中远海运能源为全资子公司提供7亿美元年度担保额度，保荐人无异议

要点概述

• 中远海运能源运输股份有限公司（简称“中远海能”）计划在2026年7月1日至2027年6月30日期间，为旗下6家全资子公司提供不超过7亿美元（或等值其他币种）的年度融资担保额度。
• 此次担保额度须经股东大会审议批准后方可生效实施，额度可在控股子公司之间根据实际需求调剂使用。
• 保荐人国泰海通证券股份有限公司已对该事项进行核查，认为其符合监管规定，担保对象信用状况良好，不存在偿债风险，对中小股东利益无损害。
• 截至核查意见出具日，公司累计对外担保余额约为25.63亿元人民币，占最新净资产5.52%，无逾期担保情况。

详细内容

一、担保额度安排

2026年第八次董事会会议审议通过，公司拟为以下6家全资子公司提供年度担保，具体安排如下：

二、被担保方基本情况及财务数据

全部被担保方均为公司全资子公司，信用良好，未列入失信被执行人名单，且不存在影响偿债能力的重大事项。主要业务涵盖船舶运营、国际航运、水上货物运输、化工运输及氢基能源综合物流等。2025年末主要子公司净资产、营业收入及净利润如下：

• 寰宇船务企业有限公司：资产总额75.31亿元，净资产26.95亿元，净利润5.59亿元
• 中海发展（香港）航运有限公司：资产总额174.8亿元，净资产64.07亿元，净利润7.05亿元
• 中远海运油品运输（新加坡）有限公司：资产总额28.92亿元，净资产12.3亿元，净利润0.85亿元
• 海南中远海运能源运输有限公司：资产总额202.22亿元，净资产126.71亿元，净利润18.22亿元
• 上海中远海能化工运输有限公司：资产总额5.98亿元，净资产4.62亿元，净利润0.07亿元
• 大连中远海运能源供应链有限公司：资产总额21.93亿元，净资产10.62亿元，净利润-0.01亿元

三、担保安排的必要性与合理性

公司董事会认为，此次担保能降低子公司融资成本、提升融资效率，符合公司经营发展需要。被担保方经营正常，无偿债风险，担保安排不会损害上市公司及股东（特别是中小股东）利益。

四、董事会及保荐人意见

公司董事会已审议通过本次担保事项，认为风险可控，符合规范运作要求，将提交股东大会审议。保荐人国泰海通证券核查后亦无异议，确认被担保方为全资子公司，且担保属于正常经营需求，不损害公司及中小股东利益。

五、累计担保及风险提示

• 截至公告日，公司累计对外担保余额约25.63亿元人民币，占最新经审计净资产5.52%。
• 其中，对非子公司担保余额约15.63亿元（3.37%），对子公司担保余额约10亿元（2.16%）。
• 公司及控股子公司不存在逾期担保。

投资者须知与潜在影响

本次为全资子公司提供7亿美元年度担保额度，虽然金额较大，但被担保子公司均为集团核心资产、财务状况良好，且担保额度占净资产比例较低，风险总体可控。此举有助于提升子公司融资能力和业务发展，或将优化公司整体资金结构，增强盈利能力。投资者需关注后续股东大会审议及实际担保执行进展，短期内对公司经营及股价的积极影响需结合宏观市场和行业走势判断。

免责声明：本文基于公司公告及公开信息整理，仅供参考，不构成投资建议。投资者据此操作，风险自负。请密切关注公司后续公告及相关监管信息披露。

English Version

COSCO SHIPPING Energy Proposes \$700 Million Annual Guarantees for Wholly-Owned Subsidiaries: Sponsor Has No Objection

Key Highlights

• COSCO SHIPPING Energy Transportation Co., Ltd. (“COSCO Energy”) plans to provide up to USD 700 million (or equivalent in other currencies) in annual financing guarantees to six wholly-owned subsidiaries between July 1, 2026, and June 30, 2027.
• This guarantee quota requires shareholder approval before implementation, and the quota can be flexibly allocated among subsidiaries according to business needs.
• Guotai Haitong Securities (the sponsor) conducted a due diligence review and concluded that the proposal is compliant, the subsidiaries have good credit standing, and there are no solvency risks. No harm to minority shareholder interests was found.
• As of the date of the opinion, the company’s total external guarantees amounted to approximately RMB 2.563 billion, accounting for 5.52% of the latest net assets, with no overdue guarantees.

Details

1. Guarantee Quota Arrangement

Approved at the company’s eighth board meeting in 2026, the following six wholly-owned subsidiaries are to receive annual guarantees:

2. Subsidiary Profiles and Financials

All guarantee recipients are wholly-owned subsidiaries with sound credit and no significant solvency concerns. Their businesses include ship management, international shipping, chemical and energy logistics. Key 2025 financials:

• Universal Shipping Enterprises: total assets RMB 7.531B, net assets RMB 2.695B, net profit RMB 559M
• China Shipping Development (HK): total assets RMB 17.48B, net assets RMB 6.407B, net profit RMB 705M
• COSCO Shipping Oil (Singapore): total assets RMB 2.892B, net assets RMB 1.23B, net profit RMB 85M
• Hainan COSCO Shipping Energy: total assets RMB 20.222B, net assets RMB 12.671B, net profit RMB 1.822B
• Shanghai COSCO Chemical: total assets RMB 598M, net assets RMB 462M, net profit RMB 7M
• Dalian COSCO Energy Supply Chain: total assets RMB 2.193B, net assets RMB 1.062B, net profit -RMB 1M

3. Necessity and Reasonableness of Guarantees

The board believes these guarantees are necessary to reduce financing costs and improve efficiency for subsidiaries, supporting business development and posing limited risk to the parent company and shareholders.

4. Board and Sponsor Opinions

The board has approved the proposal, confirming it is prudent and in line with regulatory requirements. The sponsor, Guotai Haitong Securities, has also raised no objection after review.

5. Aggregate Guarantees and Risk Disclosure

• Total external guarantees: RMB 2.563B (5.52% of net assets)
• Guarantees to non-subsidiaries: RMB 1.563B (3.37%)
• Guarantees to subsidiaries: RMB 1B (2.16%)
• No overdue guarantees

Investor Notice and Potential Impact

While the proposed \$700 million guarantee is significant, the subsidiaries are core assets with healthy financials, and the guarantee ratios remain low. This move should enhance subsidiaries’ financing capability and business growth potential, optimizing the group’s capital structure. Investors should watch for shareholder meeting outcomes and guarantee implementation, as the development could be positive for the company’s business and market value—subject to overall industry and macroeconomic factors.

Disclaimer: This article is based on official company disclosures and public information for reference only. It does not constitute investment advice. Investors should make decisions at their own risk and monitor further company announcements.

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