Is Gaomi Huarong Industrial’s financing reliable?

It is relatively reliable and the highlight of Gaomi Huarong Industrial.

Highlight 1: The regional economy is developed! Weifang City ranked 22nd among the top 100 prefecture-level cities in China in 2019. The GDP in 2019 is expected to be 650 billion yuan, ranking 4th in Shandong Province, and the general public budget revenue is 57.1 billion yuan, an increase of 13.8%. At the end of 2018, the debt ratio was only 18.66% (far lower than the EU's 60% warning line), and the company's debt risk was generally controllable.

Highlight 2: Gaomi is affiliated to Weifang City, Shandong Province, one of the top 100 counties (cities) in the country, the hometown of Mo Yan, the Nobel Prize for Literature, the top 100 comprehensive well-off index of China's county-level cities in 2019, and the country's manufacturing industry. Top 100 industrial counties and cities. GDP in 2019: 50.005 billion, and general public budget revenue exceeded 5.001 billion.

Highlight 3: The financier Gaomi xx is a company approved by the People’s Government of Gaomi City that integrates financing guarantee, fund operation, asset disposal, industry, infrastructure construction, real estate development and financial and economic services. It is a large-scale comprehensive state-owned enterprise and the largest state-owned municipal investment and financing enterprise in Gaomi, with a main credit rating of AA+. As of the end of September 2020, the total assets were 59.876 billion yuan, with strong guarantee strength.

Highlight 4: AA guarantor! Gaomi State-owned Assets has total assets of 43.76 billion yuan and annual operating income of more than 1.77 billion yuan. The parent company, Gaomi Huarong Industrial, is the largest local urban investment company with an AA+ rating, total assets of 59.876 billion yuan, and strong guarantee capabilities.

Highlight five: Provide sufficient pledge of claims receivable, fully covering product scale, safe and reliable.

Business Scope

General projects: engaging in investment activities with own funds; asset management services for investment with own funds; engaging in equity investment, investment management, asset management and other activities with private equity funds (Must be registered with the Asset Management Association of China before engaging in business activities); business management consulting; property management; land improvement services; land use rights leasing; urban and rural city appearance management; project management services; municipal facilities management; landscaping projects Construction; urban greening management; foreign contracting projects; sales of metal materials; sales of chemical products (excluding licensed chemical products); sales of forestry products; sales of pulp; sales of needle textiles and raw materials; sales of beans and potatoes; sales of grains. (Except for projects that require approval according to law, business activities can be carried out independently with a business license in accordance with the law) Permitted projects: various engineering construction activities. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects shall be subject to the approval documents or licenses of relevant departments)