Core Viewpoint - Changchun Urban Development Investment Holding (Group) Co., Ltd. has been rated "AAA" by China Chengxin International, reflecting its strong economic and financial capabilities as the capital city of Jilin Province, with significant government support expected in the future [1][3]. Group 1: Company Overview - Changchun Urban Development Investment Holding (Group) Co., Ltd. was established in September 2013 as a large state-owned enterprise with an initial registered capital of 5 billion yuan, which has increased to 5.022 billion yuan by March 2025 [2]. - The company is the largest local state-owned enterprise group in Changchun and plays a crucial role in urban infrastructure investment and financing [2]. - The company focuses on industrial investment and services for the real economy, aligning with the modern industrial system construction in Changchun [2]. Group 2: Business Operations - The company’s core business areas include infrastructure construction, affordable housing development, urban renewal, village renovation, urban gas, real estate development, and state-owned asset management [2]. - In 2024, the company plans to add a new urban gas business, which is expected to provide stable cash flow through gas and pipeline leasing [1][2]. Group 3: Credit Rating and Outlook - China Chengxin International anticipates that the credit level of Changchun Urban Development Investment Holding (Group) Co., Ltd. will remain stable over the next 12 to 18 months [3].