Cybrid Technologies provides 100m yuan guarantee for subsidiary

Cybrid Technologies provided a 100 million yuan financing guarantee for its wholly-owned subsidiary, Zhejiang Cybrid Technologies.

The company's total external guarantee balance now stands at 590 million yuan, representing 22.07% of its most recently audited net assets.

Zhejiang Cybrid Technologies' asset-liability ratio exceeded 70% at the end of 2024, highlighting the financial risk involved in the guarantee arrangement.