Chiway(SZ:002374) Xin Lang Cai Jing·2026-02-24 17:17Core Viewpoint - The company, Shandong Zhongrui Industrial Development Co., Ltd., has provided a guarantee for its wholly-owned subsidiary Chengdu Haichuan Packaging Co., Ltd. to secure a loan for operational needs, which is within the approved guarantee limits set by the board and shareholders [1][3][8]. Group 1: Guarantee Overview - The company has signed a guarantee contract for a loan of RMB 7.2 million for Chengdu Haichuan, which is necessary for its daily operations [3][7]. - The total amount of guarantees provided by the company and its subsidiaries exceeds 100% of the latest audited net assets, with a significant portion allocated to subsidiaries with a debt-to-asset ratio exceeding 70% [2][9]. Group 2: Financial Status of the Guaranteed Entity - As of December 31, 2024, Chengdu Haichuan had total assets of RMB 221.99 million, total liabilities of RMB 113.40 million, and net assets of RMB 108.59 million, with an operating income of RMB 141.71 million and a net profit of RMB 8.13 million [5]. - As of September 30, 2025, the financial status showed total assets of RMB 178.33 million, total liabilities of RMB 71.80 million, and net assets of RMB 106.53 million, with an operating income of RMB 84.78 million but a net loss of RMB 2.06 million for the first nine months [6]. Group 3: Board's Opinion - The board believes that the guarantee for Chengdu Haichuan is a normal business activity to meet the subsidiary's financing needs and will not affect the company's ongoing operational capability or harm the interests of shareholders [8]. Group 4: Cumulative Guarantee Amount - As of the announcement date, the company and its subsidiaries have a total approved guarantee amount of RMB 1.3 billion, with a balance of RMB 947 million, which represents 101.07% of the latest audited net assets [9].