FilingReader Intelligence

Sichuan Changhong to provide 100m yuan subsidy

March 27, 2025 at 06:25 PM UTCBy FilingReader AI

Sichuan Changhong Electric (SSE:600839) announced plans to provide a financial subsidy of 100 million RMB to its subsidiary, Sichuan Changhong Innovation Investment Co., Ltd. The assistance aims to support the subsidiary's daily operational needs. The term of the subsidy is one year, starting March 28, 2025, and ending March 27, 2026. Interest will be charged at a rate no lower than the benchmark rate for similar bank loans. As of September 30, 2024, Changhong Innovation Investment's total assets were 99.36 million RMB, net assets were 70.68 million RMB, and the asset-liability ratio was 28.87%. For January to September 2024, net profit was 13.99 million RMB. As of the date of the announcement, the total amount of financial assistance provided by the Company to its subsidiaries (including this time) was 280 million yuan, accounting for 1.98% of the Company's latest audited net assets.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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