Securities code: 000933 securities abbreviation: Henan Shenhuo Coal&Power Co.Ltd(000933) Announcement No.: 2022-004 Henan Shenhuo Coal&Power Co.Ltd(000933)
About the investment in Guangxi Longzhou Xinxiang ecological Aluminum Co., Ltd. according to the shareholding ratio
Announcement on providing loan guarantee
The company and all directors, supervisors and senior managers guarantee that the contents of the announcement are true, accurate and complete
There are false records, misleading statements or major omissions.
Special risk tips:
As of December 31, 2021, the total amount of external guarantees of the company was 18.15 billion yuan, accounting for 259.95% of the net assets attributable to the shareholders of the listed company in the audited consolidated financial statements of the company on December 31, 2020, and the actual use amount was 9.107 billion yuan, accounting for 130.43% of the net assets attributable to the shareholders of the listed company in the audited consolidated financial statements of the company on December 31, 2020; The company’s guarantee amount for units with asset liability ratio of more than 70% is 6.200 billion yuan, accounting for 88.80% of the net assets attributable to shareholders of Listed Companies in the audited consolidated financial statements of the company on December 31, 2020, and the actual use amount is 2.849 billion yuan, accounting for 40.80% of the net assets attributable to shareholders of Listed Companies in the audited consolidated financial statements of the company on December 31, 2020. The guarantee objects provided by the company are all subsidiaries and joint-stock companies of the company. Except for subsidiaries and joint-stock companies, the company has no other external guarantee matters.
Please make prudent decisions and pay full attention to the guarantee risk.
1、 Overview
In order to speed up the project construction progress of Guangxi Longzhou Xinxiang ecological Aluminum Co., Ltd. (hereinafter referred to as “Longzhou aluminum”), a joint-stock company of Henan Shenhuo Coal&Power Co.Ltd(000933) (hereinafter referred to as “the company”), the company decided to provide guarantee for the project loan of 1.7 billion yuan of Longzhou aluminum according to the shareholding ratio after deliberation and approval of the sixth meeting of the eighth board of directors and the fourth extraordinary general meeting in 2020, The guarantee amount is 612 million yuan and the term is no more than 10 years. For details, see the announcement on providing guarantee for the loan of the joint-stock company Longzhou aluminum project according to the shareholding ratio (Announcement No.: 2020-077) disclosed by the company in the designated information media on November 28, 2020. In view of the joint test run of Longzhou aluminum in June 2021 and the production capacity in December 2021, in order to meet its needs for production and operation funds, the company plans to reduce the project loan guarantee of 1.7 billion yuan originally provided for it according to the shareholding ratio to 1.3 billion yuan, and the guarantee period remains unchanged; And provide guarantee for its 400 million yuan new credit exposure according to the shareholding ratio, with a guarantee period of 3 years. After this adjustment, the total amount of guarantee provided by the company to Longzhou aluminum is still 612 million yuan. The details of the guarantee provided by the company are as follows:
Amount: RMB (ten thousand yuan)
Guaranteed amount
Prior to the latest adjustment of the guaranteed party of the sequence guarantee, up to now, the proportion of shares held by the guaranteed party of the company after this adjustment is the most No. Party of the company, the guarantee balance of the first phase capital guarantee amount, and the net correlation example of the last phase of the whole guarantee amount (%) Asset liability limit asset proportion guarantee rate (%) (%)
Loan guarantees provided to subsidiaries within the scope of consolidated statements
1 Henan Xuchang Xinlong mine 100.00 67.90 150000.00 109400.00 0.00 150000.00 16.55 no industry Co., Ltd
2 Henan Shenhuo Xinglong mining 82.00 75.74 150000.00 100400.00 0.00 150000.00 16.55 no limited liability company
3 Henan Shenhuo Power Generation Co., Ltd. 100.00 74.60 220000.00 99868.72 0.00 220000.00 24.27 no company
4 Xinjiang Shenhuo Coal Power Co., Ltd. 100.00 55.88 660000.00 334425.88 0.00 660000.00 72.80 no company
5 Xinjiang Shenhuo carbon products 100.00 67.50 130000.00 34479.50 0.00 130000.00 14.34 no, our company
common
6 division Henan Shenhuo International Trade Co., Ltd. 100.00 80.21 100000.00 18500.00 0.00 100000.00 11.03 no company
7 Shenlong Baoding new material has 62.07 81.05 70000.00 28125.00 0.00 70000.00 7.72 no limited company
8 Shanghai Shenhuo aluminum foil Co., Ltd. 100.00 76.16 80000.00 37960.00 0.00 80000.00 8.82 no company
9 Yunnan Shenhuo Aluminum Co., Ltd. 43.40 43.39 174420.00 101565.13 0.00 174420.00 19.24 no company
10 Shanghai Shenhuo international trade 64.52 65.84 19354.83 0.00 0.00 19354.83 2.14 no Co., Ltd
Subtotal – 1753774.83 864724.23 0.00 1753774.83 193.46 no
Loan guarantee provided to joint-stock companies
book
1 gonglongzhou aluminum 36.00 62.09 61200.00 45936.00 0.00 61200.00 6.75 no company
Subtotal – 61200.00 45936.00 0.00 61200.00 6.75 no
Total — 1814974.83 910660.23 0.00 1814974.83 200.21 no
According to the measures for the administration of information disclosure of listed companies of China Securities Regulatory Commission and the stock listing rules of Shenzhen Stock Exchange, this guarantee does not constitute a related guarantee.
The company held the 19th meeting of the 8th board of directors on January 25, 2022
The proposal was considered and adopted by 9 votes in favor, 0 against, 0 abstention and 0 withdrawal.
According to the notice on regulating the external guarantee behavior of listed companies issued by China Securities Regulatory Commission and China Banking Regulatory Commission, the stock listing rules of Shenzhen Stock Exchange and the articles of association, this matter still needs to be submitted to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation and approval.
2、 Basic information of the guaranteed
1. Name: Guangxi Longzhou Xinxiang ecological Aluminum Co., Ltd
2. Type: other limited liability companies
3. Registered address: Longzhou County, Chongzuo City, Guangxi Zhuang Autonomous Region
4. Address: No. 58-2, Chengbei Road, Longzhou Town, Longzhou County
5. Legal representative: Chang Zhen
6. Registered capital: RMB 1225 million
7. Date of establishment: December 16, 2014
8. Unified social credit Code: 91451423322610143b
9. Business scope: Sales of bauxite products, aluminum smelting products and related metals and aluminum processing products (not engaged in production and processing projects involving pre license); Production and sales of alumina, aluminum hydroxide, metal gallium and aluminum industrial wastes (red mud and fly ash); Production and sales of iron concentrate powder; Technology development and technical services related to production, processing and smelting; Import and export of goods. (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments) 10. Credit rating: Longzhou aluminum is currently in the stage of capital construction and has not been rated. 11. The company is the largest shareholder of Longzhou aluminum, but not the controlling shareholder. Its equity structure is shown in the figure below:
Shangqiu Municipal People’s government state owned Henan Provincial Department of Finance Wei Xuefeng Dou Bai Bing Dou Zhenggang Chongzuo state owned Assets Supervision Longzhou County Finance Bureau assets supervision and Administration Commission
90% 10% 100% 10% 90% 100% 100%
Henan Shenhuo Group Co., Ltd. Zhejiang hengjiakong Hangzhou yandeshi Guangxi Chongzuo City Industrial Investment Guangxi Longzhou county urban construction stock Co., Ltd. Investment Co., Ltd. Investment Co., Ltd. 21.42% 27.04% 26.33% 46.63% 100% 100%
Hangzhou Jinjiang Group Co., Ltd. Guangxi Chongzuo jianzhuo Assets Investment Co., Ltd
100%
Hangzhou Zhengcai holding
Group Co., Ltd
7.9545% 31.3439% 23.2249%
36% Cayman aluminum (Sanmenxia) Co., Ltd. 20% 10%
100%
Sanmenxia Kaiman New Material Technology Co., Ltd
34%
Guangxi Longzhou Xinxiang ecological Aluminum Co., Ltd
12. Main financial indicators of Longzhou aluminum industry year after year
Unit: RMB 10000
December 31, 2021 December 31, 2020
(Unaudited) (Unaudited)
Total assets 294158.08 122771.18
Total liabilities
