Zhongxing BioTech provides guarantees for its subsidiaries, with a cumulative guarantee balance exceeding 1.1 billion yuan

Zhitong
2025.10.16 08:19

On October 16, 2025, Zhongxing BioTech announced the progress of external guarantees. In 2024, the relevant meeting approved the proposal to provide a guarantee limit of no more than 1.97 billion yuan for some wholly-owned subsidiaries for the year 2025. This time, to meet funding needs, Jiangsu Zhongxing applied for a loan of 350 million yuan from Jiangsu Bank, and on October 14, Zhongxing BioTech provided a joint liability guarantee for it; Hubei Zhongxing applied for a loan from China Construction Bank, and on the same day, Zhongxing BioTech provided a joint liability guarantee of no more than 40 million yuan for it. As of the announcement date, the total balance of external guarantees provided by the company for subsidiaries and wholly-owned subsidiaries within the scope of the consolidated financial statements was 1.152 billion yuan, accounting for 34.73% of the audited net assets attributable to shareholders of the listed company for the year 2024, with no overdue or abnormal guarantee situations

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer