Jinfa Labi announced that its guaranteed entity, Guangdong Hanfei Plastic Surgery Hospital Co., Ltd., has experienced a debt default. The company previously signed a maximum guarantee contract with Industrial Bank, providing joint liability guarantee for Guangdong Hanfei with a maximum principal limit of 25 million yuan. The first principal of 7.95 million yuan loaned by Guangdong Hanfei from Industrial Bank matured on August 4, 2026, and as of the announcement date, this principal and part of the interest had not been repaid. On August 7, 2026, the company received a notice from Industrial Bank to fulfill the guarantee responsibility, learning that the bank had declared the entire 25 million yuan loan principal and interest due early, and demanded the company settle the amount in a lump sum within 15 days. In the first quarter of 2026, Jinfa Labi achieved revenue of 87.97 million yuan and a net profit attributable to the parent company of 120,000 yuan.
Jinfa Labi Maternity & Baby Articles Co LtdJinfa Labi must fulfill guarantee obligation for defaulted loan, impacting finances.
Industrial Bank Co LtdGuangdong Hanfei defaulted on loan, triggering guarantee and early repayment demand.
