AUCMA(SH:600336) Sou Hu Cai Jing·2025-07-09 09:35Core Viewpoint - The credit rating agency, China Chengxin International, has assigned an "AA" rating to Qingdao Aucma Holdings Group Co., Ltd, highlighting its strong market competitiveness in the refrigeration industry and the benefits of its recent consolidation with Qingdao Hai'ao Chip Industry Development Co., Ltd [1][2]. Group 1 - The company has a complete refrigeration industry chain and possesses several core refrigeration technologies, which contribute to its competitive edge in the market [1]. - The quality of customers in the commercial cold chain sector is noted to be superior, enhancing the company's market position [1]. - The inclusion of Hai'ao Chip Industry in the consolidated financials is expected to improve the company's equity and financial leverage indicators [1]. Group 2 - The company was established in January 2017 with a registered capital of 970 million yuan, and its controlling shareholder changed to Haifa Group in February 2021 [2]. - The main business areas of the company include refrigeration appliances, household appliances, washing machines, and air conditioners, with total revenue of 13.207 billion yuan in 2024 [2]. - China Chengxin International anticipates that the credit level of Qingdao Aucma Holdings will remain stable over the next 12 to 18 months [2].