Chinese Universe Publishing And Media Group Co.Ltd(600373) : the company provides credit guarantee for the wholly-owned subsidiary blue ocean international trade, which is mainly used for its bill opening and letter of credit settlement business

After AI express, investors ask questions on the investor interaction platform: as of September 31, 2021, Jiangxi blue ocean international trade has total assets of 1.493 billion yuan, total liabilities of 1.508 billion yuan, revenue of 1.397 billion yuan and net profit of – 33 million. I would like to ask, what is the significance of such a company to the overall operation of Chinese? On the surface, it is insolvent. In terms of liquidity, 1.397 billion revenue, losses and Chinese guarantee can create any value for shareholders of listed companies?

Chinese Universe Publishing And Media Group Co.Ltd(600373) (600373. SH) said on the investor interaction platform on December 24 that Chinese Universe Publishing And Media Group Co.Ltd(600373) provides credit guarantee for the wholly-owned subsidiary blue ocean international trade, which is mainly used for its bill opening and letter of credit settlement business. Relevant financial data are reflected in the announcement of the company’s guarantee for the subsidiary.

(Daily Economic News)

 

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