Zhejiang Yinlun Machinery boosts subsidiaries with Rmb6.05bn in financing guarantees

Zhejiang Yinlun Machinery Co., Ltd. has advanced with its previously approved guarantees for subsidiaries, totaling Rmb6.05bn. These guarantees support the bank financing of 19 wholly-owned or controlling subsidiaries. The company's board of directors and 2024 annual general meeting approved these guarantees, which include Rmb3.75bn for subsidiaries with asset-liability ratios exceeding 70% and Rmb2.30bn for those below 70%.

Recent developments include several guarantee contracts signed in September 2025. For instance, the company provided guarantees for Hubei Meibiao Automotive Refrigeration System Co., Ltd. for up to Rmb50m with Agricultural Bank of China and Hubei Bank, and up to Rmb40m with China Everbright Bank. All these guarantees are valid until September 2026. Additionally, Zhejiang Yinlun Intelligent Equipment Co., Ltd. secured guarantees of Rmb10m each from Bank of China and Industrial and Commercial Bank of China, and Tiantai Yinshen Aluminum Co., Ltd. obtained a guarantee of Rmb20m from Industrial and Commercial Bank of China.

As of the announcement date, Zhejiang Yinlun Machinery's total effective guarantee amount for wholly-owned and controlling subsidiaries is Rmb3.92bn. This represents 55.40% of the company's 2024 audited net assets and 21.34% of its total assets. There are no overdue external guarantees, no guarantees involving litigation, and no instances where the company is liable for losses due to a guarantee judgment.