Chahua Co., Ltd. provides a guarantee of no more than 30 million yuan for its subsidiaries.

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 9th, Chahua Modern Home Products Co., Ltd. (Stock Code: 603615, Stock Abbreviation: Chahua Co., Ltd.) announced that it provided a joint liability guarantee of up to 30 million yuan to its wholly-owned subsidiary, Shenzhen Damai Technology Intelligent Co., Ltd. This guarantee is to meet Damai Intelligent’s bank credit needs, and the guarantee agreement has been signed with China Merchants Bank Co., Ltd. Fuzhou Branch.

The company’s board of directors and shareholders’ meeting have approved the relevant guarantee proposal. This guarantee is within the approved limit and does not require further review procedures.

As of the announcement date, the total external guarantees provided by the company and its controlling subsidiaries amount to 300 million yuan, accounting for 26.35% of the latest audited net assets attributable to the parent company, with no overdue guarantees.

According to Tianyancha data, Chahua Co., Ltd. was established on March 3, 1997, with a registered capital of 241.82 million yuan. The legal representative is Chen Kuisheng, and the registered address is No. 168 Jiao Keng Road, Gushan Town, Jin’an District, Fuzhou City, Fujian Province. Its main business is the research, production, and sales of daily-use plastic household products.

Currently, the company’s chairman is Chen Kuisheng, the secretary is Weng Linyan, with 998 employees. The actual controllers are Chen Guanyu, Chen Mingsheng, Chen Kuisheng, Lin Shifu, and Chen Fusheng.

The company has 8 associated companies, including Shanghai Shouna Cultural Media Co., Ltd., Chengdu Chahua Home Products Co., Ltd., Chahua Home Plastic Products (Lianjiang) Co., Ltd., Chahua Modern Home Products (Chuzhou) Co., Ltd., and Chahua Wuhan Home Products Sales Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 675.6 million yuan, 655.7 million yuan, and 560 million yuan, respectively, with year-on-year changes of -15.38%, -2.81%, and -14.74%. The net profit attributable to the parent was -18.7813 million yuan, 4.6945 million yuan, and -37.5047 million yuan, with year-on-year growth rates of 8.18%, 125.24%, and -898.91%. During the same period, the company’s asset-liability ratio was 12.04%, 19.04%, and 25.23%.

Regarding risks, Tianyancha information shows the company has 50 internal Tianyan risks, 47 surrounding risks, 60 historical risks, and 96 warning alert risks.