江苏金融租赁股份有限公司为项目公司提供大额担保，累计余额近48亿元人民币

要点速览

• 公司为四家全资项目公司提供大额美元担保，涉及金额合计59,670,000美元（约合4.79亿元人民币）。
• 本次担保均为公司全资子公司，主要用于跨境船舶租赁业务。
• 公司对外担保余额占净资产比例达19.83%，但无逾期担保。
• 董事会及股东大会已授权，公司称风险可控，且本次担保无需再度审批。

详细内容解读

江苏金融租赁股份有限公司（证券代码：600901，简称“江苏金租”）于2026年3月12日发布公告，披露为其在境内保税地区设立的四家全资项目公司——汇礼（天津）航运租赁有限公司、汇淼（天津）航运租赁有限公司、汇硕（天津）航运租赁有限公司、汇翔（天津）航运租赁有限公司——提供合计59,670,000美元的连带责任保证担保。
本次担保所涉担保金额及详情：

• 汇礼租赁：19,800,000美元
• 汇淼租赁：19,800,000美元
• 汇硕租赁：18,720,000美元
• 汇翔租赁：1,350,000美元

本次担保无反担保措施，且不存在逾期担保情况。
担保协议均与中国光大银行股份有限公司（南京分行及天津分行）签署，担保期限为主合同项下债务履行期满之日起三年，担保方式为连带责任保证，担保范围涵盖主债权本金、利息、复利、违约金、损害赔偿金及实现债权的全部费用。

公司决策与授权流程

该担保事项已于2025年4月25日董事会会议及2024年年度股东大会审议通过，期限自2024年年度股东大会通过之日起至2025年年度股东大会止，授权公司在不超过60亿元人民币（或等值外币）的额度内为项目公司提供担保，单一时点担保余额不超过100亿元人民币。公告明确，本次担保在授权范围和有效期内，无需再度提交审议。
此举显示出公司对项目公司跨境船舶租赁业务的持续支持及对融资能力的重视。

被担保项目公司基本情况

• 汇礼（天津）航运租赁有限公司：2025年8月27日成立，总资产1.75亿元，净资产22.2万元，2025年净利润12.5万元。
• 汇淼（天津）航运租赁有限公司：2025年8月27日成立，总资产53万元，净资产9.97万元，2025年净利润468元。
• 汇硕（天津）航运租赁有限公司：2025年8月27日成立，总资产1.65亿元，净资产21.5万元，2025年净利润11.8万元。
• 汇翔（天津）航运租赁有限公司：2021年11月12日成立，总资产4080万元，净资产180万元，2025年净利润1149万元。

以上四家公司均为江苏金租全资控股，主营业务为融资租赁，均无涉及对外担保重大诉讼或仲裁，亦不属于失信被执行人。
值得关注的是，部分项目公司净资产和净利润较小，显示业务刚起步，资产负债率较高，投资者需注意其未来经营和偿债能力变化对母公司潜在影响。

对公司及股东影响

本次担保事项对江苏金租的影响：

• 截至2026年3月11日，公司累计对外担保余额为4,785,128,485.76元人民币，占公司2024年末净资产的19.83%。
• 公司暂无逾期担保事项，声称担保风险可控。
• 本次担保为推动项目公司融资租赁业务发展，有助于主营业务扩展和跨境布局。

风险提示：大额担保可能加大公司整体财务风险，若项目公司未来出现经营或偿债问题，母公司将承担连带责任，可能对公司财务状况和股东利益产生不利影响。此举为公司主动支持项目公司业务发展，但需持续关注项目公司实际运营及偿债能力。

投资者需关注的关键信息（或可能影响股价的要素）

• 担保金额大，占净资产比例近20%，且部分项目公司盈利能力较弱，投资者应关注其偿债能力变化。
• 公司为全资子公司背书，体现对跨境船舶租赁业务的重视，若项目公司业务快速增长，或将反哺母公司业绩。
• 如未来出现大额逾期或违约，将直接影响公司财务表现，进而影响股价。
• 目前公司认为风险可控，且无逾期担保，但未来需持续跟踪项目公司经营及外部经济环境变化。

免责声明

本文仅为信息披露和投资参考，不构成任何投资建议。投资有风险，决策需谨慎。请以公司公告及权威信息为准。

English Version

Jiangsu Financial Leasing Issues Major Guarantees for Project Companies, Totaling RMB 4.79 Billion

Key Points

• The company provides large USD-denominated guarantees (totaling USD 59,670,000 or approximately RMB 479 million) for four wholly-owned project companies.
• The guarantees are for financing cross-border ship leasing business.
• The total guarantee balance accounts for 19.83% of company’s net assets, with no overdue guarantees reported.
• Board and shareholder meeting have authorized this; no further approval is needed, and the company claims risks are controllable.

Detailed Analysis

Jiangsu Financial Leasing Co., Ltd. (stock code: 600901, “Jiangsu Financial Leasing”) announced on March 12, 2026, that it is providing joint and several liability guarantees totaling USD 59,670,000 for four wholly-owned project companies established in domestic bonded areas—Huili (Tianjin) Shipping Leasing, Huimiao (Tianjin) Shipping Leasing, Huishuo (Tianjin) Shipping Leasing, and Huixiang (Tianjin) Shipping Leasing.
Guarantee details:

• Huili Leasing: USD 19,800,000
• Huimiao Leasing: USD 19,800,000
• Huishuo Leasing: USD 18,720,000
• Huixiang Leasing: USD 1,350,000

No counter-guarantees are in place, and there are no overdue guarantees.
The guarantee agreements are with China Everbright Bank (Nanjing and Tianjin branches), the guarantee period is three years after the debt maturity under the main contract, and the scope covers principal, interest, penalty interest, compensation, and all fees related to debt recovery.

Company Decision and Authorization Process

The guarantees were approved at the April 25, 2025, board meeting and the 2024 annual shareholders’ meeting. The company is authorized to provide guarantees for project companies within a cumulative limit of RMB 6 billion (or equivalent foreign currency), with a maximum outstanding balance at any time not exceeding RMB 10 billion. The current guarantees are within the authorized scope and valid period and do not require further approval.
This reflects the company’s strong support for the cross-border ship leasing business and its financing capabilities.

Profile of Project Companies

• Huili (Tianjin) Shipping Leasing: Established August 27, 2025. Total assets RMB 17.46 million, net assets RMB 0.22 million, 2025 net profit RMB 0.125 million.
• Huimiao (Tianjin) Shipping Leasing: Established August 27, 2025. Total assets RMB 0.53 million, net assets RMB 0.099 million, 2025 net profit RMB 468.
• Huishuo (Tianjin) Shipping Leasing: Established August 27, 2025. Total assets RMB 16.5 million, net assets RMB 0.215 million, 2025 net profit RMB 0.118 million.
• Huixiang (Tianjin) Shipping Leasing: Established November 12, 2021. Total assets RMB 4.08 million, net assets RMB 1.8 million, 2025 net profit RMB 11.5 million.

All four are wholly-owned by Jiangsu Financial Leasing, engaged in financial leasing, and have no significant litigation, arbitration, or credit enforcement records. Some project companies have small net assets and profits, indicating early-stage operations and high leverage. Investors should watch for changes in their performance and debt service capacity.

Impact on Company and Shareholders

Implications:

• As of March 11, 2026, the company’s total outstanding guarantees are RMB 4.79 billion, 19.83% of audited net assets as of year-end 2024.
• No overdue guarantees; company claims risk is controllable.
• The guarantees support the development of the leasing business and international strategy.

Risk warning: Large guarantees raise financial risk; if project companies default, the parent company bears joint and several liability, possibly harming financials and shareholder interests. While the company claims risks are manageable, investors should monitor project operations and market conditions.

Key Issues for Investors (Potential Price Sensitivity)

• Guarantee size is significant (about 20% of net assets), with some project companies having weak profitability—investors should monitor their debt service ability.
• Backing wholly-owned subsidiaries reflects commitment to expanding ship leasing; rapid project growth could boost parent profits.
• Any major default or overdue guarantee could impact financials and share price.
• Currently, risks are deemed manageable, but ongoing monitoring is necessary.

Disclaimer

This article is for information and reference only and does not constitute investment advice. Investment carries risk; please make decisions cautiously and refer to official disclosures.

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