Group 1 - The core point of the article is that Juran Smart Home has secured a factoring financing service of up to 740 million yuan from the Industrial and Commercial Bank of China, with real estate properties as collateral [1][7] - The financing is backed by properties held by Harbin Xinyuan Commercial Management Co., Ltd. and Jilin Sun City Property Management Co., Ltd., showcasing the company's strategic use of its real estate assets [1][5] - Juran Smart Home has a history of utilizing its real estate for financing, indicating a well-established practice of leveraging assets for capital [7][9] Group 2 - Juran Smart Home, established in 1999, has evolved into a major retail group focusing on home goods and has attracted strategic partners like Alibaba and Taikang Life since 2018 [3] - The company has been publicly listed since December 2019 and officially changed its name to Juran Smart Home in December 2024 [3] - The total building area of the properties used for collateral exceeds 238,600 square meters, forming a significant asset base in Northeast China [8][9] Group 3 - The internal guarantee structure of the financing arrangement reflects the efficiency of resource coordination within the group, minimizing external guarantee requirements and reducing overall financing costs [7][9] - As of June 30, 2025, the total assets of the home chain reached 41.334 billion yuan, with total liabilities of 24.593 billion yuan, indicating a solid financial foundation for the financing [11] - The overall guarantee structure among Juran Smart Home and its subsidiaries shows a manageable risk control approach, with guarantees totaling 5.433 billion yuan, representing 26.87% of the latest audited net assets [11]