Xinyangfeng maintained at AA rating with stable outlook

Northeast Securities' 2024 Trusteeship Management Report on Xinyangfeng Agricultural Technology Co., Ltd.'s convertible corporate bonds coupled with a new credit rating announcement from Shanghai Brilliance Credit Rating showcases the firm's sustained financial strength. In June 2025, Shanghai Brilliance Credit Rating affirmed Xinyangfeng's AA credit rating with a stable outlook. The AA rating reflects Xinyangfeng's solid market position, strong operating cash flow, and diversified financing channels. Despite recent challenges such as fluctuating raw material prices and risks associated with ongoing and planned investment projects, Xinyangfeng has demonstrated resilience. The company is proceeding with the construction of new facilities for phosphate products while navigating market changes. The Trusteeship report indicates that in 2024, Xinyangfeng fulfilled all obligations related to its convertible bonds, ensuring timely payment of interest. The report also confirms the company's sound financial position, marked by steady profitability and robust cash flow. These factors reinforce Xinyangfeng's capacity to meet its financial commitments. The maintained credit rating further enhances investor confidence in Xinyangfeng's financial stability.