Company Performance - Jikai Co., Ltd. expects a net loss attributable to shareholders of 48 million to 64 million yuan for 2025, with basic earnings per share loss ranging from 0.14 to 0.19 yuan [1] - In the same period last year, the company reported a net loss of 1.8044 million yuan, with basic earnings per share loss of 0.01 yuan [1] - The primary reasons for the performance change include intensified competition in the coal machinery market, leading to a decline in sales revenue and gross margin for some products compared to the previous year [1] Financial Factors - The company faced challenges in accounts receivable collection, resulting in an increase in credit impairment provisions [1] - In the previous year, to accelerate cash flow and reduce accounts receivable risk, the company confirmed investment income of 25.7759 million yuan through accounts receivable factoring, which was classified as non-recurring profit and loss [1]

Core Viewpoint - The company is providing financing lease repurchase guarantees and buyer credit guarantees to non-related customers purchasing its products, with a total guarantee amount not exceeding RMB 2 billion, aimed at promoting product sales and accelerating receivables collection [1][2][3][5]. Summary by Sections 1. Guarantee Overview - The company has approved a plan to provide financing lease repurchase guarantees and buyer credit guarantees to non-related customers, with a cumulative guarantee amount not exceeding RMB 2 billion [1][3][5]. - As of July 31, 2025, the total amount of external guarantees provided by the company and its subsidiaries is RMB 0, which is 1.91% of the company's latest audited net assets [7]. 2. Adjustment of Guarantee Plan - The company is adjusting its guarantee plan to facilitate product sales and accelerate receivables collection, particularly in the coal machinery business, which has been restructured [2][4]. - The restructuring involves transferring relevant assets, liabilities, and operations to a wholly-owned subsidiary, thereby changing the sales entity for coal machinery products [2]. 3. Internal Decision-Making Process - The company held a board meeting on August 28, 2025, to approve the adjustment of the guarantee plan, which will require shareholder approval [4][7]. 4. Guarantee Agreement Details - The guarantees will be provided to customers who are creditworthy and have been approved by third-party financial institutions, ensuring no related party relationships exist [4][6]. - The company will require necessary counter-guarantees from customers or third parties to mitigate risks associated with the guarantees [5][6]. 5. Necessity and Reasonableness of Guarantees - Providing these guarantees is deemed beneficial for promoting sales and accelerating cash flow, aligning with the interests of the company and its shareholders [6][7]. - The company has implemented risk control measures to ensure that the risks associated with these guarantees are manageable and do not harm the interests of shareholders, especially minority shareholders [6][7].

Core Viewpoint - The company has announced an adjustment to its guarantee scheme for providing financing lease repurchase guarantees and buyer credit guarantees, with a total guarantee limit not exceeding 2 billion yuan, effective until the annual shareholders' meeting in 2025 [1][4]. Group 1: Background of Guarantee Scheme Adjustment - The company held meetings on March 28 and June 5, 2025, to approve guarantees for non-related party customers, with a cumulative guarantee limit of 2 billion yuan during the effective period [2]. - The adjustment aims to promote product sales and accelerate receivables collection amid the restructuring of the coal machinery business, expanding the scope of guaranteed parties to include non-related customers purchasing products from the company's subsidiaries [2]. Group 2: Description of Adjusted Guarantee Business - The company and its subsidiaries plan to collaborate with financial institutions to provide financing lease or buyer credit services to reputable, non-related purchasing customers [3]. - In case of customer default, the company or its subsidiaries will provide repurchase or guarantee support as per the agreement, while requiring customers or designated third parties to provide counter-guarantee measures [3]. Group 3: Guarantee Limit and Decision-Making Process - The cumulative guarantee limit for non-related customers is set at 2 billion yuan, with the adjustment approved by the company's board on August 28, 2025, pending shareholder approval [4]. Group 4: Necessity and Reasonableness of Guarantees - Providing guarantees to non-related customers is beneficial for promoting product sales and accelerating receivables collection, aligning with the company's business development needs [6]. - As of July 31, 2025, the total external guarantees by the company and its subsidiaries amounted to approximately 412 million yuan, representing 18.77% of the audited net assets attributable to shareholders for 2024, with no overdue guarantees reported [6].