---
title: "SILVERY DRAGON PRESTRESSED MATERIALS: Provides a guarantee of 50 million yuan for its wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262189257.md"
description: "Silvery Dragon Prestressed Materials announced that the company provided a guarantee of 50 million yuan for its wholly-owned subsidiary Baozelong's financing from the CITIC BANK Cangzhou Branch, signing the \"Maximum Guarantee Contract.\" Previously, the company had agreed to provide financing guarantees of no more than 300 million yuan for Baozelong. The announcement shows that as of now, the total amount of external guarantees provided by the company is 489.5 million yuan, accounting for 19.83% of the most recent audited net assets. As of June 30, 2025, Baozelong's total assets amount to 882.7608 million yuan, with a net profit of 57.7744 million yuan"
datetime: "2025-10-22T08:31:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262189257.md)
  - [en](https://longbridge.com/en/news/262189257.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262189257.md)
---

# SILVERY DRAGON PRESTRESSED MATERIALS: Provides a guarantee of 50 million yuan for its wholly-owned subsidiary

Silvery Dragon Prestressed Materials announced that the company has signed a "Maximum Guarantee Contract" with CITIC BANK Cangzhou Branch, providing a joint liability guarantee of 50 million yuan for its wholly-owned subsidiary Baozelong's financing from the bank, without counter-guarantee. The company had previously approved a related proposal to provide financing guarantees for Baozelong not exceeding 300 million yuan, and this guarantee is within that limit. As of the announcement date, the company's total external guarantees amount to 489.5 million yuan, accounting for 19.83% of the most recent audited net assets, with no overdue guarantees. As of June 30, 2025, Baozelong's total assets amount to 882.7608 million yuan, with a net profit of 57.7744 million yuan

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