鑫科材料为控股子公司提供重大担保，担保总额远超净资产

一、公告要点回顾

• 安徽鑫科新材料股份有限公司（证券代码：600255，简称“鑫科材料”）发布《关于为控股子公司提供担保的公告》，披露为控股子公司安徽鑫科铜业有限公司（“鑫科铜业”）提供人民币2,400万元的连带责任保证担保。
• 截至公告日，鑫科材料及其控股子公司对外担保总额高达230,425万元，占公司最近一期经审计净资产的161.06%。本次担保及累计担保总额显著超过公司净资产，属于高度风险提示事项。
• 本次担保无反担保安排。控股子公司其他股东未提供担保。
• 担保合同与中信银行芜湖分行签署，担保期限三年，保证范围涵盖主债权、利息、罚息、复利、违约金、损害赔偿金及为实现债权的各项费用。

二、具体担保情况

• 担保对象为鑫科铜业，公司持股80%，其余股东为广西崇左市城市工业投资发展集团有限公司（10%）及广西扶绥同正投融资集团有限公司（10%）。
• 鑫科铜业基本情况：注册资本4.5亿元，主要经营铜基合金材料、金属基复合材料等新材料的开发、生产和销售。2024年经审计资产总额为351,925.80万元，负债总额210,285.08万元，资产净额141,640.72万元，营业收入389,370.07万元，净利润6,139.04万元。
• 本次担保为最高额连带责任保证，最高债权额2,400万元，担保期限三年。
• 此前与中信银行芜湖分行签署的旧担保合同自动解除。

三、董事会及决策程序

• 本担保事项已于2025年3月28日董事会与2024年年度股东大会审议通过，公司及控股子公司可在人民币30亿元（300,000万元）额度范围内向金融机构融资提供担保，担保期限三年。

四、风险提示及影响分析

• 公司及控股子公司累计对外担保总额为230,425万元，占2024年度经审计归属于母公司所有者净资产的161.06%。担保额度上限为209.69%，远超50%与100%的风险警示线，属于高度风险事项。
• 公司表示此次担保是为子公司业务发展及生产经营需要，能有效管理子公司经营，担保风险可控，不会对公司正常经营和业务发展造成不利影响。
• 公司及控股子公司截至公告日无逾期担保事项。

五、潜在影响与投资者需关注事项

• 担保总额远超净资产：公司及控股子公司对外担保比例高，显著超过净资产100%警示线，表明公司财务风险水平提升，可能影响公司信用评级、融资能力及股价波动。
• 担保无反担保：本次担保无反担保措施，若被担保方无法履约，风险将由上市公司直接承担。
• 业务发展与资金需求：担保用于支持控股子公司业务发展和生产经营，但需警惕未来偿债能力及现金流状况变化。

六、结论

本公告显示，鑫科材料为控股子公司提供巨额担保，累计担保总额远超净资产。此举虽为支持子公司业务发展，但提升了公司整体财务风险，对投资者和股价具有潜在重大影响。建议投资者高度关注公司后续财务状况、担保履约情况及相关风险防控措施。

免责声明：本文仅为信息披露和市场分析，不构成任何投资建议。投资者需结合自身风险偏好及市场情况，谨慎决策。公司公告内容如有变化，请以官方公告为准。

English Version

Xinke Materials Provides Major Guarantees for Subsidiary, Total Guarantee Far Exceeds Net Assets

1. Key Points of the Announcement

• Anhui Xinke New Materials Co., Ltd. (“Xinke Materials”, Stock Code: 600255) announced it will provide a joint liability guarantee of RMB 24 million for its controlling subsidiary Anhui Xinke Copper Co., Ltd. (“Xinke Copper”).
• As of the announcement date, Xinke Materials and its subsidiaries have a total external guarantee amounting to RMB 2.30425 billion, which is 161.06% of the company’s most recent audited net assets. This is a highly risky situation, as the total guarantee far exceeds net assets.
• This guarantee has no counter-guarantee arrangement. Other shareholders of Xinke Copper have not provided any guarantees.
• The guarantee contract is signed with China CITIC Bank Wuhu Branch, with a three-year term. The guarantee covers principal, interest, penalty interest, compound interest, damages, and all costs to realize creditor’s rights.

2. Detailed Guarantee Information

• Xinke Copper is 80% owned by Xinke Materials; other shareholders hold 10% each. Registered capital is RMB 450 million. Main business: copper alloy materials, metal matrix composites, special materials, etc. Audited 2024 assets: RMB 3.519 billion; liabilities: RMB 2.10285 billion; net assets: RMB 1.416 billion; revenue: RMB 3.8937 billion; net profit: RMB 61.39 million.
• This guarantee is a maximum joint liability guarantee, with a maximum creditor’s right of RMB 24 million and a three-year term.
• The previous guarantee contract with CITIC Bank is automatically terminated.

3. Board Approvals and Decision Process

• The guarantee was approved at the Board meeting on March 28, 2025 and the Annual Shareholders’ Meeting on April 29, 2025. The company may provide guarantees up to RMB 3 billion within three years for financing by the company and its subsidiaries.

4. Risk Warning and Impact Analysis

• The total external guarantee amount of RMB 2.30425 billion is 161.06% of audited net assets, far exceeding the 50% and 100% risk warning thresholds—this is a high-risk situation.
• The company claims the guarantee is necessary for subsidiary operations and that risks are controllable, with no overdue guarantees as of the announcement date.

5. Potential Impact & Investor Focus

• Total guarantee far exceeds net assets: This significantly increases financial risk and may affect credit ratings, financing ability and share price volatility.
• No counter-guarantee: The full risk falls on the listed company if the subsidiary defaults.
• Business growth vs. financial risk: The guarantee supports subsidiary business growth, but investors should monitor future debt repayment and cash flow.

6. Conclusion

The announcement reveals Xinke Materials is providing massive guarantees for its subsidiary, with cumulative guarantees far exceeding net assets. While supporting subsidiary business, this elevates financial risk and may have significant implications for investors and share price. Investors are strongly advised to monitor subsequent financial performance, guarantee execution and risk controls.

Disclaimer: This article is for information and market analysis only and does not constitute investment advice. Investors should consider their own risk preference and market conditions before making decisions. Please refer to official announcements for any updates.

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