Zhongkuang Resources: Fully-owned subsidiary provides guarantee for 600 million yuan financing leasing business.

date
26/12/2025
The announcement from Zhongkuang Resources stated that the company plans to conduct post-sale leaseback financing lease business with Xinda Leasing. Its wholly-owned subsidiary, Jiangxi Zhongkuang New Materials, will provide an irrevocable joint and several liability guarantee for the highest amount of 600 million yuan. After this guarantee, Jiangxi Zhongkuang New Materials' total guarantee for the company will reach 2.99 billion yuan, which is within the approved limit by the shareholders' meeting. As of September 30, 2025, the company's revenue was 4.818 billion yuan, with a net profit of 204 million yuan; in 2024, the revenue was 5.364 billion yuan, with a net profit of 757 million yuan. As of the date of the announcement, the total amount of external guarantees provided by the company and its controlling subsidiaries was 4.1 billion yuan, with an actual amount of guarantees incurred of 2.299 billion yuan, and no overdue guarantee situations.