Shouhua Gas: Intends to provide joint liability guarantees for a 2 billion yuan credit facility for a subsidiary.

date
07/02/2026
Shouhua Gas announced that its holding subsidiary Zhonghai Wobang plans to apply for a line of credit of no more than 800 million yuan from Industrial Bank, of which 200 million yuan will be used for short-term and medium-term working capital loans, and the company plans to provide joint and several guarantee for this. The company holds a total of 67.50% equity of Zhonghai Wobang. From January to September 2025, Zhonghai Wobang's revenue was 1.4 billion yuan, with a net profit of 66.9372 million yuan. This guarantee matter has been approved by the board of directors and still needs to be approved by the shareholders' meeting. After providing the guarantee, the total guarantee amount of the company and its holding subsidiaries will reach 800 million yuan, with an external guarantee balance of 600 million yuan, accounting for approximately 30.18% of the net assets at the end of 2024, with no overdue guarantees.