2025年湘潭电化科技股份有限公司向不特定对象发行可转换公司债券跟踪评级获“AA”评级

Core Viewpoint - The rating agency China Chengxin International has maintained an "AA" rating for Xiangtan Electric Chemical Co., Ltd. regarding its convertible bond issuance, reflecting the company's strong market position and financial stability [1] Group 1: Company Performance - Xiangtan Electric Chemical is recognized as a leading enterprise in the electrolytic manganese dioxide industry, maintaining a leading market share in manganese battery business during the tracking period [1] - The company's operating profit has seen a slight increase, while its debt scale has been continuously decreasing, indicating improved financial leverage [1] Group 2: Financial Stability - The company has sufficient bank credit lines and smooth financing channels, which support its credit level [1] - The credit level of Xiangtan Electric Chemical is expected to remain stable over the next 12 to 18 months [1] Group 3: Market Risks - The agency has noted significant price fluctuations in raw materials and main products, as well as changes in investment income, which could impact the company's profitability stability [1] - The industry is facing an oversupply situation, which may affect the future market development of the company's main products [1] - The potential impact of the returns from the projects funded by the convertible bonds on the company's operations and overall credit status is also a concern [1]