安徽鑫科新材料股份有限公司为控股子公司鑫科铜业提供1.4亿元担保，整体担保规模远超净资产

要点概述

• 公司为控股子公司安徽鑫科铜业有限公司（以下简称“鑫科铜业”）向交通银行芜湖分行提供最高1.4亿元人民币的连带责任担保。
• 本次担保后，公司及控股子公司的实际对外担保余额高达23.65亿元，占最近一期经审计净资产的162.04%，担保额度占净资产比例高达205.57%。
• 本次担保无反担保措施。
• 公司不存在逾期担保事项。
• 本次担保事项已经公司董事会和股东大会审议通过。
• 担保主要用于支持控股子公司业务发展和生产经营需求。

详细内容解读

1. 担保基本情况

2026年4月28日，安徽鑫科新材料股份有限公司（简称“鑫科材料”）与交通银行股份有限公司芜湖分行签署《保证合同》，为控股子公司鑫科铜业与交通银行芜湖分行2026年4月27日至2029年4月27日期间签订的所有主合同提供最高额为1.4亿元的连带责任担保，担保期限为三年。此次担保不设反担保措施，且自合同生效日起，2025年9月签署的旧担保合同自动解除。

截至公告日，鑫科材料为鑫科铜业实际担保余额高达14.8576亿元，鑫科铜业其他股东未提供任何担保。

2. 担保对象详细信息

• 公司名称：安徽鑫科铜业有限公司
• 公司性质：鑫科材料控股子公司，持股80%；其余股东为广西崇左市城市工业投资发展集团有限公司（10%）、广西扶绥同正投融资集团有限公司（10%）。
• 注册资本：4.5亿元
• 注册地：中国（安徽）自由贸易试验区芜湖片区凤鸣湖南路21号
• 主营业务：铜基合金材料、新材料研发生产销售等
• 财务数据：截至2026年3月31日（未经审计），资产总额34.85亿元，负债20.92亿元，净资产13.93亿元。2026年一季度营业收入10.43亿元，净利润3576万元。2025年全年营业收入42.33亿元，净利润5511万元。

3. 担保协议主要条款

• 担保最高债权额：1.4亿元
• 担保方式：连带责任保证
• 担保期限：三年
• 担保范围：主债权本金、利息、复利、罚息、违约金、损害赔偿金及实现债权的全部费用（催收费、诉讼费、律师费等）

4. 董事会及股东大会决议

本次担保事项已获2026年3月30日公司董事会及2026年4月20日年度股东大会审议通过。董事会授权公司及控股子公司在3亿元额度内为公司及控股子公司融资提供担保，担保期限三年。

5. 重大风险及投资者需知

• 担保总额远超净资产： 截至公告日，公司及控股子公司对外担保总额达23.65亿元，占2025年度经审计归属于母公司净资产的162.04%，担保额度占净资产比例高达205.57%——大幅超过监管常见红线（50%或100%），显示公司整体对外担保风险较高。
• 无反担保措施： 本次及历史担保均无反担保，若被担保方出现违约，公司需独立承担全部责任。
• 担保对象为控股子公司： 虽然担保对象为控股子公司，公司能够有效管理其经营并掌握资信情况，但整体担保风险仍需高度关注。
• 公司的持续经营能力及财务安全： 如被担保子公司发生重大违约，可能对上市公司本身的财务及持续经营能力产生重大不利影响，进而影响股价。
• 暂无逾期担保，但风险需警惕： 截至公告日，公司无逾期担保事项。

结论与投资建议

本次重大担保事项，尤其是对外担保总额远超净资产的现状，属于严重的风险暴露信号。投资者需密切关注鑫科材料控股子公司鑫科铜业的经营状况及债务履约能力。未来如出现担保履约事件，可能对公司利润、现金流及股价造成直接冲击。建议投资者保持高度警惕，及时关注后续公告及公司财务状况。

免责声明

本文内容仅供投资者参考，不构成任何投资建议。投资有风险，入市需谨慎。请查阅公司相关公告并咨询专业投资顾问。

English Version

Anhui Xinke New Materials Offers RMB 140 Million Guarantee for Subsidiary Xinke Copper, Total Guarantee Far Exceeds Net Assets

Key Highlights

• The company is providing a maximum joint liability guarantee of RMB 140 million to its controlling subsidiary Anhui Xinke Copper Co., Ltd. (“Xinke Copper”) for its financing with Bank of Communications Wuhu Branch.
• After this guarantee, the company and its subsidiaries have an actual external guarantee balance of RMB 2.365 billion, accounting for 162.04% of the latest audited net assets. The guarantee limit is as high as 205.57% of net assets.
• This guarantee has no counter-guarantee measures.
• There are no overdue guarantees currently.
• The guarantee has been approved by the Board and General Meeting.
• The guarantee is intended to support the business development and operational needs of the subsidiary.

Detailed Analysis

1. Guarantee Basic Information

On April 28, 2026, Anhui Xinke New Materials Co., Ltd. (“Xinke Materials”) signed a guarantee contract with Bank of Communications Wuhu Branch, providing a maximum joint liability guarantee of RMB 140 million for all principal contracts signed by Xinke Copper and the bank from April 27, 2026, to April 27, 2029. The guarantee period is three years. There are no counter-guarantee measures for this guarantee. Upon effectiveness, the previous guarantee contract signed in September 2025 is automatically terminated.

As of the announcement date, Xinke Materials’ actual guarantee balance for Xinke Copper is RMB 1.48576 billion, and other shareholders of Xinke Copper have not provided any guarantees.

2. Guaranteed Party Details

• Company Name: Anhui Xinke Copper Co., Ltd.
• Nature: Controlled subsidiary (Xinke Materials holds 80%, other shareholders 10% each)
• Registered Capital: RMB 450 million
• Location: No. 21 Fengminghu South Road, Wuhu, Anhui FTZ
• Main Business: Copper-based alloy materials, new material R&D, production, sales, etc.
• Financial Data: As of March 31, 2026 (unaudited), total assets RMB 3.485 billion, liabilities RMB 2.092 billion, net assets RMB 1.393 billion. Q1 2026 revenue RMB 1.043 billion, net profit RMB 35.76 million. 2025 full-year revenue RMB 4.233 billion, net profit RMB 55.11 million.

3. Main Terms of the Guarantee Agreement

• Maximum Guarantee Amount: RMB 140 million
• Guarantee Method: Joint liability guarantee
• Guarantee Period: Three years
• Coverage: Principal, interest, compound interest, penalty interest, liquidated damages, compensation for damages, and all costs (collection, litigation, attorney, etc.)

4. Board and Shareholder Approval

The guarantee was approved at the Board meeting on March 30, 2026, and the General Meeting on April 20, 2026. The Board authorized the company and its subsidiaries to provide guarantees within a RMB 3 billion limit for three years.

5. Major Risks and Investor Concerns

• Total Guarantee Amount Far Exceeds Net Assets: The company’s and its subsidiaries’ total external guarantees (RMB 2.365 billion) account for 162.04% of net assets, far exceeding regulatory red lines (commonly 50% or 100%). This indicates significant risk exposure.
• No Counter-Guarantee: There are no counter-guarantee measures, so the company must bear full responsibility if the subsidiary defaults.
• Subsidiary Controlled by Company: The guarantee is for a controlled subsidiary, and the company claims to be able to manage its operations and credit. However, risk remains high given the guarantee size.
• Ongoing Concern: If the subsidiary faces major default, it could severely impact the parent company’s financials and share value.
• No Overdue Guarantee Yet, but Risks Remain: There are currently no overdue guarantees.

Conclusion & Investor Advice

The substantial guarantee exposure, especially the total external guarantee amount far exceeding net assets, signals significant risk. Investors should closely monitor the operating and repayment ability of Xinke Copper. Any guarantee performance event could have a direct negative impact on company profits, cash flow, and share price. Exercise high caution and pay attention to further disclosures and financial reports.

Disclaimer

This article is for reference only and does not constitute investment advice. Investment is risky. Please consult the company’s disclosures and professional advisors before making decisions.

View 鑫科材料 Historical chart here