Yatong Precision Engineering provides a guarantee of no more than 20 million yuan for its subsidiaries.

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

On March 4th, Yatong Precision Engineering (Stock Code: 603190) announced that on March 3, 2026, the company signed a “Joint Liability Guarantee Contract” with Laizhou Branch of China Postal Savings Bank. The guarantee is for its wholly-owned subsidiary Laizhou Xinya Tong Metal Manufacturing Co., Ltd., providing a joint liability guarantee for financing up to 20 million yuan. This guarantee has no counter-guarantee and is within the scope of the company’s 2024 annual shareholders’ meeting authorization, so no further review is required.

The guaranteed party, Xinya Tong, mainly operates in the manufacturing of auto parts and accessories. As of September 30, 2025, its total assets amounted to 727,809,396.27 yuan, and total liabilities were 500,634,524.69 yuan.

As of the announcement date, the company’s and its subsidiaries’ external guarantees totaled 1,029.2983 million yuan, accounting for 48.96% of the company’s latest audited net assets, with no overdue guarantees or guarantees involved in litigation.

According to Tianyancha data, Yatong Precision Engineering was established on April 18, 2002, with a registered capital of 124.54 million yuan. The legal representative is Jiao Zhaoming, and its registered address is No. 6898 Yuhai Street, Economic Development Zone, Laizhou City, Yantai, Shandong Province. Its main business includes R&D, production, sales, and services of auto parts and mining auxiliary transportation equipment.

Currently, the company’s chairman is Jiao Zhaoming, the secretary of the board is Ren Dianjin, with 1,865 employees. The actual controllers are Jiao Zhaoming, Jiao Xianyang, and Jiao Yangfan.

The company has 16 associated companies, including Laizhou Yatong Heavy Equipment Co., Ltd., Shandong Fuze Rui Metal Technology Co., Ltd., Yatong Auto Parts (Changshu) Co., Ltd., Yatong Auto Parts (Wuhan) Co., Ltd., Laizhou Xinya Tong Metal Manufacturing Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 1.366 billion yuan, 1.722 billion yuan, and 1.745 billion yuan, respectively, with year-on-year growth of -8.59%, 26.13%, and 1.33%. Net profit attributable to shareholders was 136 million yuan, 150 million yuan, and 90.01 million yuan, with year-on-year growth of -16.17%, 10.47%, and -39.97%. During the same period, the company’s asset-liability ratio was 54.62%, 41.52%, and 42.49%.

Regarding risks, Tianyancha data shows the company has 97 internal Tianyan risks, 118 surrounding Tianyan risks, 13 historical Tianyan risks, and 176 early warning Tianyan risks.