Summary by Futu AI
Walt Glass Group Co., Ltd. (“Walt Glass”) issued a notice on 7 May 2024 announcing its “Report on the Public Issue of A-Share Convertible Corporate Bonds 2024” published on the website of the Shanghai Stock Exchange. The report, issued by Zhongxin International Credit Rating Co., Ltd. (“China China International”) maintains the principal credit rating of Forte Glass at AA with an outlook rating of “stable”, and maintains its “Foray Transfer Debt” credit rating at AA. The rating reflects Ford Glass's leadership in the photovoltaic glass industry, its scale advantages, its technical prowess, and its continued increase in revenue scale. At the same time, the rating also takes into account factors such as the impact of the fluctuations in the photovoltaic industry landscape, intense market competition and product profitability. The report noted that Walt Glass's financial data show that its total assets, total shareholder equity, and total liabilities all grew in 2023. In addition, the company's total operating income and net profit also showed an upward trend.