---
title: "Longquan Pipe Industry provides a guarantee of 10 million yuan for its wholly-owned subsidiary"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/257719229.md"
description: "Shandong Longquan Pipe Industry Co., Ltd. provides a guarantee of 10 million yuan for its wholly-owned subsidiary Zibo Longquan Pipe Industry Co., Ltd. to support its application for comprehensive credit from financial institutions. This guarantee is within the limit approved by the company in 2025 and does not require further review. Zibo Longquan's asset-liability ratio is 62.95%, and the company's external guarantee balance is 310 million yuan, accounting for 18.61% of net assets, with no overdue or non-performing guarantee situations"
datetime: "2025-09-17T11:34:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257719229.md)
  - [en](https://longbridge.com/en/news/257719229.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257719229.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/257719229.md) | [繁體中文](https://longbridge.com/zh-HK/news/257719229.md)


# Longquan Pipe Industry provides a guarantee of 10 million yuan for its wholly-owned subsidiary

Shandong Longquan Pipe Industry Co., Ltd. announced that its wholly-owned subsidiary Zibo Longquan Pipe Industry Co., Ltd. needs to apply for comprehensive credit from financial institutions due to business development. The company signed a "Maximum Guarantee Contract" with Qingdao Bank Zibo Zichuan Branch, providing a joint liability guarantee of up to 10 million yuan for Zibo Longquan. This matter is within the guarantee limit approved by the company in 2025 and does not need to be submitted for further review. Zibo Longquan's latest debt-to-asset ratio is 62.95%. As of the announcement date, the company's actual external guarantee balance is 310 million yuan, accounting for 18.61% of the latest audited net assets attributable to shareholders of the listed company, with no overdue or other adverse guarantee situations

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