永泰能源集团股份有限公司为所属企业提供担保公告详解

证券代码：600157
证券简称：永泰能源
公告编号：临2026-033

一、公告要点及对投资者的意义

• 公司为下属企业累计提供大额担保，担保金额已超净资产50%。截至公告日，公司及下属公司对外担保总额为24.47亿元，占最近一期经审计净资产的52.28%。这意味着公司在融资和风险承担上已处于较高水平，需引起投资者关注。
• 主要担保对象为公司重要控股及全资子公司，涉及电力、新能源等板块。担保对象包括张家港沙洲电力有限公司、张家港华兴电力有限公司、张家港华兴长城能源有限公司、张家港沙洲新能源科技有限公司等。
• 部分被担保单位资产负债率高于70%。这反映出部分下属企业财务杠杆较高，担保风险增加。
• 本次及历史担保均未出现逾期。显示公司目前整体风险仍受控。
• 担保事项均为正常经营资金需求相关，且大多为同公司体系内部交叉担保，部分有电费收益权质押反担保。

二、详细担保安排

本次公告涉及为下属企业向银行申请流动资金贷款提供连带责任保证担保，金额及对象如下：

• 张家港沙洲电力有限公司：本次担保3,000万元，历史担保余额28.19亿元。
• 张家港华兴电力有限公司：本次担保2,000万元，历史担保余额4.51亿元。
• 张家港华兴长城能源有限公司：本次担保2,000万元，历史担保余额5,500万元。
• 张家港沙洲新能源科技有限公司：本次担保4,000万元，历史担保余额3,000万元。

以上担保均为流动资金贷款，期限不超过2年。实际业务中，由金港担保公司提供连带责任保证，公司及其下属公司向金港担保提供保证反担保，同时以部分电费收益权作为质押反担保。

三、被担保企业经营与财务状况

• 张家港沙洲电力：总资产127.46亿元，净资产30.13亿元，2026年一季度净利润4,168.78万元。主营火力发电、配售电等。
• 张家港华兴电力：总资产41.36亿元，净资产21.40亿元，2026年一季度净利润1,814.01万元。主营发电、输配电等。
• 华兴长城能源：总资产1.31亿元，净资产3,044.21万元，2026年一季度亏损62.68万元。主营天然气、发电及供热。
• 沙洲新能源公司：总资产2.25亿元，净资产为负（-175.22万元），2026年一季度亏损80.58万元。主营新能源技术开发等。

大部分被担保企业具备较强资产规模和盈利能力，但个别如沙洲新能源公司存在净资产为负、亏损现象，投资者需关注其持续经营能力和风险。

四、累计对外担保及风险提示

• 公司累计对外担保及抵（质）押总额达24.47亿元，占净资产52.28%，其中公司对子公司及下属公司间担保总额18.06亿元，占净资产38.58%。
• 对控股股东永泰集团的担保余额为7.25亿元。
• 公司目前不存在担保逾期情况，但大额担保可能带来潜在财务风险，一旦被担保企业出现违约，公司将面临较大偿付压力。
• 本次担保事项已获董事长审批，根据公司年度股东大会授权，无需再次提交股东大会审议。

五、对股价的潜在影响

此次公告显示公司对下属企业的担保力度加大，累计担保比例已超过净资产50%红线，且部分被担保企业资产负债率高企，个别企业净资产为负。虽然目前未出现逾期，但此举将显著提升公司整体财务风险。投资者应密切关注公司后续担保规模变化、下属企业经营状况及潜在违约风险，相关风险可能对公司股价构成压力，属于重要、价格敏感信息。

六、其他补充信息

• 本次公告附件包括董事长批准文件、相关子公司营业执照及财务报表。
• 公司对担保事项的合规性做出说明，认为风险可控，符合公司章程及相关法规。

免责声明

本文仅为信息披露解读，不构成任何投资建议。投资者应结合自身风险承受能力，关注上市公司公告及相关经营和财务风险，并谨慎决策。

Yongtai Energy Group Co., Ltd. Provides Large-Scale Guarantees for Subsidiaries: Key Details for Investors

Stock Code: 600157
Stock Abbreviation: Yongtai Energy
Announcement No.: Lin 2026-033

1. Key Points & Investor Significance

• Large cumulative guarantee exposure: over 50% of net assets. The company and its subsidiaries have provided external guarantees totaling RMB 2.447 billion, accounting for 52.28% of the most recently audited net assets. This is a high risk threshold and a major point for investor attention.
• Main guarantee targets are key subsidiaries in power and new energy sectors, including Zhangjiagang Shazhou Electric Power, Zhangjiagang Huaxing Electric Power, Zhangjiagang Huaxing Great Wall Energy, and Zhangjiagang Shazhou New Energy Technology.
• Some guaranteed units have asset-liability ratios above 70%. This means high financial leverage and increased risk for these subsidiaries.
• No overdue guarantees so far. The company’s overall risk is currently under control.
• Guarantees are for normal operating capital needs, primarily internal cross-guarantees within the company group, with some being secured by electricity fee receivables.

2. Details of the Guarantee Arrangements

• Zhangjiagang Shazhou Electric Power: New guarantee RMB 30 million, existing guarantee balance RMB 2.819 billion.
• Zhangjiagang Huaxing Electric Power: New guarantee RMB 20 million, existing guarantee balance RMB 451 million.
• Zhangjiagang Huaxing Great Wall Energy: New guarantee RMB 20 million, existing guarantee balance RMB 55 million.
• Zhangjiagang Shazhou New Energy Technology: New guarantee RMB 40 million, existing guarantee balance RMB 30 million.

All loans are for working capital, up to 2 years. The guarantees are provided by Jinkang Guarantee Company, with Yongtai Energy and subsidiaries providing counter-guarantees (including pledges on a portion of electricity fee receivables).

3. Financial & Operating Status of Guaranteed Subsidiaries

• Zhangjiagang Shazhou Electric Power: Total assets RMB 12.75 billion, net assets RMB 3.01 billion, Q1 2026 net profit RMB 41.68 million. Main business: thermal power, power distribution, etc.
• Zhangjiagang Huaxing Electric Power: Total assets RMB 4.14 billion, net assets RMB 2.14 billion, Q1 2026 net profit RMB 18.14 million. Main business: power generation/distribution, etc.
• Huaxing Great Wall Energy: Total assets RMB 131 million, net assets RMB 30.44 million, Q1 2026 net loss RMB 0.63 million. Main business: natural gas, power/heat supply.
• Shazhou New Energy: Total assets RMB 225 million, net assets negative (-RMB 1.75 million), Q1 2026 net loss RMB 0.81 million. Main business: new energy tech development, etc.

Most subsidiaries have strong asset bases and profitability, but some (e.g., Shazhou New Energy) have negative net assets and losses, so investors should monitor their viability and risk.

4. Cumulative Guarantee and Risk Alert

• Total group-wide guarantees and pledges reach RMB 2.447 billion (52.28% of net assets), with group-internal guarantees at RMB 1.806 billion (38.58% of net assets).
• Guarantees for the controlling shareholder (Yongtai Group) total RMB 724 million.
• All guarantees are currently performing, with no overdue exposure. However, the high level of guarantees poses potential financial risk if subsidiaries default, with significant repayment pressure for the company.
• These guarantee items have been approved by the chairman under shareholder authorization and do not require further shareholder meeting approval.

5. Potential Share Price Impact

The announcement reveals that Yongtai Energy has increased its guarantee exposure for subsidiaries, with total guarantee levels exceeding the 50% net asset warning line. Some subsidiaries have very high leverage and even negative net assets. While there are no overdue guarantees, this move significantly heightens financial risk for the group. Investors should watch for further changes in guarantee scale, the financial health of subsidiaries, and any default risk, as these factors are material and price-sensitive.

6. Additional Information

• Attachments include chairman’s approval documents, business licenses, and financial statements of the main subsidiaries.
• The company asserts that the guarantees are compliant and manageable under its articles and relevant laws.

Disclaimer

This article is for information and disclosure interpretation only and does not constitute any investment advice. Investors should consider their own risk tolerance, monitor official company announcements, and be aware of operational and financial risks in making any investment decisions.