Huagong Tech increases subsidiary guarantees by 1bn yuan

Huagong Tech increased guarantee quotas for four wholly-owned subsidiaries by RMB 1 billion, raising total external guarantees to RMB 7.87 billion.

The new total represents 77.33% of the company's 2024 audited net assets. The guarantees will support bank financing for subsidiaries including Wuhan Huagong Laser Engineering, Wuhan Huagong Science and Technology, Shenzhen Huagong New Energy Equipment, and Wuhan Huagong Century Data System.