Jianlang Hardware provides a guarantee of no more than 200 million yuan for its subsidiaries

Radar Finance | Yang Yang Text | Li Yihui

On March 10, Jianlang Hardware (Stock Code: 002791) announced that its wholly-owned subsidiary, Guangdong Jianlang Building Materials Sales Co., Ltd., applied for a maximum credit line of up to 200 million RMB from the Dongguan Branch of Ping An Bank, with a comprehensive guarantee.

This guarantee has been approved by the company’s 26th meeting of the 4th Board of Directors and the 2024 Annual Shareholders’ Meeting. The total guarantee amount is not expected to exceed 4 billion RMB.

As of the announcement date, the company’s total external guarantee balance was 3,109.0072 million RMB, accounting for 53.92% of the most recent audited net assets attributable to the parent company. The company and its subsidiaries have no overdue external guarantees, no guarantees involved in litigation, and no losses incurred due to guarantees being judged against them.

According to Tianyancha, Jianlang Hardware was established on June 26, 2003, with a registered capital of 353.885013 million RMB. The legal representative is Bai Baokun, and the registered address is No. 3 Jianlang Road, Tangxia Town, Dongguan City, Guangdong Province. Its main business involves the research, production, and sales of mid-to-high-end building hardware systems and related building components.

Currently, the company’s chairman is Bai Baokun, the secretary of the board is Yin Jianzhong, with 12,671 employees. The actual controller is Bai Baokun.

The company has stakes in 60 subsidiaries, including Henan Jianlang Hardware Products Co., Ltd., Guangdong Sfeiao Hechi Smart Kitchen & Bathroom Co., Ltd., Guangdong Teling Engineering Installation Co., Ltd., Guangdong Jianlang Lighting Technology Co., Ltd., and Guangdong Jianlang Precision Manufacturing Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 7.648 billion, 7.802 billion, and 6.638 billion RMB, respectively, with year-over-year changes of -13.16%, +2.00%, and -14.92%. Net profit attributable to the parent was 65.5594 million, 324 million, and 89.9892 million RMB, with year-over-year growth of -92.63%, +393.89%, and -72.23%. During the same period, the company’s asset-liability ratio was 52.38%, 45.65%, and 39.67%.

Regarding risks, Tianyancha data shows the company has 1,177 internal Tianyan risks, 1,223 surrounding risks, 1,662 historical risks, and 489 warning risks.