Annoqi Plans to Provide Guarantees for Subsidiary Finance Lease Not Exceeding 35 Million

Radar Finance | Yang Yang (Writer) | Li Yihui (Editor)

On March 18, Annoqi (Stock Code: 300067) announced that the company will hold the 25th meeting of the sixth board of directors on March 18, 2026, to review and approve the proposal regarding the full subsidiary engaging in financial leasing business and providing guarantees for it.

The company’s wholly-owned subsidiary, Shanghai Gengcong Information Technology Co., Ltd., plans to conduct a financial leasing transaction with a financing leasing company using some equipment assets through a sale-leaseback arrangement, with a financing amount not exceeding 35 million RMB and a term of no more than three years.

The company and its wholly-owned subsidiaries, Shandong Annoqi Fine Chemicals Co., Ltd. and Yantai Annoqi Fine Chemicals Co., Ltd., intend to provide joint liability guarantees for Gengcong Technology’s financial leasing business. This guarantee matter falls within the approval authority of the company’s board of directors and does not require submission to the company’s shareholders’ meeting.

As of now, the total guarantee limit for the company and its wholly-owned subsidiaries is 603 million RMB, with a total guarantee balance of 205.168 million RMB, accounting for 8.07% of the latest audited net assets of the listed company.

According to Tianyancha data, Annoqi was established on October 19, 1999, with a registered capital of approximately 1.154374 billion RMB. The legal representative is Ji Lijun, and the registered address is No. 881 Songhua Road, Qingpu District, Shanghai. Its main business involves the research, production, and sales of high-end differentiated dyes.

Currently, the company’s chairman is Ji Lijun, the secretary of the board is Xu Man, with 688 employees. The actual controllers are Ji Lijun and Zhang Liewen.

The company has stakes in 19 affiliated companies, including Yantai Shanghu Digital Technology Co., Ltd., Shanghai Annoqi Material Technology Co., Ltd., Shanghai Annoqi Chemical Materials Co., Ltd., Yantai Annoqi Fine Chemicals Co., Ltd., and Dongying Annoqi Textile Materials Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was approximately 751 million RMB, 809 million RMB, and 973 million RMB, respectively, with year-over-year growth rates of -28.57%, 7.67%, and 20.32%. The net profit attributable to the parent was approximately 31.28 million RMB, 8.15 million RMB, and -4.75 million RMB, with year-over-year changes of -69.88%, -73.96%, and -158.26%. During the same period, the company’s asset-liability ratio was 19.96%, 25.12%, and 28.09%.

Regarding risks, Tianyancha data shows that the company has 261 internal Tianyan risks, 155 surrounding risks, 362 historical risks, and 399 warning alerts.