四川大西洋焊接材料股份有限公司公布2026年度日常关联交易预计公告
核心要点
- 董事会审议通过2026年度日常关联交易预计方案，需提交股东大会审议。
- 预计2026年度关联交易总额达17,233万元，较2025年实际发生额15,730.06万元略有提升。
- 主要关联交易为向江苏申源特种合金有限公司采购商品（15,500万元），占比近九成。
- 所有关联交易定价均以市场价格为基础，遵循公平合理原则。
- 关联董事在相关议案审议中已回避表决，独立董事发表了同意意见。
- 公司强调关联交易不会影响独立性，也不会对未来财务状况和经营成果产生不利影响。
详细解读
四川大西洋焊接材料股份有限公司（600558）于2026年4月3日召开董事会，审议并通过了2026年度与控股股东及其控股子公司、参股公司等发生日常关联交易的预计情况。相关议案将提交至2025年年度股东大会表决，关联股东需回避表决。
关联交易明细与变化
- 主要采购方： 江苏申源特种合金有限公司为公司最大关联采购方，2026年预计采购额为15,500万元（2025年实际为14,405.07万元）。
- 其他关联交易： 包括与四川大西洋集团、四川大西洋贸易、自贡硬质合金、天津合荣钛业等发生的租赁、商品销售及劳务提供等，金额相对较小。
- 2026年1-3月实际发生关联交易金额为3,173.20万元。
- 2025年全年实际发生额为15,730.06万元，略低于当年预计值19,658万元，主要因采购数量减少、价格下降。
关联方及履约能力
- 关联方主要为公司控股股东四川大西洋集团及其子公司、参股公司等，均具备较强履约能力。
- 江苏申源特种合金为公司控股子公司上海大西洋焊接材料有限责任公司持股49%的企业；天津合荣钛业为联营企业，董事交叉任职。
定价机制与独立性保证
- 所有关联交易均以市场价格为基础，定价公允合理。
- 独立董事对交易的必要性及公允性给予肯定，认为交易不会对公司独立性及财务状况产生不利影响。
- 公司强调不会因关联方交易对其形成依赖，亦不会损害中小股东利益。
对投资者的影响与关注事项
- 需股东大会最终审议通过，若未获通过，相关交易或受影响。
- 关联交易规模大，尤其是原材料采购环节，若主要供应商发生变化将对公司经营产生重要影响。
- 公司与控股股东及其子公司的持续往来，投资者需关注公司与关联方的业务独立性。
- 若关联交易定价或执行出现重大偏差，或因市场、政策变化影响采购成本，可能对公司利润水平造成波动。
结论
本次日常关联交易预计公告表明四川大西洋焊接材料股份有限公司2026年度将有较大规模的关联采购行为，涉及金额高达逾1.7亿元，对公司原材料供应链稳定和经营业绩有直接影响。投资者需密切关注后续股东大会审议情况以及公司与主要关联方的合作进展。此外，公司强调交易的公允性和独立性，若实际执行中发生重大变化，或可对公司股价产生影响。
免责声明
以上内容仅供参考，不构成任何投资建议。投资者据此操作，风险自负。请密切关注公司后续公告及相关市场变化。
English Version
Sichuan Atlantic Welding Materials Co., Ltd. Announces Estimated 2026 Related Party Transactions
Key Highlights
- Board of Directors approved the 2026 related party transaction plan, pending shareholder approval.
- Estimated total amount of related party transactions in 2026 is RMB 172.33 million, slightly up from RMB 157.3 million in 2025.
- Major transaction: procurement from Jiangsu Shenyuan Special Alloy Co., Ltd. (RMB 155 million), accounting for nearly 90% of total.
- All transactions priced at market rates, following fair and reasonable principles.
- Related directors abstained from voting on relevant proposals; independent directors expressed approval.
- Company emphasized that related transactions will not affect independence or adversely impact future financials.
In-depth Analysis
On April 3, 2026, Sichuan Atlantic Welding Materials Co., Ltd. (600558) convened its Board to review and approve the estimated related party transactions for 2026 with its controlling shareholder and subsidiaries, as well as associates. The proposals will be submitted to the 2025 annual shareholders’ meeting, with related shareholders abstaining from voting.
Transaction Details & Changes
- Main procurement party: Jiangsu Shenyuan Special Alloy Co., Ltd. remains the largest supplier, with 2026 estimated procurement at RMB 155 million (2025 actual: RMB 144.05 million).
- Other transactions: Include leasing, sales, and service provision with other related parties such as Sichuan Atlantic Group, Sichuan Atlantic Trading, Zigong Hard Alloy, and Tianjin Herong Titanium, but these are relatively small in scale.
- Actual related transactions in Q1 2026 totaled RMB 31.73 million.
- 2025 actual full-year related transactions were RMB 157.3 million, below the anticipated RMB 196.58 million, mainly due to reduced procurement volume and price drops.
Related Parties & Performance Capability
- Key related parties are mainly company’s controlling shareholder, subsidiaries, and associates, all with strong contractual performance capability.
- Jiangsu Shenyuan is 49% owned by the company’s subsidiary; Tianjin Herong is a wholly owned sub of an associate; there is board overlap among entities.
Pricing Mechanism & Independence
- All related transactions are based on market prices, ensuring fairness.
- Independent directors confirmed the necessity and fairness of the transactions and agreed that they will not impact the company’s independence or financials.
- The company asserts that it will not become dependent on related party transactions, nor will minority shareholders’ interests be harmed.
Investor Impact & Key Concerns
- Subject to shareholder approval—if not passed, related party transactions may be affected.
- Large scale of related procurement—changes in major suppliers may impact the company’s operations.
- Ongoing transactions with controlling shareholders—investors should monitor business independence.
- Significant deviations in pricing or execution, or changes in market/policy affecting procurement costs, could impact profit margins.
Conclusion
The announcement signals that Sichuan Atlantic Welding Materials Co., Ltd. anticipates over RMB 170 million in related party procurement for 2026, which will have a direct impact on its supply chain stability and earnings. Investors should closely monitor the outcome of the shareholder vote and the evolution of relationships with key related parties. The company stresses the fairness and independence of these transactions; significant deviations in execution could influence share prices.
Disclaimer
The above is for information only and does not constitute investment advice. Investors should operate at their own risk and follow subsequent company disclosures and market developments closely.
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