浙江阳光照明电器集团为三家全资子公司提供总计1.1亿元担保，详解担保金额与财务状况

阳光照明发布为子公司提供担保公告，或影响股价表现

阳光照明发布为子公司提供担保公告，累计额度达1.1亿元

浙江阳光照明电器集团股份有限公司（600261.SH）于2026年7月25日发布公告，披露公司将为旗下三家全资子公司——浙江阳光城市照明工程有限公司（“城市照明”）、安徽阳光照明电器有限公司（“安徽阳光”）、浙江家利宝照明电器有限公司（“家利宝”）提供合计1.1亿元的年度担保额度。本次担保事项已获2025年年度股东会审议批准，并处于年度计划额度范围之内。

一、公告核心要点

公司拟为城市照明提供最高7,000万元担保，为安徽阳光提供最高3,000万元担保，为家利宝提供最高1,000万元担保，担保有效期均为一年。
截至2026年7月23日，公司对三家子公司的实际担保余额分别为4,681.92万元、1,102.62万元和612.85万元。
本次担保事项无反担保措施，且无逾期担保情况。
公司2026年度总担保计划为不超过11亿元，其中资产负债率高于70%的子公司担保额度不超过1.6亿元，低于70%的子公司担保额度不超过9.4亿元，可根据实际需要灵活调剂。
本次担保事项已履行了董事会与股东会的审批程序，无需再行履行其他程序。

二、担保子公司基本情况详解

1. 浙江阳光城市照明工程有限公司

成立于2002年8月16日，注册资本7,000万元，主营照明电器及其附件、LED产品制造与销售及工程安装。
2025年末资产总额为30,696.8万元，负债21,258.2万元，净资产9,438.6万元。2026年上半年资产总额30,806.78万元，净资产9,607.47万元。
2025年全年实现营收30,700.31万元，净利润431.94万元，2026年上半年营收15,784.6万元，净利润168.87万元。
公司间接持有其100%股权，无失信被执行人记录，偿债能力良好。

2. 安徽阳光照明电器有限公司

成立于2013年6月5日，注册资本1亿元，主营照明电器、仪器设备的开发、制造与安装。
2025年末资产总额19,660.98万元，净资产10,422.51万元；2026年上半年资产21,529.50万元，净资产10,359.46万元。
2025年营收11,533.38万元，净利润为-639.25万元，2026年上半年营收6,493万元，净利润-63.05万元。
公司直接持有其100%股权，无失信记录，偿债能力无重大风险。

3. 浙江家利宝照明电器有限公司

成立于2016年12月1日，注册资本2,000万元，主营照明器具及半导体照明器件制造销售。
2025年末资产总额7,788.16万元，净资产2,596.09万元；2026年上半年资产3,502.95万元，净资产2,581.98万元。
2025年营收11,215.63万元，净利润105.09万元，2026年上半年营收318.49万元，净利润-14.12万元。
公司直接持有其100%股权，无失信记录，偿债能力良好。

三、对投资者和股价的潜在影响

本次担保涉及金额较大，合计使用额度达1.1亿元，反映公司对子公司业务发展的高度支持。这将提升子公司融资能力，有利于子公司业务扩张和运营稳定。
三家被担保子公司中，安徽阳光2025年和2026年上半年连续亏损，可能需要投资者关注其经营改善和风险控制情况。
公司对外担保总额占净资产比例为4.25%，风险总体可控，且未发生逾期担保。
本次担保无反担保措施，若被担保子公司发生违约，公司将承担连带责任，需持续关注子公司经营与财务状况。
公司未对控股股东及实控人提供担保，符合合规性要求，维护了中小股东利益。

四、董事会意见与风险提示

公司董事会认为，本次为子公司提供担保有助于其获得银行流动性支持，担保风险基本可控，且不会损害上市公司及中小股东利益。公司将密切关注子公司经营状况，防范潜在财务风险。

五、投资者需关注的重点信息

担保额度较大，短期内不会显著增厚公司利润，但有望改善子公司资金状况，间接提升公司整体业绩表现。
须关注安徽阳光连续亏损情况及相关担保风险。
公司整体对外担保风险可控，暂无逾期担保或重大风险事项。

免责声明： 本文依据阳光照明公告整理，仅供投资者参考。本文不构成任何投资建议，投资者据此操作风险自负。请关注公司后续公告和实际经营情况变化。

English Version
Sunshine Lighting Announces Major Subsidiary Guarantee Plan, May Impact Share Price

Sunshine Lighting Issues Guarantee Announcement for Subsidiaries, Aggregate Quota Reaches RMB 1.1 Billion

Zhejiang Sunshine Lighting Group Co., Ltd. (600261.SH) announced on July 25, 2026, that it will provide up to RMB 110 million in guarantees for three wholly-owned subsidiaries: Zhejiang Sunshine Urban Lighting Engineering Co., Ltd. (“Urban Lighting”), Anhui Sunshine Lighting Electric Co., Ltd. (“Anhui Sunshine”), and Zhejiang Jialibao Lighting Electric Co., Ltd. (“Jialibao”). The guarantee plan has been approved at the 2025 Annual Shareholders Meeting and is within the annual planned quota.

I. Key Highlights

The company will provide up to RMB 70 million guarantee for Urban Lighting, RMB 30 million for Anhui Sunshine, and RMB 10 million for Jialibao, all valid for one year.
As of July 23, 2026, the actual guarantee balances for the three subsidiaries are RMB 46.82 million, RMB 11.03 million, and RMB 6.13 million, respectively.
No counter-guarantee measures for these guarantees, and no overdue guarantees reported.
The company’s total guarantee plan for 2026 is up to RMB 1.1 billion, with up to RMB 160 million for subsidiaries with asset-liability ratios over 70% and up to RMB 940 million for those below 70%, adjustable as needed.
This guarantee plan has completed all necessary board and shareholder approvals, with no further procedures needed.

II. Detailed Subsidiary Profiles

1. Zhejiang Sunshine Urban Lighting Engineering Co., Ltd.

Established August 16, 2002; registered capital RMB 70 million; main business: manufacturing and sales of lighting equipment, LED products, and engineering installation.
As of end-2025: total assets RMB 306.97 million, net assets RMB 94.39 million. Mid-2026: total assets RMB 308.07 million, net assets RMB 96.07 million.
2025 revenue RMB 307.00 million, net profit RMB 4.32 million; H1 2026 revenue RMB 157.85 million, net profit RMB 1.69 million.
100% indirectly held, not a defaulter, good solvency.

2. Anhui Sunshine Lighting Electric Co., Ltd.

Established June 5, 2013; registered capital RMB 100 million; main business: lighting and equipment development, manufacturing, and installation.
End-2025: total assets RMB 196.61 million, net assets RMB 104.23 million. Mid-2026: total assets RMB 215.30 million, net assets RMB 103.59 million.
2025 revenue RMB 115.33 million, net profit -RMB 6.39 million; H1 2026 revenue RMB 64.93 million, net profit -RMB 0.63 million.
100% directly owned, not a defaulter, no major solvency risk.

3. Zhejiang Jialibao Lighting Electric Co., Ltd.

Established December 1, 2016; registered capital RMB 20 million; main business: manufacturing and sales of lighting and semiconductor lighting components.
End-2025: total assets RMB 77.88 million, net assets RMB 25.96 million. Mid-2026: total assets RMB 35.03 million, net assets RMB 25.82 million.
2025 revenue RMB 112.16 million, net profit RMB 1.05 million; H1 2026 revenue RMB 3.18 million, net profit -RMB 0.14 million.
100% directly held, not a defaulter, good solvency.

III. Potential Impact on Investors and Share Price

The guarantee amounts are significant (up to RMB 110 million), reflecting the parent’s strong support for subsidiary business development, which could improve their financing capacity and business stability.
Among the subsidiaries, Anhui Sunshine has reported consecutive losses in 2025 and H1 2026, warranting investor attention to its business recovery and risk management.
The company’s total external guarantee exposure is 4.25% of net assets, considered manageable, with no overdue guarantees.
No counter-guarantees are in place; should any subsidiary default, the company bears joint liability—continuous monitoring is advised.
No guarantees provided to controlling shareholders or connected parties, ensuring compliance and minority shareholder protection.

IV. Board Opinion and Risk Alert

The board believes these guarantees are necessary for the subsidiaries’ liquidity, with controllable risk, and do not harm company or minority shareholder interests. The company will closely monitor subsidiary operations and financials to mitigate potential risks.

V. Key Points for Investors

The large guarantee quotas will not immediately boost company profits but may enhance subsidiary operations and, indirectly, group performance.
Investors should closely watch Anhui Sunshine’s losses and related guarantee risk.
Overall guarantee risk for the group is controllable, with no overdue or major risk events.

Disclaimer: This article is based on Sunshine Lighting’s official disclosures and is for informational purposes only. It does not constitute investment advice. Investors should be aware of subsequent disclosures and actual business developments.