香江控股2026年度日常关联交易计划公告详细解读
香江控股发布2026年度日常关联交易计划，涉及金额4,200万元
一、公告要点概述
- 深圳香江控股股份有限公司（600162.SH，简称“香江控股”）披露了2026年度日常关联交易计划，预计涉及金额合计4,200万元。
- 本次关联交易事项尚需提交股东大会审议，相关关联股东将回避表决。
- 公司表示本次日常关联交易不会对关联方形成重大依赖，不存在损害公司及中小股东利益的情况。
二、审议程序与董事会意见
- 2026年4月10日，公司召开了独立董事专门会议，通过了相关议案，认为交易基于公司生产经营需要，定价公允合法，未损害中小股东利益。
- 同日召开的第十一届董事会第五次会议，非关联董事一致同意该议案，5位关联董事回避表决。
- 相关议案需提交股东大会审议，关联股东将回避。
三、前次关联交易执行及本年度计划详情
1. 前次执行情况
- 2025年度预计关联交易总金额为13,500万元，但实际发生金额仅为4,443.16万元，远低于预期，显示公司对关联方依赖度不高。
- 主要交易包括劳务、租赁、商品买卖及财务资助。
2. 2026年度关联交易类别与金额
| 类别 |
关联方 |
预计金额（万元） |
占同类业务比例 |
上年实际金额 |
| 向关联人提供劳务 |
香江集团及金海马 |
500 |
1.63% |
221.66 |
| 接受关联人提供劳务 |
香江集团及金海马 |
700 |
3.02% |
10.52 |
| 向关联人提供租赁 |
香江集团及金海马 |
900 |
1.32% |
537.61 |
| 接受关联人提供租赁 |
香江集团及金海马 |
1,200 |
3.50% |
790.73 |
| 向关联人购买商品 |
香江集团及金海马 |
400 |
1.70% |
45.23 |
| 向关联人出售商品 |
香江集团及金海马 |
500 |
2.08% |
0 |
| 接受财务资助 |
金海马 |
2,837.42 |
100.00% |
2,837.42 |
预计2026年度合计发生关联交易金额4,200万元，其中最大单项为接受财务资助2,837.42万元。
四、主要关联方介绍及财务状况
香江集团有限公司
- 实际控制人为刘志强（持股60%）和翟美卿（持股40%）。
- 截至2025年底，总资产154.41亿元，净资产95.08亿元，2025年营业收入39.86亿元，净利润2.54亿元（未审计）。
深圳市金海马实业股份有限公司
- 控股股东为香港利威国际集团（98.97%），由南方香江集团100%持股，实际控制人一致。
- 截至2025年底，总资产173.10亿元，净资产39.14亿元，2025年营业收入14.78亿元，净利润亏损2.45亿元（未审计）。
五、交易定价政策
- 所有关联交易参考市场价格，遵循公平公正原则，采用市场均价或成本加合理利润定价。
六、对公司经营及股东的影响
- 公司称交易有助于利用关联方资源，降低成本、提升市场占有率和业务稳定性，未损害中小股东权益。
- 未出现因关联交易导致公司对关联方依赖的情况。
- 本次计划尚需提交股东大会审议，具有不确定性，若未通过或金额变化，可能对公司经营和业绩有一定影响。
- 金海马2025年出现大额亏损，或引发投资者对其资信状况和对香江控股财务资助的可持续性关注，具有一定市场敏感性。
七、投资者需要重点关注的事项
- 本次关联交易计划金额较去年实际发生额有所下降，显示公司持续降低关联交易依赖。
- 交易需经股东大会批准，存在一定不确定性，建议投资者持续关注后续进展。
- 金海马大额亏损可能影响其对香江控股的财务支持能力，建议关注后续风险。
- 公告明确本次关联交易不会损害中小股东利益，且不会影响公司独立性。
八、结论
本次公告披露的2026年度日常关联交易计划，金额虽较大但结构透明，且公司强调未对关联方形成依赖，整体风险可控。但金海马巨额亏损及关联交易审批进展，仍是影响公司后续股价波动的重要因素，投资者需保持关注。
免责声明：本文内容仅供参考，不构成任何投资建议。投资者应充分考虑自身风险承受能力，谨慎决策。
English Version
Detailed Analysis of Xiangjiang Holdings’ 2026 Annual Related-Party Transactions Plan
Xiangjiang Holdings Announces RMB 42 Million in Related-Party Transactions for 2026
Key Highlights
- Shenzhen Xiangjiang Holdings Co., Ltd. (600162.SH, “Xiangjiang Holdings”) released its 2026 annual related-party transaction plan, expecting a total of RMB 42 million in transactions.
- The plan still requires shareholder approval, and related shareholders will abstain from voting.
- The company states that these transactions will not create significant dependence on related parties nor harm the interests of the company or minority shareholders.
Approval Process and Board Opinions
- On April 10, 2026, the company’s independent directors approved the proposal, confirming that the transactions are necessary for business, pricing is fair and legal, and minority shareholders are protected.
- The board meeting on the same day saw all non-related directors agree, with five related directors abstaining.
- The plan requires final approval at the shareholders’ meeting, with related parties abstaining from voting.
Previous and Current Related-Party Transactions Overview
1. Previous Execution Status
- In 2025, the company estimated RMB 135 million in related transactions but only RMB 44.43 million actually occurred, indicating low dependence on related parties.
- Main transactions involve services, leasing, goods trading, and financial support.
2. 2026 Transaction Categories & Amounts
| Category |
Related Party |
Planned Amount (RMB millions) |
Business Proportion |
2025 Actual (RMB millions) |
| Providing services |
Xiangjiang Group & Jinhaima |
5 |
1.63% |
2.22 |
| Receiving services |
Xiangjiang Group & Jinhaima |
7 |
3.02% |
0.11 |
| Providing leasing |
Xiangjiang Group & Jinhaima |
9 |
1.32% |
5.38 |
| Receiving leasing |
Xiangjiang Group & Jinhaima |
12 |
3.50% |
7.91 |
| Buying goods |
Xiangjiang Group & Jinhaima |
4 |
1.70% |
0.45 |
| Selling goods |
Xiangjiang Group & Jinhaima |
5 |
2.08% |
0 |
| Financial support received |
Jinhaima |
28.37 |
100.00% |
28.37 |
The total planned amount is RMB 42 million for 2026, with the largest item being financial support from Jinhaima (RMB 28.37 million).
Related Parties and Financial Overview
Xiangjiang Group Co., Ltd.
- Controlled by Liu Zhiqiang (60%) and Zhai Meiqing (40%).
- As of end-2025: total assets RMB 15.44 billion, net assets RMB 9.51 billion, 2025 revenue RMB 3.99 billion, net profit RMB 254 million (unaudited).
Shenzhen Jinhaima Industrial Co., Ltd.
- Controlled by Hong Kong Liwei International (98.97%), ultimately wholly owned by Xiangjiang’s controlling shareholder.
- As of end-2025: total assets RMB 17.31 billion, net assets RMB 3.91 billion, 2025 revenue RMB 1.48 billion, net loss RMB 245 million (unaudited).
Pricing Policy
- All transactions priced at fair market value, following arm’s length and fairness principles.
Business & Shareholder Impact
- The company claims these transactions help utilize related parties’ resources, reduce costs, and stabilize operations, without harming minority shareholders or affecting company independence.
- The plan’s approval is uncertain; rejection or changes could impact operations and financials.
- Jinhaima’s large loss may impact its capacity to provide financial support, raising investor concerns.
Key Investor Points
- Planned related-party transaction amount is lower than prior years, showing reduced reliance.
- Shareholder approval is needed—there is execution uncertainty.
- Jinhaima’s financial loss is significant and may affect future financial support.
- The plan claims not to harm minority shareholders’ interests or independence.
Conclusion
The 2026 related-party transaction plan is transparent, with reduced scale, and management stresses controllable risk. However, Jinhaima’s financial health and the need for shareholder approval are potential share-price moving factors. Investors should stay alert to further developments.
Disclaimer: This article is for information only and does not constitute investment advice. Investors should assess their own risk tolerance and make decisions cautiously.
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