Yuandao Communications plans to provide guarantees of up to 780 million yuan for subsidiaries, or may face shareholder claims due to previous information disclosure issues

AI Inquiry · Yuandao Communications Performance Declines Year After Year, Why Provide Large Guarantees Now?

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 20, Yuandao Communications (Stock Code: 301139) announced that at the 16th meeting of the fourth board of directors held on March 20, 2026, the company approved the proposal for providing guarantee quotas for its subsidiaries, agreeing to offer guarantees not exceeding 780 million yuan within the consolidated reporting scope. This quota is valid for 12 months from the date of approval by the meeting.

Guarantee methods include but are not limited to guarantees, mortgages, pledges, etc., used for applying for bank credit, loans, issuing letters of guarantee, and other financing and performance activities. Specifically, Shenzhen Yuandao Communications Technology Co., Ltd. will receive a guarantee quota of 580 million yuan, and Beijing Tongyou Chuangye Information Technology Co., Ltd. will receive 200 million yuan.

It is worth noting that Yuandao Communications may also face shareholder claims due to disclosure issues.

Lawyer Yu Jun from Sichuan Dingzhong Law Firm told Radar Finance that according to the Securities Law and related regulations, if listed companies fail to disclose information timely or accurately, causing losses to investors, the affected investors can protect their rights. Investors who bought Yuandao Communications stock between the listing date and July 11, 2025, and held the stock at the close of July 11, 2025, can file claims. They can register through the official account “LeiZhuBa” (LeiZhu Code: 66) for free participation. There are no fees before compensation is received.

According to Tianyancha data, Yuandao Communications was established on September 12, 2008, with a registered capital of 121.5808 million yuan. The legal representative is Li Jin. The registered address is No. 1555, Changchun Middle Road, Hangzhou Road Street, High-tech Zone (New City District), Urumqi, Xinjiang, in the High-tech Vanke Building, 16F. Its main business includes providing communication technology services such as network maintenance, optimization, and construction.

Currently, the company’s chairman is Li Jin, the secretary is Hu Jinyi, with 6,370 employees, and the actual controller is Li Jin.

The company has stakes in six subsidiaries, including Beijing Tongyou Chuangye Information Technology Co., Ltd., Hebei Yuandao Anyuan Human Resources Service Co., Ltd., Shenzhen Yuandao Communications Technology Co., Ltd., Shenzhen Yuandao Hongsi Information Technology Co., Ltd., Shenzhen Huayuan New Energy Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 2.111 billion yuan, 1.779 billion yuan, and 1.282 billion yuan, respectively, with year-on-year growth of 29.93%, -15.70%, and -27.93%. Net profit attributable to the parent was 125 million yuan, 69.28 million yuan, and 42.36 million yuan, with year-on-year growth of 17.48%, -44.73%, and -38.86%. During the same period, the company’s asset-liability ratio was 33.84%, 33.06%, and 43.54%.

Regarding risks, Tianyancha information shows the company has 85 internal Tianyan risks, 54 surrounding risks, 145 historical risks, and 112 warning alert risks.