澳柯玛股份有限公司为控股子公司提供担保进展公告详解
公告背景与核心内容
澳柯玛股份有限公司（证券代码：600336）发布了最新关于为控股子公司青岛澳柯玛进出口有限公司（以下简称“进出口公司”）提供担保的进展公告。本次公告对担保对象、金额、担保范围、决策流程以及整体风险情况进行了详细披露，具有潜在影响公司股价的重要信息。
主要担保事项
- 担保对象：青岛澳柯玛进出口有限公司，公司全资子公司。
- 本次担保金额：5,000万元人民币。
- 实际为其提供的担保余额（不含本次）：42,100万元人民币。
- 累计对外担保总额：110,300万元人民币，约占公司最近一期经审计净资产的49.75%。
- 本次担保无反担保。
- 本次担保对象资产负债率超过70%，属于风险提示范畴。
担保协议详细说明
进出口公司与招商银行青岛分行签订了《授信协议》，授信总额5,000万元，授信期间为2026年5月8日至2029年5月7日。澳柯玛股份有限公司于2026年5月11日向招商银行青岛分行出具《最高额不可撤销担保书》，承诺对进出口公司相关债务承担连带保证责任。担保范围涵盖贷款及其他授信本金余额（最高限额5,000万元）及相关利息、罚息、违约金、保理费用等，保证方式为连带责任担保，银行有权直接向澳柯玛追索。
内部决策与合规
该担保事项已于2025年4月29日经董事会审议通过，并于2025年5月23日经年度股东大会审议通过。授权公司为控股子公司提供不超过30.70亿元的担保，其中进出口公司最高担保额度为11亿元。本次担保属于已批准范围，无需再次履行审议程序。
被担保公司财务状况
- 注册资本：15,000万元。
- 主要经营范围：货物进出口、技术进出口、贸易经纪等。
- 资产总额（2026年3月31日）：143,971.81万元。
- 负债总额：124,147.79万元。
- 资产净额：19,824.02万元。
- 营业收入（2026年1-3月）：66,430.83万元。
- 净利润（2026年1-3月）：-783.19万元，去年全年净利润为-5,263.49万元。
风险提示及影响分析
公司对资产负债率超过70%的全资子公司提供担保，虽然经营活动在公司控制范围内，但进出口公司连续出现亏损，净利润为负，且负债水平较高，担保风险不可忽视。公司对外担保总额已接近净资产50%红线，若被担保公司出现违约，澳柯玛将承担连带清偿责任，对公司整体资金安全及股价可能带来压力。公告明确指出，目前公司未有逾期担保情况发生，也未为控股股东、实际控制人及其关联人提供担保，整体风险可控，但仍需密切关注被担保公司经营状况。
对投资者的影响
本次公告涉及高额担保，且被担保公司连续亏损、负债率高，属于重大风险事项。投资者需关注进出口公司的经营及履约能力，若担保风险进一步扩大，可能影响澳柯玛股份的财务稳健性和股价表现，属于可能影响公司估值及市场情绪的重要信息。
董事会意见
本次担保事项已在公司董事会及年度股东大会审议批准范围内，无需再次履行审议程序，符合公司整体经营规划，担保风险总体可控。
累计担保及逾期情况
- 公司及控股子公司累计对外担保总额：11.03亿元，占净资产49.75%。
- 公司为控股子公司担保总额：10.22亿元，占净资产46.10%。
- 目前不存在逾期担保情况。
免责声明：本文仅为新闻解读，不构成投资建议。投资者应结合自身情况及公司后续公告，谨慎决策。
English Version
Detailed Analysis: Aucma Co., Ltd. Guarantees for Subsidiary – Investor Focus
Background and Key Points
Aucma Co., Ltd. (Stock Code: 600336) has released a progress announcement regarding its guarantee provided to its wholly-owned subsidiary, Qingdao Aucma Import & Export Co., Ltd. (“Import & Export Company”). The announcement covers details about the guarantee target, amount, scope, decision process, and overall risk profile, containing potentially price-sensitive information for investors.
Main Guarantee Details
- Guarantee Target: Qingdao Aucma Import & Export Co., Ltd., a wholly-owned subsidiary.
- Current Guarantee Amount: RMB 50 million.
- Outstanding Guarantee Balance (excluding this): RMB 421 million.
- Total External Guarantees: RMB 1.103 billion, about 49.75% of the company’s latest audited net assets.
- No counter-guarantee for this guarantee.
- The guarantee is provided to a subsidiary with an asset-liability ratio over 70%, flagged for risk.
Guarantee Agreement Details
The Import & Export Company signed a credit agreement with China Merchants Bank Qingdao Branch, with a credit line of RMB 50 million from May 8, 2026 to May 7, 2029. On May 11, 2026, Aucma issued an irrevocable maximum guarantee letter, committing to joint liability for all debts arising under the agreement. The guarantee covers principal, interest, penalty interest, compounding interest, overdue fees, factoring fees, realization costs, and other related expenses. The bank can demand payment directly from Aucma without first suing the subsidiary.
Internal Decision and Compliance
This guarantee was approved at the board meeting on April 29, 2025 and the annual shareholders’ meeting on May 23, 2025. The company is authorized to provide up to RMB 3.07 billion in guarantees to subsidiaries, with a maximum of RMB 1.1 billion for the Import & Export Company. This guarantee falls within the approved scope and needs no further review.
Financial Status of the Guaranteed Subsidiary
- Registered Capital: RMB 150 million.
- Main Business: Import/export of goods, technology, trading brokerage, etc.
- Total Assets (March 31, 2026): RMB 1,439.72 million.
- Total Liabilities: RMB 1,241.48 million.
- Net Assets: RMB 198.24 million.
- Revenue (Jan-Mar 2026): RMB 664.31 million.
- Net Profit (Jan-Mar 2026): RMB -7.83 million; FY2025 net profit: RMB -52.63 million.
Risk Warning and Impact Analysis
The company provides a guarantee to a subsidiary with an asset-liability ratio above 70%. Although business operations are controlled by Aucma, the subsidiary has been loss-making with high liabilities, posing a tangible risk. The total external guarantee amount is near the 50% net asset warning line. If the subsidiary defaults, Aucma bears joint liability, which could threaten its financial stability and weigh on share price. While no overdue guarantees or guarantees for controlling shareholders/related parties exist, investors should closely monitor the subsidiary’s performance and solvency.
Investor Impact
This announcement involves a substantial guarantee for a loss-making, highly leveraged subsidiary. Investors should pay attention to the subsidiary’s financial health and ability to honor obligations. If guarantee risks escalate, it may affect Aucma’s financial stability and share price. This is material information that could influence company valuation and market sentiment.
Board Opinion
The guarantee is within the board and shareholders’ approved scope and time, aligned with the company’s business plan. The overall risk is controllable, and no further approval is needed.
Cumulative Guarantee and Overdue Status
- Total external guarantees (including subsidiaries): RMB 1.103 billion, 49.75% of net assets.
- Guarantees to subsidiaries: RMB 1.022 billion, 46.10% of net assets.
- No overdue guarantees to date.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should make decisions prudently in light of their own circumstances and further company disclosures.
