海泰发展为全资子公司提供重大担保，资产负债率高引发关注

公告重点摘要

• 天津海泰科技发展股份有限公司（证券代码：600082，简称“海泰发展”）董事会于2026年3月26日发布公告，决定为全资子公司天津百竹科技产业发展有限公司（简称“百竹科技”）提供38,000万元（3.8亿元）连带责任保证担保。
• 担保对象百竹科技资产负债率超70%，公司特别提示风险。
• 截至公告日，海泰发展及控股子公司对外担保总额为45,000万元，占公司最近一期经审计净资产的25.34%，不存在逾期担保情况。
• 本次担保事项已在2025年度股东会审议通过的担保额度范围内，无需再次履行审议程序。
• 百竹科技拟向天津农村商业银行滨海分行申请3.8亿元固定资产贷款，用于蓝海科技园一期项目房产抵押。
• 百竹科技财务数据显示资产净额为负，2025年底为-363.45万元，2026年2月底为-390.02万元，资产负债率高。
• 担保方式为保证合同，担保范围包括主债权本金、利息、罚息、复利、手续费、违约金、损害赔偿金及实现债权的相关费用等。

详细内容与投资者关注点

担保事项详情

海泰发展此次为百竹科技向天津农村商业银行滨海分行申请的3.8亿元固定资产贷款提供连带责任保证担保。该贷款主要用于百竹科技开发建设并运营的蓝海科技园一期项目房产，并以其项目房产作为抵押物。公司将签署《保证合同》，担保金额为人民币38,000万元，担保期限为主债务履行期限届满或债权人宣布提前到期之日起三年。担保范围涵盖本金、利息、罚息、复利、手续费、违约金、损害赔偿金及实现债权的全部费用。

被担保子公司财务状况

百竹科技为海泰发展全资子公司，注册资本为62,936,739元，主要业务覆盖数字媒体、游戏动漫、生物晶片技术开发、房地产投资及开发等。其财务数据显示，截至2025年12月31日，资产总额为63,888.07万元，负债总额为64,251.52万元，资产净额为-363.45万元。2026年2月底资产净额进一步下降至-390.02万元。2025年度营业收入为359.05万元，净利润为-237.71万元，2026年1-2月营业收入为219万元，净利润为-26.56万元。上述数据均未经审计，显示其资产负债率高，盈利能力较弱，存在一定经营压力。

风险提示及影响

公司特别提示，本次担保对象资产负债率超过70%，存在一定担保风险。虽然百竹科技为全资子公司，公司对其资信状况表示“良好”，但实际财务指标显示其净资产为负，盈利状况不佳。公司认为担保风险可控，目前不存在损害公司及广大股东利益情形。

截至公告披露日，海泰发展及控股子公司对外担保总额为45,000万元，占公司最近一期经审计净资产的25.34%，均为对控股子公司担保，不存在逾期担保。公司2025年度担保预计额度为70,000万元，本次担保在授权范围内，无需重新审议。

可能影响股价的因素

• 大额担保、资产负债率高：公司为净资产为负且资产负债率高于70%的全资子公司提供巨额担保，若百竹科技无法履约，海泰发展将承担连带责任。这一财务风险对投资者具有高度关注价值。
• 与主营业务相关：担保用于蓝海科技园项目开发，若项目能顺利完成并带来收益，则对公司长期发展有利。但若项目无法顺利推进或盈利，担保风险将进一步放大。
• 未审计财务数据：百竹科技财务数据尚未经审计，真实资信状况尚需进一步核实。
• 担保总额占净资产比重较高：公司担保总额占净资产25.34%，未超过50%，但仍需关注整体风险敞口。

投资者须知及建议

投资者需要关注百竹科技的经营状况和蓝海科技园项目进展，尤其是其高负债率和盈利能力。若百竹科技出现违约，公司将承担连带责任，可能对公司业绩和股价造成影响。建议投资者密切关注后续公告和项目实施情况，并评估公司整体担保风险。

免责声明

本报道仅基于公司公告所披露信息，未对相关公司及项目进行实地核查。投资者需结合自身风险偏好，审慎决策。本文不构成投资建议，亦不对任何投资结果负责。

English Version

Haitai Development Provides Significant Guarantee for Wholly-Owned Subsidiary Amid High Debt Ratio

Key Highlights

• Tianjin Haitai Technology Development Co., Ltd. (stock code: 600082, “Haitai Development”) announced on March 26, 2026, that it will provide a joint liability guarantee of RMB 380 million (RMB 3.8 billion) for its wholly-owned subsidiary Tianjin Baizhu Technology Industrial Development Co., Ltd. (“Baizhu Technology”).
• The guarantee target, Baizhu Technology, has a debt-to-asset ratio exceeding 70%, with the company specifically highlighting this risk.
• As of the announcement date, Haitai Development and its subsidiaries’ total external guarantee amount is RMB 450 million, accounting for 25.34% of the company’s most recent audited net assets. No overdue guarantees exist.
• This guarantee falls within the previously approved limit by the 2025 shareholders’ meeting, so no further approval is required.
• Baizhu Technology is applying for a RMB 380 million fixed asset loan from Tianjin Rural Commercial Bank Binhai Branch, with Blue Ocean Technology Park Phase I project property as collateral.
• Baizhu Technology’s financials show negative net assets: -RMB 3.63 million at end-2025, -RMB 3.90 million at end-February 2026, and a high debt ratio.
• The guarantee covers principal, interest, penalty interest, compound interest, fees, penalty, damages, and all costs of enforcing the creditor’s rights.

Detailed Content & Investor Focus

Guarantee Details

Haitai Development provides a joint liability guarantee for Baizhu Technology’s RMB 380 million fixed asset loan from Tianjin Rural Commercial Bank Binhai Branch. The loan is mainly for developing and operating the Blue Ocean Technology Park Phase I, with the project property as collateral. The guarantee contract covers principal, interest, penalty interest, compound interest, fees, penalty, damages, and all enforcement costs, and lasts for three years from the debt maturity or early maturity declaration date.

Subsidiary Financial Status

Baizhu Technology is wholly owned by Haitai Development, with registered capital of RMB 62,936,739 and business spanning digital media, game animation, biochip tech, real estate investment and development. As of December 31, 2025, total assets were RMB 638.88 million, total liabilities RMB 642.52 million, net assets -RMB 3.63 million. By end-February 2026, net assets further declined to -RMB 3.90 million. 2025 revenue was RMB 3.59 million, net loss -RMB 2.38 million; Jan-Feb 2026 revenue was RMB 2.19 million, net loss -RMB 0.27 million. All figures are unaudited, indicating high debt ratio and weak profitability.

Risk Reminder & Impact

The company highlights that Baizhu Technology’s debt-to-asset ratio exceeds 70%, posing guarantee risk. Though the subsidiary is wholly owned, its actual financials show negative net assets and poor profitability. Haitai Development claims risk is controllable and asserts no harm to company or shareholders’ interests.

As of the announcement, Haitai’s total external guarantee is RMB 450 million, 25.34% of audited net assets, all for subsidiaries, with no overdue guarantees. The annual guarantee quota is RMB 700 million, and this guarantee is within authorized limits.

Potential Share Price Impact Factors

• Large Guarantee, High Debt Ratio: The company provides a substantial guarantee for a subsidiary with negative net assets and debt ratio over 70%. If Baizhu Technology defaults, Haitai Development faces joint liability, making this a significant financial risk for investors.
• Main Business Relevance: The guarantee supports Blue Ocean Technology Park’s development. If successful, it could benefit long-term growth; if not, risk exposure increases.
• Unaudited Financials: Baizhu Technology’s numbers are unaudited; actual creditworthiness needs further verification.
• Guarantee Ratio: Haitai’s guarantee accounts for 25.34% of net assets, below 50% but still worth monitoring.

Investor Notice & Advice

Investors should closely monitor Baizhu Technology’s operations and Blue Ocean Technology Park’s progress, especially given its high debt ratio and weak profits. Any default by Baizhu Technology would make Haitai Development liable, potentially impacting earnings and share price. Investors are advised to follow future announcements and assess overall guarantee risk.

Disclaimer

This report is based solely on the company’s public disclosures and does not involve independent investigation. Investors should make prudent decisions based on their risk tolerance. This article does not constitute investment advice and is not responsible for any investment outcomes.

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