---
title: "DAWN: Announcement of providing guarantees of no more than 50 million yuan for subsidiaries and progress on guarantees"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262194977.md"
description: "DAWN announced that it expects to provide a guarantee limit of no more than 1.323 billion yuan for its subsidiaries in 2025. On October 21, 2025, it signed a contract with China Everbright Bank to provide a maximum guarantee of 50 million yuan for its holding subsidiary Haier New Materials, with the guarantee method being joint liability. Haier New Materials is expected to have a revenue of 2.501 billion yuan and a net profit of 71.2632 million yuan in 2024, with a debt-to-asset ratio of 79.50%. As of the announcement date, the total amount of external guarantees accumulated is 861 million yuan, accounting for 27.58% of net assets"
datetime: "2025-10-22T08:54:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262194977.md)
  - [en](https://longbridge.com/en/news/262194977.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262194977.md)
generator: "portal-rs"
---

# DAWN: Announcement of providing guarantees of no more than 50 million yuan for subsidiaries and progress on guarantees

DAWN announced that in 2025, the company expects to provide a total guarantee amount not exceeding 1.323 billion yuan for its subsidiaries and sub-subsidiaries. On October 21, 2025, the company signed a "Maximum Guarantee Contract" with China Everbright Bank, providing a maximum guarantee not exceeding 50 million yuan for its holding subsidiary Haier New Materials, with the guarantee method being joint liability guarantee. Haier New Materials had a revenue of 2.501 billion yuan and a net profit of 71.2632 million yuan in 2024, with a debt-to-asset ratio of 79.50%. As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to 861 million yuan, accounting for 27.58% of the most recent audited net assets attributable to the shareholders of the listed company, with no overdue guarantees or other issues

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**