乐山电力控股子公司为下属公司担保700万元：详细解读及投资者关注要点

一、公告要点概览

• 担保金额：700万元人民币
• 担保对象：绵阳安泓文化传媒有限公司（安泓传媒）
• 担保方式：连带责任保证
• 担保期间：债务履行期限届满之日起三年
• 是否反担保：无反担保
• 担保人：绵阳安泓企业管理有限公司（乐山电力持股51%的控股子公司）
• 公司整体对外担保额度：截至本公告日，合计9,330万元，占最近一期经审计净资产的5.07%
• 逾期担保情况：无逾期担保

二、担保事项详细说明

乐山电力股份有限公司（简称“乐山电力”）于2026年3月18日发布公告称，控股子公司绵阳安泓企业管理有限公司（简称“安泓企管”）为其下属全资子公司绵阳安泓文化传媒有限公司（简称“安泓传媒”）向中国银行股份有限公司四川省分行申请700万元流动资金贷款提供连带责任担保。此前，安泓传媒曾于2025年10月向同一家银行申请同等金额贷款，但因业务调整，原合同终止，未实际放款。本次担保为新一笔贷款。

三、决策程序及合规性

本次担保事项严格按照上海证券交易所《上市公司自律监管指引第1号——规范运作》履行决策程序。因安泓传媒系安泓企管下属合并报表范围内公司，仅需履行安泓企管内部董事会及股东会审批程序，无需提交乐山电力股东大会审议。

四、被担保人基本情况

• 公司名称：绵阳安泓文化传媒有限公司
• 法定代表人：隆辉
• 注册资本：500万元人民币
• 成立时间：2022年9月9日
• 注册地址：四川省绵阳市科技城新区创新中心12号楼8层1室
• 股权结构：绵阳安泓建设发展有限公司100%持股（安泓企管全资子公司）
• 经营范围：
  • 文化艺术交流活动、广告制作、会议展览服务、技术服务、图文设计、设备销售与租赁、建筑材料销售、婚庆礼仪等多元业务。
  • 许可项目包括住宅装饰装修、出版物印刷、建设工程施工等。
• 主要财务数据：
  • 2025年12月31日（未经审计）：资产总额1,578.31万元，负债总额980.69万元，净资产597.62万元，营业收入1,928.43万元，净利润69.77万元
  • 2024年12月31日（经审计）：资产总额1,856.73万元，负债总额1,328.87万元，净资产527.86万元，营业收入2,333.41万元，净利润140.18万元

五、对投资者的影响及风险提示

本次担保属于乐山电力合并报表范围内的子公司之间业务支持，担保风险可控。整体对外担保总额占净资产比例仅为5.07%，远未触及需特别提示的50%、100%等监管红线，对公司整体运营及财务结构不会造成重大不利影响。公司无逾期担保记录，表明风险管理水平较高。

值得注意的是，安泓传媒主营业务涉及文化传媒及相关领域，近年来财务表现稳定，具备一定盈利能力，但资产规模相对较小，净资产不足600万元，投资者需关注其未来经营变化及行业风险对担保履约能力的影响。

整体来看，公告内容为公司内部结构性担保事项，风险可控，不会对公司股票价格造成重大波动，但建议投资者持续关注公司对外担保及子公司经营情况，防范潜在风险积累。

六、董事会意见

乐山电力董事会认为本次担保符合公司整体发展战略，有助于子公司持续稳定经营，不存在损害公司及中小股东利益的情形。公司能够对被担保方经营状况和资信情况进行有效掌控，担保风险可控。

七、担保总额与合规情况

• 公司担保总额9,330万元，占净资产5.07%，主为合并报表范围内下属公司担保。
• 无逾期担保，无违规担保事项。

结论

本次公告内容对公司经营影响有限，担保风险整体可控，未涉及超大额担保或合规风险，对公司估值及股价不会造成实质性影响，但投资者应持续关注公司整体对外担保水平及子公司经营状况。

免责声明： 本文仅为对乐山电力股份有限公司公告材料的新闻解读，不构成投资建议。投资有风险，请投资者据此自行判断并承担相应风险。

English Version

Leshan Electric Power Subsidiary Guarantees RMB 7 Million Loan for Subordinate Company: Detailed Analysis and Investor Notes

1. Key Points Overview

• Guarantee Amount: RMB 7 million
• Guaranteed Entity: Mianyang Anhong Cultural Media Co., Ltd.
• Guarantee Type: Joint and several liability guarantee
• Guarantee Period: Three years after debt maturity
• Counter Guarantee: None
• Guarantor: Mianyang Anhong Enterprise Management Co., Ltd. (Leshan Electric Power holds 51%)
• Total external guarantees: As of this disclosure, RMB 93.3 million, accounting for 5.07% of the latest audited net assets
• Overdue guarantees: None

2. Details of the Guarantee

On March 18, 2026, Leshan Electric Power Co., Ltd. announced that its controlled subsidiary, Mianyang Anhong Enterprise Management Co., Ltd., will provide a RMB 7 million joint and several guarantee for its wholly-owned sub-subsidiary, Mianyang Anhong Cultural Media Co., Ltd., to apply for a working capital loan from the Bank of China Sichuan Branch. A previous loan contract for the same amount was terminated due to business adjustments and was not executed. This guarantee concerns a new loan application.

3. Decision-Making Process and Compliance

The guarantee follows the Shanghai Stock Exchange’s self-regulation guidelines. Since the guaranteed party is within the consolidated financial statements, only the internal board and shareholders’ meeting of Anhong Enterprise Management needed to approve it; no Leshan Electric Power shareholders meeting was required.

4. Guaranteed Entity Profile

• Name: Mianyang Anhong Cultural Media Co., Ltd.
• Legal Representative: Long Hui
• Registered Capital: RMB 5 million
• Established: September 9, 2022
• Location: Room 1, 8F, Building 12, Innovation Center, Mianyang High-tech Zone, Sichuan
• Shareholding: 100% by Mianyang Anhong Construction Development Co., Ltd. (itself wholly owned by Anhong Enterprise Management)
• Business Scope:
  • Cultural and art exchange, advertising production, exhibition services, technical services, graphic design, equipment sales and leasing, building materials sales, wedding services, etc.
  • Licensed items include interior decoration, publication printing, construction engineering, and more.
• Main Financial Data:
  • As of Dec 31, 2025 (unaudited): Total assets RMB 15.78 million, total liabilities RMB 9.81 million, net assets RMB 5.98 million, revenue RMB 19.28 million, net profit RMB 697,700
  • As of Dec 31, 2024 (audited): Total assets RMB 18.57 million, total liabilities RMB 13.29 million, net assets RMB 5.28 million, revenue RMB 23.33 million, net profit RMB 1.40 million

5. Investor Impact and Risk Notes

This guarantee is an internal structural support within Leshan Electric Power’s consolidated subsidiaries, and the risk is considered controllable. The total guarantee amount is only 5.07% of net assets — well below regulatory warning lines (50%, 100%, etc.), with no overdue guarantees, indicating good risk management.

However, the guaranteed company operates in the cultural media sector and has relatively small net assets (less than RMB 6 million). Investors should monitor its business performance and industry risks, as these may affect guarantee fulfillment in the future.

Overall, the announcement involves a routine internal guarantee with controllable risk and is unlikely to significantly affect share prices. Investors are advised to continually track the company’s guarantee scale and its subsidiaries’ operating status to guard against potential risks.

6. Board Opinion

The board believes the guarantee aligns with the company’s development strategy and ensures stable subsidiary operations. There is no harm to the company or minority shareholders, and the risk is within control.

7. Guarantee Totals and Compliance

• Total guarantees: RMB 93.3 million, accounting for 5.07% of net assets, mainly within consolidated subsidiaries
• No overdue or non-compliant guarantees

Conclusion

This announcement has limited impact on company operations, with overall controllable risk. It does not involve large or controversial guarantees or compliance issues. There is no significant implication for the company’s valuation or share price, but investors should keep an eye on guarantees and subsidiary performance.

Disclaimer: This article is a journalistic interpretation of Leshan Electric Power’s public disclosure and does not constitute investment advice. Investors should make their own decisions and bear corresponding risks.

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