Summary by Futu AI
China Railway announced on October 30, 2024, that the actual amount of external guarantees in the third quarter of 2024 was 1.997 billion yuan. The guaranteed parties involved in this period include 12 wholly-owned subsidiaries, 1 holding subsidiary, and 1 joint-stock company, and it is confirmed that these guaranteed parties are not related parties of the company. As of September 30, 2024, the company's total external guarantee balance was 128.335 billion yuan, including a contingent liability supplement of 68.935 billion yuan. The company emphasized that the total amount of external guarantees is controlled within 50% of the net assets attributable to the parent company in the most recent period audited, and reminded investors to pay attention to the relevant risks where the guaranteed party's asset-liability ratio mostly exceeds 70%. In addition, the company stated that the guarantee matters of this period are within the scope of external guarantees approved by the board of directors and shareholders' meeting, aimed at supporting the project construction and daily operations of subsidiaries and joint-stock companies, with no occurrences of overdue external guarantees.
