巨化股份为控股子公司提供重大担保，累计担保余额超21亿元

一、公告要点

• 巨化股份（600160）董事会于2026年5月14日公告，为控股子公司浙江晋巨化工有限公司和甘肃巨化新材料有限公司分别提供担保。
• 本次新增担保金额分别为晋巨公司2,150.12万元、甘肃巨化公司27,965.39万元。
• 截至公告日，上市公司及控股子公司对外担保实际发生余额为211,713.00万元，担保总额为579,795.60万元，占公司2025年末经审计净资产的24.67%。
• 本次担保均为连带责任保证，晋巨公司担保期限6个月，甘肃巨化公司担保期限长达12年。
• 公告明确所有担保均在公司董事会或股东大会批准额度内，无逾期担保。

二、担保对象及背景

三、担保协议主要内容

• 晋巨公司担保由中国银行衢州市衢化支行提供，担保范围涵盖主债权本金、利息、违约金、损害赔偿金及实现债权费用等。
• 甘肃巨化公司担保由中国银行衢州市分行等银团提供，担保范围包括贷款合同项下本金、利息、违约金、赔偿金、判决书迟延履行期间应加倍支付的债务利息及实现债权的所有相关费用。

四、董事会意见及决策程序

• 2026年4月21日董事会九届二十五次会议全票通过晋巨公司担保事项。
• 2025年4月23日董事会九届十五次会议全票通过甘肃巨化公司担保事项，并提交股东大会审议。
• 授权总经理代表公司签署担保协议，并根据实际情况调整担保金额、银行、贷款种类等。

五、对投资者的影响与风险提示

• 累计担保余额和总额占净资产比例较高，可能引发市场对公司担保风险的关注。
• 两家被担保子公司均为控股公司，且2026年一季度均出现亏损，投资者需关注后续经营情况。
• 甘肃巨化公司担保期限长达12年，涉及金额较大，可能影响公司未来资金状况和风险暴露。
• 公司声明担保风险可控，且无逾期担保，担保对象资信良好，正常经营。

六、结论与投资建议

本次担保事项金额大、期限长，担保总额占净资产比例高。且被担保子公司近期出现亏损，投资者需密切关注后续经营和财务状况。若被担保公司经营改善，巨化股份整体盈利能力或将提升；反之，若经营持续恶化，公司担保风险将进一步加大。此次公告为重大事项，可能对公司股价产生影响。

免责声明

本文仅为新闻解读，不构成投资建议。投资者请结合自身风险偏好及公司后续公告，谨慎决策。

Juhua Co. Announces Major Guarantees for Subsidiaries, Total Guarantee Balance Exceeds RMB 2.1 Billion

Key Points of the Announcement

• Juhua Co. (600160) announced on May 14, 2026, that its board has approved guarantees for its subsidiaries Zhejiang Jinju Chemical Co., Ltd. and Gansu Juhua New Materials Co., Ltd.
• The newly added guarantee amounts are RMB 21.5 million for Jinju and RMB 279.65 million for Gansu Juhua.
• As of the announcement date, the actual guarantee balance is RMB 2.117 billion, with a total guarantee amount of RMB 5.797 billion, accounting for 24.67% of the company’s audited net assets for 2025.
• All guarantees are joint liability guarantees: Jinju’s term is 6 months, Gansu Juhua’s term is 12 years.
• All guarantees are within board or shareholder-approved limits; no overdue guarantees.

Subsidiaries and Background

Main Guarantee Agreements

• Jinju’s guarantee is with Bank of China Quhua Branch, covering principal, interest, penalties, damages, and enforcement costs.
• Gansu Juhua’s guarantee is with a syndicate led by Bank of China, covering principal, interest, penalties, compensation, double interest for overdue periods, and all enforcement-related costs.

Board Opinions and Procedures

• April 21, 2026: Board unanimously approved Jinju guarantee.
• April 23, 2025: Board unanimously approved Gansu Juhua guarantee, submitted to shareholders’ meeting.
• CEO authorized to sign and adjust guarantee agreements as needed.

Investor Impact and Risk Disclosure

• Total guarantee balance and amount as a percentage of net assets is high, raising risk concerns.
• Both subsidiaries are controlled companies but posted losses in Q1 2026; investors should monitor their performance.
• Gansu Juhua’s guarantee term is 12 years and amount is large, potentially affecting future cash flows and risk exposure.
• Company claims risks are controllable, no overdue guarantees, subsidiaries are operating normally.

Conclusion and Investor Advice

The guarantee amounts are significant and the terms are long, with total guarantee exposure high relative to net assets. Both subsidiaries posted losses recently, so investors should closely monitor subsequent business and financial performance. If subsidiary operations improve, Juhua Co.’s profitability may increase; otherwise, guarantee risks could rise further. This is a material event that may impact share price.

Disclaimer

This article is for news interpretation only and does not constitute investment advice. Investors should make decisions cautiously based on their own risk tolerance and follow-up disclosures.

View 巨化股份 Historical chart here