002736SZSE

Credit Rating Report for Guo Xin Securities Co., Ltd. 2026 Public Issuance of Corporate Bonds (Phase IV)

Guosen Securities Co., Ltd.··24 pages

✨ AI Summary

This document presents the credit rating report for Guo Xin Securities Co., Ltd.'s public issuance of corporate bonds aimed at professional investors in 2026. The bonds are expected to raise up to 30 billion yuan. The report outlines the company's financial projections and risk assessments, indicating a stable outlook for the issuance.

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Full Translation

AI Translation· azure_openai

Statement

This credit rating is based on the evaluation of Guo Xin Securities Co., Ltd. (hereinafter referred to as "the Company"). The rating reflects the Company's ability to meet its financial obligations and the stability of its operations.

The rating agency has conducted a thorough analysis of the Company's financial status and operational capabilities, and the rating reflects the Company's overall creditworthiness.

The rating is based on the Company's financial health, operational performance, and market position. The rating agency believes that the Company will maintain its credit quality over the next 12-18 months.

Rating Assignment

Based on relevant regulations and the rating agency's internal assessment protocols, the rating agency will conduct ongoing monitoring of the rating results.

The rating agency will provide timely updates on any changes to the rating and will notify the Company of any significant developments that may affect its credit rating.

Issuer and Rating Results

Issuer and Rating ResultsRating
Guo Xin Securities Co., Ltd.AAA/Stable

Issuance Requirements

The bonds will be issued in a total amount not exceeding 30 billion yuan (including 30 million yuan). The bonds will be issued in two varieties, with a maturity of three years.

Rating Opinions

The rating agency believes that the Company will maintain a stable financial position and operational performance.

Financial Overview

YearTotal Assets (Million Yuan)Equity (Million Yuan)Revenue (Million Yuan)Net Profit (Million Yuan)
20234,629.601,104.60821.40173.17
20245,015.061,186.92742.78188.31
20255,767.721,405.00810.31241.43
20265,935.01[blank][blank][blank]

Investment Banking Segment

In 2025, the company plans to enhance its investment banking services, focusing on high-quality development objectives, promoting core business expansion, and deepening collaboration with various sectors. The investment banking business is expected to grow significantly, with a projected increase of 26.58% to 32.72%. By 2025, the company aims to achieve a total revenue of 2,576.54 million yuan, with the investment banking segment contributing 1,046.30 million yuan. The projected revenue for 2025 is as follows:

YearTotal Revenue (Million Yuan)Investment Banking Revenue (Million Yuan)Growth Rate (%)
20232,199.77548.31[blank]
20242,419.17667.77[blank]
20252,576.541,046.30[blank]

Securities Brokerage Business

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