东睦股份为连云港富驰智造科技有限公司提供担保的详细解读

一、公告核心要点

• 东睦新材料集团股份有限公司（证券代码：600114，简称“东睦股份”）将为其孙公司连云港富驰智造科技有限公司（以下简称“连云港富驰”）向中国工商银行宁波江东支行申请的债务，提供最高额度为人民币5,000万元的连带责任保证担保。
• 截至公告日，东睦股份及其控股子公司累计对外担保余额为93,419万元，占公司最近一期经审计净资产的33.28%。
• 连云港富驰是上海富驰高科技股份有限公司的全资子公司，而东睦股份持有上海富驰64.25%的股权。
• 本次担保不在前期预计额度之外，且无反担保安排。
• 公司及控股子公司未对合并报表外单位提供担保，且无逾期担保。
• 担保协议的有效期为2026年4月16日至2029年4月16日，担保范围涵盖主债权本金、利息、贵金属租借等一系列费用。
• 董事会和股东会均已全票通过该担保事项，担保总额在年度综合授信额度内。

二、对投资者及股东的影响

• 担保规模大：公司对外担保余额已达93,419万元，占净资产比例较高（33.28%），投资者需关注公司财务风险的变化。
• 连云港富驰财务改善：2025年前三季度净利润达2,108.58万元，较2024年度净利润-324.72万元有明显改善，显示被担保公司经营状况有所提升。
• 无逾期担保及失信情况：公司及其控股子公司未发生逾期担保，连云港富驰也不属于失信被执行人，这对公司整体风险控制是正面信号。
• 担保无反担保：本次担保无反担保安排，意味着公司承担全部风险，投资者应关注后续借款进展及连云港富驰的还款能力。
• 合同细节严格：合同约定连带责任保证，担保范围涵盖主债权本金、利息、贵金属租借费、罚息、损害赔偿金、交易费、诉讼律师费等，担保责任较重，若被担保公司发生经营异常，公司或面临清偿压力。
• 董事会与股东会全票通过：担保事项已履行完全部决策流程，提供担保的最高额度为30,000万元，本次担保在授权额度内。
• 被担保公司经营范围广：连云港富驰主要涉及模具制造、粉末冶金制品、金属结构、增材制造、工业机器人等领域，业务多元。

三、详细披露内容

• 连云港富驰成立于2020年5月，注册资本15,000万元，注册地址为连云港经济技术开发区盐池西路6号，法定代表人郭灵光。
• 主要财务指标（单位：万元）：
  2025年9月30日：资产总额46,265.28、负债总额28,573.00、资产净额17,692.28、营业收入26,380.24、净利润2,108.58。
  2024年12月31日：资产总额42,391.03、负债总额26,848.05、资产净额15,542.98、营业收入20,281.01、净利润-324.72。
• 担保合同条款详细：
  
  • 担保期间：主合同项下借款期限届满/提前到期后3年。
  • 担保责任为连带责任，不论主债权是否有物的担保，东睦股份均需先行承担保证责任。
  • 合同对担保方（东睦股份）要求严格，包括及时提供财务资料、重大事项变动须书面通知银行等。
  • 违约处理：银行有权直接扣划东睦股份在工商银行的账户款项以清偿债务。
  • 合同生效、变更、解除条款明确，争议解决方式为甲方所在地法院诉讼。
• 担保必要性：公司认为本次担保属于合理经营行为，风险可控，不会对公司日常经营与业务发展产生重大不利影响。
• 累计担保情况：公司对控股子公司担保余额占净资产33.28%，年度总额312,000万元，连云港富驰综合授信最高额度30,000万元。

四、潜在股价影响及风险提示

• 担保规模较大，若连云港富驰后续偿债能力不足或出现经营风险，东睦股份可能需履行担保责任，直接影响公司现金流及财务状况，对股价可能造成冲击。
• 但目前连云港富驰经营状况改善，且公司无逾期担保、未为报表外单位担保，整体风险处于可控范围，短期内对股价影响有限。
• 投资者需持续关注连云港富驰及公司整体担保风险的变化。

五、公告原文及报备文件

• 公司已于2026年4月16日公告并报备《最高额保证合同》。
• 相关公告已在上海证券交易所网站披露，公告编号2025-019、2025-022、2025-035。

免责声明

本文章仅为投资者提供参考信息，不构成任何投资建议。投资者需结合自身风险偏好，关注公司经营和担保风险变化。本文内容来源于公司公告，若有更新，以公司及监管机构正式公告为准。

英文版本：

Detailed Analysis: Dongmu Shares Guarantees for Lianyungang Fuchi Manufacturing Technology Co., Ltd.

1. Key Points of the Announcement

• Dongmu New Materials Group Co., Ltd. (stock code: 600114, “Dongmu Shares”) will provide a joint liability guarantee of up to RMB 50 million for its subsidiary, Lianyungang Fuchi Manufacturing Technology Co., Ltd. (“Lianyungang Fuchi”), for debts with ICBC Ningbo Jiangdong Branch.
• As of the announcement date, Dongmu Shares and subsidiaries’ total external guarantee balance is RMB 934.19 million, accounting for 33.28% of the company’s latest audited net assets.
• Lianyungang Fuchi is a wholly-owned subsidiary of Shanghai Fuchi High-tech Co., Ltd., of which Dongmu Shares holds 64.25% equity.
• This guarantee is within the previously approved quota and has no counter-guarantee arrangement.
• The company and its subsidiaries have not provided guarantees for units outside consolidated statements, and there are no overdue guarantees.
• The guarantee contract is valid from April 16, 2026, to April 16, 2029, covering principal, interest, precious metal lease fees, and a range of related costs.
• The guarantee was unanimously approved by both the board of directors and shareholders’ meeting, and within the annual comprehensive credit quota.

2. Impact on Investors and Shareholders

• Large Guarantee Scale: The external guarantee balance is high (33.28% of net assets). Investors should monitor changes in the company’s financial risk.
• Lianyungang Fuchi’s Financial Improvement: Net profit for the first three quarters of 2025 was RMB 21.09 million, a significant improvement compared to 2024’s net loss of RMB -3.24 million.
• No Overdue Guarantee or Credit Default: Neither the company nor subsidiaries have overdue guarantees; Lianyungang Fuchi is not a defaulter, indicating positive risk control.
• No Counter-guarantee: Dongmu Shares bears full risk; investors should track subsequent loan developments and Lianyungang Fuchi’s repayment ability.
• Strict Contract Details: Joint liability guarantee covers principal, interest, precious metal lease fees, penalty interest, damages, transaction fees, litigation and lawyer fees, etc. If the guaranteed company has abnormal operations, Dongmu Shares may face repayment pressure.
• Board and Shareholders Unanimous Approval: The guarantee was fully authorized, with a maximum quota of RMB 300 million for Lianyungang Fuchi.
• Diversified Business Scope: Lianyungang Fuchi operates in mold manufacturing, powder metallurgy, metal structures, additive manufacturing, industrial robots, etc.

3. Detailed Disclosure

• Lianyungang Fuchi was established in May 2020, registered capital RMB 150 million, legal representative Guo Lingguang, location is Lianyungang Economic & Technological Development Zone.
• Key financials (unit: RMB 10,000):
  As of September 30, 2025: Total assets 462,652.8, total liabilities 285,730.0, net assets 176,922.8, revenue 263,802.4, net profit 21,085.8.
  As of December 31, 2024: Total assets 423,910.3, total liabilities 268,480.5, net assets 155,429.8, revenue 202,810.1, net profit -3,247.2.
• Guarantee contract details:
  
  • Guarantee period: 3 years after maturity/early maturity of the main contract.
  • Dongmu Shares must bear guarantee responsibility first, regardless of other collateral.
  • Strict requirements on the guarantor, including timely financial reporting and notification of major changes.
  • In case of default, ICBC can directly deduct funds from Dongmu Shares’ accounts to settle debts.
  • Clear clauses on contract effectiveness, modification, termination, and dispute resolution (ICBC local court).
• Guarantee necessity: The company considers this guarantee a reasonable business activity, risks are controllable, and it will not adversely affect its daily operation or shareholder interests.
• Cumulative guarantee: Dongmu Shares’ guarantee balance to subsidiaries is 33.28% of net assets, annual total quota RMB 3.12 billion, Lianyungang Fuchi’s maximum credit quota is RMB 300 million.

4. Potential Stock Price Impact & Risk Alert

• Large guarantees: If Lianyungang Fuchi has repayment problems, Dongmu Shares may need to honor the guarantee, affecting cash flow and financials, potentially impacting share price.
• Currently, Lianyungang Fuchi’s performance has improved, and the company has no overdue guarantees, so short-term impact is limited.
• Investors should continue to monitor guarantee risks and Lianyungang Fuchi’s financial status.

5. Announcement & Filing

• The company disclosed and filed the “Maximum Guarantee Contract” on April 16, 2026.
• Related announcements are published on the Shanghai Stock Exchange website (announcement numbers 2025-019, 2025-022, 2025-035).

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should assess their own risk tolerance and monitor changes in company operations and guarantee risks. Information is derived from company announcements; for updates, refer to official company and regulatory disclosures.

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