XINGYE TECH. provides joint guarantees for a credit line of 20 million for its subsidiary

Zhitong
2025.10.20 07:44

In 2025, XINGYE Leather Technology Co., Ltd. will provide a cumulative new guarantee limit of no more than RMB 1.43 billion for its subsidiaries, including RMB 150 million for Xingning Leather. Laishang Bank Suining Branch has approved a comprehensive credit line of RMB 20 million for Xingning Leather, with a term of 1 year, and the company assumes joint guarantee responsibility, which is within the approved limit. Xingning Leather is a wholly-owned subsidiary of the company. Financial data for the fiscal year 2024 and January to June 2025 shows asset-liability ratios of 59.65% and 59.97%, respectively. As of now, the company's external guarantee limit is RMB 1,179.5179 million, accounting for 49.04% of the audited net assets attributable to the listed company for the fiscal year 2024 and 26.28% of total assets, with no overdue guarantees

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