What effect does external guarantee have on the company's profit?

See what company, if the guarantee company is the main business, profit is the premise. General enterprises, if the guaranteed unit can repay normally, will not have an impact. Only when the guaranteed enterprise is unable to repay the principal and interest or delays repayment of the principal and interest can it bear joint and several liability. At this time, contingent liabilities are generated, which may affect profitability. Perhaps most seriously, the company that provides the guarantee also faces the risk of bankruptcy.