Hanbo High-tech plans to provide a guarantee of no more than 409 million yuan for its associated company

Radar Finance | Text by Yang Yang | Edited by Li Yihui

On March 9, Hanbo High-tech (Stock Code: 301321) announced that the company held the 26th meeting of the 4th Board of Directors on March 6, 2026, during which it approved the proposal regarding providing guarantees and related-party transactions for its associated companies.

According to the proposal, the company plans to provide a credit guarantee of no more than RMB 409.0905 million to Hefei Xin Dongjin New Material Technology Co., Ltd., which holds a 45.4545% stake, to support the company’s application for a comprehensive credit line of up to RMB 900 million from banks and other financial institutions for mergers, acquisitions, and business development needs. This guarantee requires approval at the shareholders’ meeting, and Xin Dongjin will provide counter-guarantees for this.

After this guarantee is provided, the total amount of guarantees under contracts signed by the company and its controlling subsidiaries for their subsidiaries will be within RMB 3.598 billion, accounting for 345.25% of the company’s latest audited net assets. The actual guarantee balance is RMB 2.459 billion, which is 235.97% of the latest audited net assets.

The total guarantee amount the company plans to provide for its associated companies is RMB 409.0905 million, representing 39.25% of the company’s latest audited net assets, with an actual guarantee balance of RMB 0.

According to Tianyancha, Hanbo High-tech was established on December 2, 2009, with a registered capital of RMB 186.435 million. The legal representative is Wang Zhaozhong, and the registered address is No. 2136, Tianshui Road, Xinzhan District, Hefei. Its main business includes optical engines and light sources for LCD displays, display device accessories, electronic and electrical components, molds, electronic parts materials, adhesives, development, production, and sales.

Currently, the company’s chairman is Wang Zhaozhong, the secretary of the board is Pan Dasheng, with 1,794 employees, and the actual controller is Wang Zhaozhong.

The company’s associated companies include 35 firms, such as Boxun Optoelectronic Technology (Hefei) Co., Ltd., Lantech Technology (Asia) Co., Ltd., Beijing Boxin Optoelectronics Co., Ltd., Hefei Xingchen New Materials Co., Ltd., Chongqing Boxshuo Optoelectronics Co., Ltd., and others.

In terms of performance, the operating revenues for 2022, 2023, and 2024 were RMB 2.207 billion, RMB 2.163 billion, and RMB 2.347 billion, respectively, with year-over-year changes of -24.02%, -2.00%, and +8.49%. The net profits attributable to the parent were RMB -54.3534 million, RMB 52.9474 million, and RMB -215 million, with year-over-year growth rates of -142.62%, +197.41%, and -505.70%. During the same period, the company’s asset-liability ratios were 62.73%, 69.49%, and 75.02%.

Regarding risks, Tianyancha data shows the company has 372 internal Tianyan risks, 81 surrounding risks, 47 historical risks, and 278 warning alerts.