Overview - The company has provided guarantees for its subsidiaries Qingdao Baojian and Xinyuan Thermal Power, totaling 50 million yuan [1][2]. Guarantee Details - The company signed a guarantee contract with Qingdao Rural Commercial Bank for 30 million yuan for Qingdao Baojian on June 19, 2025 [1]. - A separate guarantee contract was signed with Postal Savings Bank for 20 million yuan for Xinyuan Thermal Power on the same date [1]. - The total authorized guarantee limit for subsidiaries is 3.3 billion yuan, with specific allocations of 1.1 billion yuan for Qingdao Baojian and 600 million yuan for Xinyuan Thermal Power [2][7]. Financial Status of Subsidiaries - Qingdao Baojian reported total assets of approximately 1.29 billion yuan and total liabilities of about 709.68 million yuan as of March 31, 2025, with a debt-to-asset ratio of 55.01% [4]. - Xinyuan Thermal Power had total assets of around 1.29 billion yuan and total liabilities of approximately 865.33 million yuan, with a debt-to-asset ratio of 67.14% as of the same date [4]. Board's Opinion - The board believes that the guarantees are necessary to support the normal operations of the subsidiaries and that both companies have good debt repayment capabilities [6][7]. - Qingdao Baojian does not provide counter-guarantees, while Xinyuan Thermal Power offers a counter-guarantee to protect the company's interests [6]. Cumulative Guarantee Information - As of now, the total guarantee amount provided by the company and its subsidiaries is 2.532 billion yuan, with a total balance of 1.236 billion yuan, representing 18% of the company's audited equity [7].