Tianqi Shares provides an additional 19.99 million yuan guarantee for its subsidiary

Radar Finance | Feng Xiuyu Edited by | Li Yihui

On February 24, TQ股份 (Stock Code: 002009) announced that the company will hold the 9th Board of Directors’ second meeting on April 23, 2025, and the 2024 Annual Shareholders’ Meeting on May 15, 2025. The meeting approved the proposal on the estimated external guarantee limit for 2025, agreeing that the company’s and its subsidiaries’ guarantee limit for 2025 will not exceed 1,796 million yuan, which is 92.78% of the company’s latest audited net assets.

Recently, the company signed a Guarantee Contract with Tongling Rural Commercial Bank Co., Ltd., Tongdu Branch, providing a joint liability guarantee for its wholly-owned subsidiary, Tongling Tianqi Lantian Machinery Equipment Co., Ltd. The guarantee amount is 19.99 million yuan, with a guarantee period from February 24, 2026, to February 24, 2027.

As of the date of this announcement, the total guarantee limit provided by the company and its subsidiaries is 17,960 million yuan, with an actual guarantee balance of 1,137.9098 million yuan.

According to Tianyancha data, TQ股份 was established on November 18, 1997, with a registered capital of 402.2332 million yuan. The legal representative is Huang Bin. The registered address is No. 288 Luolu Road, Luoshe Town, Huishan District, Wuxi City, Jiangsu Province. Its main businesses include intelligent equipment, lithium battery recycling, and robotics.

Currently, the company’s chairman is Huang Bin, the secretary of the board is Zhang Yuxing, with 2,463 employees, and the actual controller is Huang Weixing.

The company has 38 associated companies, including TQ Lidi (Hubei) Environmental Protection Technology Group Co., Ltd., Ningbo Waste Vehicle Recycling Co., Ltd., Jiangsu TQ Heavy Industry Co., Ltd., Jiangxi TQ Jintai Ge Cobalt Industry Co., Ltd., and Wuxi TQ Precision Engineering Technology Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 4.351 billion yuan, 3.616 billion yuan, and 2.96 billion yuan, respectively, with year-over-year growth of 15.16%, -16.89%, and -18.14%. Net profit attributable to the parent was 198 million yuan, -415 million yuan, and -255 million yuan, with year-over-year growth of 31.75%, -309.91%, and 38.53%. During the same period, the company’s asset-liability ratio was 68.30%, 66.37%, and 66.84%.

Regarding risks, Tianyancha information shows the company has 808 internal Tianyan risks, 368 surrounding risks, 481 historical risks, and 286 warning alert risks.