Securities code: 002851 securities abbreviation: Shenzhen Megmeet Electrical Co.Ltd(002851) Announcement No.: 2022-013 Shenzhen Megmeet Electrical Co.Ltd(002851)
Announcement on the company and its subsidiaries applying for bank credit and providing guarantee
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. Special tips:
As of the date of this announcement, Shenzhen Megmeet Electrical Co.Ltd(002851) the balance of guarantee provided by Hangzhou Qianjing Technology Co., Ltd., a subsidiary with an asset liability ratio of more than 70%, was 10 million yuan, accounting for 0.32% of the company's latest audited net assets. Investors are reminded to pay attention to the guarantee risk.
1、 Overview of applying for bank credit and guarantee
Shenzhen Megmeet Electrical Co.Ltd(002851) (hereinafter referred to as "the company") held the 13th meeting of the Fourth Board of directors on February 21, 2022, and deliberated and adopted the proposal on the application of bank credit and guarantee by the company and its subsidiaries. In order to meet the needs of the company's production and operation, the board of directors of the company agreed that the company and its wholly-owned and holding subsidiaries apply for comprehensive credit line from relevant banks, At the same time, the company provides guarantee for the wholly-owned subsidiary Shenzhen Shenzhen Megmeet Electrical Co.Ltd(002851) Drive Technology Co., Ltd. (hereinafter referred to as "Shenzhen drive") and the holding subsidiary Hangzhou Qianjing Technology Co., Ltd. (hereinafter referred to as "Hangzhou Qianjing") to apply for comprehensive credit line from relevant banks. The specific conditions are as follows:
1. The company applies to China China Minsheng Banking Corp.Ltd(600016) Shenzhen Branch for a maximum comprehensive credit line of no more than 300 million yuan, the validity period of the credit line is no more than 1 year, and the guarantee method is credit guarantee.
2. The company applies to Citibank (China) Co., Ltd. Shenzhen Branch for a maximum comprehensive credit line of no more than US $30 million, the validity period of the credit line is no more than 1 year, and the guarantee method is credit guarantee.
3. Shenzhen drive applies to China China Minsheng Banking Corp.Ltd(600016) Shenzhen Branch for a maximum comprehensive credit line of no more than RMB 100 million, and the validity period of the credit line is no more than one year. The guarantee method is that the company provides credit guarantee to China China Minsheng Banking Corp.Ltd(600016) Shenzhen Branch.
4. Hangzhou Qianjing applied to China China Minsheng Banking Corp.Ltd(600016) Shenzhen Branch for a maximum comprehensive credit line of no more than 30 million yuan, and the validity period of the credit line shall not exceed 1 year. The guarantee method is that the company provides credit guarantee to China China Minsheng Banking Corp.Ltd(600016) Shenzhen Branch.
The credit line and credit term applied above shall be subject to the credit line and credit term actually approved by the bank. The purpose of bank credit includes but is not limited to working capital loans, bank acceptance bills, foreign exchange hedging derivatives (including spot and forward foreign exchange settlement and sales), etc. the specific financing amount will be determined according to the actual needs of the company's working capital The actual financing amount of Shenzhen drive and Hangzhou Qianjing shall prevail.
The board of directors authorizes Mr. Tong Yongsheng, chairman and general manager of the company, to handle relevant procedures and sign relevant contracts and documents on behalf of the company within the above credit line.
The company held the 10th meeting of the 4th board of directors and the 2020 annual general meeting of shareholders on April 26, 2021 and May 19, 2021 respectively. The meeting deliberated and adopted the proposal on the company's provision of guarantee for wholly-owned and holding subsidiaries in 2021. The company plans to provide joint and several liability guarantee for the comprehensive credit extension of the company's wholly-owned and holding subsidiaries in the bank. The total amount of guarantee is expected to be no more than RMB 1.12 billion, including no more than RMB 820 million for subsidiaries with asset liability ratio less than 70% and no more than RMB 300 million for subsidiaries with asset liability ratio more than 70%. The aforesaid guarantee amount and authorization period shall be from the date of adoption of the 2020 annual general meeting of shareholders to the date of holding the 2021 annual general meeting of shareholders. As of the date of this announcement, within the approval period of the 2020 general meeting of shareholders, the amount of guarantee provided by the company for subsidiaries with asset liability ratio lower than 70% is 520 million yuan, and the amount of guarantee provided for subsidiaries with asset liability ratio higher than 70% is 110 million yuan, which is still within the scope of the above guarantee amount. This guarantee does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
1、 Shenzhen Megmeet Electrical Co.Ltd(002851)
(1) Date of establishment: July 29, 2003
(2) Legal representative: Tong Yongsheng
(3) Registered capital: 49756934300 yuan
(4) Registered address: A, 5 / F, Tsinghua Ziguang science and Technology Park, No. 13, Langshan Road, North District, high tech Zone, Nanshan District, Shenzhen; B; C501-C503; D; E
(5) Business scope: research, development, design, production and sales (production is operated by branches) of power electronic products, electrical products, mechatronics equipment, household appliances and their parts, including household appliance power supply, industrial and communication power supply, energy-saving lamps and high-frequency ballasts, portable equipment power supply, medical equipment power supply Motors, variable frequency drives, programmable logic controllers, touch screens, industrial automation software, intelligent power electronic modules, and provide necessary engineering services, technical consulting services, after-sales maintenance services, battery procurement and supporting sales services for the operation of the above products and businesses; Operate the procurement, retail (without shops), wholesale, import and export of the above products and systems. (except for projects prohibited by laws, administrative regulations and decisions of the State Council, restricted projects can be operated only after obtaining permission).
(6) Financial data of the latest year and period:
(unit: RMB 10000)
Project September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 561398.61 520636.13
Total liabilities 250479.49 211216.29
Net assets 310919.12 309419.84
Project January September 2021 (Unaudited) year 2020 (audited)
Operating income 292179.00 337644.27
Total profit 33651.25 43118.17
Net profit 32158.08 40346.07
As of September 30, 2021, the asset liability ratio of the company was 44.62%.
2. Shenzhen Shenzhen Megmeet Electrical Co.Ltd(002851) Drive Technology Co., Ltd
(1) Date of establishment: December 21, 2007
(2) Legal representative: Tong Yongsheng
(3) Registered capital: 10 million yuan
(4) Registered address: c505, c507, c509, c511, C512, c514 and C516, floor 5, Tsinghua Ziguang Science Park, No. 13, Langshan Road, North District, high tech Zone, Nanshan District, Shenzhen
(5) Business scope: R & D, sales and services of hardware and software products related to motor and electrical control technology (excluding pre license items).
(6) Shareholding ratio of the company: 100%
(7) Financial data of the latest year and period:
(unit: RMB 10000)
Project September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 58013.18 58847.03
Total liabilities 13609.31 18572.58
Net assets
Project January September 2021 (Unaudited) year 2020 (audited)
Operating income 41236.08 52432.79
Total profit 4058.42 8101.41
Net profit 4129.42 7655.33
As of September 30, 2021, the asset liability ratio driven by Shenzhen was 23.46%.
3. Hangzhou Qianjing Technology Co., Ltd
(1) Date of establishment: May 18, 2015
(2) Legal representative: Lin Xiaoge
(3) Registered capital: 33557045 yuan
(4) Registered address: floor 1 and floor 2, building 3, bochaocheng, No. 599, Dongwei Road, Hezhuang street, Qiantang new area, Hangzhou, Zhejiang
(5) Business scope: Production: servo motor and motor control cabinet (set up separately in the production site); Technical development, technical service, technical consultation, maintenance and sales of servo motor submersible screw pump, electric submersible pump, numerical control reciprocating electric submersible pump, oil drilling and production equipment, general mechanical products, oil drilling and production accessories and tools, computer software and hardware, industrial automation control equipment, electromechanical equipment, pressure pipeline and its accessories, oil steel pipe; Technical services for oil exploitation; Wholesale and retail: industrial automation control equipment, electromechanical equipment; Own equipment leasing; Import and export of goods and technologies (except for projects prohibited by laws and administrative regulations, and projects restricted by laws and administrative regulations can be operated only after obtaining permission). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(6) Shareholding ratio of the company: 58.79%
(7) Financial data of the latest year and period:
(unit: RMB 10000)
Project September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 8477.83 6467.69
Total liabilities 6154.36 4451.62
Net assets 2323.47 July 2016
Project January September 2021 (Unaudited) year 2020 (audited)
Operating income 4347.11 5456.39
Total profit 306.13 350.89
Net profit 307.40 383.89
As of September 30, 2021, the asset liability ratio of Hangzhou Qianjing was 72.59%.
3、 Main contents of the guarantee agreement
This guarantee is the authorization of the company's proposed guarantee, and the relevant guarantee agreement has not been signed. The main contents of the guarantee agreement will be jointly negotiated and determined by the company and its wholly-owned subsidiary Shenzhen drive and its holding subsidiary Hangzhou Qianjing and the bank. The final total amount of actual guarantee will not exceed the guarantee amount granted this time.
4、 Opinions of the board of directors
On February 21, 2022, the company held the 13th meeting of the 4th board of directors to consider and approve the proposal on the application for bank credit and guarantee by the company and its subsidiaries. In order to meet the needs of the company's production and operation, the board of directors of the company agreed that the company and its wholly-owned and holding subsidiaries would apply for comprehensive credit lines from relevant banks, and the company would provide comprehensive credit lines to its wholly-owned subsidiaries in Shenzhen Hangzhou Qianjing, a holding subsidiary, provides guarantee for the application for comprehensive credit line from relevant banks.
The company has good credit and operation status and strong ability to repay debts. The company and its wholly-owned and holding subsidiaries apply for comprehensive credit lines from relevant banks and
