Sichuan Changhong Electric outlines 2026 guarantee, financing limits

Sichuan Changhong Electric announced an estimated external guarantee limit of 980,298.97 million yuan for its controlled subsidiaries for 2026, with an additional 227,844.80 million yuan for property purchasing customers. The total external guarantees as of the announcement date, excluding new estimates, reached 1,469,243.77 million yuan, representing 100.22% of the company's latest audited net assets. The company will require counter-guarantees from non-wholly-owned subsidiaries based on their effective assets.

Concurrently, Sichuan Changhong Electric plans to introduce a "Changhong Chain Premium" supply chain financing model for its controlled subsidiaries, allocating a special guarantee limit of up to 99,450 million yuan for this purpose. This initiative, valid from January 1, 2026, to December 31, 2026, aims to improve cash flow and reduce financing costs by leveraging accounts receivable.

Furthermore, the company projects daily related-party transactions with Guangzhou Huanwang Technology Co., Ltd. for 2026, totaling no more than 6,400 million yuan, encompassing labor services, procurement of goods, and acceptance of services.