SANMU GROUP(SZ:000632) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-04 22:48Summary of Key Points Core Viewpoint - Fujian Sanmu Group Co., Ltd. plans to provide a guarantee for Fuzhou Huaxin Industrial Co., Ltd. to support its credit application of 10 million yuan from Fujian Strait Bank for a term of 5 years [3][7]. Group 1: Guarantee Overview - Fuzhou Huaxin Industrial Co., Ltd. will receive a credit limit of 10 million yuan, with Fujian Sanmu Group providing joint liability guarantee and its subsidiary offering property as collateral [3][7]. - The collateral includes commercial properties located in Fuzhou, with rental income and accounts receivable pledged as additional security [3][7]. - The guarantee has been approved by the company's board and will require shareholder approval [3][12]. Group 2: Financial and Operational Status of Huaxin Industrial - Huaxin Industrial has a registered capital of 25 million yuan and is primarily engaged in the sale of various metal and non-metal products [4][5]. - As of December 31, 2024, Huaxin Industrial reported total assets of approximately 383.89 million yuan and net assets of about 273.26 million yuan, with a net profit of approximately 19.89 million yuan for the year [6]. - The company has a healthy financial structure, with no overdue loans reported [7]. Group 3: Current Guarantee Situation - As of February 4, 2026, the total amount of guarantees provided by the company and its subsidiaries exceeds 9 million yuan, with a significant portion of guarantees exceeding 412.26% of the company's latest audited net assets [8]. - There are no overdue guarantees among the total guarantees provided [8]. Group 4: Board Meeting and Shareholder Meeting - The board meeting to discuss the guarantee was held on February 4, 2026, with all members present and the resolution passed unanimously [11][13]. - A temporary shareholder meeting is scheduled for February 24, 2026, to approve the guarantee proposal [14][20].