Summary by Moomoo AI
Zhuzhou Zhongzhi Time Electric Co., Ltd. (Time Electric) issued a notice on March 28, 2024, announcing a summary of the latest annual financial statements of its wholly-owned subsidiaries Soil Machine Dynamics Limited and Shanghai Zhongzhi Ocean Equipment Co., Ltd., as well as Ningbo Mid-Century Sensing Technology Co., Ltd. The report shows that Soil Machine Dynamics Limited has a balance debt ratio of 112.25%, and Ningbo Zhongshan Sensing Technology Co., Ltd. has a balance debt ratio of 50.90%. In addition, Times Electric has provided Soil Machine Dynamics Limited with a guarantee of £2500 million for a 12-month term, with the beneficiary being Barclays Bank. The announcement was issued on behalf of the Board of Directors of Time Electric Chairman Li Donglin.