Tianma Technology increases external guarantees, citing subsidiary needs

Fujian Tianma Technology Group (SSE:603668) revealed an increase in external guarantees totaling CNY 5,110.00 thousand and a decrease of CNY 4,000.00 thousand in guarantees between March 11, 2025, and April 10, 2025, resulting in a net increase of CNY 1,110.00 thousand. These guarantees primarily support the company's wholly-owned and controlled subsidiaries, as well as downstream clients. As of April 10, 2025, the total outstanding guarantee balance stood at CNY 200,031.49 thousand, representing 90.48% of the company's latest audited net assets. The guarantees include counter-guarantees, and while no guarantees are currently overdue, some are extended to entities with a debt-to-asset ratio exceeding 70%, prompting investor caution. The company has pledged guarantees to downstream clients with a maximum value of CNY 2,160.00 thousand. The nature and volume of external guarantees provided were approved at the company's shareholder's meetings.