follows: grain and feed processing accounts for 38.44%, poultry industry accounts for 34.84%, raw material trading accounts for 15.36%, pig industry accounts for 10.19%, and related industries account for 1.02% [1] Group 2 - The market capitalization of He Feng Co., Ltd. is currently 6.7 billion yuan [2]