Yesterday, Muyuan Food Co., Ltd. (hereinafter referred to as “muyuan shares”, 002714) issued the “notice on accumulated new loans exceeding 60% of the net assets at the end of the previous year”. The announcement said that the accumulated amount of new loans in 2020 had exceeded 60% of the net assets at the end of the previous year, which had no significant adverse effect on debt repayment ability. According to the announcement, < / P > < p > by the end of 2019, the net assets of muyuan shares was 31.712 billion yuan, and the loan balance was 11.224 billion yuan. As of September 30, 2020 (without audit), the company’s loan balance was 30.759 billion yuan, an increase of 19.535 billion yuan compared with the end of 2019, accounting for 61.60% of the net assets at the end of 2019. < p > < p > among them, bank loans amounted to 16.265 billion yuan, accounting for 51.29% of the net assets at the end of 2019; corporate bonds, corporate bonds, financial bonds, non-financial corporate debt financing instruments were 2.199 billion yuan, accounting for 6.93% of the net assets at the end of 2019; 1.071 billion yuan of entrusted loans, financial leasing loans, and micro loans accounted for 3.38% of the net assets at the end of 2019. According to muyuan shares, the above-mentioned new loans are used to meet the needs of the company’s business development, and the company’s business is in a stable and normal state. The above new loans have no significant adverse effect on the company’s solvency. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.