STEP(SZ:002527) Shang Hai Zheng Quan Bao·2026-01-28 19:07Core Viewpoint - The company, Shanghai Xinshi Electric Co., Ltd., has provided guarantees to its subsidiaries, with the total amount exceeding 50% of its latest audited net assets, raising concerns about potential risks associated with these guarantees [2][13]. Summary of Guarantee Situation - The company approved a total guarantee amount of up to 1.05 billion RMB for its subsidiaries, including 500 million RMB for Shanghai Huitong Automation Technology Development Co., Ltd., 50 million RMB for Shanghai Xinshi Robot Co., Ltd., and 500 million RMB for Shanghai Xiaoa Engineering Technology Co., Ltd. [3][6]. - The guarantees can be adjusted among the subsidiaries based on actual needs, with a validity period of up to 12 months from the date of approval [3][6]. New Guarantees - The company signed a maximum guarantee contract with China Minsheng Bank for a principal amount of 200 million RMB for Shanghai Xiaoa [4]. - A separate guarantee contract was signed with Bank of China for a principal amount of 40 million RMB for Shanghai Huitong [4][10]. - An amendment to a previous guarantee contract with Shanghai Pudong Development Bank increased the principal amount from 50 million RMB to 90 million RMB for Shanghai Huitong [5][11]. Cumulative Guarantee Amounts - After the new guarantees, the total guarantee amount for the company and its subsidiaries reached 1.17 billion RMB, accounting for 93.67% of the latest audited net assets [13]. - The total outstanding guarantee balance is 1 billion RMB, which is 80.06% of the latest audited net assets [13].