山东墨龙石油机械股份有限公司（以下简称"公司"）第八届董事会第七次临时会议于2025年9月19日以 书面、电话或电子邮件等方式发出会议通知，于2025年9月29日在公司会议室以通讯方式召开。会议由 公司董事长韩高贵先生主持，会议应到董事9名，实到董事9名，公司部分监事和高级管理人员列席了本 次会议。本次会议的召开符合《公司法》和《公司章程》的有关规定，合法有效。 二、董事会会议审议情况 与会董事就相关议案进行了审议、表决，并通过以下决议： 1、以9票同意、0票反对、0票弃权的结果，审议通过了《关于开展融资租赁业务的议案》 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002490 证券简称：山东墨龙 公告编号：2025-055 山东墨龙石油机械股份有限公司 第八届董事会第七次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 为盘活存量资产，提高资产使用价值，增强资产流动性，拓展公司融资渠道，公司拟以所拥有的部分机 器设备作为租赁标的物，与诚泰融资租赁（天津）有限公司开展售后回租融资业务，融资金额不超过人 民 ...

Financial Performance (2Q 2025) - Revenues reached $87.1 million[10], with an operating income of $22.2 million[10] and a net income of $6.8 million[10] - Adjusted EBITDA stood at $51.6 million[10] - Available liquidity as of June 30, 2025, was $104.8 million, including $66.3 million in cash and cash equivalents and $38.5 million in undrawn credit facility, increased by $4.0 million since March 31, 2025[10] Fleet and Operations - Fleet operated with 100% utilization, or 96.8% overall when considering scheduled drydockings[10] - The company purchased the Daqing Knutsen on July 2, 2025, for a net cash cost of $24.8 million[14], which included $95 million less $70.5 million of outstanding debt plus $0.3 million of capitalized fees[14] Contractual Agreements and Extensions - Repsol Sinopec exercised their option to extend their time charter on the Raquel Knutsen for three years, until June 2028[11] - Agreement was reached with Shell to extend the term of the current time charter for the Hilda Knutsen by 3 months firm (to June 2026) plus a further 9 months at our option (to March 2027)[16] - Agreement was reached with Equinor to extend the term of the current time charter for the Bodil Knutsen to a fixed term ending in March 2029, followed by two charterer's options each of one year[18] Capital Allocation - A common unit buyback program was established on July 2, 2025, with a capacity for $10 million of purchases over the subsequent 12 months[15] - By September 25, 2025, 226k common units had been repurchased at an aggregate cost of $1.64 million, at an average price of $7.24 per common unit[15] - Refinancing of the Tove Knutsen was completed on September 16, 2025, via sale & leaseback generating $32 million of net proceeds[16] Forward-Looking Statements and Backlog - Contractual backlog expanded to $895 million of fixed contracts averaging 2.6 years, with charterers' options averaging a further 4.2 years (as at June 30, 2025)[26]

Group 1 - The core point of the article is that China Chengtong Development Group has entered into a sale and leaseback agreement with a lessee, which involves the purchase and leasing back of coal-to-olefin production equipment [1] - The leasing period is set for 3 years, with the option for early termination based on the terms and conditions of the sale and leaseback agreement [1] - The leased assets include critical production equipment such as torch systems, power systems, and separation towers [1]

Core Viewpoint - In 2025, Guangzhou Haozhi Electromechanical Co., Ltd. has made progress in its financing leasing business by signing a sale-leaseback contract with Far East International Financial Leasing Co., Ltd. for 33 million yuan, with a term of 24 months [1] Group 1 - The company aims to revitalize assets and expand financing channels to meet its funding and operational development needs, without affecting normal production and operations [1] - The company's wholly-owned subsidiary, Yueyang Xianlong Electric Motor Co., Ltd., provides joint guarantee responsibility for this business [1] - As of the announcement date, the company has a total external guarantee balance of 161.4 million yuan, and after this guarantee, the cumulative external guarantee amount reaches 194.4 million yuan, accounting for 16.34% of the latest audited net assets attributable to shareholders of the listed company [1]

Financial Data and Key Metrics Changes - Total assets increased to $242 million, up $63.6 million or 36% as of June 30, 2025, compared to $178.4 million from December 31, 2024 [16] - Property and equipment rose to $199.2 million, an increase of $62 million or 45% from $137.2 million at December 31, 2024 [16] - Luxe Fire Suite and Aikman club sales reached $61.3 million through June 30, 2025, up $15.5 million or 34% from $45.8 million [17] - Total revenue for the three months ended June 30, 2025, was $4.5 million, a 7% increase or $312,000 compared to the same period in 2024 [17] - Total revenue for the six months ended June 30, 2025, was $8 million, a decrease of 2% or $128,000 compared to $8.1 million for the same period in 2024 [18] Business Line Data and Key Metrics Changes - Amphitheater operations generated net revenue of $598,000 for the three months ended June 30, 2025, and $769,000 for the six months ended June 30, 2025 [19] - Ford Amphitheater generated gross receipts of $4.7 million from 10 shows through June 30, 2025 [19] - Food and beverage sales increased by $1.09 per head or 9% versus the full season of 2024 [23] Market Data and Key Metrics Changes - The municipal pipeline includes 38 communities engaged in discussions about bringing venues to their areas [8] - The company expects to add between $150 million to $300 million to its balance sheet with each delivered development agreement [8] Company Strategy and Development Direction - The company is focused on four priorities: expanding markets, completing current developments, growing fire pit suite sales, and unlocking strategic value through high-value opportunities [6] - A significant opportunity for sale leaseback is expected to generate $188 million and a development profit of approximately $35 million in Q4 2025 [13] - The company aims to add more than $5 billion in completed project value over the next 36 to 48 months [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the foundation set for future growth, with operational profit expected in Q3 2026 and development profit in Q4 2025 [14] - The company is excited about the momentum in various aspects of the business, including fractional ownership programs and new market expansions [30] Other Important Information - The company is actively testing menu innovations and rolling out fresh sales strategies to enhance guest experiences and improve margins [21][24] - The focus for the remainder of 2025 includes scaling guest spend drivers and enhancing local community connections [24] Q&A Session Summary Question: Can you talk about any of the drivers that you see going forward in that momentum? - Management highlighted excitement about the strong performance of fractional ownership programs and the engagement with 38 communities, expecting new deals every quarter [30]

Overview - Shaanxi Jinye Science and Education Group Co., Ltd. approved a comprehensive credit limit of up to RMB 4 billion or equivalent foreign currency from banks and financial institutions during its board meeting and annual shareholders' meeting [2] - The company will provide guarantees for this credit limit, which includes various forms such as joint liability guarantees, mortgages, and pledges [2] - The authorization for signing relevant legal documents related to financing and guarantees is granted to the chairman and president, Yuan Hanyuan, until the next annual shareholders' meeting [2] Financing Details - The wholly-owned subsidiary, Xi'an Mingde Polytechnic, has secured financing of RMB 60 million through a sale-leaseback arrangement with Jiangsu Financial Leasing Co., Ltd. for a term of three years [4] - The financing is guaranteed by the company, and it does not constitute a related party transaction as per the Shenzhen Stock Exchange regulations [4] Transaction Counterparty Information - Jiangsu Financial Leasing Co., Ltd. is a joint-stock company with a registered capital of RMB 579.32 million, established on April 23, 1988, and is located in Nanjing [5] Asset and Financial Information - As of December 31, 2024, Mingde Polytechnic had total assets of RMB 2.607 billion, total liabilities of RMB 2.017 billion, and net assets attributable to the parent company of RMB 589.92 million [7] - As of March 31, 2025, the total assets were RMB 2.627 billion, total liabilities were RMB 2.019 billion, and net assets attributable to the parent company were RMB 608.03 million [7] Guarantee Information - The company provides a joint liability guarantee for the financing of Mingde Polytechnic, with a maximum guarantee amount of RMB 60 million and a guarantee period of three years [7] - The actual guarantee balance of the company and its subsidiaries is RMB 1.854 billion, which is approximately 102.58% of the latest audited net assets [7] Reference Documents - The financing lease contract and guarantee contract have been signed and are available for review [8]

Core Viewpoint - The company is proposing a guarantee for a financing lease agreement involving its subsidiary, Luoyang Yian Mining Co., Ltd, to support its operational needs and long-term development [2][4]. Group 1: Company Overview - Henan Dayou Energy Co., Ltd. is holding a shareholder meeting on July 18, 2025, to discuss various agenda items, including a proposal for a guarantee related to financing leasing [1]. - Luoyang Yian Mining Co., Ltd., a subsidiary of the company, was established on February 21, 2006, with a registered capital of 332.5985 million yuan [2][3]. Group 2: Financial Data - For the fiscal year 2024, Luoyang Yian Mining reported an audited revenue of 501.938 million yuan and a net profit of 2.8482 million yuan [2]. - For the first quarter of 2025, the unaudited revenue was 114.3382 million yuan, with a net profit of 11.5244 million yuan [2]. - As of March 31, 2025, the total assets of Luoyang Yian Mining were 752.0218 million yuan, and the net assets were -156.0971 million yuan [3]. Group 3: Financing Lease and Guarantee Details - The financing lease agreement involves a total amount of 100 million yuan with a term of 36 months and an interest rate of 4.5%, with specific repayment schedules outlined [3][4]. - The company will provide an irrevocable joint liability guarantee for the financing lease, covering all obligations of Luoyang Yian Mining to the lessor, Xi'an Huasheng Leasing [3][4]. - The guarantee period will last until two years after the lease contract's expiration, with Wanji Holdings providing counter-guarantees based on its shareholding in Luoyang Yian Mining [3][4]. Group 4: Necessity and Feasibility of the Guarantee - The guarantee is deemed necessary to support the operational and developmental needs of Luoyang Yian Mining, aligning with the company's overall interests and strategic goals [4]. - The company maintains effective control over Luoyang Yian Mining's operations, finances, and investments, ensuring manageable risk associated with the guarantee [4]. - The decision-making process for the guarantee complies with relevant laws and regulations, ensuring no harm to the interests of the company or its shareholders [4]. Group 5: Current Guarantee Status - As of now, the company has a total external guarantee balance of 420 million yuan, which accounts for 7.42% of the latest audited net assets, all of which are guarantees for subsidiaries without any overdue guarantees [4].

Financial Data and Key Metrics Changes - The company reported GAAP net income of $643 million and earnings per share (EPS) of $3.48 for Q1 2025, with adjusted net income of $679 million and adjusted EPS of $3.68, leading to an increase in full-year EPS guidance [5][13][18] - The net maintenance contribution was $82 million, significantly higher than the average of $30 million to $40 million due to lower leasing expenses [14] - The net gain on sale of assets was $177 million, with total sales revenue of $683 million, resulting in a 35% unlevered gain on sale margin [14] - The liquidity position was strong, with total sources of liquidity at approximately $20 billion, including over $1 billion in cash [16][17] Business Line Data and Key Metrics Changes - The company achieved a 99% utilization rate and an 84% extension rate during the period, indicating strong operational performance [5] - On the passenger side, there was strong demand for 787 aircraft, with successful transitions and increased rents [6][7] - The company executed a $7.87 million sale leaseback at attractive pricing with a new customer, highlighting the demand for its assets [8] - The company ordered 268 new LEAP engines in 2024, with over 120 already delivered, showcasing a focus on expanding operational capacity [9][10] Market Data and Key Metrics Changes - The company noted that the U.S. market represents only about 22% of the global market, emphasizing the importance of international markets [52][69] - There is a significant tailwind against falling yields in non-U.S. dollar denominated economies, insulating them from slowdowns [52] Company Strategy and Development Direction - The company announced a new $500 million share repurchase program, reflecting confidence in its financial position [5][18] - The management emphasized a long-term mindset in fleet management, contrasting short-term airline capacity adjustments with long-term fleet decisions [53] - The company is focused on profitability and risk-adjusted returns, indicating a disciplined approach to capital deployment [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in robust demand for the foreseeable future, despite macroeconomic uncertainties [11][19] - The company is seeing opportunities in the helicopter business and is adapting to changes in the leasing model [10][11] - Management acknowledged potential impacts from tariffs but noted that current contracts have fixed caps on escalation [42][43] Other Important Information - The company was upgraded to BBB+ by Fitch, indicating a strong credit rating across all three rating agencies [17] - The company has taken advantage of market volatility to repurchase over $1 billion worth of stock so far this year [20] Q&A Session Summary Question: Expectations for bilateral transactions in light of tariff uncertainty - Management expects to see more bilateral negotiations due to the company's scale and global reach [22][23] Question: Impact of freight conversion delays on EPS guidance - The increase in EPS guidance was primarily driven by gains on sale and higher net maintenance contributions, despite some delays in the freighter conversion program [24][26][28] Question: Deployment of excess capital in engines and helicopters - Management indicated ample capital availability for attractive opportunities, with potential deployment in the range of billions [32][33] Question: Indicators of demand trends going forward - Management noted that while U.S. airlines are adjusting capacity, long-term fleet decisions remain strong, and no reduction in demand is currently observed [51][55] Question: Composition of aircraft buyers - Recent sales were approximately a quarter to airlines, a third to other lessors, and a third to investors, with minimal part-out sales [72] Question: Future of tariffs and their impact on lessors - Management discussed the importance of ensuring that tariffs do not restrict the used aircraft market, which could negatively impact consumers [75][78] Question: Demand for wide-body aircraft - Management reported strong and unabated demand for wide-body aircraft, with a focus on 787 and A350 models [104][105] Question: Lobbying efforts regarding tariffs - Management confirmed that there is active lobbying in the aerospace industry to protect and grow U.S. manufacturing [109][111]