Xiangxin Technology provides an additional guarantee of 14.7 million yuan for its joint venture company

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 4th, Xiangxin Technology (Stock Code: 002965) announced that on December 3, 2025, it approved a proposal to provide guarantees to its joint venture, Dongguan Bentler Xiangxin Automotive Systems Co., Ltd. This proposal was approved at the 2025 third extraordinary shareholders’ meeting. According to the proposal, Xiangxin Technology agrees to provide a comprehensive bank and financial institution credit guarantee of no more than RMB 150 million to its joint venture, with Bentler China sharing joint and several liability guarantees with partners according to their respective shareholdings.

Recently, Dongguan Bentler Xiangxin Automotive Systems Co., Ltd. signed a credit agreement with Shanghai Branch of China Merchants Bank for RMB 30 million. Under this agreement, the maximum principal guarantee provided by Xiangxin Technology is RMB 14.7 million, and Bentler Xiangxin provides counter-guarantees for the above guarantee.

This guarantee action complies with the company’s previous financing guarantee plan approved by shareholders’ meetings, and does not require further board or shareholders’ approval. As of now, Xiangxin Technology and its subsidiaries within the consolidated scope have no violations related to external guarantees or overdue debts.

According to Tianyancha, Xiangxin Technology was established on May 20, 2004, with a registered capital of RMB 265.380359 million. The legal representative is Xie Xiangwa, and its registered address is No. 893, Changan Jian’an Road, Changan Town, Dongguan City, Guangdong Province. Its main business includes the research and development and sales of automotive hardware molds, auto parts, new energy metal products, robots, automation equipment, and mechanical arms.

Currently, the company’s chairman is Xie Xiangwa, the secretary of the board is Chen Zhenhai, with 6,964 employees. The actual controllers are Chen Rong and Xie Xiangwa.

The company has 19 associated companies, including Changshu Xiangxin Auto Parts Co., Ltd., Xiangxin (Tianjin) Auto Parts Co., Ltd., Xiangxin Technology (Guangzhou) Co., Ltd., Xiangxin (Ningbo) Auto Parts Co., Ltd., Dongguan Junxin Metal Products Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 4.289 billion, RMB 5.703 billion, and RMB 6.744 billion, respectively, with year-on-year growth of 80.93%, 32.96%, and 18.25%. Net profit attributable to shareholders was RMB 257 million, RMB 407 million, and RMB 359 million, with year-on-year growth of 300.38%, 58.52%, and -11.63%. During the same period, the company’s asset-liability ratios were 50.51%, 53.06%, and 46.38%.

Regarding risks, Tianyancha data shows the company has 130 internal Tianyan risks, 61 surrounding risks, 25 historical risks, and 88 warning alert risks.