CLOU Electronics' total external guarantee cap reaches seven times net assets, outstanding balance at 207% of net assets

Corporate Action
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Summary · why it matters

CLOU Electronics disclosed that the total external guarantee cap for the company and its subsidiaries is RMB 2.52 billion, representing 706.95% of audited net assets at the end of 2025. The outstanding external guarantee balance is equivalent to RMB 739.4025 million, accounting for 207.43% of net assets. The company recently provided an additional RMB 50 million joint and several liability guarantee for its wholly-owned subsidiary Yichun CLOU Energy Storage Technology Co., Ltd., executed within the already approved total guarantee cap of RMB 2.52 billion. As of the announcement date, the guarantee balance for Yichun CLOU stood at RMB 411.4715 million, with its asset-liability ratio reaching as high as 94.32% and first-quarter net profit of only RMB 3.1405 million. CLOU Electronics reported a net loss attributable to the parent company of RMB 156 million in 2025, marking five consecutive years of losses, and expects a loss of RMB 180 million to 260 million in the first half of 2026. Midea Group plans to provide a RMB 3 billion joint and several liability guarantee and inject RMB 2.5 billion in capital to support CLOU Electronics' credit and liquidity.

Impact on stocks 2

Others± Mixed · 2 stocks
Shenzhen Clou Electronics Co Ltd
002121
▼ NegativeCapitalrelevance

CLOU Electronics' high external guarantee cap and outstanding balance, coupled with consecutive losses and expected further losses, raise financial risk concerns.

Midea Group Co Ltd
000333
▲ PositiveCapitalrelevance

Midea Group plans to provide RMB 3 billion guarantee and inject RMB 2.5 billion to support CLOU, indicating financial support and potential strategic investment.

Off-coverage companies 1

Yichun Kelu Energy Storage Technology Co., Ltd.Private▼ Negative
Capitalrelevance

Yichun CLOU has a high asset-liability ratio of 94.32% and low net profit, indicating financial strain and potential risk from the additional guarantee.

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