Guanghui Energy updates on August 2025 guarantee implementation
Guanghui Energy Company Limited announced its August 2025 guarantee implementation progress, increasing total guarantees by 420.90m yuan and decreasing them by 503.71m yuan (including exchange rate fluctuations). As of August 31, 2025, the total outstanding guarantee balance stood at 13.19bn yuan (unaudited). This represents 48.86% of the company's net assets attributable to shareholders as of the latest audited period (2024).
The company's 2025 guarantee plan, approved by shareholders, projected a total guarantee amount not exceeding 20bn yuan, with a net increase of 6bn yuan. Guarantees for subsidiaries with a debt-to-asset ratio over 70% account for a net increase of 3.3bn yuan, while those for subsidiaries below 70% account for a net increase of 2.7bn yuan.
All guarantees are within the pre-approved annual limits and are primarily aimed at supporting the operational stability of its controlled and associated entities. The company has confirmed the absence of overdue guarantees and states that all involved entities are in stable financial condition.
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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