Securities code: 000626 securities abbreviation: Grand Industrial Holding Co.Ltd(000626) Announcement No.: 2021-126
Grand Industrial Holding Co.Ltd(000626)
Progress announcement on providing guarantee for subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records and misleading
Material statements or material omissions.
Special risk tips:
Grand Industrial Holding Co.Ltd(000626) (hereinafter referred to as "the company") and the holding subsidiary's external guarantee (both of which are controlled by the company)
The total amount of guarantee between joint-stock subsidiaries or holding subsidiaries exceeds 100% of the latest audited net assets; Asset liability ratio
More than 70% of the unit guarantees (all guarantees provided by the company to the holding subsidiaries or between the holding subsidiaries) exceed the company's recent amount
The audited net assets of phase I are 50%. Please pay attention to the risks.
1、 Overview of guarantee
Signed by the company and Postal Savings Bank Of China Co.Ltd(601658) (hereinafter referred to as: Postal Savings Bank Of China Co.Ltd(601658) ) Ningbo Branch
The maximum guarantee contract is Yuanda Energy Chemical Co., Ltd. (hereinafter referred to as Yuanda), the holding subsidiary of the company
Neng Hua) applies for credit line and provides joint and several liability guarantee, with the guarantee amount not exceeding 195 million yuan.
The company held the 9th board meeting on December 10, 2020 and December 29, 2020 respectively
The eleventh annual meeting and the third extraordinary general meeting of shareholders in 2020 deliberated and adopted the
It is agreed that the company will apply for comprehensive grant from financial institutions in subsidiaries
Xinshi provides joint and several liability guarantee for it, and the guarantee amount is expected to not exceed RMB 7.647 billion. See the company 2020 for details
It was disclosed in China Securities Journal, securities times and cninfo.com on December 11 and December 30
（ http://www.cn.info.com..cn. ）Announcement on resolutions of the board of directors and on the adoption of the subsidiary company in 2021
Announcement on the expected amount of guarantee provided by the company and announcement on the resolution of the general meeting of shareholders. This guarantee is expected in the above
Within the limit, the company does not need to perform the review procedures.
2、 The estimated amount of guarantee that has been considered by the guaranteed party
Unit: 100 million yuan
Sequence: the guaranteed party has reviewed this guarantee in 2021, before this guarantee is used this time, after this guarantee is used this time, the estimated amount of guarantee after this guarantee in previous years, the guaranteed balance in 2021, the guaranteed balance in 2021, the guaranteed amount, the guaranteed amount, and the guaranteed amount
1 Yuanda Energy Chemical Co., Ltd. 27.7824.9231.950.907025.873
3、 Basic information of the guaranteed
Yuanda energy chemical was established on April 20, 2015, with its registered address at room 105-2, building 26, No. 128, Yongfeng Road, Daxie Development Zone, Ningbo, Zhejiang Province, and its legal representative is Xu Chaoyang. Business scope: licensed items: hazardous chemicals business; Import and export of goods; Technology import and export; Import and export agency (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments, and the specific business projects shall be subject to the approval results). General items: China trade agency; Sales of reinforcement products for construction; Synthetic fiber sales; Sales of metal materials; Timber sales; Sales of special chemical products (excluding hazardous chemicals); Sales of building materials; Sales of chemical products (excluding licensed chemical products); Sales of synthetic materials; Sales of engineering plastics and synthetic resin; Sales of bio based materials; Sales of plastic products; Sales of knitwear, textiles and raw materials; Sales of knitwear and textiles; Wholesale of hardware products; Retail of hardware products; Sales of electronic products; Stationery retail; Stationery wholesale; Retail of sporting goods and equipment; Wholesale of sporting goods and equipment; Sales of mechanical equipment; Sales of daily necessities; Wholesale of daily necessities; Sales of petroleum products (excluding hazardous chemicals); Engaging in investment activities with its own funds; Information consulting services (excluding licensed information consulting services); General cargo warehousing services (excluding hazardous chemicals and other projects requiring approval) (except for projects subject to approval according to law, business activities shall be carried out independently according to law with business license). Operating with branches at the lower limit: general projects: manufacturing of basic chemical raw materials (excluding the manufacturing of licensed chemicals such as hazardous chemicals) (except for projects subject to approval according to law, business activities shall be carried out independently according to law with business license). The registered capital of Yuanda energy chemical is 120 million yuan. Yuanda property holds 70% of its equity, Xu Chaoyang holds 23%, Cai Huajie holds 6.5% and Zhu Lifang holds 0.5%.
In 2020, Yuanda energy chemical achieved a sales revenue of 23794.08 million yuan, a total profit of 170.8 million yuan and a net profit of 127.31 million yuan; As of December 31, 2020, the total assets were 1307.22 million yuan, the total liabilities were 970.69 million yuan (including 90.11 million yuan of bank loans and 91.865 million yuan of current liabilities), the net assets were 336.53 million yuan, and there were no contingencies. From January to September 2021, Yuanda energy chemical achieved a sales revenue of 26429.44 million yuan, a total profit of 130.53 million yuan and a net profit of 97.85 million yuan; As of September 30, 2021, the total assets were 1778.54 million yuan, the total liabilities were 1416.15 million yuan (including 233.08 million yuan of bank loans and 1416.15 million yuan of current liabilities), the net assets were 362.38 million yuan, and there were no contingencies.
Yuanda Nenhua is not a dishonest person to be executed.
4、 Main contents of the guarantee agreement
1. Guarantee mode
Joint and several liability guarantee.
2. Guarantee period
2.1 the guarantee period of Party A shall be calculated separately according to the single trade financing provided by Party B to the debtor, from the starting date of the single trade financing business to two years after the expiration of the debt performance period. Of which:
The guarantee period under package loan, export L / C documentary bill, export collection documentary bill, import L / C documentary bill, import collection documentary bill and export credit insurance financing is two years from the date of financing maturity;
The guarantee period under the letter of credit, letter of guarantee and standby letter of credit shall be two years from the date of advance payment by Party B. if the debtor defaults as agreed in the main contract and Party B requires the debtor to pay the deposit immediately, the guarantee period for Party A shall be two years from the date of Party B requiring the debtor to pay the deposit; 2.2 if Party B and the debtor reach an extended contract on the debt performance period of the main contract, with the consent of Party A, Party A shall continue to bear the guarantee liability for a period of two years from the expiration of the debt performance period agreed in the extended contract;
2.3 in case of any event stipulated by laws and regulations or agreed in the main contract, resulting in the early maturity of the main contract debt announced by Party B, the guarantee period shall be two years from the date of early maturity of the main contract debt determined by Party B;
3. Amount
No more than 195 million yuan.
5、 Opinions of the board of directors
This guarantee is a joint and several liability guarantee provided by the company for the subsidiary within the scope of consolidated statements to apply for credit line from the bank, in order to support the operation and development of the subsidiary. The guaranteed subsidiary is in good operating condition and has the ability to repay. As the controlling shareholder, the company has control over the appointment and removal of senior executives and business decisions of Yuanda Neng, and can effectively control the operation and management of Yuanda Neng. The financial risk of this guarantee is within the controllable range and does not damage the interests of the company and minority shareholders. The minority shareholders of the holding subsidiary Yuanda Neng provide corresponding counter guarantee with their minority equity.
6、 Accumulated external guarantees and overdue guarantees
1. After this guarantee, the total balance of external guarantee of the company and its holding subsidiaries is about 9371.1827 million yuan (including: the balance of guarantee provided by the company for the holding subsidiaries is 6799.5 million yuan, and mutual guarantee provided by the holding subsidiaries)
The guarantee balance is about 2571682700 yuan), accounting for 354.95% of the company's audited net assets in 2020. 2. After this guarantee, the company and its holding subsidiaries did not provide guarantee for companies outside the scope of consolidated statements. 3. After this guarantee, the company and its holding subsidiaries have no overdue guarantee, no guarantee involving litigation and no judgment against the company due to the guarantee.
It is hereby announced.
Grand Industrial Holding Co.Ltd(000626) board of directors
December 31, 2001
