Securities code: 002270 securities abbreviation: Huaming Power Equipment Co.Ltd(002270) Announcement No.: [2022] No. 004 Huaming Power Equipment Co.Ltd(002270)
Progress announcement on providing guarantee for subordinate wholly-owned and holding companies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee matters
(I) overview of guarantee
Huaming Power Equipment Co.Ltd(002270) (hereinafter referred to as "the company") intends to provide a joint and several liability guarantee of RMB 120 million for the wholly-owned subsidiary Shanghai Huaming Power Equipment Manufacturing Co., Ltd. (hereinafter referred to as "Shanghai Huaming").
On February 15, 2022, the company and China Everbright Bank Company Limited Co.Ltd(601818) Shanghai Branch (hereinafter referred to as " China Everbright Bank Company Limited Co.Ltd(601818) ") signed the maximum guarantee contract for Shanghai Huaming to handle comprehensive credit business.
(II) consideration of guarantee
The company held the 16th meeting of the 5th board of directors and the 2020 annual general meeting of shareholders on March 31, 2021 and April 21, 2021 respectively, and deliberated and adopted the proposal on applying for bank comprehensive credit guarantee. For details, see the announcement on the resolution of the 16th meeting of the 5th board of directors (Announcement No. [2021] 019), announcement on applying for bank comprehensive credit line to provide guarantee (Announcement No. [2021] 027) and announcement on the resolution of 2020 annual general meeting of shareholders (Announcement No. [2021] 041) disclosed by the company on cninfo.com.
According to the above resolutions of the general meeting of shareholders, the company provides a guarantee with a total amount of no more than 80 million yuan to Shanghai Huaming, and the guarantee is valid from the date of deliberation and approval of the company's 2020 annual general meeting of shareholders to the date of holding the 2021 annual general meeting of shareholders. The guarantee provided by the company for Shanghai Huaming is within the authorized amount of 80 million yuan.
2、 Basic information of the guaranteed
1. Company name: Shanghai Huaming Power Equipment Manufacturing Co., Ltd
Date of establishment: April 3, 1995
Registered capital: RMB 39.11225 million
Legal representative: Xiao Yi
Place of registration: No. 977, Tongpu Road, Putuo District, Shanghai
Main business: power equipment (except special) (production, sales and consultation); Engaged in the import and export of goods and technology. [for projects subject to approval according to law, business activities can be carried out only with the approval of relevant departments] Shanghai Huaming is a 100% owned wholly-owned subsidiary of the company, and its main financial data for the latest year and period are as follows:
Unit: Yuan
Project December 31, 2020 December 31, 2019 (audited) (audited)
Total assets 2766460172.23 2428226206.71
Total liabilities 796592778.65 601807019.22
Including: total bank loans 198466855.55 281344711.12
Total current liabilities 621048379.35 439726866.13
Net assets 1969867393.58 1826419187.49
Asset liability ratio 28.79% 24.78%
Project 2020 2019
(audited) (audited)
Operating income 984905416.92 922963027.22
Total profit 196572267.04 244515570.21
Net profit 170003968.67 209281413.18
Total amount involved in contingencies (including guarantee, none)
Mortgage, litigation and arbitration matters)
Shanghai Huaming is not a dishonest person.
3、 Main contents of the guarantee agreement
On February 15, 2022, the company and China Everbright Bank Company Limited Co.Ltd(601818) signed the maximum guarantee contract for the comprehensive credit business of Shanghai Huaming to provide joint and several liability guarantee for the above comprehensive credit agreement. The main contents of the agreement are as follows:
Guarantor (borrower): Shanghai Huaming Power Equipment Manufacturing Co., Ltd
Guarantee method: joint and several liability guarantee
Guarantee period: three years from the date of expiration of the debt performance period. If the debt matures ahead of schedule due to events specified in laws or specific credit business contracts or agreements, it is three years from the date of early maturity of the debt. Guaranteed principal creditor's rights: RMB 120 million only
The above external guarantee items and amounts are in line with the company's announcement on applying for bank comprehensive credit line to provide guarantee.
4、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, including this guarantee, the company and its wholly-owned and holding subsidiaries have no external guarantee. The total amount of guarantee of the company and its wholly-owned and holding subsidiaries is 1066 million yuan, and the guarantee balance of the company to its wholly-owned and holding subsidiaries is 682.3668 million yuan, accounting for 26.08% of the audited net assets of the company in 2020. The company has no overdue external guarantee, no external guarantee involving litigation, and no loss due to the judgment of losing the guarantee.
5、 Documents for future reference
1. Maximum guarantee contract between the company and China Everbright Bank Company Limited Co.Ltd(601818)
It is hereby announced.
Huaming Power Equipment Co.Ltd(002270) board of directors February 16, 2022
