Deerfang Nano Provides Million Yuan Guarantee for Subsidiary

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

On March 20, DeFang Nano (Stock Code: 300769) announced that the company and its subsidiaries within the consolidated financial statements plan to apply for a comprehensive credit line of no more than RMB 15 billion from financial institutions, and provide guarantees for subsidiaries totaling no more than RMB 7.8 billion.

Recently, the company’s controlling subsidiary, Qujing Lintie Technology Co., Ltd., applied for a comprehensive credit line of RMB 10 million from the Qujing branch of Bank of Communications. The company provided a guarantee for the principal amount of the main debt, up to RMB 10 million.

As of the disclosure date, the total actual guarantee balance for the company and its controlling subsidiaries was RMB 5.49566 billion, accounting for 99.10% of the company’s latest audited net assets, with no overdue debts or litigation cases.

According to Tianyancha data, DeFang Nano was established on January 25, 2007, with a registered capital of RMB 280.18803 million. The legal representative is Kong Lingyong. The registered address is No. 1001, Building 1, Chongwen Park, Liuxian Avenue, Fuguang Community, Taoyuan Street, Nanshan District, Shenzhen. Its main business involves the research, development, production, and sales of core materials for lithium-ion batteries.

Currently, the company’s chairman is Kong Lingyong, the secretary of the board is He Yanyan, and it has 4,021 employees.

The company has stakes in 25 subsidiaries, including Qujing Zhan Yi DeFang Nano Technology Co., Ltd., DeFang (Tianjin) Private Equity Investment Fund Management Co., Ltd., Yunnan DeFang Mineral Resources Development Co., Ltd., Yunnan DeFang Nano Technology Co., Ltd., Qujing DeFang Nano Property Services Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 22.557 billion, RMB 16.973 billion, and RMB 7.613 billion, respectively, with year-over-year growth rates of 355.30%, -24.76%, and -55.15%. The net profit attributable to shareholders was RMB 2.38 billion, RMB -1.636 billion, and RMB -1.338 billion, with year-over-year changes of +188.36%, -168.74%, and +18.25%. During the same period, the company’s asset-liability ratio was 63.36%, 57.96%, and 61.35%.

Regarding risks, Tianyancha data shows that the company has 688 internal Tianyan risks, 80 surrounding risks, 33 historical risks, and 175 warning alert risks.