浙江龙盛集团发布重大担保公告，为全资子公司提供超44亿元担保，涉及多家银行

要点概述

• 浙江龙盛集团股份有限公司（证券代码：600352）近日公告，将为旗下七家全资子公司提供总计44.79亿元人民币的连带责任担保。
• 此次担保涉及中国银行、中信银行和平安银行三家金融机构，担保对象包括浙江染化、浙江鸿盛、浙江安诺、绍兴金冠、浙江德司达、浙江科永及杭州龙山等全资子公司。
• 截至公告披露日，公司及其控股子公司对外担保总额已达89.69亿元，占2024年末经审计归属于母公司净资产的26.16%。
• 本次担保对象中，部分子公司的资产负债率已经超过70%，提示了一定的财务风险。
• 公司本次所有担保均为对子公司的担保，未涉及控股股东、实际控制人及其关联方。
• 公司及子公司目前不存在任何逾期担保情形。

详细内容

担保对象及金额明细

浙江龙盛集团本次将为以下全资子公司提供连带责任担保：

担保协议主要内容

• 担保方式：全部为连带责任保证，担保人将对相关子公司在银行借款、贸易融资、保函、资金业务及其它授信业务项下的债务承担连带责任。
• 担保期限：自主合同项下债务履行期限届满之日起三年内，债权人均可要求担保人承担担保责任。
• 最高担保本金：具体根据各子公司与银行签订的最高额保证合同，单笔最大本金担保金额从8000万元至13.7亿元不等。
• 担保范围：除本金外，还包括利息、复利、罚息、违约金、损害赔偿、实现债权的所有费用等。
• 所有合同均无反担保安排。

被担保子公司经营与财务状况

所有被担保公司均为浙江龙盛100%控股的全资子公司，业务覆盖染料、化工、贸易等领域。部分子公司近年净利润波动较大，存在一定经营压力。例如，浙江染化2024年度净利润为-2.77亿元，但2025年前9个月已恢复盈利1394.82万元。

部分公司资产负债率较高，浙江科永、浙江安诺等公司资产负债率均在70%以上，财务杠杆较高，存在一定财务风险。

董事会意见与风险提示

• 董事会认为此次担保是支持全资子公司日常经营的必要措施，有助于公司整体业务发展，有利于维护公司及全体股东利益。
• 截至公告日，所有担保均未出现逾期或对外担保风险，公司未对控股股东、实际控制人及其关联方提供担保。
• 本次部分担保对象的资产负债率已超过70%，公司提示存在一定风险。
• 担保总额占公司净资产比例为26.16%，虽未突破50%红线，但体量较大，投资者需持续关注担保对象经营及偿债能力变化。

投资者需关注的敏感信息及潜在影响

• 本次担保金额巨大，占比公司净资产较高，若被担保子公司发生违约，将对上市公司资金状况和盈利能力产生重大影响。
• 被担保子公司财务健康程度直接影响上市公司风险敞口，建议投资者关注相关子公司经营和偿债情况变化。
• 若未来出现行业景气度下行或子公司经营恶化，浙江龙盛需承担较大保证责任，或将对公司股价造成波动。
• 此次大额担保反映出公司对下属子公司业务发展的高度支持，也体现了公司整体资金实力。

结论

浙江龙盛本次大额对内担保事项，反映出公司对化工板块业务的持续投入与支持，同时也提高了公司整体财务风险敞口。投资者需高度关注下属子公司未来的经营表现及行业环境变化。若相关子公司能持续盈利，本次担保有望促进集团业务扩张，反之则需警惕潜在风险对公司业绩和股价带来的压力。

免责声明

本文仅为信息披露解读，不构成任何投资建议。股市有风险，投资需谨慎。请投资者根据自身情况审慎决策。

Zhejiang Longsheng Group Announces Major Guarantees for Subsidiaries, Totaling Over RMB 4.47 Billion

Key Highlights

• Zhejiang Longsheng Group Co., Ltd. (Stock Code: 600352) announced that it will provide joint and several liability guarantees totaling RMB 4.479 billion for its seven wholly-owned subsidiaries.
• The guarantees involve major banks including Bank of China, China CITIC Bank, and Ping An Bank, covering subsidiaries such as Zhejiang Dyestuff Chemical, Zhejiang Hongsheng, Zhejiang Anno, Shaoxing Jinguan, Zhejiang Desida, Zhejiang Keyong, and Hangzhou Longshan.
• As of the announcement date, the company and its subsidiaries’ total external guarantee balance has reached RMB 8.969 billion, accounting for 26.16% of the audited net assets attributable to the parent company as of the end of 2024.
• Some subsidiaries being guaranteed have an asset-liability ratio exceeding 70%, indicating certain financial risks.
• All guarantees are for subsidiaries; there are no guarantees for controlling shareholders, actual controllers, or their related parties.
• There are currently no overdue guarantees for the company or its subsidiaries.

Details

Guarantee Recipients and Amounts

The company will provide joint and several liability guarantees to the following wholly-owned subsidiaries:

Key Terms of Guarantee Agreements

• Guarantee Type: All are joint and several liability guarantees, meaning the parent company is fully liable for the subsidiaries’ eligible bank debts.
• Guarantee Period: Three years from the due date of each guaranteed debt.
• Principal Amounts: Vary per contract, ranging from RMB 80 million to RMB 1.37 billion per subsidiary.
• Coverage: Includes principal, interest, compound interest, penalties, damages, and all costs of debt enforcement.
• No counter-guarantees are provided for any of these guarantees.

Operating and Financial Status of Subsidiaries

All guaranteed entities are wholly-owned subsidiaries, covering dyes, chemicals, trade, etc. Some have shown profit volatility; for instance, Zhejiang Dyestuff Chemical posted a net loss of RMB 276.76 million in 2024 but returned to profitability in the first nine months of 2025. Several subsidiaries, such as Zhejiang Keyong and Zhejiang Anno, have asset-liability ratios above 70%, indicating high financial leverage and risk.

Board Opinion and Risk Disclosure

• The board believes the guarantees are necessary for supporting daily operations of subsidiaries and beneficial to the parent company’s overall business.
• All guarantees are within previously approved limits and do not require further board or shareholder meetings.
• There are no current overdue guarantees, and the company does not guarantee for controlling shareholders or related parties.
• Some subsidiaries’ high asset-liability ratios are flagged as risk points.
• The guarantee amount is significant relative to net assets (26.16%), and investors should monitor the financial health of the guaranteed subsidiaries closely.

Price-Sensitive and Investor-Relevant Information

• The substantial guarantee amount, relative to company net assets, means any default by subsidiaries could materially impact the parent company’s financials and earnings.
• Financial health of the guaranteed subsidiaries directly affects the company’s risk exposure—any operational or sector downturn could pressure the company’s stock price.
• This move underscores the company’s commitment to its chemical business development but also increases financial risk exposure.

Conclusion

This round of large-scale guarantees by Zhejiang Longsheng reflects the company’s ongoing investment in its chemical business but also notably increases its risk profile. Investors should closely monitor the operational performance and financial trends of the guaranteed subsidiaries. Sustained profitability in these entities would support the group’s expansion; otherwise, defaults could put downward pressure on the company’s results and share price.

Disclaimer

This article is for information disclosure interpretation only and does not constitute investment advice. The stock market carries risk; please make investment decisions prudently based on your individual circumstances.