On October 16, 2026, Ningbo Tuopu Group Co., Ltd. (601689.SH) announced (announcement No. 2026-061) that it plans to provide a joint and several liability guarantee for the credit facility applied for by its Mexican subsidiary, Tuopu Group Mexico, from China Merchants Bank Co., Ltd. Ningbo Branch. The facility carries a maximum amount of RMB 500 million over a 36-month period. On the same day, the company’s first meeting of the sixth board of directors approved the proposal on providing guarantee for the overseas subsidiary with 9 votes in favor, 0 against and 0 abstentions.
According to the announcement, Tuopu Group Mexico was registered on October 3, 2022, with its plant located in the state of Nuevo León, Mexico, and registered capital of 245.5979 million Mexican pesos(about US$13.34 million). Its business scope covers the research, development, production and sale of automotive parts, the manufacture and sale of molds and equipment, and the import and export of equipment, raw materials, products, technology and services. Tuopu Group holds 99% of the subsidiary, while its wholly owned subsidiary Ningbo Tuopu Electromechanical Import and Export Co., Ltd. holds the remaining 1%.
Financially, as of September 30, 2026, Tuopu Group Mexico reported total assets of RMB 3.406 billion and net assets of RMB 1.277 billion. For the first nine months of 2026 it recorded operating revenue of RMB 1.411 billion and net profit of RMB 14.852 million, compared with a full-year net loss of RMB 29.191 million in 2025. The announcement states that the plant is currently in a capacity ramp-up phase and is continuously expanding its North American customer base, and that the guarantee is intended to meet working capital needs for daily operations and the expansion stage.
The announcement also discloses that, as of its date, the total amount of guarantees provided by the company and its controlled subsidiaries stood at RMB 1.0643332 billion, equivalent to 4.39% of the company’s most recent unaudited net assets as of June 30, 2026, with no overdue guarantees. It notes that the guarantee falls within the quota approved at the company’s third extraordinary shareholders’ meeting of 2026 and therefore does not require further shareholder approval.
点击阅读原文Click here to get the original content
点击查看公司公告Click to view the Company’s document
MEXCHAM continues building bridges between Mexico and China.
中国墨西哥商会将继续作为墨西哥与中国之间的桥梁，不断努力。
Cámara de Comercio de México en China
(MEXCHAM)中国墨西哥商会
www.mexcham.org
bj.info@mexcham.org
