Sinoma International Engineering plans bond issue to raise up to RMB 2 bn

Sinoma International Engineering Co., Ltd. announced a preliminary proposal for the public issuance of corporate bonds with a registration quota not exceeding RMB 2 billion. The issuance will occur in phases, with the specific size and tranches to be determined by the board.

The bonds, with a par value of RMB 100, will be fixed-rate, annually interest-bearing, and have a term of up to 10 years, without security. Proceeds will fund daily operations, industrial development, and debt repayment.

The proposal was approved by the eighth board of directors' nineteenth meeting on October 23, 2025, and is pending shareholder approval. The company confirms it meets all legal and regulatory requirements for public bond issuance.

As of June 30, 2025, the company reported total assets of RMB 6,085,490,500.00 and net assets attributable to shareholders of RMB 2,215,758,440.00. For the first three quarters of 2025, Sinoma International Engineering reported total operating revenue of RMB 32,997,818,971.31 and a net profit attributable to parent company shareholders of RMB 2,073,763,075.31. Operating activities resulted in a net cash outflow of RMB -629,110,632.10.

The company plans to apply for listing its bonds on the Shanghai Stock Exchange.