China Shipbuilding subsidiary secures 80m yuan guarantee

China Shipbuilding Industry Corporation has announced that its subsidiary, Dalian Shipbuilding Industry Equipment Manufacturing, has received an 80 million yuan guarantee from another CSIC subsidiary, Dalian Shipbuilding Industry.

The guarantee covers non-financing matters like bank acceptance bills and letters of guarantee, backed by a counter-guarantee from Dalian Equipment.

As of June 30, 2025, CSIC's total outstanding external guarantees amount to 1.481 billion yuan, representing 1.77% of its latest audited net assets. Dalian Equipment has an asset-liability ratio of 79.83%.