据介绍，申华控股始终以"主营业务高质量发展，剥离盈利无望的亏损企业"为主线。但对零营收子公司 的处置需区分情况：若子公司仍持有牌照、技术或战略资源，可能通过转型、重组盘活价值；若符合注 销条件（如无债务纠纷、完成清算），将依法推进注销、转让等程序。 申华控股在本次业绩说明会上表示，报告期内，公司综合考虑整车市场波动，积极采取应对措施，精准 把握市场动态，通过调节奏、强服务、扩渠道等有效措施，全力抢占市场份额，实现销售收入同比略有 增长。净利润方面，由于上年同期收到债权受偿款较多，冲回了信用减值损失，利润增加，本期无此类 情况。剔除上述因素后，本期在市场及主机厂双重压力下，努力控本增效，维持了利润水平的总体稳 定。 在谈及公司未来盈利增长的主要驱动因素时，申华控股表示，首先，公司正在持续清理亏损及非盈利业 务，通过降低运营成本，优化资产负债情况，减少经营负担；其次，在努力稳定现有主业的同时，公司 也在积极布局，与具有发展潜力的先进产业合资合作；最后，寻求具有稳定盈利能力、符合"十五五"发 展方向的优质标的进行投资，促进公司尽早实现转型升级，实现盈利增长。 申华控股（600653）12月2日召开2025年第三季度 ...

Core Viewpoint - Shandong Port Investment Holding Co., Ltd. has been assigned an "AA+" rating by China Chengxin International, reflecting its strong shareholder background and robust financial performance, despite some concerns regarding high credit business concentration and rising debt levels [1][2]. Group 1: Rating and Financial Performance - The company maintains its previous rating due to strong shareholder support and effective financial service capabilities through its financial sector [1]. - Recent years have shown good profitability for the company, contributing positively to its overall operational and credit standing [1]. Group 2: Risks and Future Outlook - There are concerns regarding the high concentration of credit-related businesses and the fact that the industrial investment business has not yet completed a full investment cycle [1]. - The company’s debt levels have been continuously rising, which poses potential challenges to its operational and credit conditions [1]. - China Chengxin International expects the company's credit level to remain stable over the next 12 to 18 months [2].

Group 1 - The core viewpoint of the news is that Changshu Development Investment Co., Ltd. has received an "AA+" rating from China Chengxin International, indicating strong economic and financial strength and growth potential [1] - The company is recognized as a significant state-owned capital investment management entity for Changshu City, maintaining a close relationship with the local government [1][2] - The investment management business of the company is expected to stabilize, with good asset quality and strong refinancing capabilities [1] Group 2 - Changshu Development Investment Co., Ltd. was established in October 2000 and became a wholly state-owned company in January 2006, under the supervision of the Changshu Municipal Government [2] - As of March 2025, the company's registered and paid-in capital is 7.884 billion yuan, fully owned by Changshu State Capital Investment Operation Group Co., Ltd. [2] - The company's business scope includes commercial property leasing, real estate sales, grain and oil trading, and quasi-financial services [2]