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
