Stock Code: Huayi Electric Company Limited(600290) stock abbreviation: St Huayi No.: Lin 2022011
Huayi Electric Company Limited(600290)
With regard to the announcement of providing guarantee for the holding subsidiary in 2021, 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:
● name of the guaranteed: Huayi wind energy Co., Ltd., Zhejiang Huayi Electric Technology Co., Ltd., Shanghai Huayi wind energy electric Co., Ltd., Yongcheng Huashi Wind Power Co., Ltd. and its holding subsidiary Xinyang Huayi switchgear Co., Ltd
● quantity of this guarantee: guarantee plan with a total of no more than 750 million yuan
● cumulative amount of guarantees provided for the guaranteed (excluding this guarantee plan): as of the disclosure date of the announcement, the guarantee balance provided by the company for the wholly-owned subsidiary Huayi wind energy Co., Ltd. was 608071 million yuan, and no guarantee was provided to other guaranteed persons.
● counter guarantee: no
● cumulative overdue amount of external guarantee: as of the disclosure date of this announcement, the debt of the company as the guarantor has been overdue, of which: the cumulative loss of the company and its subsidiaries due to joint guarantee is 858347600 yuan; The amount of overdue debts is 752661400 yuan. For the above overdue guarantee, the company has accrued the estimated liabilities and recognized the corresponding credit impairment loss after deducting the corresponding collateral and pledge from the guaranteed principal, interest and default interest.
1、 Overview of guarantee
According to the business plan and corresponding financing arrangements in 2022, the company plans to establish wholly-owned subsidiaries Huayi wind energy Co., Ltd., Zhejiang Huayi Electric Technology Co., Ltd., Shanghai Huayi wind energy electric Co., Ltd Yongcheng Huashi Wind Power Co., Ltd. and its holding subsidiary Xinyang Huayi switchgear Co., Ltd. provide a guarantee with a total amount of no more than 750 million yuan (including but not limited to guarantee, mortgage, pledge, etc.) to banks and other financing institutions. The signing date of the above guarantee agreement shall be within 12 months from the date when the guarantee is deliberated and approved by the general meeting of shareholders of the company, and the guarantee period shall be determined according to the actual situation.
The specific guarantee plan amount of each subsidiary is as follows:
Name of the guaranteed: 2022 guarantee plan
Amount (100 million yuan)
Huayi wind energy Co., Ltd. shall not exceed 300 million yuan
Xinyang Huayi switch Co., Ltd. shall not exceed RMB 50 million
Zhejiang Huayi Electric Appliance Technology Co., Ltd. shall not exceed 100 million yuan
Shanghai Huayi wind energy electric Co., Ltd. shall not exceed 200 million yuan
Yongcheng Huashi Wind Power Co., Ltd. shall not exceed 100 million yuan
Total no more than 750 million yuan
2、 Basic information of the guaranteed
1. Huayi wind energy Co., Ltd
Huayi wind energy Co., Ltd., a wholly-owned subsidiary of the company, was established on March 29, 2002 with a registered capital of 1160 million yuan. Its registered address is No. 228, Central Avenue, Yueqing Economic Development Zone ( Huayi Electric Company Limited(600290) ); Legal representative: Li Chengjia; Business scope: development, manufacturing, sales and service of wind power generation system, wind turbine and parts; Development, construction, operation and maintenance of wind farm; Wind farm project investment; Wind power generation; Import and export of goods and technology.
The financial indicators of the latest year are as follows:
Unit: 10000 yuan
Financial indicators December 31, 2020 September 30, 2021
(consolidated statements) (audited) (Unaudited)
Total assets 2846308330830493
Total liabilities 1768312521859354
Including: bank loan 369063368986
Net assets 107799598971139
Asset liability ratio 61.70% 70.90%
2020 (audited) September 2021 (Unaudited)
Operating income 42902003215491600
Net profit 768.18 -18088370459
2. Xinyang Huayi switch Co., Ltd
Xinyang Huayi switch Co., Ltd. is a holding subsidiary of the company, and the company holds 51% of its equity
Yang Huayi was founded on June 28, 2007; The registered capital is 55 million yuan, and the registered address is No. 22, gong14 Road, industrial city, Xinyang City; Legal representative: Jiang Rongyu; Business scope: production, sales, installation, production and sales of indoor and outdoor high-voltage vacuum circuit breaker and accessories, high-voltage load switch and accessories, grounding switch series, high-voltage disconnector and accessories, plum blossom contact series and accessories, distribution automation equipment and series, thermal control equipment and series; Production, sales, installation and commissioning of high and low voltage switchgear; Operation and maintenance of power transformation and distribution equipment; Production and sales of box type substation, box type switching post, cable branch box and transformer; Three boxes of products; Cable, power fittings, hardware and electrical materials processing and sales; electrosector; Electrostatic spraying; Power transmission and distribution engineering; Sales of metal materials and building materials; Rental of vehicles, houses and power distribution equipment.
The financial indicators of the latest year are as follows:
Unit: 10000 yuan
Financial indicators December 31, 2020 September 30, 2021
(audited) (Unaudited)
Total assets 11725611176363
Total liabilities 326208317685
Including: bank loan 0.00 0.00
Net assets 846354858678
Asset liability ratio 27.82% 27.01%
2020 (audited) September 2021 (Unaudited)
Operating income 7146434604827038
Net profit 215.98123242030
3. Zhejiang Huayi Electric Appliance Technology Co., Ltd
Zhejiang Huayi Electric Appliance Technology Co., Ltd., a wholly-owned subsidiary of the company, was established on September 22, 2000; The registered capital is 208 million yuan; Registered address: No. 228, Central Avenue, Yueqing economic development zone; Legal representative: Xu Dan; Company type: limited liability company (sole proprietorship of legal person); Business scope: general items: technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Manufacturing of distribution switch control equipment; Manufacturing of power facilities and equipment; Software development; Software sales; Software outsourcing services; Housing lease; Leasing of machinery and equipment (except for projects subject to approval according to law, carry out business activities independently according to law with business license).
The financial indicators of the latest year are as follows:
Unit: 10000 yuan
Financial indicators December 31, 2020 September 30, 2021
(consolidated statements) (audited) (Unaudited)
Total assets 38767763628727
Total liabilities 634376620964
Including: bank loan 0.00 0.00
Net assets 32424 Beijing Zznode Technologies Co.Ltd(003007) 763
Asset liability ratio 16.36% 17.11%
2020 (audited) September 2021 (Unaudited)
Operating income 9377273111914318
Net profit 43.15 -2346370363
4. Shanghai Huayi wind energy electric Co., Ltd
Shanghai Huayi wind energy electric Co., Ltd., a wholly-owned subsidiary of Huayi wind energy Co., Ltd., a wholly-owned subsidiary of the company, with its registered address at building 1, No. 800, Feidu Road, Nicheng Town, Pudong New Area; Legal representative: Huang Lianzhi; Company type: limited liability company; The business scope includes the development, manufacturing and sales of wind power generation system, wind turbine and parts and technical services in related fields, the manufacturing and sales of special box type substation and technical services in related fields, the development and construction of wind farm, and the import and export of goods and technology. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
The financial indicators of the latest year are as follows:
Unit: 10000 yuan
Financial indicators December 31, 2020 September 30, 2021
(audited) (Unaudited)
Total assets 36941323558526
Total liabilities 1936 Xinjiang Zhongtai Chenical Co.Ltd(002092) 07
Including: bank loan 0.00 0.00
Net assets 35005323349319
Asset liability ratio 5.24% 5.88%
2020 (audited) September 2021 (Unaudited)
Operating income 14.2926921785
Net profit
