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Disclosure topic / 06

Guarantees

What it means

Guarantee disclosures show when a listed company or its subsidiaries provide credit support for other entities, including guarantee amounts, beneficiaries, overdue status, and counter guarantees.

Editor’s note

Guarantees can turn someone else’s debt into the listed company’s risk. The footnotes and follow up announcements are often more important than the headline.

Connected evidence

Records linked to this topic

17 Disclosure Note

Offcn Education · 002607.SZ

Offcn's Guarantee Total Counts Some Debts More Than Once

The 2025 annual report, p.58, states that the same credit or debt arrangements can be listed in both company-to-subsidiary and subsidiary-to-subsidiary categories, causing repeated counting. The reported CNY1.308 billion aggregate and 172.78% ratio are not a reconciled measure of distinct debt.

Offcn explicitly states that compound guarantees cause repeated counting in its headline totals. Debt, support obligations, restricted assets, and cash-flow bridges explain why the aggregate is not unique principal, while deduplication alone does not resolve the financial-flexibility question.

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  • Guarantees
  • Cash Flow
  • Annual Reports
03 Company Review

Beijing Oriental Eco-New Energy Co., Ltd. · 002310.SZ

Dongfang Xinneng's Next Test After Restructuring

Positive equity returned after restructuring, but losses continued. The proposed renewable-energy purchase would add leverage and goodwill, making its funding and expected cash generation the next test.

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  • Company Disclosure Review
  • Restructuring
  • Accounting Issue
02 Company Review

Zhongtai Chemical Co., Ltd. · 002092.SZ

Zhongtai Chemical After the Corrections

After correcting historical revenue and repaying occupied funds, Zhongtai continued to report losses alongside positive operating cash flow. Related-party finance, guarantees, and asset valuations help explain what changed and what remains exposed.

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  • Company Disclosure Review
  • Accounting Issue
  • Regulatory Issue
01 Company Review

China Fortune Land Development Co., Ltd. · 600340.SH

China Fortune Land's Unfinished Debt Workout

Debt settlements have improved reported results in some periods without restoring operating cash generation. Large contract assets, guarantees, and the unfinished restructuring leave the timing of recovery open.

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  • Company Disclosure Review
  • Restructuring
  • Audit Opinion