Dongrui Co., Ltd. provides a guarantee of no more than 120 million yuan for its subsidiaries

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 26, Dongrui Co., Ltd. (Stock Code: 001201) announced that it has provided guarantees for its wholly owned subsidiaries Heyuan Ruichang Feed Co., Ltd. and Dongyuan Dongrui Agriculture and Animal Husbandry Development Co., Ltd. The company has approved a total comprehensive credit guarantee limit of no more than 3 billion yuan for some subsidiaries within the consolidated financial statements for 2026, and a guarantee limit of no more than 350 million yuan for procurement agreements signed between its subsidiaries and related suppliers.

Specific guarantee progress includes: providing a joint liability guarantee of 40 million yuan for Ruichang Feed’s working capital loan with the Heyuan branch of Postal Savings Bank of China; and providing a maximum guarantee of 80 million yuan for Dongyuan Dongrui’s credit business with the Heyuan branch of Postal Savings Bank of China.

As of the disclosure date, the company’s guarantee balance for controlling subsidiaries was 1.751 billion yuan, accounting for 51.62% of the company’s audited net assets at the end of 2024.

According to Tianyancha data, Dongrui Co., Ltd. was established on March 27, 2002, with a registered capital of 257.784 million yuan. The legal representative is Yuan Jiankang, and the registered address is Block 01-11, Butterfly Ridge Industrial City, Xiantang Town, Dongyuan County. Its main business is pig breeding and sales.

Currently, the company’s chairman is Yuan Jiankang, the secretary of the board is Zeng Dongqiang, with 2,091 employees, and the actual controller is Yuan Jiankang.

The company has 15 associated companies, including Heping Dongrui Agriculture and Animal Husbandry Development Co., Ltd., Heyuan Dongrui Meat Food Co., Ltd., Lianping Dongrui Agriculture and Animal Husbandry Development Co., Ltd., Zijin Dongrui Agriculture Development Co., Ltd., and Heyuan Ruichang Feed Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 1.217 billion yuan, 1.037 billion yuan, and 1.52 billion yuan, respectively, with year-over-year growth of 15.68%, -14.77%, and 46.58%. Net profit attributable to the parent was 42.91 million yuan, -516 million yuan, and -65.65 million yuan, with year-over-year changes of -79.72%, -1302.69%, and 87.28%. During the same period, the company’s asset-liability ratio was 34.14%, 42.47%, and 44.13%.

Regarding risks, Tianyancha information shows the company has 131 Tianyan risk items, 20 surrounding Tianyan risks, 75 historical Tianyan risks, and 200 early warning Tianyan risks.