CSSC Science & Technology adjusts transactions, guarantees, and halts wind power project

CSSC Science & Technology Co., Ltd. has increased its 2025 daily related-party transaction quota by 15,000 yuan, raising the total estimated amount for purchasing goods and receiving services from Chongqing Gearbox Co., Ltd. to 39,378.47 yuan. This adjustment aims to meet normal production and operational needs. The company also updated its 2026 daily related-party transaction forecasts, with estimated sales of goods and services to related parties totaling 219,879.46 yuan and estimated purchases totaling 203,136.86 yuan. Additionally, CSSC Science & Technology anticipates financial services from CSSC Finance Co., Ltd., with a projected loan amount of 1,278,567.00 yuan and deposits of 1,312,250.00 yuan for 2026.

The company also increased its external guarantee quota, with a cumulative total of up to 431,804.71 yuan for 2026, including financing guarantees of up to 273,322.73 yuan and bank guarantees of up to 158,481.98 yuan. This aims to support the operational needs of its subsidiaries. Furthermore, the board approved an accounts receivable factoring business with CSSC Commercial Factoring Co., Ltd. for up to 1 bn yuan (without recourse), intended to optimize cash flow and reduce credit risk for Xiamen Shuangrui Composite Material Technology Co., Ltd.

Finally, CSSC Science & Technology will not proceed with the 100,000-kilowatt wind power project under CSSC Wind Power Green Power (Tongyu) Co., Ltd. due to changes in investment expectations, while the 200,000-kilowatt project by CSSC Wind Power New Energy Investment (Tongyu) Co., Ltd. is progressing as planned.