Nanjing Iron & Steel increases guarantee for Hunan Fuxing Heli

Nanjing Iron & Steel has provided an additional guarantee of CNY 10.2 million for Hunan Fuxing Heli New Materials, a subsidiary of its holding company Anyang Fuxing Heli. This increases the total guarantee amount provided to Hunan Fuxing Heli to CNY 128 million (including existing guarantees). As of June 16, 2025, Anyang Fuxing Heli signed a guarantee contract with China Post Savings Bank's Yueyang branch for Hunan Fuxing Heli's credit line. As of March 31, 2025, Hunan Fuxing Heli's assets totaled CNY 289.04 million, with liabilities of CNY 254.50 million, resulting in net assets of CNY 34.54 million. Nanjing Iron & Steel's total external guarantees now stand at CNY 997.6 million, with CNY 741.3 million provided to subsidiaries, representing 38.33% and 28.48% of the company's latest audited net assets, respectively. The company has stated that it has not provided any guarantees to its controlling shareholders or related parties, and there are no overdue guarantees.