Core Viewpoint - The report details the debt repayment progress of Wuhan Yuchan Real Estate Development Co., Ltd., a subsidiary of Dayue City Holdings Group Co., Ltd., highlighting the financial obligations and the ongoing legal proceedings related to the debt [1][2][3]. Debt Overview - The debtor is Wuhan Yuchan Real Estate Development Co., Ltd., with a loan amount of 490.3 million yuan for project construction [2][3]. - The loan interest rate is 4.35%, with a total principal and interest repayment amount of 137.4604 million yuan as of June 30, 2025 [3][5]. Debt Repayment Progress - Agricultural Bank of China provided a loan of 500 million yuan to Wuhan Yuchan, with Dayue City Holdings and Huaxia Happiness providing joint guarantees [3][4]. - As of May 2025, Wuhan Yuchan has repaid part of the loan, and Dayue City Holdings has fulfilled its guarantee obligations, leading to the withdrawal of the lawsuit against the issuer [4][5]. Legal Proceedings - On May 29, 2025, the court allowed the withdrawal of the lawsuit against Dayue City Holdings, while the case against other defendants continues [4]. - On August 20, 2025, a judgment was made requiring Wuhan Yuchan to repay 131.779 million yuan plus interest and penalties to Agricultural Bank [4][5]. Impact Analysis - Dayue City Holdings has fulfilled its guarantee obligations, and the remaining unpaid principal and interest of 137.4604 million yuan is the responsibility of Wuhan Yuchan, with Huaxia Happiness bearing joint repayment responsibility [5]. - The financial situation of Wuhan Yuchan is not expected to significantly impact the operational status or repayment capacity of Dayue City Holdings, as it represents a low proportion of the issuer's consolidated total assets, net assets, and revenue [5]. Bond Management - CITIC Securities, as the bond trustee for various bonds issued by Dayue City Holdings, will continue to monitor the repayment situation and other significant matters affecting bondholders' interests [6].

Group 1 - The company approved a total guarantee amount of 70 million RMB for its subsidiaries' financing needs, effective from the date of the 2023 annual shareholders' meeting until the 2024 annual shareholders' meeting [1] - The subsidiary Chengdu Xile Ecology Agriculture Co., Ltd. applied for a loan of 2 million RMB from Chengdu Rural Commercial Bank, with the company providing a joint liability guarantee [2][4] - The company has fulfilled its guarantee responsibility by paying the overdue loan amount of 2 million RMB to the bank [4] Group 2 - Chengdu Xile has faced operational challenges due to changes in consumer demand and increased competition, leading to insufficient working capital [2] - The total assets of Chengdu Xile as of March 31, 2025, were approximately 2.55 million RMB, with total liabilities of approximately 18.17 million RMB, resulting in a net asset deficit of approximately 15.62 million RMB [2] - The company reported a revenue of approximately 620.14 thousand RMB for the first quarter of 2025, with a net loss of approximately 555.86 thousand RMB [2]