Zongshen Power provides 1.85bn yuan guarantees for subsidiaries

Chongqing Zongshen Power Machinery has extended guarantees totaling 1.845 billion yuan for comprehensive credit lines of six consolidated subsidiaries, including engine manufacturing and trading companies.

The guarantees form part of 4.43 billion yuan approved by the board and shareholders for 2025. Total actual guaranteed amounts now stand at 1.878 billion yuan, representing 37.64% of the company's net assets as of December 31, 2024.