华升股份发布2026年度预计担保额度公告，涉资近亿元，多家子公司资产负债率高企
【华升股份（600156）2026年担保额度公告要点】
- 担保总额：湖南华升股份有限公司（下称“公司”）计划于2026年度为控股子（孙）公司提供不超过9,902.4万元的担保额度，担保方式主要为连带责任保证。
- 被担保企业：湖南华升金爽健康科技有限公司、湖南华升纺织科技有限公司、湖南华升株洲雪松有限公司。
- 无反担保，部分子公司资产负债率超70%：担保对象中，金爽公司、纺织科技公司资产负债率分别为70.2%和97.51%，风险提示明确指出部分子公司资产负债率高企。
- 审批流程：相关担保额度已于2026年3月12日经董事会通过，尚需提交公司股东大会审议。董事会请求授权法定代表人或其指定代理人办理相关法律手续，授权有效期为自股东大会通过之日起12个月。
- 担保余额与风险：截至公告日，公司对子公司担保余额为12,900万元，占母公司最近一期净资产的34.38%；目前无逾期担保。公司表示对控股子（孙）公司具备控制力，担保风险可控。
- 被担保公司财务表现（2025年末）：
- 金爽公司：资产总额3,103万元，负债2,178万元，净资产925万元，2025年收入1,020万元，净利润-601万元。
- 纺织科技公司：资产总额21,721万元，负债21,180万元，净资产541万元，2025年收入8,360万元，净利润-1,351万元。
- 株洲雪松公司：资产总额33,973万元，负债23,272万元，净资产10,701万元，2025年收入3,778万元，净利润-1,281万元。
- 用途及必要性：担保额度用于提升子公司融资能力，保障日常经营和业务拓展，同时降低融资成本和信用风险，公司认为风险可控且符合整体利益和发展战略。
- 后续流程及不确定性：公告指出，具体担保金额、期限等将与金融机构协商确定，以实际签署的协议为准。
对投资者的潜在影响与关注要点
- 高资产负债率风险：两家被担保公司资产负债率分别高达70.2%和97.51%，且均为亏损状态。股东需密切关注其后续经营改善情况及偿债能力，一旦出现流动性或信用风险，或将影响上市公司整体财务稳健性。
- 担保额度占比高：担保余额已占净资产的34.38%，若后续出现被担保方违约，上市公司需承担较大担保风险，可能影响股价波动。
- 无反担保措施：公司本次担保未设定反担保措施，风险完全由母公司承担，需持续关注相关子公司经营动态及风险防控措施。
- 董事会意见及控制力：公司强调对子公司具备充分控制能力，风险可控。但相关担保最终需经股东大会批准，请投资者关注后续会议结果及公告。
【风险提示】
以上信息为湖南华升股份有限公司2026年担保额度公告要点，涉及高资产负债率子公司及大额担保安排，投资者应密切关注公告相关后续动态和子公司经营状况，注意潜在融资和信用风险，理性决策。
免责声明：本文内容仅供参考，不构成任何投资建议。投资者据此操作，风险自担。请以公司公告及相关法律文件为准。
Huasheng Shares Announces Nearly 100 Million RMB in Projected Guarantees for 2026, Subsidiaries’ High Debt Ratios in Focus
Key Highlights from Huasheng Shares (600156) 2026 Guarantee Quota Announcement
- Total Guarantee Amount: Hunan Huasheng Co., Ltd. (the “Company”) plans to provide guarantees for its controlled subsidiaries totaling up to RMB 99.024 million in 2026, mainly via joint liability guarantees.
- Guaranteed Entities: Hunan Huasheng Jinshuang Health Technology Co., Ltd., Hunan Huasheng Textile Technology Co., Ltd., and Hunan Huasheng Zhuzhou Xuesong Co., Ltd.
- No Counter-Guarantee, High Subsidiary Leverage: Among the guaranteed entities, Jinshuang and Textile Technology have asset-liability ratios of 70.2% and 97.51% respectively. The announcement clearly warns of the high leverage risk.
- Approval Process: The guarantee quota was approved by the Board on March 12, 2026, and still requires shareholder meeting approval. The Board seeks authorization for the legal representative or their designee to handle related legal procedures, with authorization valid for 12 months post-approval.
- Guarantee Balance & Risk: As of the disclosure date, the company’s guarantee balance for subsidiaries is RMB 129 million, accounting for 34.38% of the latest audited parent equity. No overdue guarantees as of now. The company claims full control over subsidiaries and considers the risk manageable.
- Financials of Guaranteed Subsidiaries (End 2025):
- Jinshuang: Total assets RMB 31.03 million, liabilities RMB 21.78 million, net assets RMB 9.25 million; 2025 revenue RMB 10.2 million, net loss RMB 6.01 million.
- Textile Technology: Total assets RMB 217.21 million, liabilities RMB 211.8 million, net assets RMB 5.41 million; 2025 revenue RMB 83.6 million, net loss RMB 13.51 million.
- Zhuzhou Xuesong: Total assets RMB 339.73 million, liabilities RMB 232.72 million, net assets RMB 107.01 million; 2025 revenue RMB 37.78 million, net loss RMB 12.81 million.
- Purpose & Rationale: Guarantees are intended to boost subsidiary financing capacity, support daily operations and expansion, lower financing costs, and mitigate credit risk. The company asserts these measures align with its strategy and risk is controllable.
- Uncertainties & Next Steps: Actual guarantee amounts, periods, and terms will be negotiated with financial institutions and subject to final signed agreements.
Potential Investor Impact & Key Points
- High Leverage Risk: Two guaranteed subsidiaries have leverage ratios over 70%, both in loss-making positions. Shareholders should monitor their future operational improvements and debt servicing ability closely, as liquidity or credit risks could affect the listed company’s financial health.
- High Guarantee Proportion: The guarantee balance already accounts for 34.38% of net assets; any default by the guaranteed parties would pose significant risk to the parent, potentially impacting share price volatility.
- No Counter-Guarantee: No counter-guarantee measures are in place; the parent fully bears the risk. Ongoing monitoring of subsidiary performance and risk control is critical.
- Board’s Opinion & Control: The board claims effective control and risk management, but these guarantees still require shareholder meeting approval. Investors should track subsequent official meetings and disclosures.
[Risk Warning]
The above reflects the main points of Huasheng’s 2026 guarantee quota announcement. It involves large-scale guarantees for highly leveraged, loss-making subsidiaries. Investors should closely follow further disclosures and subsidiary performance, remain aware of potential financing and credit risks, and make prudent decisions.
Disclaimer: The content above is for reference only and does not constitute investment advice. Investors act at their own risk. Please refer to formal company announcements and legal documents for final information.
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