Securities code: 600823 securities abbreviation: Shanghai Shimao Co.Ltd(600823) Announcement No.: pro 2021-073 bond Code: 155142 bond abbreviation: 19 Shimao G1
Bond Code: 155254 bond abbreviation: 19 Shimao G2
Bond Code: 155391 bond abbreviation: 19 Shimao G3
Bond Code: 163216 bond abbreviation: 20 Shimao G1
Bond Code: 163644 bond abbreviation: 20 Shimao G2
Bond Code: 175077 bond abbreviation: 20 Shimao G3
Bond Code: 175192 bond abbreviation: 20 Shimao G4
Shanghai Shimao Co.Ltd(600823)
Announcement on credit rating outlook adjustment
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
The company’s credit rating, main body and debt rating remained AAA without adjustment, and only the rating outlook was adjusted to negative.
The adjustment of the company’s credit rating outlook will not affect the maturity time of the company’s bonds. All the company’s open market bonds have been cashed normally on schedule.
1、 Rating adjustment
(i) Name of rating agency
United credit rating Co., Ltd. (hereinafter referred to as “united credit”)
（2） Adjustment object:
The objects of this adjustment are “19 Shimao G1”, “19 Shimao G2”, “19 Shimao G3”, “20 Shimao G1”, “20 Shimao G2”, “20 Shimao G3”, “20 Shimao G4”, “19 Shanghai Shimao mtn001”, “20 Shanghai Shimao mtn001”, “21 Shanghai Shimao mtn001″ issued by Shanghai Shimao Co.Ltd(600823) (hereinafter referred to as ” Shanghai Shimao Co.Ltd(600823) “, “the company” or “the company”) “21 Shanghai Shimao mtn002”, “20 Shanghai Shimao ppn001”, “20 Shanghai Shimao ppn002” rating outlook.
（3） Adjusted rating conclusion
The announcement of united credit rating Co., Ltd. on adjusting Shanghai Shimao Co.Ltd(600823) rating outlook issued by united credit will determine to maintain the long-term credit rating of the company’s main body as AAA, and maintain “19 Shimao G1”, “19 Shimao G2”, “19 Shimao G3”, “20 Shimao G1”, “20 Shimao G2”, “20 Shimao G3”, “20 Shimao G4”, “19 Shanghai Shimao mtn001” The credit rating of “20 Shanghai Shimao mtn001”, “21 Shanghai Shimao mtn001”, “21 Shanghai Shimao mtn002”, “20 Shanghai Shimao ppn001” and “20 Shanghai Shimao ppn002” is AAA, and the rating outlook is adjusted to negative.
2、 Impact analysis and Countermeasures
The adjustment of the company’s credit rating outlook by the joint credit will not affect the maturity time of the company’s open market bonds during the duration.
At present, the company’s production and operation activities are normal. In the first three quarters of 2021, the company’s total operating revenue was 15.07 billion yuan, a year-on-year increase of 25.46%, and the net profit attributable to the shareholders of the parent company was 1.190 billion yuan, a year-on-year increase of 10.06%. By the end of November 2021, the company had achieved a sales contract amount of about 28.2 billion yuan, a year-on-year increase of 10%.
The amount of the company’s open market bonds due in the first quarter of 2022 is about RMB 3.35 billion. All along, the company’s open market bonds have been cashed normally on schedule. The company will strengthen the management of project sales collection, adjust the debt structure and other ways to ensure the normal development of production and operation, ensure the normal payment and interest payment of various bonds, and safeguard the legitimate rights and interests of creditors and investors.
The company solemnly reminds investors: Shanghai Securities News, securities daily and Shanghai Stock Exchange（ http://www.sse.com..cn. ）For the information disclosure media selected by the company, all information of the company shall be subject to the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.
It is hereby announced.
Shanghai Shimao Co.Ltd(600823) board of directors
December 30, 2021
