Core Viewpoint - Anhui Qukong Technology Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on various manufacturing and research activities in the electric motor and automotive parts sectors [1] Company Overview - The legal representative of the company is Li Guangxia [1] - The registered capital of the company is 5 million RMB [1] Business Scope - The company engages in the manufacturing of electric motors and related control systems [1] - It also manufactures automotive parts and components, as well as molds [1] - The company is involved in the research and development of micro-special motors and components [1] - Additional activities include the sale of mechanical and electrical equipment, as well as providing technical services, development, consulting, exchange, transfer, and promotion [1]

Core Insights - Shandong Ruichi Heavy Industry Co., Ltd. has been established with a registered capital of 3 million RMB [1] - The legal representative of the company is Li Chunxia [1] Business Scope - The company is involved in the manufacturing of special equipment, which requires approval from relevant authorities before operations can commence [1] - General business activities include manufacturing of automotive parts and components, processing and sales of mechanical parts and components, manufacturing of general parts, and container-related services such as manufacturing, sales, maintenance, and leasing [1]

Core Viewpoint - The company, Suzhou Chunxing Precision Mechanical Co., Ltd., has provided substantial guarantees for its subsidiaries, which raises concerns regarding financial risk and the overall impact on the company's financial health [2][26]. Summary by Sections Guarantee Progress - The company approved a total guarantee amount of up to 158 million yuan for its subsidiaries in 2025, with an additional 78 million yuan for subsidiary guarantees [3][4]. - The company provided a joint liability counter-guarantee for a 20 million yuan loan applied by its wholly-owned subsidiary, Wuhu Fanchang [3]. - The company also approved guarantees for Shenzhen Fuchang Electronic Technology Co., Ltd. up to 16 million yuan [4]. - A counter-guarantee was provided for a 10 million yuan loan for Jinzhai Chunxing Precision Mechanical Co., Ltd. and a similar amount for Xuancheng Chunxing Mechanical Manufacturing Co., Ltd. [5]. Financial Data and Risk - As of the latest report, the total external guarantee amount by the company and its subsidiaries reached 440.56 million yuan, which is 9058.59% of the company's latest audited net assets [26]. - The actual external guarantee balance is 236.40 million yuan, accounting for 4860.74% of the company's latest audited net assets [26]. - The company has no overdue guarantees or guarantees involved in litigation, indicating a controlled risk environment [27]. Subsidiary Information - Jinzhai Chunxing Precision Mechanical Co., Ltd. was established on January 2, 2018, with a registered capital of 250 million yuan [9]. - The company holds 100% equity in its subsidiaries, including Wuhu Fanchang and Xuancheng Chunxing, ensuring operational control [15][19]. - The subsidiaries are engaged in various manufacturing and technology services, contributing to the overall business strategy of the company [12][14][23].

Company Overview - A new company named Huize Lihong Electronic Technology Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The legal representative of the company is Li Meiying [1] Business Scope - The company is engaged in various activities including the manufacturing and wholesale of electronic components, automotive parts, audio equipment, plastic products, hardware products, and lighting fixtures [1] - It also involves the sale of household appliances and provides import and export services, including technology import and export [1] - The company operates under the principle of conducting business activities independently based on its business license, except for projects that require legal approval [1]

Core Insights - Jiangyin Hongnengjia Decoration Materials Co., Ltd. has been established with a registered capital of 3 million RMB [1] - The company is engaged in various activities including manufacturing and selling construction decoration materials, automotive parts, and general mechanical components [1] Company Overview - The legal representative of the company is Wang Tongyu [1] - The registered capital is 3 million RMB [1] - The business scope includes manufacturing and sales of construction decoration, plumbing parts, automotive components, and various hardware products [1] Industry Activities - The company operates in the construction materials sector, focusing on decoration and related manufacturing [1] - It also engages in the automotive parts manufacturing and retail market [1] - The company is involved in the production and sale of plastic products and general mechanical components [1]

Core Viewpoint - Huizhou Jiuwu Technology Co., Ltd. has been established with a registered capital of 100,000 RMB, focusing on various sectors including battery manufacturing and sales, as well as electric bicycle maintenance [1] Company Summary - The registered capital of Huizhou Jiuwu Technology Co., Ltd. is 100,000 RMB [1] - The company operates in multiple areas such as battery parts sales, battery manufacturing, and electric bicycle repair [1] - The company is involved in the retail of bicycles and their parts, as well as the sale of new energy propulsion equipment [1] Industry Summary - The company is positioned within the battery manufacturing and sales industry, which includes a wide range of products and services related to batteries and electric vehicles [1] - The operational scope includes general projects like the sale and production of battery components, indicating a focus on the growing demand for electric mobility solutions [1] - The company also engages in internet sales and property management, reflecting a diversified business model [1]

Core Insights - Hubei Hangyu Technology Co., Ltd. has been established with a registered capital of 10,000 RMB and is represented by Liu Qin [1] Company Overview - The company operates in various sectors including software development, computer system services, and manufacturing of automotive parts and accessories [1] - Additional services include specialized equipment repair, logistics, warehousing (excluding hazardous materials), domestic cargo transportation, and container transportation [1] - The company also focuses on artificial intelligence software development, IT consulting, and information system maintenance [1] Business Activities - Hubei Hangyu Technology's business scope encompasses procurement agency services, advertising production, packaging services, production line management, and enterprise management consulting [1] - The company is involved in the wholesale of automotive parts, hardware products, and the sale of containers and electrical equipment [1]

Core Viewpoint - Suzhou Huxin Energy Technology Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on various technology services and the development of new energy technologies [1] Company Overview - The company is legally represented by Zhong Dacheng [1] - The registered capital is 5 million RMB [1] Business Scope - The business scope includes technology services, development, consulting, and transfer [1] - It focuses on emerging energy technology research and new materials technology research [1] - The company is involved in software development and manufacturing of new energy drive equipment [1] - It also engages in the manufacturing and sales of batteries and various automotive parts [1] - Additional activities include the manufacturing and sales of industrial control computers and systems, as well as information system integration services [1]

Group 1 - Shanghai Wanyuhong Technology Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Qiao Xinjie [1] - The company's business scope includes construction engineering contracting, technical services, technology development, and various manufacturing activities [1] Group 2 - The company is involved in the manufacturing of automotive parts, plastic processing equipment, and electronic devices [1] - Additional services offered include rental services, sales of metal materials, packaging materials, and daily necessities [1] - The company also provides consulting services, information technology consulting, and supply chain management services [1]