亨通股份为全资子公司亨通精密铜箔科技（德阳）有限公司提供担保进展公告

要点概述

• 亨通股份（证券代码：600226）公告为其全资子公司亨通精密铜箔科技（德阳）有限公司（以下简称“亨通铜箔”）提供1亿元人民币流动资金贷款担保。
• 担保对象为亨通铜箔，此次担保金额为10,000万元，实际已提供的担保余额为59,664.58万元，且本次担保在前期预计额度范围内。
• 本次担保无反担保，且担保对象资产负债率超过70%，存在一定风险提示。
• 公司及控股子公司累计对外担保总额为79,664.58万元，占2024年度经审计净资产的23.33%。公司未出现逾期担保情形。

详细情况解读

为满足亨通铜箔经营发展资金需求，亨通股份与成都银行金牛支行签署《最高额保证合同》，对亨通铜箔在成都银行金牛支行申请的流动资金贷款提供连带责任保证，最高担保本金限额为10,000万元。该担保合同明确了保证期间和范围，保证期间最长可达主债权履行期满后三年，担保范围涵盖主债权本金、利息、罚息、复利及相关费用（包括诉讼费、律师费等全部实现债权的费用）。

公司董事会和股东会已提前审议并批准了2026年度对外担保额度，授权董事长或授权代表在150,000万元的担保额度内办理相关担保事项，本次担保无需再次召开董事会及股东会审议。

被担保人详细情况

• 亨通铜箔为亨通股份全资子公司，注册资本为60,000万元，成立于2021年，注册地址为四川省德阳市旌阳区八角井街道雪山路888号。
• 经营范围涵盖电子专用材料制造、新材料研发、有色金属压延加工、技术及货物进出口等。
• 2025年9月30日资产总额为200,179.76万元，负债总额159,153.01万元，资产净额41,026.75万元。2025年1-9月营业收入87,090.93万元，净利润为-5,294.73万元（亏损）；2024年度净利润为-11,672.81万元（亏损）。

董事会意见与风险提示

董事会认为本次担保有助于提升融资效率，推进公司转型发展，符合公司及全体股东利益。被担保子公司经营正常、资信状况良好，担保风险可控，且本次担保未超出授权额度范围。

需特别关注的是，亨通铜箔资产负债率超过70%，且近期持续亏损，担保存在一定风险，投资者应密切关注相关资金使用情况及公司后续经营表现。

对股东及投资者的影响

• 本次担保事项在预计额度范围内，未超过公司净资产50%，对公司资本结构和风险承受能力影响有限。
• 由于亨通铜箔资产负债率较高且近期持续亏损，若未来经营情况未有明显改善，可能对上市公司整体财务状况带来压力，需投资者重点关注。
• 公司对外担保总额占净资产比例为23.33%，目前无逾期担保及对控股股东、实际控制人及其关联人担保行为，整体风险可控。

结语

本公告披露了亨通股份为全资子公司提供担保的详细情况，虽然整体在授权额度范围内，但亨通铜箔高负债率及持续亏损值得投资者警惕。此举将提升公司融资效率和业务发展，但也带来一定担保风险，建议投资者持续关注后续经营和资金使用情况。

免责声明：本文信息仅供参考，不构成投资建议。投资者应结合自身判断及风险偏好做出决策，亨通股份及其子公司未来经营及财务状况可能受多种因素影响，敬请留意公司后续公告。

English Version

Hengtong Co., Ltd. Provides Guarantee for Wholly-Owned Subsidiary: Key Progress Announcement

Summary of Key Points

• Hengtong (Stock code: 600226) announced a guarantee of RMB 100 million for its wholly-owned subsidiary, Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. (“Hengtong Copper Foil”) for working capital loans.
• The guarantee amount is RMB 100 million, with the actual guarantee balance already at RMB 596.6458 million. The current guarantee is within previously approved limits.
• No counter-guarantee is involved, and the subsidiary’s asset-liability ratio exceeds 70%, which constitutes a risk warning.
• The company’s total external guarantee amounts to RMB 796.6458 million, accounting for 23.33% of the audited net assets for 2024. No overdue guarantees reported.

Detailed Explanation

To support the funding needs of Hengtong Copper Foil, Hengtong Co. signed a “Maximum Guarantee Contract” with Chengdu Bank Jinniu Branch, providing joint liability guarantee for a RMB 100 million working capital loan. The contract specifies a guarantee period of up to three years after debt maturity, and covers principal, interest, penalty interest, compound interest, and all related costs (including litigation, lawyer, and enforcement costs).

The board and shareholders’ meetings have pre-approved an external guarantee limit of RMB 1.5 billion for 2026, authorizing the chairman or representatives to handle guarantees within this quota. This guarantee does not require further board or shareholder approval.

Subsidiary Details

• Hengtong Copper Foil is wholly owned by Hengtong Co., with registered capital of RMB 600 million, established in 2021, located at Xueshan Road, Jingyang District, Deyang, Sichuan.
• Business scope includes electronic materials manufacturing, new materials R&D, non-ferrous metal processing, and import/export.
• As of September 30, 2025: total assets RMB 2.0017976 billion, liabilities RMB 1.5915301 billion, net assets RMB 410.2675 million. 2025 Q1-Q3 revenue RMB 870.9093 million, net loss RMB 52.9473 million; 2024 net loss RMB 116.7281 million.

Board Opinion & Risk Warning

The board believes this guarantee improves financing efficiency and supports business development, aligning with company and shareholder interests. The subsidiary is operating normally with good credit, and risks are controllable.

However, the subsidiary’s high leverage and ongoing losses warrant caution. Investors should closely monitor capital usage and operational performance.

Implications for Shareholders & Investors

• This guarantee is within the approved quota and does not exceed 50% of the company’s net assets, with limited impact on capital structure and risk tolerance.
• Given the subsidiary’s high liability ratio and continued losses, if performance does not improve, it could put financial pressure on the listed company. Investors should pay close attention.
• Total external guarantees comprise 23.33% of net assets; no overdue guarantees or guarantees for controlling shareholders/related parties. Overall risk is controllable.

Conclusion

This announcement details Hengtong’s guarantee for its subsidiary. While within authorized limits, the subsidiary’s high debt and ongoing losses are risk factors. The move aims to improve financing and business growth, but investors should remain vigilant about future performance and fund usage.

Disclaimer: This information is for reference only and not investment advice. Investors should make decisions based on their own judgment and risk tolerance. Company and subsidiary performance may be affected by various factors; please follow subsequent announcements.

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