三美股份为参股公司新美合科技提供担保暨关联交易公告——投资者详细解读
一、公告要点概述
浙江三美化工股份有限公司（603379，简称“三美股份”）于2026年5月11日发布公告，拟为参股公司重庆市新美合科技有限公司（简称“新美合”）向金融机构申请5000万元融资按持股比例提供担保，三美股份担保额度为2450万元。这一担保事项也构成关联交易，将提交股东大会审议。
二、担保及关联交易详细情况
- 担保对象：重庆市新美合科技有限公司
- 担保金额：2450万元（占2025年底经审计净资产的0.30%）
- 实际在外担保余额：9359万元（不含本次）
- 是否在前期预计额度内：否
- 是否有反担保：否
- 三美股份持股比例：49%
- 其他股东：山东新龙科技股份有限公司持股51%，也按比例提供担保
- 本次担保是否构成重大资产重组：不构成
- 是否为关联交易：是。公司董事潘航任新美合董事兼副总经理
- 董事会表决情况：8票同意，0票反对，0票弃权（关联董事潘航回避表决）
- 审议流程：已通过独立董事会议及审计委员会审议，一致同意
- 后续流程：需提交股东大会审议
三、被担保公司（新美合）基本情况
- 成立时间：2025年3月10日
- 注册资本：1亿元
- 注册地：重庆市长寿区晏家街道齐心大道20号1-1室
- 主营业务：基础化学原料制造、化工产品生产及销售、技术服务（均不含许可类化工产品）
- 主要财务数据（未经审计）：
- 2026年3月31日：资产总额1.99亿元，负债总额1.11亿元，净资产8773.21万元
- 2025年12月31日：资产总额1.49亿元，负债总额6071.77万元，净资产8829.42万元
- 营业收入：0元（截至2026年3月31日）
- 净利润：-56.21万元（2026年1-3月）；-170.58万元（2025年度）
四、累计担保与风险提示
- 累计对外担保总额：7.33亿元，占公司最近一期净资产的9.05%
- 对外担保逾期金额：0元
- 上市公司对控股子公司担保：6.08亿元，占净资产7.52%
- 对控股股东及实际控制人担保：0元
- 特别风险事项：本次担保无反担保；担保额度未超出50%净资产；不涉及资产负债率超过70%的单位担保；对外担保未超100%净资产
五、独立董事与董事会意见
独立董事和董事会一致认为，本次担保为支持参股公司生产经营，属于正常合理交易，公司与其他股东均按股权比例提供担保，风险可控，不会影响公司独立性，也不会损害中小股东利益。
六、对投资者的潜在影响及重要提示
- 本公告涉及金额大、为关联方担保，属于潜在影响公司财务稳健性的重要事项，需关注担保相关风险。
- 新美合为新设公司，尚无收入且持续亏损，未来业绩存在不确定性，担保相关风险需持续关注。
- 该事项尚需股东大会通过，最终能否实施与实施进度仍存不确定性。
- 担保额度在公司净资产9.05%范围内，整体风险可控，但投资者需密切跟踪后续进展和对公司财务的影响。
七、总结
本次为参股公司新美合提供担保，是公司支持子公司业务拓展的重要措施，但新美合当前仍处于亏损阶段，项目风险不容忽视。投资者应关注后续担保协议签署及新美合经营状况变化，及时评估潜在财务影响。
免责声明：本文仅作投资信息参考，不构成任何投资建议。投资者据此操作，风险自负。
English Version
Zhejiang Sanmei Chemical to Provide Guarantee for Associated Company Xinmei He Technology – Detailed Investor Briefing
1. Summary of Key Points
Zhejiang Sanmei Chemical Co., Ltd. (603379, “Sanmei Chemical”) announced on May 11, 2026, its plan to provide a guarantee of RMB 24.5 million (RMB 2,450 million) for its associate, Chongqing Xinmei He Technology Co., Ltd. (“Xinmei He”), in proportion to its 49% equity stake. Xinmei He plans to apply for a loan of RMB 50 million from financial institutions, with shareholders providing guarantees accordingly. This transaction is also deemed a related-party transaction and will be subject to shareholder approval.
2. Details of the Guarantee and Related-party Transaction
- Guaranteed Party: Chongqing Xinmei He Technology Co., Ltd.
- Guarantee Amount: RMB 24.5 million (0.30% of 2025-end audited net assets)
- Current Outstanding Guarantee Balance: RMB 93.59 million (excluding this guarantee)
- Within Previous Approved Limit: No
- Counter-guarantee: None
- Sanmei Chemical’s Equity Stake: 49%
- Other Shareholder: Shandong Xinlong Technology Co., Ltd. holds 51%, also providing a guarantee pro rata
- Constitutes Major Asset Restructuring: No
- Related-party Transaction: Yes. Director Pan Hang serves as director and deputy general manager of Xinmei He
- Board Voting: 8 in favor, 0 against, 0 abstain (Pan Hang abstained)
- Approval Process: Passed by independent directors and audit committee unanimously
- Next Steps: To be submitted to general meeting of shareholders for approval
3. Profile of the Guaranteed Company (Xinmei He)
- Incorporation: March 10, 2025
- Registered Capital: RMB 100 million
- Location: No. 20 Qixin Avenue, Yanjia Street, Changshou District, Chongqing
- Main Business: Basic chemical raw materials manufacturing, chemical product production and sales, technical services (excluding regulated chemicals)
- Key Financials (unaudited):
- Mar 31, 2026: Total assets RMB 199.12 million, liabilities RMB 111.39 million, net assets RMB 87.73 million
- Dec 31, 2025: Total assets RMB 149.01 million, liabilities RMB 60.72 million, net assets RMB 88.29 million
- Revenue: RMB 0 (to Mar 31, 2026)
- Net Loss: RMB -0.56 million (Q1 2026); RMB -1.71 million (2025)
4. Aggregate Guarantees and Risk Disclosure
- Total External Guarantees: RMB 732.95 million, 9.05% of latest net assets
- Overdue Guarantees: None
- Guarantees to Subsidiaries: RMB 608.45 million (7.52% of net assets)
- Guarantees to Controlling Shareholders/Actual Controllers: None
- Special Risk Items: No counter-guarantee for this transaction; guarantee limit does not exceed 50% of net assets; not for units with >70% debt ratio; total external guarantees do not exceed 100% of net assets
5. Independent Directors and Board Opinion
Both independent directors and the Board agree this guarantee is reasonable and necessary to support the associate’s business. Guarantee is provided fairly in proportion to shareholding, risk is controllable, company independence is not impaired, and minority shareholder interests are not harmed.
6. Price-sensitive Highlights and Investor Note
- This is a material transaction involving a significant amount and a related party, which may affect the company’s financial risk profile.
- Xinmei He is a new company, has no revenue and is loss-making, so the guarantee carries notable risk exposure.
- This transaction requires shareholder approval; final implementation is uncertain.
- The guarantee amount is within 9.05% of net assets, but investors should monitor subsequent developments and financial impacts.
7. Conclusion
This guarantee is a key measure to support Xinmei He’s operations, but as the associate remains loss-making and is in its early stages, the risk is significant. Investors should pay close attention to the progress of the guarantee, Xinmei He’s performance, and any resulting financial impact on Sanmei Chemical.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are responsible for their own decisions and assume all risks.
