SANHE(SZ:003037) Shang Hai Zheng Quan Bao·2025-12-09 19:48Overview - The core point of the announcement is that Guangdong Sanhe Pile Co., Ltd. has approved a comprehensive credit limit and provided guarantees for its subsidiaries, including those with high debt ratios [3][4]. Group 1: Guarantee Situation - The company has approved a comprehensive credit limit of up to RMB 745.3 million and USD 9 million for 2025, which can be used cyclically [3]. - The total guarantee amount provided by the company and its subsidiaries is expected to be no more than RMB 245.9 million, with specific allocations for subsidiaries with debt ratios over 70% and those below [3]. - The company will provide guarantees of RMB 64.9 million for subsidiaries with debt ratios exceeding 70% and RMB 181 million for those below this threshold [3]. Group 2: Guarantee Progress - Recently, the company signed a "Maximum Guarantee Contract" with the Industrial and Commercial Bank of China for its subsidiary Suzhou Sanhe Pile Co., Ltd., with a maximum guaranteed debt amount of RMB 11 million [4][6]. Group 3: Guarantee Details - The creditor is the Industrial and Commercial Bank of China, and the debtor is Suzhou Sanhe Pile Co., Ltd., with Guangdong Sanhe Pile Co., Ltd. acting as the guarantor [6]. - The guarantee method is a joint liability guarantee, covering the principal debt and associated costs [6][7]. Group 4: Cumulative Guarantee Amount - As of the announcement date, the total guarantee amount for the company and its subsidiaries is RMB 245.9 million, with a total outstanding guarantee balance of RMB 56.60733 million, representing 20.54% of the company's latest audited net assets [7]. - There are no overdue guarantees or guarantees involved in litigation [7].