Baitong Energy provides an additional 30 million yuan guarantee for its subsidiary

NightAirdropper · 2026-03-09T04:14:17+00:00

Jiangxi Baitong Energy announces that it will provide a guarantee of 30 million yuan to its subsidiary Baitong Hongda Thermal Power for credit application. This guarantee does not require additional approval and is within the expected limit, with the current external guarantee balance at 210 million yuan. The company's business focuses on centralized heating, with revenue and net profit continuously increasing in recent years, but there are certain risk factors.

NightAirdropper

2026-03-09 04:14:17

Abstract generation in progress

Radar Finance Text | Feng Xiuyu Editor | Li Yihui

On March 8, Jiangxi Baitong Energy Co., Ltd. (Stock Code: 001376, Stock Abbreviation: Baitong Energy) announced that it will provide external guarantees for its wholly-owned subsidiary, Caoxian Baitong Hongda Heating Co., Ltd. Caoxian Baitong applied for a comprehensive credit line of 30 million yuan from the Jinan Branch of China Merchants Bank, with a term of 12 months, covering various credit services. Baitong Energy offers joint liability guarantee, and Caoxian Baitong uses its real estate and land use rights as collateral.

This guarantee is within the company’s projected external guarantee limit for 2026 and does not require additional approval procedures. Currently, the total external guarantee balance of the company and its subsidiaries is 210 million yuan, accounting for 19.12% of the latest audited net assets.

According to Tianyancha data, Baitong Energy was established on May 13, 2010, with a registered capital of 460.09 million yuan. The legal representative is Zhang Chunlong. The registered address is Room 2202, Building 2, Century Xinchen Building, No. 917 Fenglin West Street, Nanchang Economic and Technological Development Zone, Nanchang City, Jiangxi Province. Its main business is providing centralized heating services for industrial parks and industrial clusters.

Currently, the company’s chairman is Zhang Chunlong, the secretary is Liu Yifeng, with 565 employees, and the actual controller is Zhang Chunlong.

The company has stakes in 10 subsidiaries, including Baitong Hongda Heating (Siyang) Co., Ltd., Suqian Baoshiteng Engineering Co., Ltd., Caoxian Baitong Hongda Heating Co., Ltd., Baitong Hongda Heating Sihong Co., Ltd., Jinxian Baitong Hongda Heating Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 1.082 billion yuan, 1.082 billion yuan, and 1.132 billion yuan, respectively, with year-on-year growth of 37.00%, -0.01%, and 4.65%. Net profit attributable to the parent was 110 million yuan, 131 million yuan, and 191 million yuan, with year-on-year increases of 68.61%, 19.50%, and 45.61%. During the same period, the company’s asset-liability ratio was 47.38%, 31.47%, and 33.15%.

Regarding risks, Tianyancha data shows the company has 260 internal Tianyan risks, 23 surrounding risks, 31 historical risks, and 151 warning alert risks.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.