Group 1 - Hongli Zhihui announced that its affiliate, Guangdong Jincai Technology Co., Ltd., failed to repay a loan on time, with an overdue amount of 26.33 million yuan [1] - As of August 2021, Hongli Zhihui had provided a total loan balance of 196.91 million yuan to Jincai Technology, which was originally a wholly-owned subsidiary [1] - Jincai Technology has repaid 11.08 million yuan in principal and 1.12 million yuan in interest from September 2021 to September 2025, leaving an outstanding principal of 80.46 million yuan [1] Group 2 - Hongli Zhihui is an integrated LED semiconductor packaging device company, primarily engaged in LED semiconductor packaging and automotive lighting [2] - Jincai Technology focuses on the research, production, and processing of metal structural components, utilizing manufacturing processes such as powder metallurgy, CNC machining, and vacuum coating [2] - Jincai Technology has been in a loss-making state due to adverse domestic and international conditions, but is currently undergoing a transformation to focus on high value-added product development [2]

Core Viewpoint - Hongli Zhihui Group announced that its affiliate, Guangdong Jincai Technology Co., Ltd., failed to repay a loan on time, with an overdue amount of 26.332 million yuan [1] Group 1: Company Overview - Guangdong Jincai Technology was established on January 14, 2013, with a registered capital of 89.8 million yuan, and is located in Dongguan, Guangdong Province [2] - The company is primarily engaged in the research, manufacturing, and sales of five metal products [2] - As of 2024, Jincai Technology reported total assets of 161.8424 million yuan and total liabilities of 186.6761 million yuan, resulting in negative equity of 2.48337 million yuan [2] Group 2: Financial Performance - For the first half of 2025, Jincai Technology reported revenue of 77.1989 million yuan, with an operating loss of 3.9328 million yuan and a net loss of 3.81 million yuan [2] - Hongli Zhihui's revenue for 2024 was 4.225 billion yuan, a year-on-year increase of 12.39%, while net profit attributable to shareholders decreased by 61.60% to 81.3492 million yuan [3] Group 3: Loan and Repayment Issues - As of the announcement date, Jincai Technology had an overdue loan principal of 26.332 million yuan, with a remaining principal of 80.4588 million yuan and interest payable of 2.5842 million yuan [2][3] - The company has been in a loss-making state due to adverse domestic and international conditions, impacting its ability to repay loans [2]