紫光國微(002049.SZ):中誠信國際維持公司主體及債項信用等級並將其繼續列入觀察名單
格隆匯5月12日丨紫光國微(002049.SZ)公佈,公司於2018年5月發行的“18國微01”由中誠信國際信用評級有限責任公司(“中誠信國際”)進行相關評級工作。基於公司間接控股股東紫光集團有限公司(“紫光集團”)流動性壓力大,對紫光國微外部融資環境、業務運營及償債能力帶來的不確定影響,2020年11月12日,中誠信國際將紫光國微AA+的主體信用等級、“18國微01”AA+的債項信用等級列入觀察名單。
根據公司公開披露的最新財務數據,受益於集成電路業務規模持續快速增長,2020年及2021年1~3月,公司分別實現營業總收入32.70億元和9.52億元,淨利潤分別為8.02億元和3.28億元,經營活動淨現金流分別為4.18億元和-0.87億元;截至2021年3月末,公司貨幣資金和實際可動用貨幣資金分別為12.12億元和10.71億元,總債務由2020年9月末的10.70億元小幅下降至2021年3月末的8.92億元。總體而言,自紫光集團發生債務違約至今,公司業務運營較為穩健,但外部融資環境受影響程度仍待觀察,且紫光集團通過下屬西藏紫光春華投資有限公司質押公司股票比例較高,或存在一定的控制權變動風險。
綜上所述,中誠信國際決定維持紫光國芯微電子股份有限公司主體及債項信用等級為AA+,並將其繼續列入觀察名單。同時,中誠信國際將持續關注紫光集團債務違約事項對紫光國微業務運營及融資環境的影響,對紫光國微信用狀況進行跟蹤評估並及時披露相關信息。
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