---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259016479.md"
description: "Shanxi MJ Energy Co., Ltd. provides a joint liability guarantee for its holding subsidiary Shanxi MJ Huasheng Chemical New Materials Co., Ltd. to apply for a credit line of 50 million yuan from CITIC BANK, with a guarantee period of three years. This guarantee matter has been approved at the 2025 extraordinary shareholders' meeting. As of June 30, 2025, Huasheng Chemical's asset-liability ratio is 75.20%, and it has incurred operating losses in the past year. The company's guarantee balance for subsidiaries and affiliated companies is 77,463.511 million yuan, accounting for 53.60% of the most recent audited net assets attributable to the parent company. The company reminds investors to pay attention to risks"
datetime: "2025-09-26T08:49:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259016479.md)
  - [en](https://longbridge.com/en/news/259016479.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259016479.md)
generator: "portal-rs"
---

# 

Recently, Shanxi MJ Energy Co., Ltd. provided a joint liability guarantee for the credit exposure limit of 50 million yuan applied by its subsidiary, Shanxi MJ Huasheng Chemical New Materials Co., Ltd., to CITIC BANK Taiyuan Branch, with a guarantee period of three years. This guarantee matter was approved at the first extraordinary shareholders' meeting in 2025. As of June 30, 2025, Huasheng Chemical had a debt-to-asset ratio of 75.20% and incurred operating losses in the last year. After this guarantee, the remaining approved guarantee limit is 2,845,657.4 yuan; the company's guarantee balance for subsidiaries and affiliated companies is 7,746,351.1 yuan, accounting for 53.60% of the most recent audited net assets attributable to the parent company. The company reminds investors to pay attention to risks as the debt-to-asset ratio of the guaranteed party exceeds 70% and the guarantee for subsidiaries and affiliated companies exceeds 50% of net assets

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