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United International assigns Huijing Holdings Co., Ltd. a "B+" international long-term issuer rating, with a positive rating outlook

United International assigns Huijing Holdings Co., Ltd. a "B+" international long-term issuer rating, with a positive rating outlook

  • Categories:News
  • Time of issue:2021-05-13
  • Views:0

(Summary description)On June 16, 2021, United Ratings International Co., Ltd. (hereinafter referred to as "United International") announced in Hong Kong that it has granted Huijing Holdings Co., Ltd. (stock code 9968.HK) (hereinafter referred to as "Huijing Holdings") the "B+" International long-term issuer ratings, and the rating outlook is positive. This issuer's rating reflects the track record of Huijing Holdings' contracted sales growth, the gradual realization of a geographically diversified land bank, and above-average profitability.

United International assigns Huijing Holdings Co., Ltd. a "B+" international long-term issuer rating, with a positive rating outlook

(Summary description)On June 16, 2021, United Ratings International Co., Ltd. (hereinafter referred to as "United International") announced in Hong Kong that it has granted Huijing Holdings Co., Ltd. (stock code 9968.HK) (hereinafter referred to as "Huijing Holdings") the "B+" International long-term issuer ratings, and the rating outlook is positive. This issuer's rating reflects the track record of Huijing Holdings' contracted sales growth, the gradual realization of a geographically diversified land bank, and above-average profitability.

  • Categories:News
  • Time of issue:2021-05-13
  • Views:0
Information

On June 16, 2021, United Ratings International Co., Ltd. (hereinafter referred to as "United International") announced in Hong Kong that it has granted Huijing Holdings Co., Ltd. (stock code 9968.HK) (hereinafter referred to as "Huijing Holdings") the "B+" International long-term issuer ratings, and the rating outlook is positive. This issuer's rating reflects the track record of Huijing Holdings' contracted sales growth, the gradual realization of a geographically diversified land bank, and above-average profitability.

The outlook positively reflects United International’s expectation of Huijing Holdings that the company will maintain its contracted sales growth and deliver planned projects while appropriately expanding its business scale and diversifying its land bank. In addition, it is expected that Huijing Holdings will participate The urban renewal project will help the company expand its land bank and maintain its contracted sales growth and profitability in the medium term.

Since 2020, unfavorable factors such as the impact of the epidemic, increased regulation, and tightening of financing have brought severe challenges to the industry. The performance reached a new high, achieving annual contracted sales of approximately RMB 7.71 billion in 2020, a year-on-year increase of approximately 75.5%, a year-on-year increase of 19.4% in net profit, and a net profit rate of 14.4%. The annual performance has improved significantly.

Keep track of new trends in the country's development and seize new value highlands in the Bay Area

After 17 years of refinement, Huijing Holdings has always taken a strategic, overall, and forward-looking vision to pulse the new development trend of the country, forming a "real estate development as the main business, urban renewal as the core, cultural, tourism, health, and scientific research. Creating an industry is a business structure with two-wing coordinated development" and adheres to the layout strategy of "deeply plowing Dongguan, based in the Greater Bay Area, and focusing on the development of high-value-added cities in East China and the middle of China".

At the same time, taking advantage of the development trend of the Greater Bay Area, grasping the blue ocean opportunities of the stock era, actively promote the new pattern of urban renewal and development in the Bay Area, and give new vitality to the city through urban renewal, advance with the times and grow together with the city. At present, Huijing Urban Renewal Group has comprehensively deployed urban renewal projects in high value-added areas such as Dongguan Shuixiang District, Binhai District, Songshan Lake District, Eastern District, and Linshen District. It is initiating formal procedures for 3 urban renewal projects and relevant government agencies. Formal discussions on the acquisition of relevant land, 7 projects have obtained pre-service providers, and 9 urban renewal projects are in the process of obtaining pre-service provider qualifications or advancing the progress of land acquisition. The number of projects is among the top enterprises in Dongguan, with abundant high-quality land reserves and potential for value-added Highlight.

Eight years of industry precipitation, enjoy the reputation of "urban renewal expert"

Huijing Holdings started the urban renewal business in 2013. With the rapid development of the urban renewal business, Huijing Urban Renewal Group was formally established in 2020. With eight years of industry experience, fine-tuned business skills, and an excellent team, Huijing Holdings enjoys the reputation of "urban renewal expert" in the Dongguan industry, writing a new chapter for the city.

Huijing Urban Renewal Group has a professional team of more than 100 people. The team members have rich experience in real estate industry, working background in government and consulting companies, forming a professional technical service team for surveying and mapping, development, demolition, etc., and set up investment development, planning and design, Professional technical departments such as calculation, legal affairs, and financing have created a closed-loop development model of the entire chain of real estate development from first-level land preparation, second-level development and construction to third-level operation and management.

In order to further assist the implementation of the project, at the same time, Huijing Urban Renewal Group actively gathers high-quality resources and establishes long-term cooperative relationships with external institutions and experts such as well-known design companies, lawyers and accounting firms, so as to gather surging momentum for high-quality development and realize the project’s success. High-quality conversion.

Layout of cultural, tourism, health care and science and technology industries to create a new model of "industry-city-people" integration

Huijing Holdings adheres to the main line of development with "industry, city and people", with "science and technology innovation, cultural tourism, and health care" as the core of development. Through the introduction of scientific and technological innovation industries, it will promote regional economic development, promote local employment, and build a charming new city , Start a beautiful new life.

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