Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-20 00:24Group 1 - The company approved a financing guarantee of 98 million yuan for its wholly-owned subsidiary, Tangshan Jidong Qixin Cement Co., Ltd., during board meetings held on March 26, 2025, and the annual shareholders' meeting on April 29, 2025 [1][3] - The subsidiary has signed two loan contracts with the Bank of China, Tangshan Branch, totaling 95 million yuan, with a loan term of 12 months [2] - The guarantee amount is within the approved limit from the shareholders' meeting, thus no further approval is required [3] Group 2 - The subsidiary, Tangshan Jidong Qixin Cement Co., Ltd., has a registered capital of 460 million yuan and was established on March 30, 2009 [4] - As of December 31, 2024, the subsidiary reported total assets of 1.037 billion yuan, total liabilities of 837.63 million yuan, and a net profit of -51.96 million yuan [4] - As of December 31, 2025, the subsidiary's total assets were 971.63 million yuan, total liabilities were 649.60 million yuan, and it achieved a net profit of 13.53 million yuan [4] Group 3 - The guarantee contract specifies that the company provides a joint liability guarantee for the loans, covering principal, interest, penalties, and other related costs [5] - The guarantee period lasts for three years after the main debt is settled, or three years after the last installment if the debt is paid in installments [5][6] Group 4 - The board of directors stated that the asset quality of the subsidiary is good, and the risk associated with the guarantee is controllable, ensuring no harm to the company or minority shareholders [8] - As of the announcement date, the company has provided a total of 368.11 million yuan in financing guarantees for its subsidiaries, which is 1.33% of the latest audited net assets attributable to shareholders [9]