Longquan Pipe Industry provides a guarantee of 10 million yuan for its wholly-owned subsidiary

Zhitong
2025.09.17 11:34

Shandong Longquan Pipe Industry Co., Ltd. announced that its wholly-owned subsidiary Zibo Longquan Pipe Industry Co., Ltd. needs to apply for comprehensive credit from financial institutions due to business development. The company signed a "Maximum Guarantee Contract" with Qingdao Bank Zibo Zichuan Branch, providing a joint liability guarantee of up to 10 million yuan for Zibo Longquan. This matter is within the guarantee limit approved by the company in 2025 and does not need to be submitted for further review. Zibo Longquan's latest debt-to-asset ratio is 62.95%. As of the announcement date, the company's actual external guarantee balance is 310 million yuan, accounting for 18.61% of the latest audited net assets attributable to shareholders of the listed company, with no overdue or other adverse guarantee situations

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