Feiwo Technology provides a guarantee of no more than 10 million yuan for its subsidiaries.

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On February 24, Feiwo Technology (Stock Code: 301232) announced that the company will hold a board of directors and supervisory committee meeting on April 23, 2025, and a shareholders’ meeting on May 16, 2025, to approve providing a guarantee limit of no more than RMB 360 million for subsidiaries within the consolidated reporting scope.

Recently, the company signed a “Maximum Guarantee Contract” with Changde Branch of China Guangfa Bank, providing a guarantee of no more than RMB 10 million for its wholly-owned subsidiary, Hunan Feiwo Youlian Industrial Technology Co., Ltd. The scope of the guarantee includes principal, interest, penalty interest, compound interest, breach penalties, damages, and costs related to realizing the debt.

This guarantee does not exceed the authorized limit and does not require further approval from the board or shareholders. Recent financial indicators of Feiwo Youlian Industrial Technology show an asset-liability ratio of 71.19%, with a net profit of RMB 11.05 million from January to September 2025.

After this guarantee, the total external guarantee balance for the company and subsidiaries within the consolidated scope is RMB 178 million, accounting for 12.25% of the company’s latest audited net assets. The company and subsidiaries have no overdue guarantees or guarantees involved in litigation.

According to Tianyancha, Feiwo Technology was established on July 20, 2012, with a registered capital of RMB 75.162347 million. The legal representative is Zhang Youjun, and the registered address is Group 2, Guanyinqiao Village, Zoushi Town, Taoyuan County, Changde City (within Dahuashang Industrial Park). Its main business includes R&D and manufacturing of high-strength fasteners and providing integrated fastening system solutions for clients.

Currently, the company’s chairman is Zhang Youjun, the secretary of the board is Liu Zhijun, with 2,222 employees, and the actual controller is Zhang Youjun.

The company has 14 associated companies, including Vietnam Szungge Fastener Technology Co., Ltd., Vietnam Jingyi Components Technology Co., Ltd., Feiwo International (Singapore) Technology Co., Ltd., Feiwo New Energy Technology (Huangshi) Co., Ltd., and Feiwo International (Hong Kong) Investment Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 1.34 billion, RMB 1.644 billion, and RMB 1.795 billion, respectively, with year-over-year growth of 18.66%, 22.63%, and 9.21%. Net profit attributable to the parent was RMB 89.86 million, RMB 56.25 million, and a loss of RMB 157 million, with year-over-year changes of +14.91%, -37.26%, and -379.70%. During the same period, the company’s asset-liability ratio was 63.10%, 48.77%, and 61.48%.

Regarding risks, Tianyancha data shows the company has 100 internal Tianyan risks, 54 surrounding risks, 10 historical risks, and 400 early warning risks.