Sungrow Intelligent boosts guarantee for energy storage unit by 100m yuan

Sungrow Intelligent, a subsidiary of Sungrow Power Supply, recently approved a resolution to increase its 2025 guarantee limit for Anhui Sungrow Energy Storage New Energy Co., Ltd. (Sungrow Energy Storage) and its subordinate companies. The approved guarantee amount is up to 100,000,000 yuan, covering various financial services for operational and business development needs. The guarantee is valid from the approval date until April 10, 2026. This highlights Sungrow Intelligent's support for the capital requirements of its wholly-owned subsidiary, Sungrow Energy Storage.

As of the announcement date, the total cumulative guarantee limit provided by company subsidiaries for other subsidiaries, including this latest approval, stands at 2,468,010,030.00 yuan, representing 66.87% of the company's net assets as of December 31, 2024. The actual guarantee balance is 1,321,653,290.00 yuan, or 35.81% of net assets.

The total external guarantee limit (excluding inter-subsidiary guarantees) is 4,095,870,710.00 yuan, accounting for 110.98% of the company's net assets as of December 31, 2024. The actual external guarantee balance is 2,449,767,270.00 yuan, or 66.38% of net assets. The company reported no overdue or irregular external guarantees.