Heyuan Gas provided a guarantee of 400 million for its subsidiary, with a cumulative guarantee balance of over 2.6 billion yuan

In 2025, Heyuan Gas was approved to apply for a comprehensive credit limit of no more than 2 billion yuan from the bank, providing guarantees of no more than 1.5 billion yuan for its subsidiaries. This time, the company is conducting bank loan business for its subsidiaries with a debt-to-asset ratio of over 70%, namely Qianjiang Special Gas and Jinxiong Heyuan, providing joint liability guarantee limits of no more than 30 million yuan and 10 million yuan to the Yichang branch of SPD Bank and the Three Gorges branch of Bank of China, respectively. The debt-to-asset ratio of Qianjiang Special Gas decreased from 74.40% at the end of 2024 to 69.91% at the end of June 2025; the debt-to-asset ratio of Jinxiong Heyuan decreased from 74.91% to 73.79% during the same period. As of the announcement date, the cumulative balance of external guarantees provided by the company and its holding subsidiaries was 2,610.1328 million yuan, accounting for 166.65% of the most recent audited net assets, with no overdue external guarantees or litigation-related guarantees