Core Points - Company plans to issue a guarantee letter for its wholly-owned subsidiary, Jianfa Warehousing, to apply for a designated delivery warehouse for coated printing paper futures at the Shanghai Futures Exchange, with a guarantee amount of 500 million yuan [2] - Prior to this, the company had issued guarantee letters for other futures designated delivery warehouse applications, including 1.5 billion yuan for pulp futures, 200 million yuan for synthetic rubber futures, and 500 million yuan for cast aluminum alloy futures [2] - As of the end of July 2025, the company's actual external guarantee balance stands at 189.658 billion yuan and 3.319 billion US dollars [2]