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Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2025-004
Convertible bond code: 118031 Convertible bond abbreviation: day 23 convertible bond
Trina Solar Co., Ltd
Announcement on the progress of the company's provision of guarantees
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.
Important Content Notes:
Guarantee occurs from December 1, 2024 to December 31, 2024
Name of Guarantor: Trina Solar Co., Ltd. (hereinafter referred to as the "Company") and its merger
Subsidiaries within the scope of the report
Guarantee amount for the period: RMB1.658 billion
Is there a counter-guarantee for this guarantee: Yes
There are no related parties of the company among the guarantors.
Cumulative number of overdue external guarantees: The company has no overdue external guarantees
As of the disclosure date of this announcement, the balance of external guarantees of the company and its subsidiaries within the scope of the consolidated statements is
57.177 billion yuan, accounting for 181.39% of the company's latest audited net assets, of which the balance of guarantees provided by the company to its subsidiaries within the scope of consolidated statements is 54.799 billion yuan.
1. Overview of the guarantee
(1) The new guarantee in the current period
In order to meet the needs of the company's production and operation and working capital turnover, before ensuring that the operation is standardized and the risk is controllable
As mentioned below, the Company and its subsidiaries during the period from December 1, 2024 to December 31, 2024, the Company
The cumulative amount of guarantees (including the guarantees made to the Company by subsidiaries within the scope of the Company's consolidated statements) was RMB1.658 billion, accounting for 5.26% of the Company's latest audited net assets. For details, please refer to Annex I "Days".
Guarantee Details of Heguang Co., Ltd. from December 1, 2024 to December 31, 2024".
(2) Internal decision-making procedures for the performance of guarantees
On December 27, 2023, the company held the 48th meeting of the second board of directors and the second session of supervisors
The 38th meeting of the meeting, the first extraordinary general meeting of shareholders in 2024 will be held on January 12, 2024
The "Proposal on the Company's Application for Comprehensive Financing Quota and Provision of Guarantee in 2024" was deliberated and approved, agreeing that the Company and its subsidiaries intend to apply for a total credit limit of no more than RMB139 billion (or equivalent in foreign currency) from banks, insurance companies, financial leasing companies and other financial institutions, involving an external guarantee limit of no more than RMB115.5 billion. Among them, the applicant company and its subsidiaries provide guarantees for entities outside the scope of the consolidated statements according to their shareholding ratios, and the rest are guarantees for the company and its subsidiaries within the scope of the consolidated statements. The actual guarantee amount is subject to the final signed and executed guarantee contract or the approval of the financial institution. The general meeting of shareholders of the company authorizes the company's legal representative or financial person in charge and its authorized persons to handle the specific matters of the financing and guarantee within the scope of the comprehensive financing quota and guarantee amount according to the needs of the company's actual business situation. Specific matters such as the guarantee method and guarantee period shall be subject to the guarantee agreement signed between the company and banks and other financial institutions.
This guarantee is within the scope of the guarantee amount approved by the above-mentioned general meeting of shareholders, and there is no need to perform the deliberation procedures of the board of directors or the general meeting of shareholders again.
2. Basic information of the guarantor
For the basic information of the guarantor, please refer to Appendix 1 "Trina Solar Co., Ltd. December 1, 2024".
Details of the guarantee as of December 31, 2024", Annex II "Financial Information of the Guarantor".
3. The necessity and reasonableness of the guarantee
The above-mentioned guarantee items are to ensure that the production and operation needs of the company and its subsidiaries are combined with the current business situation, in line with the actual needs of the company's overall production and operation, and help meet the company's daily capital use and business scope needs. Among the minority shareholders of the company's holding subsidiary, if the guaranteed object is a non-wholly-owned holding subsidiary, the company requires other shareholders other than the company to provide guarantee according to the proportion of shareholdings or other shareholders to provide counter-guarantee to the company according to the proportion of shareholding while the company provides 100% guarantee. Due to the strict approval procedures for external guarantees by state-owned shareholders, the remaining minority shareholders have no ability to provide guarantees, and the company has full control over the holding subsidiaries, and the company has overall controllable guarantee risks.
As of the disclosure date of this announcement, the balance of external guarantees of the company and its subsidiaries within the scope of the consolidated statements was 57.177 billion yuan, accounting for 181.39% of the company's latest audited net assets, of which the balance of guarantees provided by the company to the subsidiaries within the scope of the consolidated statements was 54.799 billion yuan. As of the disclosure date of this announcement, the company has not provided guarantees to the controlling shareholders and actual controllers and their affiliates, and there is no overdue guarantee.
The announcement is hereby made.
Board of Directors of Trina Solar Co., Ltd
January 3, 2025
Appendix 1: Details of Trina Solar's Guarantee for the period from December 1, 2024 to December 31, 2024
Unit: 10,000 yuan
The guarantor is involved in whether or not it is involved
Preface Legal Representative Guarantee for the current period
Guarantor Business Scope Guarantor of Listed Company Financial Institutions Currency Guarantee Method Guarantee Term and Counterburden
Number of persons and directors
Relationship Insurance
General items: optoelectronic device manufacturing; photovoltaic equipment and components manufacturing; Electronic specialty
manufactured from materials; solar power generation technical services; sales of photovoltaic equipment and components;
Technical services, technology development, technical consultation, technology exchange, technology transfer, technology
Abc
Trina Solar (Qinghai) Optoelectronics Promotion; sales of special electronic materials; technology import and export; import and export of goods; Non-residential Trina Solar Co., Ltd. Joint and several liability guarantee 2024/12/6-2025
1 Miao Chengxiang Wholly-owned subsidiary Co., Ltd. RMB 24,000 No
Limited Company Real Estate Leasing (Except for projects subject to approval in accordance with the law, with a business license in accordance with the law independent company guarantee /12/5
Xining Branch
to carry out business activities). Licensed items: power generation business, transmission business, supply (distribution)
Electricity business (projects subject to approval in accordance with the law can only be carried out after approval by relevant departments.)
business activities, specific business projects are subject to the approval results).
Leonardo
Lotti,Jose Natixis,
Trina Solar (Spain) is principally engaged in the construction and installation of solar photovoltaic power plants, as well as the joint and several liability guarantee of Trina Solar Co., Ltd. 2024/12/3-2025
2 Maria's wholly owned subsidiary, Shanghai USD 2,500 No
Systems S.L.U. Camp Maintenance and Other Companies Guarantee /12/3
Fernandez Branch
Chaves
manufacturing, research, design and technical services of energy storage system equipment and accessories; Power generation distribution
Assembly, integration, sales, installation, maintenance and technical services of system equipment and accessories Agricultural Bank of China
Jiangsu Trina Energy Storage Co., Ltd. Trina Solar Co., Ltd. Joint and Several Liability Guarantee 2024/12/30-202
3 Gao Ji Fan; Self-management and agency of import and export business of various commodities and technologies, state-limited enterprises Holding subsidiary Co., Ltd. RMB 24,000 is
Company Guarantee 5/12/29
Except for commodities and technologies that are operated or prohibited from being imported or exported. (Projects subject to approval in accordance with the law, Changzhou Xinbei Branch.)
Business activities can only be carried out after approval by relevant departments)
R&D, manufacturing and sales of solar modules; R&D and manufacturing of photovoltaic derivatives,
Sale; technical consultation, technical services and sales of photovoltaic products; Solar photovoltaic hair
Bank of Communications shares
installation and commissioning of electrical system equipment; construction, commissioning and maintenance of solar photovoltaic power stations; Trina Solar Co., Ltd. Joint and Several Liability Guarantee 2024/12/9-2025
4 Trina Solar (Yiwu) Technology Wu Jianfeng Holding Subsidiary Co., Ltd. Yiwu RMB 20,000 No
Self-management and agency of import and export business of various commodities and technologies, but the state restricts the company to be guaranteed by the company /12/9
Ltd. Branch
Except for commodities and technologies that are prohibited from being imported or exported. (Projects subject to approval in accordance with the law, by.)
Business activities can only be carried out after approval by relevant departments)
General projects: photovoltaic equipment and components manufacturing; Technical services, technology development, technology
technology consultation, technology exchange, technology transfer, technology promotion; battery manufacturing; Battery sales Huaxia Bank shares
Trina Solar (Yancheng Dafeng) Trina Solar Co., Ltd. Joint and several liability guarantee 2024/10/15-202
5 Wu Jianfeng for sale; sales of photovoltaic equipment and components; photovoltaic power generation equipment leasing; Solar Power Holding Subsidiary Co., Ltd. Yancheng RMB 20,000 No
Ltd. Company Guarantee 5/10/12
technical services; import and export of goods; technology import and export; Import and export agency (according to the law must be approved by the branch.)
Quasi-projects, business activities can only be carried out after approval by relevant departments)
Research and development of solar power generation systems, heat pumps, energy storage system equipment and accessories, and mechanical and electrical equipment
development, manufacturing, sales, installation, maintenance and technical services; Distributed energy projects
development, design, construction, operation management; Distributed energy technology development and technical consultation
consulting, technology promotion, technology transfer, technical services; Import and export of goods or technology (country
Except for the import and export of goods and technologies that are prohibited or involve administrative approval); System integration
Trina Fujia Energy Co., Ltd. has Shanghai Trina Fujia Energy Xiamen International Bank Joint and Several Liability Guarantee 2024/12/3-2025
6 Zhang Bing, Software Development; energy contract; Engaged in solar power generation in the form of e-commerce Holding subsidiary RMB 10,000 No
Limited Company Limited Company Limited Company Limited Guarantee /12/9
sales of systems, heat pumps, energy storage system equipment and accessories; electricity sales; heat supply;
Carbon emission allowance sales. (For projects subject to approval in accordance with the law, they will be approved by relevant departments.)
Can carry out business activities) Licensed items: Class II value-added telecommunications services (subject to law
The approved project can only be carried out after being approved by the relevant departments, and the specific operation can be carried out
The project is subject to the approval result)
Licensed items: power generation business, transmission business, power supply (distribution) business (subject to law.)
The project approved by Changzhou Luze New Energy Co., Ltd. can only carry out business activities after approval by relevant departments, and the specific operation of Tianhe Fujia Energy Co., Ltd. Industrial Financial Leasing Joint and Several Liability Guarantee 2024/12/13-203
7 Tao Wenhao Holding subsidiary RMB 30,048 No
The company's projects are subject to the approval results) General projects: technical services, technology development, technology Co., Ltd. Limited Liability Company Guarantee 3/12/12
consultation, technology exchange, technology transfer, technology promotion; Photovoltaic equipment and component pins
Sell; solar power generation technical services; project management services; Energy Management Contracts (except)
Except for projects subject to approval in accordance with the law, independently carry out business activities with a business license in accordance with the law)
General Projects: Energy Management Contracts; solar power generation technical services; Technical Services,
technology development, technical consultation, technology exchange, technology transfer, technology promotion; Information
consulting services (excluding licensing information consulting services); Photovoltaic equipment and component pins
Sell; sales of solar thermal power generation products; sales of solar thermal utilization equipment; goods in
Sichuan Juxing Energy Management has exports. (Except for projects that must be approved in accordance with the law, independently carry out the joint and several liability guarantee of Tianhe Fujia Energy Co., Ltd. CMB Financial Leasing with a business license 2024/12/10-202.)
8 Wen Li Holding subsidiary RMB 15,234 No
Limited to the company's business activities) licensed projects: construction projects; construction engineering design; Transmission, Ltd. Limited Guarantee 5/6/10
installation, maintenance and testing of power supply and receiving power facilities; electrical installation services; build
construction labor subcontracting; Power supply business. (Projects subject to approval in accordance with the law shall be approved by relevant departments.)
Business activities can only be carried out after approval, and specific business projects are subject to the approval documents of relevant departments
or the license shall prevail)
General projects: R&D of emerging energy technologies; solar power generation technical services; Photovoltaic design
equipment and component sales; energy contract; Technical services, technology development, technology
consultation, technology exchange, technology transfer, technology promotion; Sales agents (except licensing business
Changzhou Fuyuan New Energy Co., Ltd. Tianhe Fujia Energy Co., Ltd. Suyin Financial Leasing Joint and several liability guarantee 2024/12/19-202
9 Lv Lijie In addition to business, he can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law) License items Holding subsidiary RMB 4,544 No
Company Limited Company Limited Company Guaranteed 9/12/19
Purpose: power generation business, power transmission business, power supply (distribution) business; Power supply business (according to law
For projects subject to approval, business activities can only be carried out after approval by relevant departments, specifically
The business project is subject to the approval documents or licenses of the relevant departments)
(Reference December 31: USD7.1884) is equivalent to a total of 165,797 yuan
Note 1: Due to the rolling use of part of the credit guarantee line within the scope of the credit guarantee line approved by the board of directors and the general meeting of shareholders, the inconsistency between the internal approval time of the financial institution and the maturity date of the original credit line will lead to the guarantee period shown in the above table for some guarantees
The start time is inconsistent with the signing time.
Appendix II: Financial situation of the guarantor
Unit: 10,000 yuan
Preface Total Assets Total Liabilities Net Assets Operating Income Net Profit Non-net Profit Deducted Non-Net Profit
No. Guaranteed Currency 2023 2024 1-9 2023 2024 1-9 2023 2024 1-9
2023.12.31 2024.9.30 2023.12.31 2024.9.30 2023.12.31 2024.9.30 Month, Month, Month
Trina Solar people
1 (Spain) Systems Coin 107,926.68 123,870.02 84,968.99 105,393.23 22,957.69 18,476.78 2,947.63 1,057.59 -1,049.59 -4,240.87 -1,049.59 -4,240.87
S.L.U
2 Trina Solar (Qinghai) People's 146,980.14 96,608.98 126,128.82 89,094.12 20,851.32 7,514.86 37,931.82 80,875.27 -8,106.30 -22,113.61 -8,199.29 -22,113.78
Electricity Co., Ltd. currency
3 Jiangsu Trina Energy Storage Co., Ltd. People 319,713.12 499,909.10 220,016.60 304,055.47 99,696.53 195,853.64 216,317.04 148,553.04 1,597.51 -18,728.21 1,390.47 -18,836.90
Company currency
4 Trina Solar (Yiwu) Branch People 638,478.69 536,348.96 368,999.09 287,103.26 269,479.60 249,245.70 937,787.72 344,149.95 30,007.65 -4,356.87 29,761.77 -5,544.89
Technology Co., Ltd. currency
5 Trina Solar (Yancheng People's 491,406.21 368,099.77 317,674.24 217,182.15 173,731.98 150,917.62 1,041,405.05 391,838.01 33,303.96 -11,085.46 32,736.23 -12,086.86
Feng) Co., Ltd. currency
6 Trina Fujia Energy Co., Ltd. 923,044.45 970,292.45 460,928.19 505,312.45 462,116.26 464,980.00 1,615,141.65 481,062.26 42,915.07 48,833.36 41,665.67 38,192.03
Ltd. Currency
7 Changzhou Luze New Energy has people - 174,944.99 - 173,167.79 - 1,777.20 - 7,195.15 - 1,777.20 - 1,777.20
Limited to corporate currency
8 Sichuan Juxing Energy Management People 656,774.86 763,640.69 604,737.05 706,345.93 52,037.81 57,294.76 483,654.92 822,072.93 41,787.33 10,502.04 36,912.41 9,832.36
Ltd. Currency
9 Changzhou Fuyuan New Energy has People's - 101,451.29 - 100,089.19 - 1,362.10 - 4,403.88 - 1,362.10 - 1,359.50
Limited to corporate currency
Note: The above financial data are of the parent company.
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