Inner Mongolia Yitai Coal Co., Ltd. (Yitai B Shares) announced that it provided actual guarantees amounting to RMB1,047,351,600 for five controlled subsidiaries in June 2026. None of these subsidiaries are related parties, and no counter-guarantees were established for the guarantees.
The five guaranteed entities are Yitai Yili Energy Co., Ltd., Yitai Energy (Shanghai) Co., Ltd., Inner Mongolia Pengtai Biotechnology Co., Ltd., Inner Mongolia Yitai Chemical Co., Ltd., and Yitai Yili Mining Co., Ltd. Specific amounts include RMB491,389,300 for Yitai Yili Energy, RMB500,000,000 for Yitai Energy (Shanghai), RMB34,829,900 for Inner Mongolia Pengtai Biotechnology, RMB12,734,900 for Inner Mongolia Yitai Chemical, and RMB8,397,500 for Yitai Yili Mining.
Authorization for these guarantees stemmed from resolutions adopted by the company’s board in April 2026 and shareholders' meeting in May 2026. These resolutions approved guarantees not exceeding RMB17.706 billion for controlled subsidiaries' financing from financial institutions, and a guarantee balance not exceeding RMB2.8 billion for commercial acceptance bill financing business of certain wholly-owned or controlled subsidiaries.
As of the end of June 2026, the outstanding guarantee balance for controlled subsidiaries was approximately RMB10.525 billion, and the outstanding balance for commercial acceptance bill financing guarantees was about RMB154 million. Cumulatively, the total external guarantees (including commercial acceptance bill financing) by the company and its controlled subsidiaries amounted to RMB29.885 billion, representing 61.66% of the company’s latest audited net assets of RMB48.465 billion. No overdue or irregular guarantees exist currently.
The announcement also presented financial data for the guaranteed entities as of end-2025 and end-March 2026. For instance, Yitai Yili Energy had total assets of RMB9,189,035,100 and net assets of RMB3,061,885,800 at end-2025, with a net loss of RMB87,425,000 for the year; Yitai Energy (Shanghai) had total assets of RMB1,361,250,000 and net assets of RMB176,986,300, with a net profit of RMB13,474,900. By end-March 2026, Yitai Yili Energy’s net assets rose to RMB3,362,260,000, while Yitai Energy (Shanghai)’s dipped slightly to RMB176,597,000.
The company stressed that all external guarantees are confined to entities within its consolidated statements, overall risks remain manageable, and no overdue guarantees have occurred.