福田汽车2026年年度担保计划进展公告详解

一、公告要点概述

• 福田汽车（600166）根据上海证券交易所要求，披露了2026年度担保计划范围内的月度担保进展情况。
• 2026年2月，公司及控股子公司新增担保金额为0.6382亿元，全部为对关联方安鹏融资租赁（天津）有限公司（简称“安鹏天津”）提供的担保。
• 截至2026年2月底，对安鹏中融及其下属子公司的担保余额为73.52亿元。
• 无逾期担保，公司所有担保均在年度股东会批准额度范围之内。

二、详细担保情况

公司对安鹏天津的担保总额处于2026年度担保计划批准额度内。具体新增担保如下：

• 2026年2月2日，向招商银行北京分行提供0.24545亿元担保。
• 2026年2月4日，向上海浦发银行北京分行提供0.39272亿元担保。
• 两笔担保均为连带责任保证，且安鹏天津提供反担保，北京汽车集团有限公司按照50.91%股比共同承担担保责任。

三、担保对象与财务状况

被担保方安鹏天津为法人单位，北京安鹏中融汽车新零售科技有限公司全资控股，注册资本4.3亿元。2025年1-9月资产总额16.7亿元，负债总额11.8亿元，净资产4.88亿元，营业收入6330万元，净利润113万元（未经审计）。

四、担保必要性与合理性分析

公司表示，为安鹏天津提供担保旨在支持福田汽车产品销售及供应链资金流通，通过金融服务提升整体竞争力。并综合考量被担保方盈利能力、偿债能力及反担保措施，评估认为风险可控，不会损害公司及股东利益。

五、累计担保及风险提示

• 2026年2月，福田汽车及控股子公司对外担保总额（不含回购责任）为0.64亿元，占最近一期净资产0.45%。
• 截至2月底，对外担保余额（不含回购责任）为114.48亿元，回购责任担保余额47.77亿元，分别占净资产79.94%和33.36%。
• 其中，对控股股东及关联方担保余额高达73.52亿元，占净资产51.34%。
• 无逾期担保，所有担保均在年度授权额度范围内。

六、可能影响股价的重要事项

• 担保余额与净资产比重较高：福田汽车对外担保余额占净资产比例接近80%，其中对关联方担保超50%。若关联方出现流动性风险，或外部环境恶化，担保风险可能迅速放大，对公司财务与股价形成较大压力。
• 担保集中于关联方：担保主要集中于控股股东及关联公司，投资者需关注相关方的财务稳健性及偿债能力。
• 股东会已充分授权：本次所有担保均在年度股东会授权额度内，显示公司治理规范，但大额担保本身仍需投资者高度关注。

七、结论

福田汽车2026年2月的担保行为符合公司年度计划及授权，但对外担保总额及关联方担保余额占净资产比重较高，存在一定财务风险。建议投资者密切关注后续担保变化及被担保方的经营、偿债情况，防范潜在风险对公司业绩及股价的影响。

免责声明：本新闻稿仅供参考，不构成任何投资建议。投资者应结合自身情况审慎决策，股价波动风险需自担。

English Version

Foton Motor: Detailed Analysis of the 2026 Annual Guarantee Progress Report

1. Key Points Overview

• Foton Motor (600166) disclosed its monthly guarantee progress within the scope of the 2026 annual guarantee plan, as required by the Shanghai Stock Exchange.
• In February 2026, the company and its subsidiaries provided a total new guarantee of RMB 63.82 million, all to related party Anpeng Financial Leasing (Tianjin) Co., Ltd. (“Anpeng Tianjin”).
• As of the end of February 2026, the guarantee balance for Anpeng Zhongrong and its subsidiaries reached RMB 7.352 billion.
• No overdue guarantees—all guarantees are within the limits approved by the annual general meeting.

2. Detailed Guarantee Situation

All guarantees for Anpeng Tianjin remain within the annual authorized limit. The new guarantees in February include:

• Feb 2, 2026: RMB 24.545 million guarantee for China Merchants Bank Beijing Branch.
• Feb 4, 2026: RMB 39.272 million guarantee for Shanghai Pudong Development Bank Beijing Branch.
• Both are joint liability guarantees, with Anpeng Tianjin providing counter-guarantees. BAIC Group co-guarantees 50.91% by shareholding ratio.

3. Guaranteed Object & Financials

The guaranteed party, Anpeng Tianjin, is a wholly-owned subsidiary of Beijing Anpeng Zhongrong Auto New Retail Technology Co., Ltd., with registered capital of RMB 430 million. As of Jan-Sep 2025, total assets were RMB 1.67 billion, liabilities RMB 1.18 billion, net assets RMB 487 million, operating income RMB 63.3 million, and net profit RMB 1.13 million (unaudited).

4. Necessity & Rationality Analysis

The company said these guarantees aim to support Foton Motor’s product sales and supply chain funding, enhancing competitiveness. After considering the guaranteed party’s profitability, solvency, risk, and counter-guarantee measures, the company believes risks are controllable and do not harm shareholders.

5. Cumulative Guarantees and Risk Warnings

• In February 2026, Foton Motor and subsidiaries’ total external guarantees (excluding buyback liability) amounted to RMB 64 million, 0.45% of the latest audited net assets.
• As of end-February, the guarantee balance (excluding buyback liability) was RMB 11.448 billion, and buyback liability guarantee balance was RMB 4.777 billion, accounting for 79.94% and 33.36% of net assets, respectively.
• Among them, the guarantee balance for controlling shareholders and related parties was as high as RMB 7.352 billion, 51.34% of net assets.
• No overdue guarantees; all within annual authorization limits.

6. Price-sensitive Issues for Investors

• High Guarantee-to-Net Asset Ratio: Foton Motor’s guarantee balance is nearly 80% of net assets, with related-party guarantees above 50%. Any liquidity risk in the related parties could quickly amplify guarantee risks, pressuring the company’s financials and share price.
• Guarantees Concentrated in Related Parties: Guarantees are mainly concentrated in controlling shareholders and affiliates. Investors should closely monitor the financial health and solvency of these parties.
• Fully Authorized by Shareholders: All current guarantees are within annual shareholder-approved limits, reflecting good governance; however, the large guarantee size remains a risk.

7. Conclusion

Foton Motor’s February 2026 guarantees are in line with annual plans and authorizations. However, the high guarantee-to-net-asset ratio, especially to related parties, presents significant financial risk. Investors are advised to closely monitor guarantee changes and the financial health of the guaranteed parties to prevent potential impacts on performance and share price.

Disclaimer: This news release is for reference only and does not constitute investment advice. Investors should make decisions prudently and bear the risks of price volatility themselves.

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