Yatong Precision Engineering provides a guarantee of no more than 30 million yuan for its subsidiaries.

NightAirdropper · 2026-03-04T08:58:30+00:00

Yatong Precision Engineering signed a financing guarantee contract with China Minsheng Bank, providing a guarantee of no more than 30 million yuan. Currently, the company's external guarantee balance is 979.2983 million yuan, accounting for 46.59% of net assets. From 2022 to 2024, operating income and net profit have shown fluctuating growth, and the company faces certain risk warnings.

NightAirdropper

2026-03-04 08:58:30

Abstract generation in progress

Radar Finance | Yang Yang | Li Yihui

On March 3rd, Yatong Precision Engineering (Stock Code: 603190) announced that on March 2, 2026, the company signed a “Maximum Guarantee Contract” with the Jinan Branch of China Minsheng Bank Co., Ltd. to provide a guarantee for its wholly-owned subsidiary Jinan Luxin Metal Products Co., Ltd. for financing up to 30 million yuan. The guarantee is an irrevocable joint liability guarantee with no counter-guarantee.

As of the announcement date, the company’s and its subsidiaries’ external guarantee balance was 979.2983 million yuan, accounting for 46.59% of the company’s latest audited net assets. All guarantees are for subsidiaries within the consolidated scope, with no overdue or litigation guarantees.

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 the registered address is No. 6898 Yuhai Street, Economic Development Zone, Laizhou City, Yantai, Shandong Province. Its main business involves the research and development, production, sales, and service of auto parts and auxiliary mining 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 revenue 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%. The 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 information shows the company has 97 internal Tianyan risks, 118 surrounding risks, 13 historical risks, and 176 early warning risks.

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