浙江三美化工为参股公司新美合科技提供担保并涉关联交易公告

三美股份为参股公司新美合科技提供担保暨关联交易详细解读

一、公告要点概览

担保对象：重庆市新美合科技有限公司（以下简称“新美合”），为三美股份参股公司。
担保金额：本次拟为新美合提供2,450万元担保，按持股比例分担，无反担保措施。
公司持股情况：三美股份持有新美合49%股权，山东新龙科技股份有限公司持股51%。
关联交易：公司董事潘航担任新美合董事兼副总经理，构成关联方，需履行关联交易决策程序。
审议及程序：董事会8票全票通过，关联董事回避，尚需股东大会审议通过。
累计担保情况：公司及控股子公司对外担保总额为73,295.02万元，占最近一期净资产9.05%，无逾期担保。

二、详细内容解读

1. 担保事项的具体情况

新美合为保障项目生产运营及流动资金需求，拟向金融机构申请5,000万元融资。根据股权结构，三美股份将为新美合按49%持股比例提供2,450万元担保，占公司最近经审计净资产（截至2025年12月31日）的0.30%。其余担保由另一大股东山东新龙科技股份有限公司按比例提供。
值得注意的是，本次担保没有安排反担保措施，这意味着一旦新美合出现违约，公司将直接承担担保责任。

2. 关联关系与决策程序

新美合为公司参股公司，公司董事潘航兼任新美合董事兼副总经理，根据上交所相关规定构成关联交易。本次议案已于2026年5月9日通过董事会审议（8:0全票通过，关联董事回避），并在此之前经独立董事及董事会审计委员会一致通过。该事项还需提交股东大会审议。

3. 被担保企业基本情况及财务数据

公司名称：重庆市新美合科技有限公司
注册资本：10,000万元
成立时间：2025年3月10日
主要业务：基础化学原料制造、化工产品生产与销售、技术服务等（不含许可类化学品）
2026年3月31日资产状况（未经审计）：资产总额19,911.94万元，负债总额11,138.73万元，净资产8,773.21万元
2026年一季度/2025年度经营数据：营业收入为0，净利润分别为-56.21万元和-170.58万元，尚处于亏损和项目建设/投产初期

4. 担保协议相关事宜

截至公告日，具体的担保协议尚未签订，担保金额、期限及形式将以实际合同为准。公司董事会提请股东会授权经营管理层具体办理相关事宜，并授权董事长或其授权人士签署法律文件。

5. 独立董事和董事会意见

独立董事认为，担保事项为正常生产经营需要，风险总体可控，不影响公司独立性，不损害中小股东利益。董事会认为担保是为了增强参股公司融资能力，风险可控，同意本次担保事项。

6. 累计对外担保情况及风险

公司及控股子公司对外担保总额：73,295.02万元，占最近一期净资产9.05%
对控股子公司担保：60,845.02万元，占净资产7.52%
无逾期担保和对控股股东及实控人担保

本次担保金额占净资产比例较小，整体风险可控。但新美合目前尚处于项目建设初期，尚未实现收入且处于亏损状态，未来盈利能力和现金流仍有不确定性。此外，担保无反担保措施，若新美合无法按期偿还贷款，三美股份需承担相应担保责任，这对公司资金安全构成一定潜在风险。

三、对投资者的潜在影响与需关注事项

本公告为三美股份进一步参与参股公司经营、推动其业务发展提供支持，有利于优化公司投资布局和产业协同。
担保金额虽占净资产比例较低，但新美合尚未盈利且暂无收入，担保风险需持续关注，投资者应警惕相关经营及财务风险。
本次担保尚需股东大会审议通过，后续进展及具体担保协议签署情况或对公司运营和股价产生阶段性影响，建议持续关注公告披露和新美合经营进展。

四、结语

本次为参股公司提供担保的事项，属于公司生产经营过程中的常规管理行为，有助于支持参股公司业务发展和提升公司整体竞争力。但由于担保对象尚未实现盈利，相关担保风险投资者需重点关注，未来新美合的经营状况和项目进展将成为影响三美股份业绩和股价的重要因素之一。

免责声明：本新闻稿仅供投资者参考，不构成任何投资建议。投资决策请依据公司公告和自身判断，市场有风险，投资需谨慎。

English Version
Sanmei Chemical Provides Guarantee for Associated Company Xinmei He Technology – Details for Investors

Sanmei Chemical Provides Guarantee for Associated Company Xinmei He Technology – Detailed Investor Analysis

1. Key Announcement Highlights

Guarantee Target: Chongqing Xinmei He Technology Co., Ltd. (“Xinmei He”), an associate of Sanmei Chemical.
Guarantee Amount: Sanmei Chemical plans to provide a RMB 24.5 million guarantee, proportionate to its 49% stake, with no counter-guarantee arrangement.
Shareholding Structure: Sanmei Chemical holds 49% of Xinmei He; Shandong Xinlong Technology Co., Ltd. holds 51%.
Related-party Transaction: Director Pan Hang serves as director and deputy GM of Xinmei He, triggering related-party approval procedures.
Board Review: Approved unanimously (8:0, related director abstained), still pending shareholder meeting approval.
Cumulative Guarantee: Sanmei Chemical and subsidiaries’ total external guarantee is RMB 732.95 million, 9.05% of latest audited net assets, with no overdue guarantees.

2. In-depth Details

1. Specifics of the Guarantee

Xinmei He seeks RMB 50 million financing for project operations and working capital. Sanmei Chemical will provide a guarantee of RMB 24.5 million in line with its 49% stake (representing 0.30% of latest audited net assets as of Dec 31, 2025). The remaining guarantee will be provided proportionally by the other major shareholder. Notably, there is no counter-guarantee, so Sanmei Chemical directly bears the risk in case of default.

2. Related-party Relationship & Procedures

As Director Pan Hang holds a dual role in Xinmei He, the transaction is classified as a related-party transaction under Shanghai Stock Exchange rules. The proposal was passed by the board on May 9, 2026 (8:0, related director recused), after prior independent director and audit committee approval. The transaction is subject to shareholder meeting approval.

3. Profile & Financials of Xinmei He

Company Name: Chongqing Xinmei He Technology Co., Ltd.
Registered Capital: RMB 100 million
Incorporation: March 10, 2025
Main Business: Basic chemical manufacturing, chemical products (excluding licensed chemicals), technical services, etc.
As of March 31, 2026 (unaudited): Total assets RMB 199.12 million, liabilities RMB 111.39 million, net assets RMB 87.73 million
2026 Q1 / 2025 Full Year: No operating income; net profit loss of RMB -0.56 million (Q1 2026) and RMB -1.71 million (2025), indicating early-stage project ramp-up

4. Guarantee Agreement Details

As of the announcement date, the specific guarantee agreement has not been signed; the final amount, duration, and format will follow the actual contract. The board requests shareholders to authorize management to handle related matters and sign legal documents.

5. Board and Independent Director Opinions

Independent directors believe the guarantee is reasonable for business needs, risk is controllable, and does not harm company independence or minority shareholder interests. The board agrees that the guarantee enhances the associate’s financing and is in line with company strategy, with risks kept under control.

6. Aggregate Guarantee Exposure and Risks

Total external guarantees: RMB 732.95 million, 9.05% of latest net assets
For subsidiaries: RMB 608.45 million, 7.52% of net assets
No overdue guarantees or guarantees for controlling shareholders/actual controllers

While the guarantee amount is modest relative to net assets, Xinmei He is not yet profitable and has no revenue, so guarantee risk must be monitored. Absence of a counter-guarantee increases exposure if Xinmei He defaults, making this a point of investor concern.

3. Shareholder Relevance & Potential Price Sensitivity

This demonstrates Sanmei Chemical’s active support for its associates and strategic industry initiatives, potentially strengthening its long-term competitiveness.
However, as Xinmei He is not yet generating income and is loss-making, there is tangible guarantee risk. Investors should closely monitor subsequent disclosures and Xinmei He’s project progress and financials.
The guarantee is subject to shareholder meeting approval and final contract signing, which could impact company operations and share price depending on future developments.

Conclusion

The guarantee for Xinmei He is a routine business practice supporting project ramp-up and industry positioning. However, the lack of counter-guarantee and the associate’s current loss-making status mean investors should be vigilant about future risks and progress, as these factors may affect Sanmei Chemical’s performance and share price.

Disclaimer: This news article is for reference only and does not constitute investment advice. Please make investment decisions based on official company disclosures and your own judgment. The market entails risks—invest with caution.