Fastprint: New borrowings exceed 20% of prior year net assets

Shenzhen Fastprint Circuit Tech (SZSE:002436) announced that its cumulative new borrowings for 2025 have exceeded 20% of its net assets from the end of the previous year. As of the end of 2024, the net assets attributable to the parent company were CNY 4,935,486,900, with total borrowings at CNY 4,043,956,000. By May 31, 2025, the company's borrowings had increased by CNY 1,002,812,600 to CNY 5,046,768,600, representing a 20.32% increase relative to the 2024 year-end net assets. The increase is comprised of CNY 1,003,176,800 in bank loans, a reduction of CNY 4,610,000 in corporate bonds, and a reduction of CNY 31,810,000 in other borrowings. The company stated that the increased borrowings are a result of normal business operations and will not negatively impact its solvency.