Shitou Shares plans to provide guarantees of up to 180 million yuan for its subsidiaries

Radar Finance | Feng Xiuyu (Writer) | Li Yihui (Editor)

On February 27, Shitou Shares (Stock Code: 600539) announced that, to meet daily operational development needs, it plans to provide guarantees of up to RMB 180 million for its subsidiaries within the consolidated financial statements. The guarantee targets are Hangzhou Quinton Digital Technology Co., Ltd., Hangzhou Chuanghua Electronic Commerce Co., Ltd., and Chongqing Lianchong Smart Technology Co., Ltd., with respective guarantee amounts of RMB 117 million, RMB 13 million, and RMB 50 million.

The guarantees cover short-term working capital loans, long-term loans, project loans, and other types, including but not limited to credit guarantees and asset mortgage guarantees. The guarantee period is valid from the approval of the shareholders’ meeting in 2025 until the shareholders’ meeting in 2026.

As of now, the company and its controlling subsidiaries have no external guarantees. The total guarantee amount for listed company guarantees to controlling subsidiaries is RMB 79 million, accounting for 26.34% of the audited net assets in 2025.

According to Tianyancha, Shitou Shares was established on February 28, 1999, with a registered capital of RMB 230 million. The legal representative is Wu Jiahui. The registered address is No. 0201, 1-2 floors, Building 3, Binhe West Road, Xinghua Street, Wanzai District, Taiyuan City, Shanxi Province. Its main business is providing one-stop omnichannel agency operations and distribution services for brand owners, belonging to the e-commerce service industry.

Currently, the company’s chairman is Wu Jiahui, the secretary is Chen Yuewei, with 310 employees. The actual controllers are Wu Jiahui and Wu Liangyi.

The company has 27 associated companies, including Hangzhou Aiputi Brand Management Co., Ltd., Shanghai Juishi Technology Development Co., Ltd., Yunshi Technology (Chongqing) Co., Ltd., Hangzhou Juixin Technology Co., Ltd., Hangzhou Juqi Technology Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 589 million, RMB 458 million, and RMB 480 million, respectively, with year-over-year growth of 26.40%, -22.16%, and 4.78%. Net profit attributable to the parent was RMB 17.52 million, -RMB 77.59 million, and -RMB 29.62 million, with year-over-year growth of 21.21%, -542.90%, and 61.83%. During the same period, the company’s asset-liability ratio was 16.07%, 22.99%, and 20.65%.

Regarding risks, Tianyancha shows the company has 64 internal Tianyan risks, 200 surrounding risks, 107 historical risks, and 201 warning alert risks.