

Group 1 - The company Shenzhen Zhenye (Group) Co., Ltd. has issued two bonds, "23 Zhenye 01" and "23 Zhenye 02," with a total issuance amount of 1 billion RMB each, aimed at professional investors [4][5] - The company reported a historical high revenue of 6.065 billion RMB in the past year, with a significant increase in property sales revenue, which reached 5.901 billion RMB, a year-on-year increase of 122.80% [12][14] - The company's asset-liability ratio decreased from 71% to 67%, indicating improved financial stability [11][12] Group 2 - The company has actively engaged in various real estate development projects, with a total developed area exceeding 10 million square meters, and has expanded into areas such as urban services and commercial operations [11][12] - The company has successfully completed the sale of existing assets, achieving a contract signing amount of 4.234 billion RMB, exceeding its annual target [12][13] - The company has maintained a stable credit rating of AA, with its bonds rated AAA, reflecting strong creditworthiness [21][29] Group 3 - The company has implemented a robust debt repayment mechanism, with all principal and interest payments on its bonds made on time, indicating a normal repayment willingness [20][30] - The company has established a special account for the use of raised funds, ensuring compliance with regulations and proper fund allocation [17][18] - The company has not encountered any major adverse changes in its credit enhancement mechanisms or debt repayment plans during the reporting period [24][25]