展望“穩定”，祥生控股(02599.HK)首獲穆迪B2評級
5月13日，穆迪首次授予祥生控股(集團)有限公司(Shinsun Holdings (Group) Co. Ltd.，簡稱“祥生控股集團”)B2評級，評級展望“穩定”。
穆迪的助理副總裁兼分析師Kelly Chen表示：“祥生控股集團的B2評級反映了該公司在長三角關鍵市場的長期運營記錄。該評級還考慮到與B2評級的同行相比，祥生擁有良好的信用指標，以及充足的流動性。”
祥生控股集團在中國擁有超過20年的房企地產開發經驗，主要集中在浙江省和泛長三角地區。近年，祥生在“1+1+X”投資戰略指導下，致力於鞏固其在浙江省影響力，滲透到泛長三角地區的同時，選擇性地擴展到其他具有高增長潛力的城市。
據其公吿顯示，2020年內，祥生已實現應占土儲總面積2332.8萬平方米，其中，浙江省土儲佔比達48.2%，泛長三角地區土儲佔比38.5%。祥生堅持高質量的發展路線，搶先於週期，在以浙江為核心和泛長三角區域儲備了大量的優質土地資源。
穆迪預計，鑑於有足夠的可銷售資源，祥生2021年和2022年歸屬本公司權益合約銷售額將較2020年分別增長8%和6%。在2017-2020年間，祥生銷售複合年增長率已經實現27%的穩定增長，將支持公司在未來12-18個月的流動性和收入增長。
此外，祥生控股集團的流動性充足，截至2020年末，該公司總現金餘額為243億元，針對短期債務的覆蓋倍數達1.1倍。穆迪預計，該公司持有的現金以及預計的運營現金流將足以支付未來12個月的短期債務、承諾土地保費和股息。
自上市以來，祥生控股集團在業務規模穩健增長的同時，始終保持良好的經營情況。2020年祥生實現總營收466.38億元，同比增加31.3%。報吿期內，集團歸母核心淨利潤總額較上年同期增長約16.7%至26.9億元。追溯其原因，是祥生產品力與服務力的支撐，更是企業綜合實力賦予的堅實底氣。
未來，祥生將繼續堅持“1+1+X”的發展戰略，堅守“幸福生活運營商”企業定位，不斷提升產品品質和服務力，致力於成為一家健康可持續的品質標杆企業，進一步實現高質量的穩定增長。
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