一、公告要点与核心信息

• 担保金额：东望时代科技股份有限公司（600052）将为其参股公司跃动新能源科技（浙江）有限公司提供高达13,440万元的担保。此前已提供9,600万元担保，本次实际新增担保金额为3,840万元，全部担保额度不超过14,400万元。
• 反担保措施：跃动新能源已向东望时代提供在建工程、设备、动产浮动抵押及应收账款质押等多项反担保措施，担保风险整体可控。
• 关联交易：跃动新能源为东望时代关联方，因公司董事长吴凯军兼任关联企业董事长，且主要股东间存在交叉控制。
• 担保总额与风险：截至公告日，公司及控股子公司对外担保总额为56,540万元，占最近一期经审计净资产22.21%。对外担保逾期累计金额为28,100万元。公司为资产负债率超过70%的单位提供担保，存在一定风险提示。
• 财务状况：跃动新能源截至2025年末资产总额87,974.84万元，负债总额77,908.88万元，净资产10,065.97万元。2025年度净利润亏损9,417.01万元，营业收入为19,608.71万元，说明公司处于快速扩张但仍亏损阶段。
• 内部决策流程：担保事项已通过董事会及股东大会审议，关联董事回避表决，董事会认为担保不会对公司正常运营和业务发展造成不利影响。
• 合同细节：担保合同为连带责任保证，保证期间为主合同债务履行期届满后3年。反担保合同反担保额度最高为14,400万元，反担保责任期限至2033年12月25日。

二、对投资者可能影响的重点信息

• 影响公司现金流及财务健康：大额担保（占净资产22.21%），且部分对外担保已有逾期，显示公司承担的财务风险加大。
• 关联交易风险：关联方跃动新能源持续亏损且负债率高，东望时代需承担潜在风险，若被担保方违约，公司需履行连带责任。
• 反担保资产可控但存在瑕疵：反担保资产如在建工程及应收账款已抵押或质押给中信银行，东望时代担保权利存在部分受限。
• 公司治理透明：关联董事回避表决，重大事项经董事会及股东大会审议，信息披露及时。
• 短期股价影响：担保金额较大且被担保方亏损，投资者需关注未来担保风险，若跃动新能源资金链紧张或违约，东望时代需履行担保责任，可能影响公司盈利能力与股价表现。

三、详细公告内容梳理

1. 担保合同主要条款

• 担保方：浙江东望时代科技股份有限公司
• 债权人：中信银行股份有限公司金华东阳支行
• 主合同债务人：跃动新能源科技（浙江）有限公司
• 担保最高限额：13,440万元（本金及相关费用）
• 保证方式：连带责任保证
• 保证期间：主合同债务履行期届满后3年

2. 反担保合同主要条款

• 反担保资产：在建工程、设备、动产浮动抵押、应收账款质押（人民币4.5亿元），但部分资产已优先抵押/质押给中信银行，东望时代担保权利存在瑕疵。
• 反担保期限：至2033年12月25日
• 反担保方式：连带保证责任

3. 被担保人财务状况

• 跃动新能源2025年末资产总额87,974.84万元，负债77,908.88万元，净资产仅10,065.97万元。
• 2025年度净利润亏损9,417.01万元，显示公司尚处于亏损期。
• 资产负债率高，未来资金风险需关注。

4. 公司对外担保及逾期情况

• 对外担保总额56,540万元，占净资产22.21%
• 逾期担保累计金额28,100万元

5. 董事会意见

董事会认为此次担保不会对公司正常运营和业务发展造成不利影响，存在反担保资产，担保风险整体可控，不损害公司及股东特别是中小股东利益。

四、投资者关注与风险提示

• 大额担保涉及关联方且被担保方亏损，投资者需高度关注。
• 反担保资产部分已优先抵押/质押给银行，东望时代担保权利受限。
• 公司对外担保逾期金额较大，若被担保方违约，公司需履行担保责任，可能影响公司财务状况及股价。
• 建议投资者持续关注公司后续信息披露及跃动新能源经营状况。

五、结论

此次公告对东望时代股价可能构成影响。大额担保、关联交易、被担保方亏损及反担保资产权利受限均为潜在风险点，投资者需审慎评估。

免责声明

本分析仅为新闻解读及投资参考，不构成投资建议。投资者需结合自身风险偏好及专业判断，审慎决策。

English Version

Detailed Disclosure: Zhejiang Dongwang Era Provides Guarantee for Associated Company Leap New Energy

Key Points

• Zhejiang Dongwang Era Technology Co., Ltd. (600052) will provide up to RMB 134.4 million guarantee for its associate Leap New Energy Technology (Zhejiang) Co., Ltd. Actual new guarantee this time is RMB 38.4 million, total guarantee not exceeding RMB 144 million.
• Leap New Energy offers counter-guarantee assets: construction-in-progress, equipment, floating movable assets, and RMB 450 million of accounts receivable pledge. However, some assets are already pledged to the bank, Dongwang Era’s rights are restricted.
• Associated transaction: Leap New Energy is a related party. Chairman Wu Kaijun holds concurrent positions. Major shareholders have cross-control.
• Total external guarantee RMB 565.4 million (22.21% of net assets), with overdue guarantees totaling RMB 281 million. Guarantee for units with asset-liability ratio exceeding 70%, risk alert triggered.
• Leap New Energy’s financials: At end 2025, assets RMB 879.7 million, liabilities RMB 779.1 million, net assets RMB 100.7 million. Net loss RMB 94.2 million in 2025, revenue RMB 196 million. Company is expanding, but loss-making.
• Internal process: Guarantee has passed board and shareholder approval, related directors abstained. Board believes risk is controllable.
• Contract details: Guarantee is joint and several liability, period is 3 years post debt maturity. Counter-guarantee period to Dec 25, 2033.

Price-Sensitive Information for Investors

• Large guarantee amount affects cash flow and financial health. Overdue guarantees exist, increasing financial risk.
• Associated-party risk: Leap New Energy is loss-making and highly leveraged; Dongwang Era may face potential responsibility if default occurs.
• Counter-guarantee assets are partly pledged to the bank; company rights are limited.
• Corporate governance is transparent: related directors abstained, major matters approved and disclosed promptly.
• Potential share price impact: Large guarantee, loss-making associate, asset rights limitations, and overdue guarantees may affect profitability and share price.

Detailed Announcement Breakdown

• Guarantee contract: Guarantee amount RMB 134.4 million, joint liability; period 3 years after debt maturity.
• Counter-guarantee: Construction-in-progress, equipment, movable assets, accounts receivable (RMB 450 million) as collateral. Part already pledged to bank; Dongwang Era’s rights restricted.
• Leap New Energy financials: Net assets RMB 100.7 million, net loss RMB 94.2 million in 2025, high leverage.
• Total external guarantee RMB 565.4 million, overdue guarantee RMB 281 million.
• Board opinion: Guarantee will not adversely affect normal operations; risk is controllable.

Investor Focus and Risk

• Large guarantee for associated party, loss-making and highly leveraged. Investors should pay close attention.
• Counter-guarantee assets partly pledged, rights limited.
• Overdue guarantees are significant; potential for Dongwang Era to fulfill obligations if default occurs, impacting finances and share price.
• Recommend monitoring future disclosures and Leap New Energy’s operations closely.

Conclusion

This announcement is price-sensitive. Large guarantee, related-party risk, loss-making associate, and asset rights limitations are key risk points. Investors should assess prudently.

Disclaimer

This analysis is for news interpretation and reference only, not investment advice. Investors should make decisions based on their own risk preferences and professional judgment.

View 东望时代 Historical chart here