The United Credit Rating Report believes that during the tracking period, as a high-tech professional in the field of water treatmentenvironmental protectionGrowth Enterprise MarketThe listed company, Beijing Bishuiyuan Technology Co., Ltd. (hereinafter referred to as the "Company"), continues to maintain a strong competitive advantage in the industry in terms of technical level, R&D capability and industrial chain. In 2024, the Company's total operating income declined slightly, which still came from businesses such as environmental protection segment, municipal and water supply and drainage and light technology overall solutions, with sufficient reserves of projects in hand, which contributed to the Company's businessContinuous developmentSafeguards are provided. PPP projects still need large investment scale and long operation cycle,FutureThere are certain uncertainties in the progress of construction and the realization of operating income. The overall owners of the company have good qualifications, but the pressure of the company to collect payments will increase in 2024. Affected by the operating characteristics of the industry, the company's project investment and receivables occupy a large amount of funds, and the asset quality is average. The scale of interest-bearing debt continues to grow, and the overall debt burden is average, but it faces short-term debt repayment pressure. Non-recurring gains and losses have a great impact on the total profit. Affected by investment losses, the company's total profit has dropped significantly, but the performance of profit indicators is still strong. Considering that the companyBANKWith a high proportion of financing, the company's indirect financing channels are smooth, the company's loan continuity ability is strong, and the company's shareholder background is very strong, etc., the company's overall solvency index is strong.
On June 23rd, Lianhe Credit released the rating report,BeijingBlue Water SourceTechnology Co., Ltd. 2023 Phase I GreenInterim termThe notes (Kechuang notes) were rated "AA +".
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