Tianqi Shares provides an additional 10 million yuan guarantee for its subsidiary

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On March 9th, Tiandi Automation Engineering Co., Ltd. (Stock Code: 002009, Stock Abbreviation: Tiandi Shares) announced that it has provided a joint liability guarantee of 10 million yuan for its controlling subsidiary, Jiangsu Tiandi Heavy Industry Co., Ltd.

This decision was approved at the board meeting on April 23, 2025, and at the shareholders’ meeting on May 15 of the same year. The total external guarantee amount for 2025 is not expected to exceed 1,796 million yuan.

As of now, the company and its subsidiaries have actual guarantee balances totaling 1,132.3372 million yuan, accounting for 58.50% of the audited net assets in 2024, with no overdue or litigation-related external guarantees.

According to Tianyancha data, Tiandi Shares was established on November 18, 1997, with a registered capital of 402.2332 million yuan. The legal representative is Huang Bin, and the registered address is No. 288, Luosu Road, Luoshe Town, Wuxi City, Jiangsu Province. Its main businesses include intelligent equipment, lithium battery recycling, and robotics.

Currently, the company’s chairman is Huang Bin, the secretary of the board is Zhang Yuxing, with 2,463 employees, and the actual controller is Huang Weixing.

The company has 38 associated companies, including Tiandi Lidi (Hubei) Environmental Protection Technology Group Co., Ltd., Ningbo Waste Vehicle Recycling Co., Ltd., Jiangsu Tiandi Heavy Industry Co., Ltd., Jiangxi Tiandi Jintai Ge Cobalt Industry Co., Ltd., and Wuxi Tiandi Jinggong Technology Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 4.351 billion yuan, 3.616 billion yuan, and 2.96 billion yuan, respectively, with year-over-year growth of 15.16%, -16.89%, and -18.14%. The net profit attributable to the parent was 198 million yuan, -415 million yuan, and -255 million yuan, with year-over-year growth of 31.75%, -309.91%, and 38.53%. During the same period, the company’s asset-liability ratio was 68.30%, 66.37%, and 66.84%.

Regarding risks, Tianyancha information shows the company has 815 internal Tianyan risks, 369 surrounding risks, 485 historical risks, and 272 warning alert risks.