New Hope Liuhe retains AAA rating; parent buys back bonds

New Hope Liuhe (SZSE:000876) has reaffirmed its AAA credit ratings from China Lianhe Credit Rating, both for its long-term credit and its "Hope Convertible Bonds" and "Hope Convertible Bonds 2". The rating outlook remains stable, reflecting the company's strong competitive position as a leading agricultural and livestock enterprise in China. This is in conjunction with New Hope Group's recent buyback of a portion of its "23 Hope E1" exchangeable bonds, totaling CNY 9,249,300.00. The move reduces New Hope Group's outstanding "23 Hope E1" bonds to CNY 4,830,570,000.00. The buyback and sustained ratings reflect New Hope Liuhe’s solid financial footing, strategic focus on core sectors, and ongoing efforts to enhance operational efficiency and market competitiveness.