[HK]中國中鐵(00390):中國中鐵股份有限公司2023年面向專業投資者公開發行科技創新可續期公司債券（第八期）信用評級報告
原標題:中國中鐵:中國中鐵股份有限公司2023年面向專業投資者公開發行科技創新可續期公司債券（第八期）信用評級報告 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國中鐵股份有限公司 CHINA RAILWAY GROUP LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代號：390） 本公告乃根據香聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國中鐵股份有限公司於2023年10月23日在上海證券交易所網站刊登的「中國中鐵股份有限公司2023年面向專業投資公開發行科技創新可續期公司債券（第八期）信用評級報告」，僅供參閱。 承董事會命 中國中鐵股份有限公司 董事長 陳雲 2023年10月24日 於本公告日期，本公司的執行董事為陳雲先生（董事長）、陳文健先生及王士奇先生；本公司的非執行董事為文利民先生；本公司的獨立非執行董事為鍾瑞明先生、張誠先生及修龍先生。 ?亯??亯?亯?亯?亯?亯???亯?亯??亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯?亯??亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯亯????????????????????????????????????φφ ????????φ??? 25.00???? ????????????????????????? 25.00??? ????????????????????????? ??????φ???????????? ?????? 3???? 3?ェ???? ф??????????????????????≤? 1??????????? 5???? 5? ???н???? ェ???? 1???????????? ??????????2023???уъ?????? ??????????? 1???〓?? ?? ?、?????????????????л??ā??? ??????????????φ ?????????????????ь???????
?????????畝??っ???????????? ????а???? ??????????????????????? ??????????????????????? AAA? ????????? AAA??????っ?? ?? 1ˊ???ㄎ???ケ???????????????? ????л????????????????ъ??? уъ??≤???????????ㄎ????2022?? ????????ц? 500?? 34????????500
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????????????Ω??q--r?ζ????????? ???? ?c??????????????????????ыq????r???ē??????ē ???????????c??c??c???????????????????????d ?c?????????????????ё???????ζ???????ч?ē??? ????????d??????????????????????????????ζ??? ???ē??????????ч??????d????????????????????? ???c??c?????d ?c????????????????ю?????????ēω?????????c? ????????С?????????d ?c???????????????????ē??????????????????? ???????????????d ?c????????????????????????ыq???r??????ē??? ??????????????????ē???????Ρ?????А??ē??????? ???c?????????????d?????????????????????ē??? ?????????????????????d ?c?????????????????ю???????ē????c???????? ?????????????c??c???????d ?c????????????????ē??????????????????????ē ????????????????d???????????????c??c???м??? ?d ?c?????????????????????c??ω???????d ??????????????2023???щ???????? 〇??????????δ???ε?????? ж????? ??? 228.44?????????????? ?? 245.71?????????? 2022? 1? ????????????л??ā?? 17?? 2022? 10? 28????????? ??ā?ā??ā????????????? ?????? 2021??????????? ??????л??ā??????ā???? ???俆???????????????? ?ǒ2007ǔ477???????? 2007? 9? ??? 2021?????????????? 11??????????????????? ??亴?????????????????? ?????????ǒ2007ǔ1095?????? ???????????????? 17073з ???????????????л??ā? ?? 1192з??????????? 6.50? ??ā?????????????? 2007? ???????? 1.83??????????? 9? 12???????????? 1280000.00 ????4.67???????? 2022? 10? з??????????????????? 28??????????????????? ????????к?????????? ???????????? 5???????? ǒ2007ǔ477?????????ъ???о???????????????????? 14??????????????????? ????????????к?畝????? ???????????????????? ????????????????????? ??????????? A???????? ??????????畝???????у? ?? 42490з??к??????????? ????????????????????? ??????? 1157498з???????? ???????????』????????↓ ?? 50.67%????????ь???а?? ?傼???????????????ъ?? ?????? 2019? 6?????????? ?????????ъ?????????? 50.77%????2019? 9????????? ?????????????????????? ? 172662.77з????????????? ???ъ???????????????? ?????????????????л?? ????????????????????? ā????ā?25.32%??????й???? ??≤?????????????????? ??? 29.38%?????????????? ???????畝???????????享 ??л??ā????ā?26.98%?????? ????畝??????????????? ??????????л??ā????ā? ????????н?????????ъ? 23.81%????????????????? ??2023?3?????????21??? ???????н????????????? ????????????????????о ??????а?????? ???????????????2022??? ????????????л? ????????а??????50?? ?1?????? ?? 2022??????????仍 ?????????????а???? 3 16131.66????????4230.59?????? ???? 3?????? 1????????? ?ь??1218.28????2022???????ъ ?? 5???? 5?????? 1?????? ???11543.58??????仍425.83??? ????????????????? 1?? ??2023?3??????????仍 ???仍????????????????? 16560.63????????4353.52?????? ????? 30??????????к??? ?ь??1266.13????2023?1ˉ3????? ????????? ??ъ???2726.25??????仍107.73? ?2???????? ?? ??????????????????? ?????????????????? ????????????????????? 128??1??918?????????? ???????????????????? ?????????????ла????? ???????? ??фн?????????????????к??????????????????? ??? 5???? 5?????? 1????? ??????????????????? ?????????????????? 1? ??????????????????н?? ????仍???????????????? л??????????ь??????к?? ?????????????? ????????????????? ???????????????????? ?4???亪? н???????????????????? ?????????????亪???? ?????????????????俆??? ???????????????????ь? ?????????о???????л?? ?5?????? ????????????????????俆 ??????????????????? ??????н??????????а??俆 ???к???????л??? ????????????????к??? ?1??????????????亪?? ????????????????????? ???????????????????? к?????? 300?????????俆?? ?ь? ????????????????????? ???????????????????? ?2??????н?????????? ??????????ъ?????????? ?????????????? 2019?≤?? ????????????к?????? ????????っ???????????л 300??????????????????? ???????????????????л? ????????????????????? ???????????????????? ??????????????? 2023?л????????儈?й?????? ?3????????????????? ????????????????????? ??????н??????????л??? ????????????????? 5%?? ????????????????????? ?????????????о??????? ?? ???????????2023?к????? п???????????? ?????? 2023?а?????????????? ??ъ???????????????? ?????????????????????? ???о????????????????? ??????????????? 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AB????????? ????????????ъ???????? ??畝?????з儈??傼???????? ????????????????????? ?????????????畝?? ????????????й??????? ?????????亶????學??? ??儈????????ъ?а??? 2022? ????????????????????? ????????????????? 18畝? ???????????????????? ????????????????? 50%? ???????????2020? 12????? к?????????????? 32畝??? ????????????????????? ????????? 19畝????????? ????????? ????? 9畝???о????????? 1 ?????1965???↓儈?????? ?????????????≤?≤???? ?? ????????????≤?≤????? ?????????????????≤ ???????????????????? ??у????????????????? ???????????????????? ?????????ъ?????????у ????2020? 3???????????? ???????????????ц?к?? ??????????? ???? TBM????????й??ъ? ?? 2022??????????? 297620 а??? 2022?????????????? ???уъ?????????? 6.22%??? ? 12.3з???????/TBM424?? ??? 1.09%?????? 73.85%????? 2020ˉ2022????????????? ? 3.12%?????? 15.73%??????? ??? 218.38???247.56??? 277.42? ??????к??? 4.86%??、??? ??????????ъ???? 2.24%?2.31% 55.15%?у、??л??? 39.99%? ? 2.40%? 5??????? 4????? ?????????????????? ?????????????ē???? ???????????????????? ????????Щē?????????c? ??d ???ю??????ē??????????、喀????????????????亶? ??????????????? ?、???????? 2022???????ā儈 ????????????傼?āā????? ?????? ???????傼?ā?ā??????о? ??????傼?āй????傼??ā?? ??????????????ē??? ???????ウо??????????? ???????c??????????ē?? ウ??ā??? 10??????ㄉ?49??? ??ё?????????ёē??????c ???????傼???18????????? ?????????????c??????? ?? 137???????ъ???????? ?????????ē????ē?????? ?? 22?уъ?????????????? ?????????ē??????????? ????????????儈??????? ?d ????????????????????? 1ˊ?????? 儈??????????????????? ??? 2007? 8? 12????????? ?????傼??????????????? ????????????????ㄐ???? ???????????????????? ????????????????????? ??????????畝?????ъ亶?≤ ?????? 2018? 6? 25???? 2017? ???ь???????????????ь? ???ь????????????????? ?????ь??????????????? ????ㄐ????は???????ā??亶 ????????н????????й?? ???ā???????а???????? а???????????????????? ?ウ???ъ???????畝?????? ?? 3?????┑????????? 2022 ???????????????ā????? ????????? 5??????????? ??????ā?????????????? ?? 1???????? 4?? ???ь????????????????? ???????亶?л????????? ??〈????? ?????????????????? ?ь????????????????? ??????ㄐ???????ь?????? 2ˊ???? ????????????????????? ?????????????????? ????????????????????? ?????л??????????о仾??? ??????????畝?????????? ??????о?????????????? ?????????????????亴???? ????????????????????? ????????????????????? ??ㄐ???????????????????? ????????????????????? ??〈???????????????????????????? 3%?к??ь???? ????????????? ????????к??к???????? ??????????????????? ь????????????畝??????亴 ????????????????????? ????????????????????? ????????????????????? ??????ㄐ???????ь????? ???????????? 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BOT?PPP??????????????畝 ?????亶??儈????????? ????????????????????? ???о???儈???????儈???? ??????а????????畝???? ????????????????? ?а??????????????畝??? 2020ˉ2022????????ъ???? ???儈?????????а?????儈 ????っ????2023? 1ˉ3?????? ??????????? ??ъ????? 2347.33??????? 2020ˉ2022????????ъ???? 1.67%????????ъ???? 7.63%? ???????⌒???????????ъ? ???????2020ˉ2022??????? ?ъ?????仍?????2022?????? ????仍⌒?л??2022?? 3483.10??? ???? 18.00%??? 2022???????? ??ъ?????仍 26659.30??????? ?ъ???????仍 6507.10????к?? 10.30%?2023? 1ˉ3????????ъ?? л? 5.90%? ???仍 5060.30??????? 21.80%??? ??????? 2022?????????ъ???????仍 ???о?????????????? 44437.70????к???? 5.50%????? ≤?≤?????????????????畝 畝???????????ъ?????? ???ф????????????亶??ъ ???????????????к???畝 ?а?????????????????? ???????????????????畝 ????????????????? ????2020ˉ2022????????っ?? 2020ˉ2022???????????ъ? ?????????ъ?????????? ?? 2022???????????āа?а?ā ??????????⌒?л??????? ???畝???????????????? ?????????亶????≤?≤??? ??? AB??????????????? ?о????????亶????????2022 ???з儈??傼???????????? ?????????ъ?????仍 18018.40 ????畝??????????????? ??????? 6.80%??? 2022????? ????畝????傼?????????? ?????????ъ???????仍 ??????а??нっ?????畝??↓ 30318.60????к???? 8.50%? ????畝??????????? ??畝?????? 2022??????? ?2???ъ? 畝??? 7331??????仍 42168.43??? ????????????ē???ю? ????ъ??????? 1071?????? ??ā??????āc??ā????c?? 仍 11171.54??????? 1000?????? ??ā?С?С???d2020ˉ2022?ē?? 仍 7317.62??????? 1722?????? ?Г?????c?ё????????c?? 仍 6476.51??????????? 1090??????????????????ъ??н? ??儈?????????????? PPP畝 ????????????????????? ?????仍?? 442.28????? 2022??? ????????????????????? ??↓???? PPP? BOT畝?? 3???? ???ъ?亶?????????????? ??????????? 1??а??? PPP ?????ㄎ?????????????? 畝???????儈???????????? ??畝?????????????????? ?????畝?? S25?????儈???ь ??????ъ?н??????????? ????? PPP畝?????仍?? 264.79? ???????????????????? ?????? 25~30???? PPP畝???? 畝????????畝?? ??????? PPP畝?????????? 2020ˉ2022????????о???? ???? ъ?????????? 2022?????о? ??? 20ц? 70?????????? ???ъ????????????????? ??????????ъ?????о??? ????畝???????????о???? ??????畝????????????? ??????ウ??????????ъ??? ??????????儈?????????? ???л??2021??????л????? ??????????????????畝?? ????????畝?????儈??????? ???????????????ㄎ???? ??≤???????? ???????????????????? 2020ˉ2022????????о???? ????』? ъ?????仍??? 258.60???205.50? 2020ˉ2022?????????ъ??? ?? 278.92????? 2021???л??? ??????????л???? 2022??? ???ъ?????仍л?????? 2022? ?л???????畝????л????? ????????о????ъ?????? ???????????????????? ?仍 533.90????к???? 7.20%? ??2022?????????ъ?????仍 ?ё?????????? 751.90??????? 29.60%??????? ????????????ъ????? ?? 130.61з??㊣? ????????????????????? ?? 2022?????????к????? ????????????????????? ???????????????????? ???????????????о??? 2024.00з??㊣?????????? ???āっ??ā??????????ъ 3051.00з??㊣?2022?????????? ?????2020ˉ2022??????????? ??? 627.90???????????仍 ???ъ????????????ъ???? 751.90???????? 541.00з??㊣?? ⌒?????? 2022????????л?? ? 2022?????????????????2022???????????????ъ?? 2020ˉ2022????????????? ?????仍 1306.30????к???? ??????? 8.81??8.89?? 9.13??? 33.80%? ?????儈≤?? ??С???? 2020ˉ2022??????????⌒?? ???????ъ?????а???? ????? 2.76??2.87?? 2.84?? ???????????????????? 2020ˉ2022????????????? ъ????????????????ъ?? ??っ????? 0.86??0.84?? 0.78?? ??????????????????ъ?? ??а????????????????? 4. ???? ?????????ㄎ?????????? ā???ā?????????????? ?????а?????????????? ??????????й???ъ????? ???????????????????? ?????????????ъ?????? ???????????????????? ???????????а???????ъ ???????????????????? ?? ????????????????????
?1????? ?????? 149.56??????????? 2020ˉ2022????????????? ????? 311.38???????????? ????????? 10.06%??? 2022??? ?????????????????????? ?????? 8985.66????к???? 2020ˉ2022?????????????? 12.21%?????????????????? ?????? 6.45%??? 2022?????? ?? 2022????????? 2385.84? ??????? 1222.38????к???? ???к???? 33.35%????????? 0.10%?????? 1??????? 76.17%? ???????????????????? 1~2???? 16.21%??喴????????? ?????????????? 2235.92??? ?????? 116.32??????????? 2020ˉ2022?????????⌒???? ?????仍? 160.39?????? 11.98%? ?????? 1.02%??? 2022?????? ???а?? ??? 668.06????к??л? 1.10%??? 2020ˉ2022?????亴??畝????? ????????????????????? ?????? 26.31%??? 2022?????亴 ??????????? 722.77?????? ??畝 483.27????к???? 1.18%??? ??? 7.10??? 亴??畝???亴???????????? 2020ˉ2022?????????????? ??? ?????? 192.51%??? 2022????? 1 2020ˉ2022????????????? ???? 507.05????к???? 640.51%? ???????? 5.17%??? 2022???? ???????≤??а?????≤???? ?????? 350.23????к???? 7.60%? ?????????畝??????????? ??????????????????? ?????????? 5.22??? 2020ˉ2022????????????? 2020ˉ2022?????????????? ????? 3.87%??? 2022??????? ?????? 48.02%??? 2022?????? 2078.71????к???? 2.18%????? ??? 1700.75????к???? 35.38%?? ???????? 1038.73????????? ??????????????????畝? ? 627.75?????? 201.17??????? ????????????л? PPP畝????畝??????????? 56.37?????? ?????????? 33.26%??? 2022??? ??????????????????仍 ????????? 2171.02????к??? 2046.56?????????? 15.25???ā? ? 24.96%???????????????? ???ā、??????? 1697.35??? 畝??????????????ъ???? ?2?????? ?????????????????л? PPP 2020ˉ2022????????????? 畝?????????????? ?????????? 24.86%??? 2022??? ?? 2023? 3??????????仍 ??????? 7146.00????к???? 16560.63????к???? 2.66%????? 27.39%?????????????????? ????????????к????н??? ??????????????? ? 2023? 3????????? 1958.55??? 2020ˉ2022????????????? ?к??л? 17.91%??????????? ????????? 18.31%??? 2022??? ??????????????????畝?ъ ???????? 1098.81????к???? ?????????┎??????????? 14.27%??????? PPP畝??????? ? 1482.03????к???? 21.24%???? ?? ???????↓?????????畝?ъ
2020ˉ2022????????????? 2020ˉ2022????????????? ??????? 2022??????????? ???????? 16.24%??? 2022???? ???к????????????????? ?????? 1555.53????к???? ????????????????????? 16.02%????????? ????????????????????? 2020ˉ2022????????ь???? ?? ????????? 45.12%??? 2022??? 2020ˉ2022????????????? ?????ь?? 1218.28????к???? л??????л? 1.20%??? 2022??? 46.65%??????? PPP???????? ???????? 456.21????к???? ??畝??????? л???????????????????? ?? 2023? 3?????????? ??? 4353.52????к???? 2.91%????? ????л? 2.84%??? 2022?????? ??????????????? ??? 393.73????к???? 17.31%?? ?? 2022????????? 712.10??? ?????л?????????????? ?к???? 34.76%??????????? ???? 2020ˉ2022?????????????? ??2023?3????????仍12207.10 ?????? 10.47%??? 2022?????? ????к???? 2.57%????????? ??? 943.98????к???? 11.17%?? ??????????к????н????? ??????????? ?????? 812.60????к???? 2020ˉ2022?????????????? 14.11%???????????????? ?????? 12.10%??? 2022?????? ???????2020ˉ2022??????? ??? 3860.31????к???? 20.41%?? ?????????????23.33%???2022 ???????????????????? ?????????4847.88????к???? 2 2020ˉ2022??????????⌒?? 27.39%?????????????42.06%?? 2 ????????????????? ?2 2020?2022??? 2023? 3???????? ?3 2020?2022??? 2023? 3???????? ??????? ?????????????c2023???????ζ????????? ???????????c2023???????ζ?????????
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