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Everwin Precision guarantees subsidiary's financing with China Construction Bank

October 16, 2025 at 05:20 PM UTCBy FilingReader AI

Shenzhen Everwin Precision Technology Co., Ltd. (Everwin Precision) announced it is providing a guarantee for its wholly-owned subsidiary, Kunshan Everwin Precision Technology Co., Ltd. (Kunshan Everwin). As guarantor, Everwin Precision signed a "Maximum Guarantee Contract for Principal Amount" with China Construction Bank Corporation, Kunshan Branch, covering financing loans for Kunshan Everwin up to a maximum of 20 million yuan. This action falls within the scope of previously approved guarantee matters from board and shareholder meetings held in April and May 2025.

Kunshan Everwin, established on September 25, 2006, with a registered capital of 150.57 million yuan, reported total assets of 359.66 million yuan and total liabilities of 275.52 million yuan as of June 30, 2025. For the six months ended June 30, 2025, the subsidiary recorded operating revenue of 293.90 million yuan and a net profit of -4.57 million yuan.

As of October 15, 2025, Everwin Precision and its subsidiaries' cumulative actual external guarantee balance reached 2.09 billion yuan, representing 26.23% of the company's net assets attributable to shareholders in its latest audited consolidated financial statements. The company confirmed no overdue external guarantees or guarantees involved in litigation as of the announcement date.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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