福田汽车2026年度担保计划进展公告详细解读

一、公告要点

• 福田汽车董事会及全体董事承诺公告内容真实、准确、完整。
• 公司对2026年度担保计划范围内的担保进展进行月度汇总披露。
• 担保对象包括安鹏融资租赁（天津）有限公司、中车信融融资租赁有限公司以及经销商，涉及金额巨大。
• 2026年2-4月，公司及控股子公司对外担保总额（发生额）为54.94亿元，占公司最近一期经审计净资产的35.18%。
• 公司无逾期担保。
• 部分担保对象负债率高于70%，存在一定风险。
• 担保额度与担保余额之和已超过公司最近一期经审计净资产的100%，具有较高风险提示。

二、详细担保情况

担保协议主要内容

• 安鹏天津担保主要涉及北京农村商业银行西城支行，担保金额0.4909亿元，担保期间为债务履行期限届满之次日起两年，连带责任保证。
• 中车信融担保涉及广发银行北京亚运村支行（9.818亿元）、中国建设银行北京昌平支行（5.3999亿元）、天弘创新资产管理有限公司（4.6636亿元），担保方式包括连带责任保证和差额支付承诺。
• 对经销商担保（回购责任）金额为25亿元，涉及平安银行北京分行，担保期间一年，主要为商融通业务。

被担保人财务状况

• 安鹏天津2026年1-3月资产总额14.3983亿元，负债9.4958亿元，净资产4.9025亿元，营业收入1854万元，净利润149万元。
• 中车信融2026年1-3月资产总额144.7609亿元，负债126.9684亿元，净资产17.7925亿元，营业收入1.353亿元，净利润1711万元。

三、风险提示及影响

• 公司对外担保及回购责任余额合计已超过公司最近一期净资产的100%，属于高风险状态。
• 部分被担保单位资产负债率高于70%，担保风险需投资者重点关注。
• 担保均在股东会批准的年度授权范围内，暂无逾期担保。
• 公司对关联方（安鹏中融及下属子公司）担保余额达78.15亿元，占净资产50.04%。
• 担保主要用于助力产品销售、支持供应链及经销商融资，提升产业链竞争力。
• 公司将持续关注融资使用及企业经营状况，及时防范风险。

四、对股东和投资者的影响

• 对外担保及回购责任金额巨大，可能对公司资产负债结构及风险水平产生重大影响。
• 担保对象多为关联方，需关注关联交易风险及资金链安全。
• 风险提示事项涉及公司担保额度及余额远超净资产，若被担保方发生违约，公司将面临较大财务压力，或影响公司股票价格。
• 投资者应密切关注公司后续风险防控措施及担保对象经营状况。

五、结论

福田汽车2026年度担保计划涉及巨额对外担保和回购责任，部分被担保方负债率较高，整体担保风险在公司净资产占比极高，投资者需高度重视相关风险。公司后续经营及担保对象状况若出现不利变化，可能对公司股价产生重大影响。

免责声明

本文章仅供参考，不构成任何投资建议。请投资者结合自身风险偏好，审慎决策。公司后续经营及担保对象情况变化可能对公司股价产生影响，投资者需持续关注官方公告及相关信息。

English Version

Detailed Interpretation of Foton Motor’s 2026 Annual Guarantee Plan Progress Announcement

Key Points

• The Board of Directors guarantees the truthfulness, accuracy, and completeness of the announcement.
• Monthly aggregate disclosure of guarantee progress for the 2026 annual plan.
• Guarantee targets include Anpeng Leasing (Tianjin), Zhongche Xinrong Leasing, and dealers; the amounts involved are substantial.
• From February to April 2026, total external guarantees by the company and subsidiaries (occurred amount) reached RMB 5.494 billion, accounting for 35.18% of the latest audited net assets.
• No overdue guarantees.
• Some guarantee targets have liabilities over 70% of assets, raising risk concerns.
• Approved guarantee limit plus actual guarantee balance exceeds 100% of net assets, a high-risk warning.

Detailed Guarantee Situation

Main Guarantee Agreements

• Anpeng Tianjin’s guarantee is mainly with Beijing Rural Commercial Bank Xicheng Branch, amount RMB 49.09 million, period two years after debt maturity, joint liability guarantee.
• Zhongche Xinrong’s guarantees involve GF Bank Beijing Olympic Village Branch (RMB 981.8 million), CCB Beijing Changping Branch (RMB 539.99 million), Tianhong Innovative Asset Management (RMB 466.36 million), with joint liability and difference payment commitment.
• Dealer guarantees (repurchase liability) RMB 2.5 billion with Ping An Bank Beijing Branch, period one year, mainly for business financing.

Financial Status of Guaranteed Parties

• Anpeng Tianjin (Jan-Mar 2026): total assets RMB 1.43983 billion, liabilities RMB 949.58 million, net assets RMB 490.25 million, revenue RMB 18.54 million, net profit RMB 1.49 million.
• Zhongche Xinrong (Jan-Mar 2026): total assets RMB 14.47609 billion, liabilities RMB 12.69684 billion, net assets RMB 1.77925 billion, revenue RMB 135.3 million, net profit RMB 17.11 million.

Risk Warning & Impact

• External guarantees and repurchase liabilities combined exceed 100% of latest net assets, indicating high risk.
• Some guaranteed parties have asset-liability ratios over 70%, requiring investor attention.
• All guarantees are within shareholder-approved annual authorization; no overdue guarantees.
• Guarantee balance for related parties (Anpeng Zhongrong and subsidiaries) reached RMB 7.815 billion, accounting for 50.04% of net assets.
• Guarantees mainly support product sales, supply chain, and dealer financing to enhance competitiveness.
• The company will continue monitoring financing use and business status to prevent and control risks.

Shareholder & Investor Impact

• Huge external guarantees and repurchase liabilities may significantly affect the company’s balance sheet and risk exposure.
• Many guarantees are to related parties; focus on related transaction risks and cash flow safety.
• Risk warnings indicate guarantee limits and balances far exceed net assets; if defaults occur, the company faces significant financial pressure, possibly impacting share price.
• Investors should closely monitor follow-up risk control measures and the financial condition of guaranteed parties.

Conclusion

Foton Motor’s 2026 annual guarantee plan involves massive external guarantees and repurchase liabilities, some guaranteed parties have high liability ratios, and overall guarantee risk occupies a very high proportion of net assets. Investors should pay close attention to these risks. Any adverse developments in the company or guaranteed parties could significantly impact share price.

Disclaimer

This article is for reference only and does not constitute investment advice. Investors should make prudent decisions based on their own risk tolerance. Changes in company operations or guaranteed parties may affect the share price; please continue following official announcements and relevant information.

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