Henan Yicheng New Energy reports strong Q3 2025 results, issues subsidiary guarantee

Henan Yicheng New Energy reported total operating income of RMB 3.01 bn for Q3 2025, an increase of 12.79% year-over-year, with net profit attributable to shareholders reaching RMB 265m, up 55.21%. Total assets as of September 30, 2025, were RMB 14.51 bn, marking a 7.26% rise from the previous year-end.

In a related announcement, the company disclosed a RMB 150m guarantee for its wholly-owned subsidiary, Henan Pingmei Longji Photovoltaic Materials Co., Ltd. This guarantee supports a three-year financing lease agreement with Pingmei Shenma Financing Lease Co., Ltd., at an annual integrated interest rate not exceeding 4.00%. The transaction is considered a related party transaction due to common control by China Pingmei Shenma Holding Group.

As of October 22, 2025, the company's total external guarantees, including those for subsidiaries, amounted to RMB 1.55 bn, representing 11.74% of the latest audited total assets and 28.79% of the latest audited net assets. The board approved the transaction, noting its necessity for the subsidiary's project development and overall corporate strategy.