韶能股份：拟为控股子公司提供约3.94亿元担保

Group 1 - The company announced plans to apply for a syndicated loan of approximately RMB 493 million to optimize financing structure and reduce interest rates [1] - The company will provide a joint liability guarantee of up to approximately RMB 394 million based on its shareholding ratio, and the subsidiary will offer pledges using its accounts receivable [1] - As of September 30, 2025, the company's external guarantee balance was approximately RMB 3.405 billion, accounting for 67.13% of the net assets attributable to the parent company [1] Group 2 - For the first half of 2025, the company's revenue composition was as follows: electricity 38.09%, paper and paper products 35.81%, machinery 17.19%, others 5.66%, and heat supply 3.24% [2] - The company's market capitalization is currently valued at RMB 5.3 billion [2]