Wanlang Magnetoplastics Provides 5 Million Yuan Guarantee for Subsidiary

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 20, Wanlang Magnetic Plastic (Stock Code: 603150) announced that it provided a guarantee of 5 million yuan to its controlling subsidiary, Guangdong Jiasi New Material Technology Co., Ltd. The guarantee period is from March 19, 2026, to March 19, 2028, and a “Maximum Guarantee Contract” has been signed with Industrial Bank Co., Ltd. Hefei Branch.

This guarantee is within the external guarantee limit approved by the board of directors and shareholders’ meeting for the year 2026. After this guarantee, the company’s guarantee balance for controlling subsidiaries reaches 189.738724 million yuan, accounting for 11.95% of the most recent audited net assets. Guangdong Jiasi’s other shareholder, Tan Yangyang, provided a counter-guarantee proportional to their shareholding.

According to Tianyancha, Wanlang Magnetic Plastic was established on October 27, 1999, with a registered capital of 85.483 million yuan. The legal representative is Wan Heguo, and the registered address is in the North Tangkou Road, Hefei Economic and Technological Development Zone (within the Private Technology Economic Park). Its main business includes R&D, production, and sales of home appliance parts, auto parts, small appliances, and materials.

Currently, the company’s chairman is Wan Heguo, the secretary of the board is Zhang Xiaomei, with 6,059 employees, and the actual controller is Shi Qianzhong.

The company has 59 associated companies, including Zhongshan Puyang Electronic Technology Co., Ltd., Jingdezhen Wanlang Plastic Products Co., Ltd., Taihui Management Co., Ltd., Qingdao Wanlang Intelligent Manufacturing Co., Ltd., and Hefei Aihua Plastic Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 1.709 billion yuan, 2.564 billion yuan, and 3.383 billion yuan, respectively, with year-over-year growth of 15.70%, 50.01%, and 31.95%. Net profit attributable to the parent was 149 million yuan, 135 million yuan, and 139 million yuan, with year-over-year growth of 6.74%, -9.27%, and 2.62%. During the same period, the company’s asset-liability ratio was 44.52%, 58.22%, and 63.03%.

Regarding risks, Tianyancha data shows the company has 39 internal Tianyan risks, 82 surrounding risks, 22 historical risks, and 453 warning alert risks.