Digital China(SZ:000034) Sou Hu Cai Jing·2025-12-11 23:12Core Viewpoint - The company has approved a series of resolutions regarding the provision of guarantees for its subsidiaries, with a total expected guarantee amount of up to 680 billion RMB, reflecting a strategic approach to support its subsidiaries based on their financial health [3][4]. Group 1: Guarantee Approvals - The company and its subsidiaries are authorized to apply for credit or performance obligations from banks and suppliers, with specific limits set for subsidiaries based on their asset-liability ratios [3]. - The approved guarantee limits include 25 billion RMB for subsidiaries with an asset-liability ratio below 70% and 655 billion RMB for those above 70%, with a total expected guarantee amount of 680 billion RMB [4]. - The company has signed guarantee contracts with various banks, including a 3 billion RMB guarantee for Beijing Shenzhou Digital Co., Ltd. and a 2 billion RMB guarantee for Beijing Shenzhou Digital Cloud Technology Co., Ltd. [5]. Group 2: Financial Data and Risk Management - As of the latest announcement, the total amount of external guarantees provided by the company and its subsidiaries is 657.11 billion RMB, with no overdue guarantees or litigation involved [6]. - The actual utilization of external guarantees is 278.49 billion RMB, which represents 301.23% of the company's most recent audited net assets [6]. - Guarantees for subsidiaries with an asset-liability ratio below 70% total 13.61 billion RMB, while those above 70% total 609.67 billion RMB [6].