南钢股份为控股子公司提供担保进展公告——投资者详细解读

南京钢铁股份有限公司（600282）于2026年4月22日发布公告，披露其为控股子公司湖南南钢合力新材料有限公司（简称“湖南合力”）提供银行担保的最新进展。以下为本次公告的关键信息和投资者需重点关注的细节。

一、公告要点概览

• 担保对象：湖南南钢合力新材料有限公司（法人，成立于2018年12月5日，注册资本2亿元，控股股东为河南南钢合力新材料股份有限公司，持股51%）。
• 担保额度：本次新增担保金额为1,020万元人民币。实际为其提供的担保余额为12,169.52万元人民币。
• 担保方式：按照持股比例对湖南合力和湖南银行之间的授信业务提供连带责任保证。河南合力持股51%，本次担保的贷款本金最高限额为1,020万元。
• 是否有反担保：本次担保无反担保安排。
• 担保余额与净资产比：截至公告日，公司及控股子公司对外担保总额为652,870.38万元，占最近一期经审计净资产的23.56%。公司对全资、控股子公司担保总额为504,000万元，占净资产18.19%。
• 逾期担保：无逾期担保情况。
• 资产负债率：湖南合力资产负债率超70%，属于高负债单位，担保风险需关注。

二、董事会与股东大会审批情况

本次担保事项已于2026年1月9日经第九届董事会第十四次会议、2026年1月26日经2026年第一次临时股东大会审议通过。董事会及全体董事确认公告内容真实、准确、完整。

2026年度公司为控股子公司湖南合力新增不超过11,500万元的银行授信担保额度，本次担保金额在该额度范围之内。

三、被担保子公司经营与财务状况

• 公司性质：控股子公司
• 股东结构：河南合力持股51%，湖南福天兴业投资集团有限公司持股49%
• 经营范围：涵盖建筑用钢筋生产与销售、钢压延加工、煤炭及金属材料销售、供应链服务、普通货物仓储、软件开发、工业互联网数据服务等多元业务。
• 财务指标（未经审计）：
  • 2026年3月31日资产总额：30,669.68万元
  • 负债总额：29,800.21万元
  • 资产净额：869.47万元
  • 2026年1-3月营业收入：4,739.62万元
  • 2026年1-3月净利润：-646.20万元 ；2025年度净利润：-2,618.02万元
• 经营风险：公司净资产较低且连续亏损，资产负债率高，需关注该担保项下可能存在的潜在财务风险。

四、担保协议主要内容

• 银行：湖南银行岳阳分行
• 担保方式：连带责任保证
• 担保贷款本金最高限额：1,020万元
• 保证期间：贷款期限届满至次日三年，若贷款提前到期则从提前到期日起三年
• 反担保：无

五、对股东及股价的潜在影响

本次担保事项，虽然在董事会和股东大会批准额度范围内，且公司整体担保规模未超过50%净资产，但担保对象湖南合力资产负债率高且经营亏损，未来若其无法按期偿还贷款，公司需承担连带责任，可能影响公司资金安全及财务状况。 此外，公司对外担保总额较大，对风险偏好的投资者具有一定参考价值。若市场认为担保风险上升，可能对公司股价产生阶段性压力。

六、风险提示

• 本次担保对象资产负债率超过70%，存在一定财务风险，需持续关注。
• 公司严格执行内部信用审查，制定相应保障措施，目前无逾期担保，但未来仍应警惕潜在风险。
• 公司未对控股股东和实际控制人及其关联人提供担保。

七、公告结论

本次担保事项为公司控股子公司正常经营发展提供支持，符合法规和公司治理要求，暂无对公司整体经营造成重大不利影响，但高负债子公司的担保风险、整体担保规模等问题值得投资者持续关注。

免责声明：本文章内容仅供投资者参考，不构成任何投资建议。投资者据此操作，风险自负。请关注公司后续公告及财务报告，理性判断投资决策。

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English Version

Nanjing Iron & Steel (600282) Announces Progress Update on Guarantee for Controlling Subsidiary: Detailed Investor Analysis

Nanjing Iron & Steel Co., Ltd. released an announcement on April 22, 2026, detailing the latest progress in providing a bank guarantee for its controlling subsidiary, Hunan Nanjing Helix New Materials Co., Ltd. (“Hunan Helix”). Below is a comprehensive breakdown of key information and critical details for investors.

1. Key Highlights of the Announcement

• Guarantee Target: Hunan Nanjing Helix New Materials Co., Ltd. (legal entity, established December 5, 2018, registered capital RMB 200 million, 51% held by Henan Nanjing Helix New Materials Co., Ltd.).
• Guarantee Amount: New guarantee amount of RMB 10.2 million. Outstanding guarantee balance: RMB 121.6952 million.
• Guarantee Method: Joint and several liability guarantee provided according to shareholding ratio for the credit business between Hunan Helix and Hunan Bank. Henan Helix holds 51%, with a maximum guarantee principal of RMB 10.2 million this time.
• Counter Guarantee: No counter guarantee for this transaction.
• Guarantee Balance vs. Net Assets: As of the announcement date, total external guarantees by the company and subsidiaries: RMB 6.5287 billion, accounting for 23.56% of the most recent audited net assets. Guarantees for wholly/controlling subsidiaries: RMB 5.04 billion, accounting for 18.19% of net assets.
• Overdue Guarantees: None.
• Leverage Ratio: Hunan Helix’s asset-liability ratio exceeds 70%, indicating high leverage and risk exposure.

2. Board & Shareholder Meeting Approvals

This guarantee was approved at the 14th meeting of the 9th Board of Directors on January 9, 2026, and at the first extraordinary general meeting of 2026 on January 26, 2026. The total guarantee limit for Hunan Helix in 2026 is not to exceed RMB 115 million, and this guarantee is within that limit.

3. Subsidiary’s Operations & Financial Status

• Company Nature: Controlling subsidiary
• Shareholding Structure: 51% by Henan Helix, 49% by Hunan Futian Xingye Investment Group
• Business Scope: Steel rebar production and sales, steel rolling, coal and metal materials sales, supply chain services, general warehousing, software development, industrial internet data services, etc.
• Financial Highlights (Unaudited):
  • Total Assets (March 31, 2026): RMB 306.6968 million
  • Total Liabilities: RMB 298.0021 million
  • Net Assets: RMB 8.6947 million
  • Revenue (Jan-Mar 2026): RMB 47.3962 million
  • Net Loss (Jan-Mar 2026): RMB -6.462 million; (2025): RMB -26.1802 million
• Operational Risk: The subsidiary has low net assets, ongoing losses, and a high asset-liability ratio, all of which increase potential risk under the guarantee arrangement.

4. Main Terms of the Guarantee Agreement

• Bank: Hunan Bank Yueyang Branch
• Guarantee Type: Joint and several liability guarantee
• Maximum Principal: RMB 10.2 million
• Guarantee Period: Three years from the day after loan maturity or, if early maturity, three years from the early maturity date
• Counter Guarantee: None

5. Potential Impact on Shareholders and Share Price

While the guarantee is within approved limits and the overall guarantee scale is below 50% of net assets, the guaranteed subsidiary operates with high leverage and ongoing losses. Should the subsidiary default, Nanjing Iron & Steel would assume joint liability, impacting its capital safety and financial health. Furthermore, the substantial overall guarantee balance should be noted by risk-sensitive investors. Market perception of rising guarantee risk could pressure the share price in the short term.

6. Risk Alerts

• The guarantee target has an asset-liability ratio exceeding 70%, and ongoing financial risk requires monitoring.
• The company applies strict credit review and safeguard measures, with no overdue guarantees currently, but future risks remain.
• No guarantees provided for the controlling shareholder, actual controllers, or their affiliates.

7. Conclusion

This guarantee supports the normal business development of a controlling subsidiary, complies with regulations and governance requirements, and does not pose immediate significant adverse effects on overall operations. However, the high leverage and size of total guarantees are noteworthy for investors’ ongoing attention.

Disclaimer: This article is for investor reference only and does not constitute investment advice. Please pay attention to subsequent company announcements and financial reports, and make investment decisions prudently at your own risk.

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