Easyhome extends $8bn bank loan guarantee for smart tech subsidiary until late 2025

Easyhome New Retail Group Co., Ltd. (Easyhome) has extended a guarantee for its wholly-owned subsidiary, Beijing Easyhome Smart Technology Co., Ltd. (Easyhome Smart), with China Construction Bank Beijing Dongcheng Sub-branch. This extension prolongs the credit utilization period until December 18, 2025, for an original comprehensive credit line of RMB 8,000 million. Easyhome's wholly-owned subsidiary, Beijing Easyhome Home Furnishings Chain Co., Ltd., is providing a joint and several liability guarantee for this extended credit.

The guarantee falls within the previously approved RMB 70,000 million total guarantee limit for Easyhome Smart, authorized by the company's General Meeting of Shareholders. As of December 31, 2024, Easyhome Smart reported total assets of RMB 112,998.64 million, with total liabilities of RMB 88,722.49 million and bank loans amounting to RMB 43,374.18 million. For the year ended 2024, Easyhome Smart achieved an operating income of RMB 493,300.15 million and a net profit of RMB 824.17 million.

As of June 30, 2025, Easyhome Smart's total assets stood at RMB 119,685.70 million, with total liabilities of RMB 94,083.30 million. The company's total external guarantees, including those for subsidiaries, amount to RMB 493,293.63 million, representing 24.40% of its most recently audited net assets. The company asserts that the risk associated with this guarantee is controllable.