ZJMY/Wuhu are new companies and haven't issued bonds, so their only debit is private (owner's capital) and bank loans. Because they have few revenues and aren't credit worthy yet, bank loans are less likely. We've seen pics of their shiny new manufacturing facility, and I'm ball parking it at 100M.
That means the company owes it owners that 100M, and is about as leveraged as TSLA, but not one of these early stage startups with no assets and years of retained losses (negative book value).
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