Securities code: 002221 securities abbreviation: Oriental Energy Co.Ltd(002221) Announcement No.: 2022-004 Oriental Energy Co.Ltd(002221)
Announcement on granting bank credit guarantee to subsidiaries
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 risk tips:
1. The total amount guaranteed by the company to its subsidiaries exceeds 100% of the latest audited net assets. Please pay full attention to the guarantee risk.
2. The company and its subsidiaries did not provide guarantee for units outside the consolidated statements. The guarantee provided for subsidiaries this time is conducive to solving their daily operation capital needs, promoting their operation and development, and the financial risk is within the controllable range of the company.
1、 Overview of guarantee
In order to meet the needs of the business development of the subsidiary, Oriental Energy Co.Ltd(002221) (hereinafter referred to as “the company” or ” Oriental Energy Co.Ltd(002221) “) agreed at the 34th meeting of the Fifth Board of directors that the company is the subsidiary Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd. (hereinafter referred to as “Zhangjiagang new materials”) Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. (hereinafter referred to as “Ningbo new materials”) and Oriental Energy Co.Ltd(002221) (Singapore) International Trade Co., Ltd. (hereinafter referred to as “Singapore Donghua”) provide guarantee for the comprehensive credit line of RMB 2.290 billion applied to relevant cooperative banks, and the guarantee period is subject to the actually signed guarantee contract.
The 27th meeting of the 5th board of directors and the fourth extraordinary general meeting of shareholders in 2021 have considered and approved the proposal on granting comprehensive credit guarantee line to subsidiaries and authorizing the approval of the board of directors, authorizing the board of directors to approve the provision of guarantee to subsidiaries according to the approval of bank credit within the guarantee line (foreign currency is converted according to the exchange rate of the same period) and the validity period of this year. Among them, the amount of guarantee for Zhangjiagang new materials is 5 billion, Ningbo new materials is 14 billion and Singapore Donghua is 3 billion. The amount of guarantee provided in this review is within the authorized amount, which will take effect after being reviewed and approved by the board of directors. The expected situation is as follows:
Whether the newly added guarantee amount of the guaranteed party and the guaranteed party’s financial institution accounts for the proportion up to now
The guarantor holds the guarantee amount of the latest period, the guarantee balance, the proportion of related parties of listed companies, the asset liability ratio (RMB 100 million) (RMB 100 million) and the proportion of net assets guaranteed in the latest period
Zhangjia Ping An Bank Co.Ltd(000001) shares have 4
Company Limited Nanjing Branch
Gangxin 100% 64.28% China Industrial And Commercial Bank Of China Limited(601398) shares 36.01 41.23% no company limited zhangjia2
Material Science
Hong Kong Branch
China Industrial And Commercial Bank Of China Limited(601398) shares
Ningbo Branch Co., Ltd. Ningbo 5.5
Public branch
Xincai 75.31%, 63.20%, Ningbo Beilun rural business 71.09%, 76.16% no company
Material Bank Co., Ltd
Daxie sub branch of the company
There are 4 Ping An Bank Co.Ltd(000001) shares
Xinjia Co., Ltd. Nanjing Branch
Public 100 million
Potong 100% 66.21% Chinese Industrial And Commercial Bank Of China Limited(601398) shares 17.22 27.11% no company limited plus USD (about)
Huahe 640 million
Po Branch (RMB)
(Note: the “shareholding ratio of the guarantor” in the table includes direct and indirect shareholding ratios.)
2、 Basic information of the guaranteed
(I) Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd
1. Basic information name of the guarantor Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd
(original company name: Zhangjiagang Yangzi River Petrochemical Co., Ltd.)
Establishment date: November 8, 2011, approved by the 16th meeting of the second board of directors of the company
Registered address: No. 3, west side of Changjiang North Road, Yangtze River Chemical Industrial Park, Jiangsu
Legal representative: Zhou Yizhong
The registered capital is 2096 million yuan
Business scope: imported propane (limited to the items listed in the license); Production of propylene, hydrogen and polypropylene (limited to the projects listed in the safety review approval); Wholesale of hazardous chemicals (limited to the items listed in the license), investment in propylene and polypropylene projects, storage of general goods, self-supporting and agent import and export of various commodities and technologies
(except for the commodities and technologies that the state restricts the company to operate or prohibits the import and export). For projects that must be approved according to law, business activities can be carried out only with the approval of relevant departments.
Ownership structure Oriental Energy Co.Ltd(002221) (shareholding ratio is 100%, including direct and indirect shareholding)
2. Main financial indicators (the financial data of 2020 have been audited; the financial data of January September 2021 have not been audited)
Unit: 10000 yuan
Subject: December 31, 2020 September 30, 2021
(January December 2020) (January September 2021)
Total assets 680094.84 897520.87
Total liabilities 368356.60 576929.43
Owner’s equity 311738.24 320591.45
Operating income 436765.52 344814.19
Operating profit 41500.15 44507.21
Net profit 33776.79 35291.78
Asset liability ratio 54.16% 64.28%
(II) Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd
1. Basic information name of the guarantor Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd
(original company name: Ningbo Fuji Petrochemical Co., Ltd.)
Date of establishment: October 25, 2012
Registered address: No. 6, Donggang North Road, Daxie Development Zone, Ningbo
Legal representative: Yan Weishan
The registered capital is 3580 million yuan
Business scope: general items: manufacturing of synthetic materials (excluding hazardous chemicals); Sales of synthetic materials; Production of chemical products (excluding licensed chemical products); Sales of petroleum products (excluding hazardous chemicals); Sales of chemical products (excluding licensed chemical products); Wholesale of hardware products; Sales of building materials; China cargo transportation agency; General cargo warehousing services (excluding hazardous chemicals and other items requiring approval) (in addition to the items subject to approval according to law, carry out business activities independently according to law with the business license). Licensed items:
Production of hazardous chemicals; Operation of hazardous chemicals; Technology import and export; Import and export of goods; Import and export agency (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval results).
Equity structure Oriental Energy Co.Ltd(002221) holds 69.14%, Agricultural Bank of China Financial Assets Investment Co., Ltd. (representing Agricultural Bank of China investment – Ningbo new material debt to equity investment plan) holds 12.34% (including 6.17% held by Donghua energy), Bank of communications financial assets investment Co., Ltd. holds 10.80%, and CCB Financial Assets Investment Co., Ltd. holds 7.71%.
2. Main financial indicators (the financial data of 2020 have been audited; the financial data of January September 2021 have not been audited)
Unit: 10000 yuan
Subject: December 31, 2020 September 30, 2021
(January December 2020) (January September 2021)
Total assets 1307312.47 1299877.49
Total liabilities 859215.22 821487.46
Owner’s equity 448097.26 478390.03
Operating income 478831.27 301620.96
Operating profit 56670.31 26303.63
Net profit 42325.98 19651.81
Asset liability ratio 65.72% 63.20%
(III) Oriental Energy Co.Ltd(002221) (Singapore) International Trading Co., Ltd
1. Basic information name of the guarantor Oriental Energy Co.Ltd(002221) (Singapore) International Trading Co., Ltd
Date of establishment: September 22, 2011
Registered address 8 Marina view #30-05 Asia square tower 1 Singapore 018960
Legal representative: Zhou Yifeng
Registered capital: 85.2 million US dollars
Business scope: General Wholesale Trade (including import and export), international trade of energy products such as petroleum and liquefied petroleum gas, and establishment of sales network.
Ownership structure Oriental Energy Co.Ltd(002221) (shareholding ratio is 100%, including direct and indirect shareholding)
2. Main financial indicators (the financial data of 2020 have been audited; the financial data of January September 2021 have not been audited)
Unit: 10000 yuan
Subject: December 2020
