诺德新材料股份有限公司发布2026年担保进展公告，对外担保总额超净资产100%

诺德新材料股份有限公司关于担保进展的重要公告解读

一、公告要点概览

诺德新材料股份有限公司（以下简称“诺德股份”或“公司”，证券代码：600110）近日发布了《关于担保的进展公告》，披露了公司及其全资、控股子公司在2025-2026年度的对外担保最新进展和累积情况。本次公告包含了涉及巨额担保额度、担保对象、担保方式、担保余额、资金用途、公司财务数据等多项关键内容，对公司经营风险和股东权益有重要影响，需引起投资者高度关注。

二、关键数据及担保细节

本次新增担保对象及金额：
- （1）诺德新材料股份有限公司及深圳百嘉达新能源材料有限公司（共同借款人），担保金额为2.5亿元人民币，实际担保余额为4.82亿元。
- （2）中科英华长春高技术有限公司，担保金额为2,000万元，实际担保余额为4.62亿元。
担保是否在预计额度内： 是
是否有反担保： 均无
累计担保总额： 截至公告日，公司及子公司累计对外担保总额为115.38亿元，占公司最近一期经审计净资产的204.83%，远超净资产，风险敞口极高。
对外担保逾期金额： 0元，无逾期情况。
风险提示：
- 本次及累计对外担保金额均已超过公司经审计净资产50%及100%的警戒线。
- 部分担保对象资产负债率超过70%，表明财务风险较大。

三、累积担保情况与额度分布

公司2024年度股东大会已批准，2025年度公司及全资、控股子公司之间可在不超过120亿元（或等值外币）的额度内进行对外担保。担保方式包括但不限于保证、抵押、质押等，额度可在子公司之间灵活调剂使用，涉及金融机构综合授信或相互担保等多种情形。

到2026年4月底，实际担保余额分布如下：

公司为子公司对外担保金额：96.72亿元
子公司为公司对外担保金额：15.57亿元
子公司之间相互担保金额：3.10亿元
剩余可用担保额度：4.62亿元

四、被担保人情况及财务数据

本次涉及三家主体，分别为上市公司本体、全资子公司深圳百嘉达新能源材料有限公司和全资子公司中科英华长春高技术有限公司。主要财务指标如下（单位：万元，2026年3月31日数据为未经审计数据）：

诺德新材料股份有限公司： 资产总额210.97亿元，负债总额138.93亿元，净资产72.04亿元。2026年一季度净利润4,213万元（2025年度为净亏损3.12亿元）。
深圳百嘉达新能源材料有限公司： 资产总额70.08亿元，负债总额61.54亿元，净资产8.53亿元。2026年一季度净利润921万元（2025年度为净亏损5,443万元）。
中科英华长春高技术有限公司： 资产总额1.34亿元，负债总额4,335万元，净资产9,032万元。2026年一季度净利润18万元（2025年度为净利润371万元）。

五、担保协议主要内容

青海电子材料产业发展有限公司、西藏诺德科技有限公司为诺德新材料股份有限公司及深圳百嘉达新能源材料有限公司向云南国际信托有限公司提供2.5亿元质押担保，期限18个月（质押物为惠州联合铜箔电子材料有限公司100%股权）。
诺德新材料股份有限公司为中科英华长春高技术有限公司向光大银行长春分行提供2,000万元连带责任保证，期限2年。

六、董事会意见与风险提示

董事会认为，本次担保有助于保障公司生产经营稳定，支持公司及子公司业务发展；被担保方均为公司全资子公司，公司拥有实际控制权，担保风险可控。截至公告日，无逾期担保或损害上市公司利益的情形，符合相关法律法规和《公司章程》规定。

七、对投资者的关键影响及风险点

公司累计对外担保金额占净资产比例极高，资金安全和偿债压力需密切关注，若被担保方出现经营风险，公司将承担较大连带责任。
公司2025年度一季度已实现盈利，但2025年度整体仍为净亏损，叠加大额担保风险，对未来业绩和现金流有一定不确定性。
目前没有担保逾期，但后续若被担保企业经营恶化，可能影响公司信用和资本市场形象，进而影响股价波动。
涉及部分担保对象资产负债率高于70%，提示偿债压力较大，需持续跟踪其财务状况。

八、结语

本次公告涉及巨额对外担保，且累计担保总额已超过公司净资产两倍，属于重大事项，对公司风险敞口和资本结构影响较大，建议投资者高度关注相关进展及后续经营风险动态。

免责声明： 本文内容仅供参考，不构成任何投资建议。投资有风险，决策请独立判断。

English Version
Nord New Materials Co., Ltd. – Detailed Analysis of Latest Guarantee Progress Announcement

Nord New Materials Co., Ltd. – Detailed Analysis of Latest Guarantee Progress Announcement

1. Summary of Key Points

Nord New Materials Co., Ltd. (stock code: 600110, “the Company”) has released a new announcement detailing the progress of guarantees provided by the company and its subsidiaries for 2025-2026. This report covers major guarantee amounts, guarantee targets, guarantee methods, guarantee balances, financial uses, and company financial data. The contents have important implications for company risk exposure and shareholder interests and are potentially price sensitive.

2. Key Data and Guarantee Details

New Guarantee Recipients and Amounts:
- (1) Nord New Materials Co., Ltd. & Shenzhen Baijiada New Energy Materials Co., Ltd. (joint borrowers), guarantee amount RMB 250 million, actual guarantee balance RMB 481.69 million.
- (2) Zhongke Yinghua Changchun High-tech Co., Ltd., guarantee amount RMB 20 million, actual guarantee balance RMB 461.69 million.
Guarantees within planned quota: Yes
Counter guarantee provided: No
Total external guarantee amount: As of the announcement date, the company and subsidiaries’ total external guarantees reached RMB 11.538 billion, 204.83% of the company’s latest audited net assets—an extremely high risk level.
Overdue guarantees: None
Risk Warnings:
- Total guarantees (including this case) have exceeded 50% and 100% of the latest audited net assets.
- Some guarantee targets have asset-liability ratios exceeding 70%, indicating high financial risk.

3. Cumulative Guarantee Situation & Quota Distribution

The 2024 Annual General Meeting approved up to RMB 12 billion (or equivalent foreign currency) in mutual guarantees between the company and its subsidiaries for 2025. The guarantees include various forms such as assurance, mortgage, and pledge, and the quota can be flexibly distributed among subsidiaries.

By end-April 2026, the actual guarantee balances are:

Company for subsidiaries: RMB 9.672 billion
Subsidiaries for company: RMB 1.557 billion
Mutual guarantees between subsidiaries: RMB 309.8 million
Remaining available guarantee quota: RMB 461.69 million

4. Guarantee Recipients and Financial Data

The announcement covers three entities: the listed company, wholly-owned subsidiary Shenzhen Baijiada New Energy Materials Co., Ltd., and wholly-owned subsidiary Zhongke Yinghua Changchun High-tech Co., Ltd. Key financials (as of March 31, 2026, unaudited) include:

Nord New Materials: Total assets RMB 21.097 billion, total liabilities RMB 13.893 billion, net assets RMB 7.204 billion. Q1 2026 net profit: RMB 42.13 million (2025: net loss of RMB 312.2 million).
Shenzhen Baijiada New Energy Materials: Total assets RMB 7.008 billion, total liabilities RMB 6.154 billion, net assets RMB 853 million. Q1 2026 net profit: RMB 9.21 million (2025: net loss of RMB 54.43 million).
Zhongke Yinghua Changchun High-tech: Total assets RMB 133.67 million, total liabilities RMB 43.35 million, net assets RMB 90.32 million. Q1 2026 net profit: RMB 0.18 million (2025: net profit of RMB 3.71 million).

5. Main Guarantee Agreement Details

Qinghai Electronic Materials Industry Development Co., Ltd. and Tibet Nord Technology Co., Ltd. provide a RMB 250 million pledge guarantee (pledged asset: 100% equity of Huizhou United Copper Foil Electronic Materials Co., Ltd.) for Nord New Materials and Shenzhen Baijiada to Yunnan International Trust, term 18 months.
Nord New Materials provides a RMB 20 million joint liability guarantee for Zhongke Yinghua to China Everbright Bank Changchun Branch, term 2 years.

6. Board Opinion and Risk Alert

The board believes these guarantees support production and business growth, and as the recipients are wholly-owned subsidiaries, the company has full control and considers the risk manageable. There are no overdue guarantees or cases harming listed company interests as of the announcement, and all comply with regulations and company bylaws.

7. Investor Impact and Key Risk Points

The company’s total guarantee exposure far exceeds net assets, raising significant concerns about capital safety and debt service risk. If guarantee recipients encounter financial trouble, the company may face large joint liabilities.
Although profitable in Q1 2026, the company posted a loss for 2025. Combined with the huge guarantee exposure, this adds uncertainty to future earnings and cash flow.
Currently, there are no overdue guarantees, but any future deterioration of guaranteed entities may impact the company’s credit profile and market reputation, possibly affecting share price volatility.
Some guarantee targets have asset-liability ratios above 70%, indicating high repayment pressure and requiring close financial monitoring.

8. Conclusion

This announcement involves large-scale external guarantees, with the total amount already more than double the company’s net assets. This is a significant event with material impact on the company’s risk profile and capital structure. Investors are urged to closely monitor further developments and associated operational risks.

Disclaimer: This content is for reference only and does not constitute investment advice. Investments are risky; please make independent decisions.