Tianwei Baobian predicts surge in 2025 related-party transactions

Baoding Tianwei Baobian Electric (SSE:600550) projects a substantial increase in its routine related-party transactions for 2025. The company anticipates total purchases from related parties, including China Electrical Equipment Group Supply Chain Technology and Baoding Tongwei Electric Equipment, to reach 1.76 billion yuan. Sales to related parties, including State Grid Corporation of China and China XD Electric, are expected to total 1.265 billion yuan. These increases are based on anticipated business needs, and transactions will adhere to market pricing principles. The arrangements are designed to secure supply chains and facilitate efficient operations. The company plans to tap the markets in related financial institutions for deposits and loans. These transactions are set to enhance the company's efficiency, while not impacting the interest of minority shareholders or the independence of the company. These motions are subject to shareholder approval and it is expected that related parties will abstain from the decision. In support of these activities, Tianwei Baobian has set a total guarantee quota of no more than 13.29 million yuan for related party institutions.