Securities code: Sunny Loan Top Co.Ltd(600830) securities abbreviation: Sunny Loan Top Co.Ltd(600830) Announcement No.: temporary 2022015 Sunny Loan Top Co.Ltd(600830)
Guarantee for Xiangyi, a holding subsidiary
Announcement on providing maximum guarantee for guarantee business 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 Financing Guarantee Co., Ltd. (hereinafter referred to as “Xiangyi guarantee”)
● estimated guarantee amount in 2022: the maximum amount is 6.3 billion yuan
● whether there is counter guarantee in this guarantee: none.
● overdue external guarantee amount: none.
1、 Overview of guarantee
(I) basic information
The only platform for the company to operate guarantee business is Xiangyi guarantee, and the types of guarantee business are non financing guarantee and financing guarantee. Non financing guarantee is mainly engineering guarantee business, and its products include engineering performance guarantee, bid guarantee, advance payment guarantee, etc. since the implementation of engineering guarantee business, it has maintained a good development trend, with low business risk and steady growth of business efficiency. The financing guarantee mainly focuses on Xiangyi loan guarantee business, which was newly expanded in September 2020. The customers are tobacco retail merchants in Zhejiang Province, which has channel advantages. Since the business was carried out, the scale of guarantee business has gradually increased and the risk is relatively small.
The above businesses are carried out in cooperation with banks, including Shanghai Pudong Development Bank Co.Ltd(600000) , China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , China Everbright Bank Company Limited Co.Ltd(601818) etc., but banks need the company to provide joint and several liability guarantee. Up to now, the company has provided a maximum guarantee of 4.34 billion yuan for Xiangyi guarantee business.
(II) 2022 annual guarantee plan
Guarantee business is one of the important business segments of the company. In order to further support the development of guarantee business and steadily achieve the strategic planning goal of becoming stronger and bigger, the company and its holding subsidiaries plan to provide a maximum guarantee for Xiangyi guarantee business in 2022, with a total amount of 6.3 billion yuan, including 5.5 billion yuan for engineering guarantee business, The amount of guarantee provided for the development of Xiangyi loan guarantee business is 800 million yuan.
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 Financing Guarantee Co., Ltd. is a holding subsidiary of the company, with a shareholding ratio of 61.05% and a registered capital of 344 million yuan; Legal representative: Hu Qiuhua; Place of registration: Hangzhou, Zhejiang Province; Business scope: financing guarantee business (see the business license of financing guarantee institutions of the people’s Republic of China for details).
Shareholders: the shareholding ratio of the company is 61.05%, that of Yunnan hehe (Group) Co., Ltd. is 16.57%, that of Zhejiang Xiangyi Holding Co., Ltd. is 16.57%, and that of Hangzhou Shangcheng District State owned investment holding group Co., Ltd. (formerly Hangzhou Shangcheng District Investment Holding Group Co., Ltd.) is 5.81%.
(II) main financial indicators
As of December 31, 2021, the total assets of the company were 6192149 million yuan, the net assets were 5381306 million yuan, and the asset liability ratio was 13.09%. In 2021, the operating income was 452968 million yuan and the net profit was 197558 million yuan. (audited)
On September 30, 2021, the total assets of the company were 612958400 yuan, the net assets were 530156700 yuan, and the asset liability ratio was 13.51%. From January to September 2021, the operating revenue was 32.542 million yuan and the net profit was 11.782 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 considered and approved the proposal on providing maximum guarantee for the guarantee business of Xiangyi guarantee in 2022: it agreed that the company and its holding subsidiaries should provide a maximum guarantee of 6.3 billion yuan for the guarantee business of Xiangyi guarantee in 2022, Among them, the amount of guarantee provided for engineering guarantee business is 5.5 billion yuan, and the amount of guarantee provided for financing guarantee business is 800 million yuan.
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 guarantee, 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
