Securities code: Sunny Loan Top Co.Ltd(600830) securities abbreviation: Sunny Loan Top Co.Ltd(600830) Announcement No.: temporary 2022016 Sunny Loan Top Co.Ltd(600830)
About Xiangyi leasing, a holding subsidiary
Announcement on providing guarantee for factoring financing and commercial loans in 2022
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
● guarantor: Sunny Loan Top Co.Ltd(600830) (hereinafter referred to as “the company”) and its holding subsidiaries
● guaranteed: Zhejiang Xiangyi Finance Leasing Co., Ltd. (hereinafter referred to as “Xiangyi leasing”)
● estimated guarantee amount in 2022: 2.5 billion yuan
● whether there is counter guarantee in this guarantee: none.
● overdue external guarantee amount: none.
1、 Overview of guarantee
(I) basic information
Financial leasing business is one of the main businesses of the company’s financial business. In 2021, the company actively used the factoring financing of lease receivables to increase the operating leverage. The new investment and expansion of leasing business is rapid, and the business sector is generally good; Under the condition of controllable risk, we further improved the business scale and gathered more high-quality customers. Up to now, the company has provided guarantee for the factoring financing of receivables of Xiangyi lease totaling 135195 million yuan.
(II) 2022 annual guarantee plan
As an important source of the company’s profits, the leasing business segment. In order to further promote the first strategy of financial leasing business determined in the strategic plan, the company and its holding subsidiaries plan to provide a guarantee amount of 2.5 billion yuan for Xiangyi leasing factoring financing and commercial loans in 2022.
The special guarantee plan needs to be reviewed and approved by the general meeting of shareholders of the company. After it is approved, the board of directors authorizes the general manager of the company to execute within the limit and sign relevant legal documents on behalf of the board of directors.
The guarantee plan shall take effect from the date when it is approved by the general meeting of shareholders to the next annual meeting of shareholders.
2、 Basic information of the guaranteed
(I) basic information
Zhejiang Xiangyi Financial Leasing Co., Ltd. is a holding subsidiary of the company, with a registered capital of 75 million yuan; Legal representative: Hu Qiuhua; Place of registration: Ningbo, Zhejiang Province; Business scope: financial leasing business: financial leasing; Concurrently engage in commercial factoring business related to the main business; Purchase of leased property from outside China; Disposal and maintenance of the residual value of the leased property; Leasing transaction consultation and guarantee. Mechanical equipment leasing, agricultural machinery leasing, transportation loading and unloading equipment leasing, power equipment leasing, construction machinery and equipment leasing, computer and communication equipment leasing, printing equipment leasing, car leasing, ship leasing, house leasing, mechanical equipment maintenance, leasing business consulting and socio-economic consulting services; Industrial project investment; Wholesale and retail of mechanical equipment, hardware and electricity, electronic products, daily necessities, office furniture, handicrafts, building materials and chemical products. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Shareholders: the shareholding ratio of the company is 51.43%, that of the wholly-owned subsidiary Sunny Loan Top Co.Ltd(600830) (Zhejiang) Investment Co., Ltd. is 17.86%, that of Zhejiang Xiangyi Holding Co., Ltd. is 12.50%, that of Yunnan hehe (Group) Co., Ltd. is 12.50%, and that of Ningbo Haishu Guangju Asset Management Co., Ltd. is 5.71%.
(II) main financial indicators
As of December 31, 2021, the total assets of the company were 1465162800 yuan, the net assets were 827678600 yuan, and the asset liability ratio was 43.51%. In 2021, the operating revenue was 1038092 million yuan and the net profit was 455746 million yuan. (audited)
On September 30, 2021, the company had total assets of 1465459100 yuan, net assets of 679588400 yuan and asset liability ratio of 53.63%. From January to September 2021, the operating income was 751344 million yuan and the net profit was 310447 million yuan. (Unaudited)
3、 Opinions of the board of directors
At the 5th meeting of the 10th board of directors held on March 9, 2022, the company deliberated and adopted the proposal on providing guarantee for factoring financing and commercial loans of Xiangyi lease in 2022: it agreed that the company and its holding subsidiaries should provide 2.5 billion yuan guarantee for factoring financing and commercial loans of Xiangyi lease in 2022.
The board of Directors believes that the above guarantee plan fully considers the needs of daily business development of the company’s holding subsidiaries, conforms to the company’s overall business planning, and is conducive to continuously promoting the implementation of the company’s strategy. The guaranteed is the holding subsidiary of the company, with good operation and financial condition. The company can effectively monitor and manage the daily operation of Xiangyi leasing, and the guarantee risk is generally controllable, without damaging the interests of the company’s shareholders, especially the minority shareholders.
4、 Accumulated external guarantee amount and overdue guarantee
As of the disclosure date of this announcement, the maximum amount of guarantee provided by the company for the guarantee business of Xiangyi guarantee project, the holding subsidiary, is RMB 4340 million, and the actual guarantee balance is RMB 3163833800; The company provided guarantee for the holding subsidiary Xiangyi leasing factoring financing and commercial loans of 135195 million yuan, and the actual guarantee balance was 779202 million yuan; The company provided guarantee for the external financing of its wholly-owned subsidiary, with a balance of 0 million yuan. The actual guarantee balance totaled 394303400 yuan, accounting for 187.85% of the company’s net assets of 2098983500 yuan audited by an accounting firm in 2021. There was no other guarantee or overdue guarantee. The above guarantees do not exceed the guarantee amount approved by the company’s first extraordinary general meeting of shareholders in 2021.
It is hereby announced.
Sunny Loan Top Co.Ltd(600830) board of directors March 10, 2022
