新力控股集團(02103.HK)獲聯合國際“BB-”評級未來展望正面
新力控股集團(02103.HK)宣佈,聯合評級國際有限公司(“聯合國際”)已確認公司的國際長期發行人默認評級為“BB-”,未來展望正面。
聯合國際認為公司的管理層計劃深化城市覆蓋,並通過12個區域性辦事處/團隊向新地區擴張,進一步擴大規模。新力以項目開發銷售所得的回款,為其市場地位的增長計劃提供部分資金,以進入長三角、大灣區和中國中西部具發展潛力的省級城市。新力將高週轉項目預售前的平均開發時間約從2018年的8個月縮短至2019年的6個月。這一變化揭示了新力用於控管各發展階段狀況之內部基準和指標的成效。
新力總部位於上海。公司以系列分類重新設計了產品類型,並對開發方式進行模塊化調整,縮短了平均施工工期,降低了運營成本,為其積極的擴張計劃做好準備。截至2019年底,新力開發中高週轉率項目裏,超過90%採用了新的標準化模式,因而在一定程度上加快了部分項目的工期。新力的總體成本控制和產品標準化可能有助於緩解部分壓力。憑藉其位於江西省取得低價土地的固有優勢,該公司曾在過往幾年隨中國經濟的強勁增長,實現了高於行業平均的毛利率。
聯合國際預計新力將通過不同資金管道適度改善其略緊的流動性狀況,為其擴張藍圖提供各類資金,包括銀行貸款、信託貸款、債券發行和其他融資工具,如資產抵押證券(ABS)產品等。新力亦能夠通過境內固定收益市場取得資金。自2019年11月在香港證券交易所上市以來,該公司進入離岸資本市場,進一步使其資金來源多樣化。
新力控股董事長兼執行董事張園林先生表示,公司獲得聯合國際“BB-”未來展望正面的評級,是其具備長期投資價值的佐證,凸顯評級機構對公司以往取得的業績、穩健的財務狀況和高質量發展模式的認可,也將有利於新力控股未來以更低成本在資本市場融資。展望未來,公司將採取更加積極和靈活的產品推售和價格策略。在運營方面,我們會根據市場需求適時調整推貨週期。在財務方面,我們將採取更加審慎的財務政策,加強現金流管理,以維持財務健康的前提下穩健發展。新力控股將鞏固現有市場地位,進一步加快業務發展,努力實現“立足江西,面向全國”的戰略發展。
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