News

Zhitong
2025.09.26 08:49

Recently, Shanxi MJ Energy Co., Ltd. provided a joint liability guarantee for the credit exposure limit of 50 million yuan applied by its subsidiary, Shanxi MJ Huasheng Chemical New Materials Co., Ltd., to CITIC BANK Taiyuan Branch, with a guarantee period of three years. This guarantee matter was approved at the first extraordinary shareholders' meeting in 2025. As of June 30, 2025, Huasheng Chemical had a debt-to-asset ratio of 75.20% and incurred operating losses in the last year. After this guarantee, the remaining approved guarantee limit is 2,845,657.4 yuan; the company's guarantee balance for subsidiaries and affiliated companies is 7,746,351.1 yuan, accounting for 53.60% of the most recent audited net assets attributable to the parent company. The company reminds investors to pay attention to risks as the debt-to-asset ratio of the guaranteed party exceeds 70% and the guarantee for subsidiaries and affiliated companies exceeds 50% of net assets