HONG KONG, 13 November 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB+’ global scale Long-term Issuer Credit Rating to Sichuan Gloport Investment Development Group Co., Ltd. (“SGID” or “the company”). The Outlook is Positive.
The Issuer Credit Rating reflects a high possibility that the People’s Government of Yibin City (“the Yibin government”) would provide strong support to SGID if needed. This mainly considers the Yibin government’s indirect vast majority ownership of SGID, SGID’s strategic position as an important local investment and development company (“LIDC”) in Sichuan’s Yibin City (“Yibin”). The linkage between the local government and SGID is strong, including management supervision, strategic alignment, and ongoing operational and financial support. In addition, the local government may face significant negative impact on its reputation and financing activities should SGID encounter any operational or financial difficulties.
Yibin is a prefecture-level city of Sichuan Province and a major hub port of Yangtze River. In 2024, Yibin’s GDP grew steadily by 5.0% to RMB400.6 billion, while its budgetary revenue increased by 3.7% to RMB32.4 billion.
The Positive Outlook reflects our expectation that SGID’s strategic importance would be strengthened given it is the key development and operation entity in Sanjiang New Area, which is a development priority of the Yibin government in the coming years. Its Yibin Lingang Economic and Technological Development Zone (“Lingang ETDZ”) is a national-level development zone and one of China’s major production bases for power batteries. It plays an increasingly vital role in driving the city’s economic growth and industrial upgrading. Besides, the Yibin government will continue to ensure SGID’s stable operation.