OFILM Group backs subsidiary loan, pushing guarantees above net assets

OFILM Group announced a new external guarantee for its controlling subsidiary, Nanchang OFILM Optoelectronic Technology. The company signed a guarantee contract with the Jiangxi Branch of the Export-Import Bank of China, providing a joint and several liability guarantee for a loan of up to 360 million yuan. This action falls within the previously approved guarantee quota by OFILM Group's shareholders. Nanchang OFILM Optoelectronic Technology, with registered capital of 229.98 million yuan and 88.7915% ownership by OFILM Group, reported total assets of 667.29 million yuan and total liabilities of 554.24 million yuan as of September 30, 2025.

The announcement highlights that OFILM Group's total external guarantees, including this new transaction, exceed 100% of its net assets from the latest audited period. The accumulated guarantee amount for companies within the consolidated statement, including this transaction, is 502.88 million yuan, representing 137.50% of the latest audited net assets. The total approved guarantee limit for companies within the consolidated statement is 7.24 billion yuan.

Nanchang OFILM Optoelectronic Technology's asset-liability ratio was 83.06% as of September 30, 2025. OFILM Group's total approved guarantee amount is 7.518 billion yuan, which is 205.57% of its latest audited net assets, with a total outstanding guarantee of 5.278 billion yuan, or 144.32% of net assets. The company states there are no overdue guarantees or guarantee litigations.