中油工程（600339）2026年3月担保发生情况公告详解

一、公告要点概览

• 担保金额：2026年3月，中油工程及子公司新增担保1笔，金额为人民币324.78万元。
• 被担保人：青岛华油工程建设监理有限公司（中油工程全资子公司）。
• 担保类型：银行授信担保。
• 累计担保余额：截至2026年3月31日，公司及子公司担保余额约为421.88亿元，占最新经审计净资产的157.54%。
• 担保事项决策：所有担保事项均在股东会2026年度担保预计额度内，且已按程序完成审批。
• 逾期情况：无逾期担保记录。

二、对股东及投资者的重要提示

• 高担保比例风险：公司对外担保总额（含本次）已超过最近一期经审计净资产的50%和100%，且对合并报表外单位担保总额也达到或超过净资产的30%。此类高担保比例对公司整体风险水平有显著影响，属于高度风险事项，可能对公司股价有较大影响，投资者需高度关注。
• 担保对象为全资子公司：本次担保对象为青岛华油工程建设监理有限公司，由中石油（北京）项目管理有限公司100%持股，资产状况良好，2025年末净资产4145.34万元，2025年度净利润514.14万元。
• 担保额度授权及管理：2026年公司年度担保预计额度为469.45亿元，涉及子公司银行授信及母公司项目担保，董事长和董事会根据实际情况分别授权审批。

三、详细内容解读

1. 担保情况概述

2026年3月，中油工程为全资子公司青岛华油工程建设监理有限公司提供一笔银行授信担保，担保金额为324.78万元。此次担保已在2025年12月股东会通过的年度担保计划额度内，符合公司内部决策流程。

2. 内部决策流程与授权

公司于2025年12月12日和12月30日分别召开董事会及股东会，审议通过了2026年度担保预计情况，授权董事长和董事会在年度额度范围内审批相关担保事项。具体包括为资产负债率高于70%的子公司提供276.81亿元担保，为资产负债率低于70%的子公司提供192.64亿元担保，以及新增银行授信担保额度3.07亿元、母公司项目担保466.38亿元。

3. 被担保人基本情况与财务数据

青岛华油工程建设监理有限公司为中油工程全资子公司，主要财务数据如下（截至2025年12月31日，已审计）：

• 资产总额：4952.42万元
• 负债总额：807.08万元
• 净资产：4145.34万元
• 营业收入：10122.42万元
• 净利润：514.14万元

与2024年度相比，公司资产负债结构持续优化，净资产和营业收入均保持较高水平。

4. 本次担保主要内容

本次担保为银行授信业务，担保方式为连带责任保证，金额为人民币324.78万元，担保期限以实际业务生效日和到期日为准。此次担保无反担保，不存在逾期情况。

5. 累计担保及风险提示

截至2026年3月31日，中油工程及子公司担保余额达到421.88亿元，占公司2025年末经审计净资产的157.54%，远超50%和100%的警戒线，属于高风险区域。尽管公司无逾期担保，但高担保比例对公司偿债能力和风险承受能力提出更高要求，投资者需充分关注担保风险。

四、潜在影响与投资者关注重点

• 公司担保总额占净资产比例大幅上升，显示出公司为子公司发展和市场开拓提供了大力支持，能提升整体工程承揽竞争力。
• 但如此高的担保规模将显著提升公司整体风险水平，若被担保子公司发生经营波动，母公司将面临较大连带责任压力。
• 投资者需重点关注公司未来担保规模及其管理措施，持续跟踪担保风险发展。

五、结论

本次公告体现了中油工程持续提升子公司市场竞争力的战略，但大额担保和高担保比例或引发市场对公司风险管理能力的关注。此类信息高度敏感，可能影响公司股价，建议投资者密切关注公司后续担保发展与风险管控情况。

免责声明：本文仅为信息解读，不构成任何投资建议。投资者应根据自身风险承受能力，结合公司公告及相关财报信息，做出独立投资决策。

PetroChina Engineering (600339): Detailed Disclosure of Guarantee Activities in March 2026

Key Highlights

• Guarantee Amount: In March 2026, PetroChina Engineering and its subsidiaries provided one new guarantee worth RMB 3.2478 million.
• Guaranteed Entity: Qingdao Huayou Engineering Construction Supervision Co., Ltd. (a wholly-owned subsidiary).
• Type of Guarantee: Bank credit guarantee.
• Total Guarantee Balance: As of March 31, 2026, the company and its subsidiaries’ guarantee balance was approximately RMB 42.188 billion, accounting for 157.54% of the latest audited net assets.
• Approval Process: All guarantees were within the annual guarantee limit approved by the shareholders’ meeting and have completed internal approval procedures.
• Overdue Guarantees: No overdue guarantees reported.

Important Information for Shareholders & Investors

• High Guarantee Risk: Total guarantees (including this one) have exceeded both 50% and 100% of the audited net assets, and off-consolidation guarantees also exceeded 30%. Such high levels of guarantee materially increase risk and may affect share value. Investors should take note.
• Guaranteed Entity’s Financial Status: The guaranteed party is a wholly-owned subsidiary with solid financials: net assets of RMB 41.4534 million and net profit of RMB 5.1414 million as of 2025 year-end.
• Approval & Authorization: The 2026 guarantee quota is RMB 46.945 billion, with detailed allocations and approval authority given to the Chairman and Board as appropriate.

Detailed Analysis

1. Guarantee Overview

In March 2026, PetroChina Engineering provided a bank credit guarantee of RMB 3.2478 million for its wholly-owned subsidiary within the approved limit.

2. Approval Process & Authorization

The Board and Shareholders’ Meeting approved the annual guarantee plan in December 2025, authorizing the Chairman and Board to handle guarantees within set quotas. The plan includes guarantees for subsidiaries with asset-liability ratios above and below 70%, as well as specific quotas for bank credit and project guarantees.

3. Guaranteed Entity & Financial Data

Qingdao Huayou Engineering Construction Supervision Co., Ltd. is wholly owned by PetroChina Engineering. As of December 31, 2025 (audited):

• Total assets: RMB 49.5242 million
• Total liabilities: RMB 8.0708 million
• Net assets: RMB 41.4534 million
• Operating income: RMB 101.2242 million
• Net profit: RMB 5.1414 million

4. Guarantee Terms

The guarantee is a joint liability bank credit guarantee for RMB 3.2478 million. The effective and expiry dates are tied to the actual business contract. There is no counter-guarantee, and no overdue status.

5. Cumulative Guarantee & Risk Warning

As of March 31, 2026, total guarantee balance reached RMB 42.188 billion, representing 157.54% of the company’s net assets—a high-risk level. Though there are no overdue guarantees, the scale of guarantees warrants close investor attention due to potential risk exposure.

Potential Impact & Investor Focus

• The significant increase in guarantee balance supports subsidiary growth and market competitiveness.
• However, the high guarantee ratio places the company under substantial risk if guaranteed subsidiaries experience financial distress.
• Investors should monitor the company’s guarantee management and any developments in guarantee risk.

Conclusion

The report highlights PetroChina Engineering’s strong support for subsidiary development, but also signals elevated risk from high guarantee ratios. This is a price-sensitive matter and may affect share price. Investors are advised to follow subsequent developments closely.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should make independent decisions based on their own risk tolerance, official company disclosures, and financial reports.

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