Shanghai Dazhong Public Utilities : DAZHONG PUBLIC UTILITES HAS ONCE AGAIN BEEN AWARDED THE AAA CREDIT RATING

About this update from Shanghai Dazhong Public Utilities (group) Co., Ltd. Class A

Recently, after a comprehensive evaluation by the domestic authoritative credit rating agency China Cheng Xin International, the Company's main credit rating is AAA, and the outlook is stable. This credit rating is valid from April 30, 2024, to April 29, 2025. China Cheng Xin International has acknowledged the Company's significant advantages, including the prominent regional advantages of gas businesses, stable and sufficient gas supply, highly liquid financial equity and stock assets including Shenzhen Capital Group, and adequate available bank credit capacity. In 2024, under the leadership of the Board, the Company adhered to its established development strategy, focus on the various business management goals set at the beginning of the year, deeply implement key projects, actively expand new business, promote continuous optimization of business structure, and overall work will show a positive and favorable trend. The Company has been rated AAA for eight consecutive years by China Cheng Xin International, indicating the full recognition of the Company's comprehensive strength, assets quality, credit, operating profits and good development prospects. This is beneficial for the Company to further expand financing channels, optimize financing structure, reduce financing costs, and enhance core competitiveness and market influences.

View stock analysis, news, and events for Shanghai Dazhong Public Utilities (group) Co., Ltd. Class A