Recently, Infore Environment Technology Group Stock Co., Ltd. (hereinafter referred to as “Infore Enviro”, stock code 000967) has received the notice of the corporate credit rating result from China Chengxin International Credit Rating Co., Ltd. (hereinafter referred to as “CCXI”), confirming that the latest rating of Infore Enviro is AA+, with a rating outlook being stable. This is a further breakthrough for Infore Enviro since the first time it got AA rating in 2016, which is an affirmation of the its overall capability.
Profile of rating agencies
Founded in 1992, CCXI is the first national non-bank financial institution engaged in credit rating, financial bond consulting and information services approved by the People's Bank of China. It ranks the largest rating agency in China and the fourth around the world, with the widest range of business, the best reputation and the most complete qualifications.
Infore Enviro won the AA rating in 2016 when it first got involved in credit rating. After two years of operation, its overall capability has been greatly improved. This time its credit rating has been upgraded to AA+, which is not only a full affirmation of its huge improvement on operation and anti-risk since its acquisition of Zoomlion Environmental Industry Co., Ltd. (hereinafter referred as “Zoomlion Enviro”) in 2018, a domestic leader of environmental sanitation machinery manufacturer, but also a high evaluation of Infore Enviro’s comprehensive financial strength. It shows that Infore Enviro has leaped to a new level in terms of market competitiveness, management quality and anti-risk ability, etc.
In the future, Infore Enviro will continue to expand its financing channels, optimize capital structure, and strictly control financial risks, with the aim to provide strong capital support for the company's development; it will further explore the environmental protection industry, and strive to become a respected and reliable intelligent leader in intelligent environmental sanitation equipment and service with its sanitation robots.