安徽鑫科新材料股份有限公司为控股子公司提供重大担保，担保总额远超净资产
报告要点
- 公司董事会及全体董事确认公告内容真实、准确、完整。
- 公司为控股子公司安徽鑫鸿电缆有限责任公司（下称“鑫鸿电缆”）提供担保，最新担保金额为人民币3,600万元，担保余额高达10,600万元。
- 截至公告日，公司及控股子公司累计对外担保总额为243,575万元，占2025年度经审计净资产的166.90%，担保额度更高达净资产的205.57%。
- 本次担保无反担保措施。
- 担保事项已通过董事会及年度股东会审议。
- 担保为连带责任保证，期限三年，涵盖债权本金、利息、违约金、损害赔偿及实现债权相关费用。
- 被担保人鑫鸿电缆资产负债情况稳定，鑫科材料间接持股80%。
- 公司及控股子公司不存在逾期担保事项。
详细内容
安徽鑫科新材料股份有限公司（证券代码：600255，简称“鑫科材料”）于2026年5月26日发布公告，披露公司与徽商银行芜湖人民路支行签署《最高额保证合同》，为控股子公司鑫鸿电缆在未来三年内办理的各类融资提供连带责任保证担保，最高债权额为3,600万元。此次担保为满足公司及子公司业务发展和生产经营需要，旨在支持子公司持续发展。
截至本公告日，鑫科材料为鑫鸿电缆实际提供的担保余额为10,600万元。公司及其控股子公司累计对外担保总额已达243,575万元，占2025年度经审计净资产的166.90%，且整体担保额度高达净资产的205.57%。这一担保比例远超行业常规警戒线，标志着公司承担的担保风险显著上升。
本次担保事项已通过公司董事会和年度股东会审议，担保期限为三年，方式为连带责任保证。担保范围不仅包括债权本金及利息，还涵盖罚息、复利、违约金、损害赔偿金以及债务人应支付的其他款项，甚至涉诉费用等。
被担保公司鑫鸿电缆成立于2017年11月，注册资本4,500万元，主要经营电线电缆及电工材料开发、生产与销售。2026年一季度资产总额29,218.43万元，资产净额12,400.69万元，营业收入10,064.65万元，净利润406.58万元。鑫科材料间接持股80%，对其经营有较强控制力。
公司及控股子公司实际担保总额远超净资产，意味着公司财务杠杆进一步提高，潜在风险值得投资者高度关注。尤其在没有反担保措施的情况下，若被担保方发生违约，公司需承担全额责任，可能对公司现金流和资产状况产生重大影响。
虽然公司认为担保事项对业务发展有利，担保风险可控，但高额担保比例可能引发市场对于公司财务稳健性的担忧，潜在影响股价波动。投资者应关注被担保方经营状况及公司担保政策变化，审慎评估投资风险。
投资者关注要点
- 担保总额远超公司净资产，财务风险显著提升。
- 本次担保无反担保措施，如发生违约公司需承担全部责任。
- 担保对象为控股子公司，经营状况需持续关注。
- 担保事项已获得董事会和股东会审议通过。
免责声明
本文仅为信息披露整理，不构成任何投资建议或承诺。投资者需根据自身风险偏好，结合公告内容及公司实际情况，谨慎决策。
Anhui Xinke New Materials Co., Ltd. Provides Major Guarantee for Subsidiary; Guarantee Exposure Far Exceeds Net Assets
Key Highlights
- The Board confirms the authenticity, accuracy, and completeness of the announcement.
- The company provides a new guarantee of RMB 36 million for subsidiary Anhui Xinhong Cable Co., Ltd. (Xinhong Cable), bringing the guarantee balance to RMB 106 million.
- As of the announcement date, total external guarantees by the company and subsidiaries amount to RMB 2.43575 billion, representing 166.90% of 2025 audited net assets. The approved guarantee limit is even higher at 205.57% of net assets.
- No counter-guarantee arrangements are in place.
- The guarantee has been reviewed and approved by the Board and shareholders’ meeting.
- Guarantee is a joint liability guarantee for three years, covering principal, interest, penalty interest, damages, and all related costs.
- Xinhong Cable is financially stable, with Xinke Materials holding 80% indirect ownership.
- No overdue guarantee matters exist.
Detailed Report
Anhui Xinke New Materials Co., Ltd. (stock code: 600255) announced on May 26, 2026, that it has signed a maximum guarantee contract with Huishang Bank Wuhu People’s Road Branch, providing joint liability guarantee for subsidiary Xinhong Cable’s financing over the next three years, with a maximum guarantee amount of RMB 36 million. This guarantee is intended to support business and production needs of both the company and its subsidiary.
As of the announcement, Xinke Materials’ actual guarantee balance for Xinhong Cable stands at RMB 106 million. The company’s total external guarantees (including subsidiaries) have reached RMB 2.43575 billion, 166.90% of audited net assets for 2025, with the total approved guarantee limit at 205.57%. This level of exposure far exceeds typical industry norms, highlighting significantly increased financial risk.
The guarantee, approved by the Board and shareholders’ meeting, has a three-year term and is a joint liability guarantee. Coverage includes not only principal and interest, but also penalty interest, compounded interest, damages, and all fees involved in realizing the debt, including litigation and legal fees.
The guaranteed entity, Xinhong Cable, was established in November 2017 with registered capital of RMB 45 million, mainly engaged in development, production, and sales of cables and electrical materials. As of March 2026, it reported total assets of RMB 292.18 million, net assets of RMB 124.01 million, revenue of RMB 100.65 million, and a net profit of RMB 4.07 million. Xinke Materials holds an 80% indirect stake, maintaining strong control over its operations.
The company’s guarantee exposure far exceeds its net assets, indicating increased financial leverage and potential risk. In absence of counter-guarantee, any default by the subsidiary would require Xinke Materials to assume full responsibility, with possible substantial impact on cash flow and asset position.
Though the company claims the guarantee is beneficial for business development and risks are controllable, the high guarantee ratio may raise market concerns about financial soundness, potentially affecting share price volatility. Investors should closely monitor the financial health of Xinhong Cable and any changes in guarantee policy, and carefully assess investment risks.
Investor Focus
- Guarantee exposure greatly exceeds net assets, highlighting significant financial risk.
- No counter-guarantee arrangements; full liability in case of default.
- Subsidiary’s business performance requires ongoing attention.
- Guarantee has been duly approved by Board and shareholders.
Disclaimer
This article is for information disclosure purposes only and does not constitute investment advice. Investors should make decisions prudently, taking into account their own risk tolerance and the company’s actual circumstances.
