*ST Rendo expects to provide guarantees of no more than 1 billion yuan to its subsidiaries in 2026

Radar Finance | Yang Yang Edited by | Li Yihui

On February 27, Rendong Holdings Group Co., Ltd. (Stock abbreviation: *ST Rendong, Stock code: 002647) announced its 2026 external guarantee limit forecast, planning to provide guarantees totaling no more than RMB 1 billion for subsidiaries and other subsidiaries within the consolidated scope. This amount represents 178.02% of the company’s most recent audited net assets attributable to shareholders. The scope of guarantees includes, but is not limited to, applying for bank comprehensive credit, loans, business deposits, acceptance bills, and other financing or daily business operations.

Guarantee methods include joint liability guarantees, pledge (mortgage) guarantees, issuing letters of guarantee, providing guarantee deposits, and offering counter-guarantees. The proposed guarantee limit has been approved by the company’s 6th Board of Directors at the 13th meeting and is subject to approval by the company’s shareholders’ meeting.

The guaranteed parties include Guangzhou Heli Technology Services Co., Ltd., Guangzhou Heli Pay Technology Co., Ltd., Shenzhen Rendong Zhishuan Technology Co., Ltd., Beijing Rendong Digital Domain Technology Co., Ltd., and others.

According to Tianyancha, *ST Rendong was established on July 24, 1998, with a registered capital of RMB 1,130,291,657. The legal representative is Liu Changyong. The registered address is Room 405-R05-A030, No. 1 Mingzhu First Street, Hengli Town, Nansha District, Guangzhou. Its main business is third-party payment services.

Currently, the company’s chairman is Liu Changyong, the secretary is Yang Kai, and it has 380 employees.

The company has 24 associated companies, including Rendong (Shenzhen) Big Data Technology Co., Ltd., Rendong Asset Management (Qingdao) Co., Ltd., Tianjin Rendong Information Technology Co., Ltd., Minsheng Youzu (Beijing) Technology Co., Ltd., Guangzhou Rendong Information Technology Services Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was RMB 1.657 billion, RMB 1.8 billion, and RMB 1.159 billion, respectively, with year-on-year growth of -4.12%, 8.66%, and -35.62%. Net profit attributable to shareholders was RMB -140 million, RMB -215 million, and RMB -833 million, with year-on-year declines of -167.63%, -53.22%, and -286.82%. During the same period, the company’s asset-liability ratio was 95.01%, 97.40%, and 114.16%.

Regarding risks, Tianyancha data shows the company has 1,895 internal Tianyan risks, 1,637 surrounding risks, 389 historical risks, and 267 warning risks.