Securities code: 003037 securities abbreviation: Guangdong Sanhe Pile Co.Ltd(003037) Announcement No.: 2022-006 Guangdong Sanhe Pile Co.Ltd(003037)
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:
In 2022, Guangdong Sanhe Pile Co.Ltd(003037) (hereinafter referred to as “the company”) is expected to guarantee 3186.5 million yuan for subsidiaries (refer to wholly-owned and holding subsidiaries within the scope of consolidated statements, the same below), accounting for 242.57% of the company’s latest audited net assets, Among them, the guarantee amount for subsidiaries with asset liability ratio of more than 70% (including subsidiaries newly established in the second half of 2021 without financial data) is expected to be RMB 1690.5 million, accounting for 128.69% of the company’s latest audited net assets. Please pay attention to the relevant risks. 1、 Overview of credit application and guarantee
In order to meet the development, production and operation needs of the company and its subsidiaries, the company held the seventh meeting of the third board of directors on January 20, 2022. The meeting unanimously deliberated and adopted the proposal on the application for bank credit and guarantee by the company and its subsidiaries, and agreed that the company and its subsidiaries planned to apply to banks and other financial institutions for no more than RMB 6721 million in 2022 The comprehensive credit line of USD 9 million (converted according to the central parity of RMB exchange rate authorized by China foreign exchange trading center on January 19, 2022, equivalent to RMB 57.2616 million), which is one year from the date of deliberation and approval by the general meeting of shareholders of the company. Within the credit term and credit line, the credit line can be recycled. Credit types include but are not limited to working capital loan, letter of credit, bill discount, bank acceptance bill, letter of guarantee, etc. The credit line is not equal to the actual financing amount of the company and its subsidiaries. The actual financing amount shall be within the credit line and shall be subject to the actual financing amount of the company, its subsidiaries and banks and other financial institutions. The specific amount shall be reasonably determined according to the actual operation needs of the company and its subsidiaries. The specific credit bank, credit line and credit term shall be subject to the actual approval.
According to the different subjects applying for credit extension, the company and its subsidiaries will provide a guarantee with an estimated total guarantee limit of no more than 3186.5 million yuan for the above comprehensive credit extension (the guarantee forms include but are not limited to joint and several liability guarantee, mortgage guarantee, etc., which shall be subject to the provisions of the credit extension main contract and guarantee contract). Of which, the asset liability ratio is 70%
The guarantee amount provided by the above (inclusive) subsidiaries (including the estimated guarantee amount of Taizhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd., Huzhou Sanhe new building materials Co., Ltd. and Hunan Sanhe new building materials Co., Ltd. newly established in the second half of 2021 without financial data) is RMB 1690.5 million, and the guarantee amount provided for subsidiaries with asset liability ratio less than 70% is RMB 1496 million. The actual guarantee period shall be subject to the agreement in the main credit contract and guarantee contract. The details are as follows:
1. Forecast of guarantee amount in 2022
The company holds the guaranteed amount up to now
Proportion of newly added shares in the recent guarantee balance of the listed company
The guarantor and the guaranteed party (including the latest affiliated party of the first phase capital (RMB) guarantee line company)
Received from the guarantee of net assets in the expected period of (holding) assets and liabilities (10000 yuan)
Rate ratio
Sanhe, Guangdong
Pipe pile (Suzhou) supply chain 100% 55.44% 1736.15 3000 2.28% no
Ltd. Guangdong Sanhe Suzhou Sanhe
Pipe pile Co., Ltd. 100% 59.30% 8576.00 33500 25.50% no
Guangdong Sanhe Yancheng Sanhe Co., Ltd
Pipe pile Co., Ltd. 100% 70.14% 2241.01 16500 12.56% no
Guangdong Sanhe Hubei Sanhe Co., Ltd
Pipe pile Co., Ltd. 100% 49.03% 11000 8.37% no
Guangdong Sanhe Zhangzhou Xinsan Co., Ltd
Pipe pile shares and pipe piles 100% 56.24% 8000 6.09% no
Guangdong Sanhe Hefei Sanhe Co., Ltd
Pipe pile Co., Ltd. 100% 54.04% 5000 3.81% no
Guangdong Sanhe and Jiangsu Sanhe Co., Ltd
Pipe Pile Construction Co., Ltd. 100% 66.36% 132.70 3000 2.28% no
Guangdong Sanhe Hubei Sanhe Co., Ltd
New component section of pipe pile shares 65% 58.53% 4600 3.50% no
Ltd. Technology Co., Ltd
department
Guangdong Sanhe and Jiangsu Sanhe
New component section of pipe pile Co., Ltd. 65% 78.67% 300.00 650 0.49% no Technology Co., Ltd
department
Sanhe, Jiangmen, Guangdong
Pipe pile Co., Ltd. 100% 25.15% 10277.11 76500 58.24% no Co., Ltd. Guangdong Sanhe Zhejiang Sanhe
Pipe pile stock pipe pile Co., Ltd. 100% 63.08% 3000 2.28% no Co., Ltd. Guangdong Sanhe Zhongshan state
Pipe pile Co., Ltd. Peng building materials trade 100% 79.70% 4900 3.73% no Co., Ltd. Yi Co., Ltd
department
Sanhe in Guangdong and Sanhe in Changsha
Pipe pile stock pipe pile Co., Ltd. 100% 74.30% 2000 1.52% no Co., Ltd. Guangdong Sanhe Shaoxing Sanhe
Pipe pile Co., Ltd. 100% 96.25% 10000 7.61% no Co., Ltd. Sanhe Zhongshan City, Guangdong
100% 53.42% 2000 1.52% no of pipe pile Transportation Co., Ltd. Guangdong Sanhe Taizhou Sanhe
Pipe pile Co., Ltd. 100% note ① 45000 34.26% no Co., Ltd. Guangdong Sanhe Huzhou Sanhe
Pipe pile Co., Ltd. new building materials 100% note ① 45000 34.26% no Co., Ltd. Guangdong Sanhe Hunan Sanhe
Pipe pile Co., Ltd. new building materials 100% note ① 45000 34.26% no Co., Ltd
Total — 23262.97 318650.00 242.57%-
Note ①: they are all newly established companies in the second half of 2021, and there is no asset liability ratio data at present.
2. Guarantee limit period
The validity period of the above guarantee limit is one year, which takes effect from the date of deliberation and approval by the general meeting of shareholders. During the validity period, the guarantee limit can be recycled, and the guarantee balance at any time point shall not exceed the guarantee limit deliberated and approved by the general meeting of shareholders. After the expected guarantee amount becomes effective, the unused guarantee amount considered by the company in the early stage will automatically become invalid. 3. Authorization on approval of specific guarantee business under guarantee limit
This guarantee is based on the prediction of the current business situation. Within the scope of the annual guarantee plan, the operation management of the company is authorized to adjust the guarantee amount between subsidiaries according to the actual business development needs of the company’s wholly-owned and holding subsidiaries. However, when the adjustment occurs, for the guarantee objects with asset liability ratio of more than 70%, The guarantee amount can only be obtained from the guarantee object with an asset liability ratio of more than 70%. Meanwhile, it shall be submitted to the general meeting of shareholders for approval to authorize the chairman of the company to determine the guarantee method and amount according to the specific financing situation and sign the guarantee agreement and other relevant documents on behalf of the management of the company and its subsidiaries within the above approved guarantee amount.
The above guarantee matters need to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of the guaranteed
1. Basic information of Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd
Company name: Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd
Date of establishment: June 10, 2003
Unified social credit Code: 913205857494179409
Address: LiuTai Road, Ludu Town, Taicang City
Registered capital: USD 10 million
Legal representative: Cai Hong
Business scope: production of prestressed concrete pipe piles, road and bridge concrete structures, and sales of self-produced products of the company. Related relationship and ownership structure: Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd. is a wholly-owned subsidiary of the company, of which 71.87% is directly held and 28.13% is indirectly held.
The financial data of Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd. year after year are as follows:
Unit: RMB 10000
December 31, 2020 / September 30, 2021 project year / January September 2021
(audited) (Unaudited)
Total assets 71348.28 68556.65
Total liabilities 47242.11 40652.87
Including: total bank loans 2000.00 5400.00
Total current liabilities 47242.11 40652.87
Total amount involved in contingencies —
Net assets 24106.17 27903.78
Operating income 186100.84 126702.92
Total profit 15967.51 5075.57
Net profit 11925.25 3787.64
The asset liability ratio of Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd. is 59.30%.
Upon inquiry, Suzhou Guangdong Sanhe Pile Co.Ltd(003037) Co., Ltd. is not a dishonest person.
Latest credit rating: no external rating / the credit status of the guaranteed is good.
2. Basic information of Jiangsu Sanhe Construction Co., Ltd
Company name: Jiangsu Sanhe Construction Co., Ltd
Date of establishment: September 5, 2003
Unified social credit Code: 91320100751287292m
Address: No. 2, Bofu Road, Jiangbei new area, Nanjing
Registered capital: 50 million yuan
Legal representative: Wang Chenggong
Business scope: production and processing of prestressed concrete pipe piles, PC steel bars and end sectors; Sales of self-produced products and pipe pile construction; House leasing; Mechanical equipment leasing; Vehicle rental; Site rental. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments) general projects: manufacturing of cement products; Sales of cement products; Hardware product manufacturing; Retail of hardware products; Manufacturing of concrete structural members; Sales of concrete structural members (except for projects subject to approval according to law, business activities shall be carried out independently according to law with business license)
Affiliated relationship and ownership structure: the company holds 100% equity of Jiangsu Sanhe Construction Co., Ltd.
Jiangsu Sanhe Construction Co., Ltd
