Xiangyi Rongtong plans to provide a 6 billion yuan guarantee to its subsidiaries in 2026

Radar Finance | Feng Xiuyu Text | Li Yihui

On March 6, Xiangyi Rongtong (600830) announced that it will provide a special guarantee for the accounts receivable financing and commercial loans of its controlling subsidiary, Zhejiang Xiangyi Financial Leasing Co., Ltd., for the year 2026, with a planned guarantee amount of 6 billion yuan. This guarantee plan is still subject to approval by the company’s shareholders’ meeting.

As of the announcement date, the total external guarantees of the company and its controlling subsidiaries amounted to 8,113.5354 million yuan, with an actual guarantee balance of 4,175…8298 million yuan, accounting for 186.41% of the company’s latest audited net assets.

According to Tianyancha data, Xiangyi Rongtong was established on January 8, 1998, with a registered capital of 454.322747 million yuan. The legal representative is Fang Guofu. The registered address is 2nd and 11th-12th floors, No. 109 Heyi Road, Guluo Street, Haishu District, Ningbo, Zhejiang Province. Its main businesses include pawn, guarantee, financial leasing, quasi-financial investment, and special asset services.

Currently, the company’s chairman is Fang Guofu, the secretary of the board is Qian Jing, with 207 employees, and the actual controller is China National Tobacco Corporation.

The company has stakes in 25 subsidiaries, including Ningbo Haishu Xiangyi Rongtong Financial Services Co., Ltd., Xiangyi Rongtong (Zhejiang) Investment Co., Ltd., Xiangyi Rongtong (Shanghai) Investment Co., Ltd., Zhejiang Xiangyi Advertising Planning Co., Ltd., Ningbo Chengzhao Yiwai Project Management Partnership (Limited Partnership), among others.

In terms of performance, the company’s operating income for 2023, 2024, and 2025 are 263 million yuan, 409 million yuan, and 471 million yuan, respectively, with year-on-year growth rates of 2.90%, 55.63%, and 15.28%. The net profit attributable to the parent company is 22.198 million yuan, 53.171 million yuan, and 80.306 million yuan, with year-on-year growth rates of 149.31%, 139.53%, and 51.03%. During the same period, the company’s asset-liability ratio was 29.56%, 43.75%, and 52.17%.

Regarding risks, Tianyancha information shows that the company has 776 internal Tianyan risks, 531 surrounding risks, 235 historical risks, and 520 warning risks.