研究发现，上海在经济基础、人力资本、交通枢纽、数字化建设与科技创新方面表现亮眼，但在宜居 性、绿色低碳、社会包容性与治理效能等"软支撑"维度仍有提升空间。研究为城市管理者提供了全球参 照体系下优化城市功能、提升全球竞争力的实证支撑与决策参考。 表1 五大榜单最新排名情况（TOP20） | 榜单 | 智慧城市指数 | 城市动能指数 | 牛津经济研究院 | 科尔尼全球 | 全球城市综合 | | --- | --- | --- | --- | --- | --- | | 排名 | 2025 | 2025 | 全球城市指数 2025 | 域市指数 2024 | 实力指数 2024 | | -1 | 苏黎世 | 伦敦 | 纽约 | 细约 | 伦敦 | | 2 | 奥斯陆 | 纽约 | 伦敦 | 伦敦 | 纽约 | | 3 | 目内瓦 | 巴黎 | 巴黎 | 巴黎 | 东京 | | র্বা | 通拜 | 东京 | 圣何塞 | 东京 | 巴黎 | | 5 | 阿布扎比 | 柏林 | 西雅图 | 新加坡 | 新加坡 | | 6 | 伦敦 | 华盛顿 | 墨尔本 | 北京 | 商尔 | | 7 | 哥本哈根 | 哥本哈根 | ...

Core Viewpoint - Zhuzhou Urban Construction Development Group Co., Ltd. received an "AA+" rating from United Ratings for its 2021 second phase medium-term notes, indicating strong creditworthiness and operational stability [1]. Company Overview - The company is a key urban comprehensive service operator in Zhuzhou, primarily engaged in urban infrastructure construction such as roads, bridges, and pipelines, as well as land development [2]. - It maintains a regional monopoly in public utility operations, including water and gas services [2]. Economic Environment - Zhuzhou is a core city in the Chang-Zhu-Tan metropolitan area, characterized by distinct industrial advantages. The city's GDP and general public budget revenue are expected to grow year-on-year in 2024, providing a favorable external development environment for the company [2]. Business Performance - The company experienced a year-on-year increase in main business revenue and a slight improvement in gross profit margin in 2024, with diversified income sources [2]. - Ongoing infrastructure projects require significant investment, and revenue realization is influenced by construction progress, operational conditions, and government funding arrangements [2]. - The land consolidation service business is highly dependent on government planning and market demand, leading to revenue realization uncertainties [2]. - Real estate sales revenue and gross profit margin have shown a year-on-year recovery, although future sales depend on market conditions and regional regulatory factors [2]. - The commodity sales business is steadily developing, and the company has a substantial amount of contracts for ongoing and planned construction projects, indicating strong business continuity [2]. Financial Analysis - The company has a high proportion of receivables and inventory, which significantly occupies funds and poses liquidity risks [2]. - The structure of owners' equity is relatively stable, but total debt has increased compared to the previous year, leading to a heavier overall debt burden [2]. - A high proportion of bond financing and concentrated short-term debt repayment pressures are present [2]. - Government subsidies and investment income significantly contribute to the company's total profit, with overall profitability indicators appearing strong [2]. - Debt repayment indicators are weaker, but the risk of liabilities is considered controllable, with smooth indirect financing channels [2].