华光环能为高州协鑫燃气分布式能源有限公司提供担保进展公告

要点摘要

• 华光环能（600475）董事会及股东会已批准2026年为参股公司高州协鑫燃气分布式能源有限公司（“高州燃机”）提供最高不超过2.8亿元人民币的担保额度。
• 公司已与国联财务有限责任公司签署《最高额保证合同》，对高州燃机在国联财务的贷款提供最高5950万元的连带责任担保。
• 目前，国联财务已向高州燃机累计发放贷款1.685亿元，华光环能按35%持股比例提供担保，实际担保金额为5897.50万元。
• 高州燃机近期经营压力较大，最新财务数据显示2025年前9个月净亏损2126.74万元，2024年全年净亏损2881.26万元。
• 截至公告披露日，公司及控股子公司对外担保总额为10.9544亿元，占最近一期经审计净资产的12.42%；其中为高州燃机累计担保2.1639亿元。
• 目前公司无逾期担保情况。

详细内容

一、担保事项背景

2026年2月11日，华光环能召开第九届董事会第六次会议，2月27日召开2026年度第一次临时股东会，审议并通过了《关于2026年对外担保预计的议案》，同意为参股公司高州燃机提供总额不超过2.8亿元的担保，以满足其生产经营资金需求、保障运营稳定性和可持续发展。

二、担保进展

华光环能已与国联财务有限责任公司签订《最高额保证合同》，约定在不超过5950万元的最高债权额度内，为高州燃机贷款提供连带责任担保。截至目前，国联财务实际已向高州燃机发放贷款1.685亿元。华光环能与高州燃机其他股东——广州高新区投资集团有限公司、科学城（广州）绿色融资担保有限公司、协鑫能源科技股份有限公司——分别按35%、30%、19%、16%的持股比例提供担保。华光环能实际担保金额为5897.50万元。

三、被担保公司基本情况

• 公司名称：高州协鑫燃气分布式能源有限公司
• 注册地：高州市金山工业园金山四路西侧
• 法定代表人：朱建国
• 注册资本：1.57亿元人民币
• 成立时间：2017年7月5日
• 经营范围：燃气分布式发电、供热、供冷，非食用冰生产销售，燃气经营，技术服务与推广等。

财务数据

可以看出，高州燃机负债率较高，且连续亏损，净资产持续下降，短期内资金及经营压力较大。华光环能为其提供担保存在一定的财务风险，但也有助于维持参股公司运营。

四、担保合同主要条款

• 担保合同涉及最高债权额度为5950万元，担保范围包括贷款本金、利息、罚息、违约金、赔偿金及实现债权和担保权的相关费用。
• 每笔债务履行期届满后的三年内为保证期间，分期履行的，以最后一期届满三年计算。
• 担保方式为连带责任担保，国联财务可直接向华光环能主张权利，且华光环能无条件放弃抗辩权。
• 合同自三方签字盖章或加盖公章后生效。

五、公司整体担保情况

截至公告披露日，公司及控股子公司对外担保总额为10.9544亿元，占上市公司最近一期经审计净资产的12.42%，其中对控股子公司和参股公司担保金额合计6.5192亿元，占净资产的7.39%。为高州燃机累计担保2.1639亿元，为汕头益鑫担保4.3553亿元，中设国联及国联环科分别为下属控股子公司担保2.1292亿元和2.3059亿元。除上述担保外，公司无其他对外担保，也无逾期担保情况。

对投资者的影响与关注点

• 担保金额巨大：本次及累计担保金额较大，增加了公司整体担保风险，若被担保方经营恶化可能影响公司业绩表现。
• 被担保企业亏损风险：高州燃机连续两年净亏损，净资产持续下滑，对华光环能的担保责任履行能力形成压力，需关注其后续盈利与现金流改善情况。
• 公司无逾期担保但整体担保规模高：虽然当前无逾期担保，但整体对外担保金额较大，投资者应持续关注相关风险及高州燃机的经营状况。

免责声明

以上内容仅为新闻报道与信息披露，不构成任何投资建议。投资者需根据自身情况和风险偏好，谨慎决策。公司未来业绩与股价可能受被担保企业经营状况、担保责任履行等多因素影响。

English Version

Huaguang Environmental & Energy Group Provides Guarantee for Associate Company Gaozhou Xiexin Gas Distributed Energy Co., Ltd.

Key Points

• The Board and Shareholders of Huaguang Environmental & Energy Group (600475) approved a guarantee up to RMB 280 million in 2026 for its associate Gaozhou Xiexin Gas Distributed Energy Co., Ltd. (“Gaozhou Gas Plant”).
• The company signed a “Maximum Guarantee Contract” with Guolian Finance, providing a joint liability guarantee up to RMB 59.5 million for loans taken by Gaozhou Gas Plant.
• As of now, Guolian Finance has issued a total of RMB 168.5 million in loans to Gaozhou Gas Plant. Huaguang, as a 35% shareholder, undertakes RMB 58.975 million in guarantee liability.
• Gaozhou Gas Plant is facing financial stress, reporting a net loss of RMB 21.267 million for the first nine months of 2025 and a net loss of RMB 28.8126 million in 2024.
• As of the announcement, Huaguang and its subsidiaries have total external guarantees of RMB 1.09544 billion, accounting for 12.42% of net assets, with a cumulative guarantee to Gaozhou Gas Plant of RMB 216.391 million.
• No overdue guarantees as of disclosure date.

Details

1. Background

On February 11, 2026, Huaguang’s Board approved, and on February 27, 2026, shareholders ratified, the resolution to provide up to RMB 280 million in guarantees for Gaozhou Gas Plant to meet its operational funding needs and ensure stable, sustainable operations.

2. Progress of Guarantee

Huaguang signed a “Maximum Guarantee Contract” with Guolian Finance, providing up to RMB 59.5 million in joint liability guarantee for Gaozhou Gas Plant. As of now, Guolian Finance has issued a total of RMB 168.5 million in loans, with guarantee liabilities shared by shareholders based on their stakes (35% for Huaguang). Huaguang’s actual guarantee is RMB 58.975 million.

3. Profile of Guaranteed Company

• Name: Gaozhou Xiexin Gas Distributed Energy Co., Ltd.
• Registered Address: Jinshan Industrial Park, Jinshan 4th Road West, Gaozhou
• Legal Representative: Zhu Jianguo
• Registered Capital: RMB 157 million
• Established: July 5, 2017
• Scope: Gas-fired distributed power, heating, cooling, non-edible ice production/sales, gas operations, technical services etc.

Financial Data

The data shows high leverage and consecutive losses for Gaozhou Gas Plant, with declining net assets and increasing financial pressure. While the guarantee supports operations, it increases Huaguang’s financial risks.

4. Main Terms of Guarantee Contract

• Maximum guarantee amount is RMB 59.5 million, covering principal, interest, penalty, damages, and all costs related to debt enforcement.
• Guarantee period is three years after each debt maturity, or three years after the last installment for staged debts.
• Joint liability guarantee: Guolian Finance can claim directly from Huaguang, which waives the right of defense.
• Contract effective upon signature/seal by all three parties.

5. Company’s Overall Guarantee Exposure

As of disclosure, Huaguang and its subsidiaries have external guarantees totaling RMB 1.09544 billion (12.42% of net assets), with RMB 651.9241 million for subsidiaries and associates (7.39% of net assets). For Gaozhou Gas Plant, cumulative guarantees are RMB 216.391 million. There are also large guarantees for other subsidiaries. No overdue guarantees currently.

Investor Impact and Key Concerns

• Significant Guarantee Exposure: The high guarantee amounts raise the company’s risk profile. Deterioration in the guaranteed company could impact Huaguang’s performance.
• Guaranteed Company Loss Risk: Gaozhou Gas Plant’s consecutive losses and declining net assets may pressure Huaguang if guarantees are enforced. Investors should monitor improvements in profitability and cash flow.
• No Overdue Cases but High Guarantee Level: While no overdue guarantees exist, the overall exposure is high. Investors should continue to monitor the risk and performance of guaranteed entities.

Disclaimer

The above is a news report and information disclosure only and does not constitute investment advice. Investors should make prudent decisions based on their own risk tolerance. Future performance and stock price may be affected by the guaranteed entity’s operations and guarantee enforcement.

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