华升股份2026年度预计担保额度公告详解
华升股份2026年度预计担保额度公告详解
一、公告核心要点
- 预计担保对象：湖南华升金爽健康科技有限公司、湖南华升纺织科技有限公司、湖南华升株洲雪松有限公司
- 预计担保总额：不超过9,902.4万元，主要采取连带责任保证方式
- 反担保情况：本次担保无反担保
- 逾期担保：不存在担保逾期情形
- 资产负债率警示：金爽公司、纺织科技公司资产负债率超过70%，投资者需注意风险
- 董事会决议：2026年3月12日通过，待股东大会审议
- 授权有效期：自股东会审议通过之日起12个月
二、具体担保安排及财务数据
| 被担保公司 |
持股比例 |
资产负债率（最近一期） |
新增担保额度（万元） |
截至当前担保余额（万元） |
担保额度占净资产比例 |
是否有反担保 |
| 金爽健康科技 |
91.24% |
70.20% |
912.4 |
0 |
2.43% |
否 |
| 纺织科技 |
100% |
97.51% |
3,550 |
0 |
9.46% |
否 |
| 株洲雪松 |
80.73%（母公司），100%（孙公司） |
68.50% |
2,940（母公司）+2,500（孙公司） |
8,400（母公司）+0（孙公司） |
30.23%（母公司），6.66%（孙公司） |
否 |
三、被担保子公司详细情况
1. 湖南华升金爽健康科技有限公司
- 控股比例：91.24%
- 资产负债率：70.20%
- 2025年末资产总额3,103万元，负债总额2,178万元，净资产925万元
- 2025年营业收入1,020万元，净利润亏损601万元
- 经营范围：服装制造、销售，特种劳动防护用品及医疗器械相关业务
2. 湖南华升纺织科技有限公司
- 控股比例：100%
- 资产负债率：97.51%（极高，需重点关注）
- 2025年末资产总额21,721万元，负债总额21,180万元，净资产仅541万元
- 2025年营业收入8,360万元，净利润亏损1,351万元
- 经营范围：面料加工、纺织、服装制造及进出口业务
3. 湖南华升株洲雪松有限公司
- 控股比例：80.73%（母公司）、100%（孙公司）
- 资产负债率：68.50%
- 2025年末资产总额33,973万元，负债总额23,272万元，净资产10,701万元
- 2025年营业收入3,778万元，净利润亏损1,281万元
- 经营范围：纺织加工、服装制造、房地产租赁等
四、对投资者的潜在影响
- 公司本次担保总额约占最新净资产的26.98%，累计在外担保余额已达12,900万元，占净资产的34.38%，担保风险需高度关注。
- 被担保子公司普遍资产负债率较高，纺织科技公司资产负债率高达97.51%，财务压力大，若经营恶化，公司或面临实质性担保代偿风险。
- 上述担保有助于控股子公司融资与发展，有利于主营业务拓展与稳定经营，但也增加了母公司风险敞口。
- 本次担保未提供反担保措施，说明华升股份须承担较高的担保责任。
- 若子公司经营持续亏损或债务违约，可能对母公司利润、现金流甚至股价产生不利影响，投资者应持续关注相关变化。
- 本次议案尚需提交股东大会审议，存在未获通过的不确定性。
五、董事会意见
- 担保安排符合公司整体战略，有助于子公司融资和防范信用风险。
- 公司认为可有效监控资金流向，风险总体可控，不存在损害公司及股东利益的情形。
六、特别风险提示
- 金爽健康、纺织科技资产负债率超70%，纺织科技更高达97.51%，存在较大财务风险。
- 若被担保公司无法按时偿还债务，母公司可能承担代偿责任，影响业绩和股东回报。
- 投资者应密切关注公司后续披露和控股子公司经营状况。
七、结论
本次预计担保额度公告涉及金额较大，被担保子公司资产负债率高，存在较大潜在财务风险，属于可能影响公司未来经营和股价的重要事项。建议投资者高度关注相关进展及风险变化。
免责声明：本文基于公司公告内容整理，仅作为信息披露参考，不构成投资建议。投资者需结合自身情况和市场变化，谨慎决策。
English Version
Detailed Analysis of Hunan Huasheng Co., Ltd.’s 2026 Guarantee Limit Estimate Announcement
Detailed Analysis of Hunan Huasheng Co., Ltd.’s 2026 Guarantee Limit Estimate Announcement
1. Key Highlights
- Guaranteed Parties: Hunan Huasheng Jinshuang Health Technology Co., Ltd., Hunan Huasheng Textile Technology Co., Ltd., Hunan Huasheng Zhuzhou Cedar Co., Ltd.
- Estimated Guarantee Amount: Not exceeding RMB 99.024 million, mainly as joint liability guarantees
- Counter-Guarantee: No counter-guarantee for this round
- Overdue Guarantee: No overdue guarantee situation
- Debt Ratio Warning: Jinshuang and Textile Tech have asset-liability ratios over 70%, investors should pay attention to the risk
- Board Resolution: Passed on March 12, 2026, pending shareholder meeting approval
- Authorization Validity: Valid for 12 months from shareholder approval
2. Specific Guarantee Arrangements & Financial Data
| Guaranteed Company |
Equity Ratio |
Latest Debt Ratio |
New Guarantee Limit (10k RMB) |
Current Guarantee Balance (10k RMB) |
Guarantee as % of Net Assets |
Counter-Guarantee |
| Jinshuang Health Tech |
91.24% |
70.20% |
912.4 |
0 |
2.43% |
No |
| Textile Tech |
100% |
97.51% |
3,550 |
0 |
9.46% |
No |
| Zhuzhou Cedar |
80.73% (parent), 100% (sub) |
68.50% |
2,940 (parent) + 2,500 (sub) |
8,400 (parent) + 0 (sub) |
30.23% (parent), 6.66% (sub) |
No |
3. Details of Guaranteed Subsidiaries
1. Hunan Huasheng Jinshuang Health Technology Co., Ltd.
- Equity: 91.24%
- Debt Ratio: 70.20%
- Assets (end 2025): RMB 31.03m; Liabilities: RMB 21.78m; Net Assets: RMB 9.25m
- 2025 Revenue: RMB 10.2m; Net Loss: RMB 6.01m
- Main Business: Garment, protective equipment, medical devices, etc.
2. Hunan Huasheng Textile Technology Co., Ltd.
- Equity: 100%
- Debt Ratio: 97.51% (very high, risky)
- Assets (end 2025): RMB 217.21m; Liabilities: RMB 211.8m; Net Assets: RMB 5.41m
- 2025 Revenue: RMB 83.6m; Net Loss: RMB 13.51m
- Main Business: Textile, clothing, import/export, etc.
3. Hunan Huasheng Zhuzhou Cedar Co., Ltd.
- Equity: 80.73% (parent), 100% (sub)
- Debt Ratio: 68.50%
- Assets (end 2025): RMB 339.73m; Liabilities: RMB 232.72m; Net Assets: RMB 107.01m
- 2025 Revenue: RMB 37.78m; Net Loss: RMB 12.81m
- Main Business: Textile processing, garment manufacturing, real estate leasing, etc.
4. Potential Impact on Investors
- The guarantee limit is about 26.98% of the latest net assets, while cumulative guarantees have reached RMB 129m, about 34.38% of net assets—a major risk point.
- Subsidiaries generally have high debt ratios, especially Textile Tech with 97.51%, indicating heavy financial pressure. If operations worsen, Huasheng may face actual compensation risk.
- The guarantees will help subsidiaries’ financing and development, but also increase risk exposure for the parent.
- No counter-guarantees means Huasheng bears the full guarantee risk.
- If subsidiaries keep losing money or default, parent company profits, cash flow, and share price may be negatively affected. Investors should closely watch future developments.
- The proposal still needs shareholder approval and may not be passed.
5. Board Opinion
- The guarantee fits the company’s strategic needs, helps subsidiaries finance and control credit risk.
- The board believes risks are controllable and no harm to company and shareholder interests.
6. Special Risk Alert
- Jinshuang and Textile Tech have debt ratios over 70%, especially Textile Tech at 97.51%, which is highly risky.
- If guaranteed companies cannot pay back, the parent may have to compensate, impacting results and shareholder returns.
- Investors should closely monitor follow-up disclosures and the performance of guaranteed subsidiaries.
7. Conclusion
This guarantee limit announcement involves a large amount, with guaranteed subsidiaries having high debt ratios and significant financial risk potential. It is an important matter that could impact the company’s operations and share price. Investors are strongly encouraged to pay close attention to further progress and risk changes.
Disclaimer: This article is compiled based on company disclosures and is for information purposes only. It does not constitute investment advice. Please make prudent investment decisions in light of your own circumstances and market changes.
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