On June 26, Shaanxi Construction Machinery Co., Ltd. (hereinafter referred to as "SCMC") successfully issued its first tranche of sci-tech innovation bonds for 2025, with an issuance scale of RMB 1 billion, a coupon rate of 2.55%, a term of 3+N years, and a bond rating of AAA.

This medium-term note is abbreviated as "25 Shaanxi Machinery MTN001 (Sci-Tech Innovation Bond)", with joint and several liability guarantee provided by Shaanxi Coal and Chemical Industry Group (Shaanxi Coal Group), and China Merchants Bank serving as the sole underwriter. Leveraging the favorable policies of the National Association of Financial Market Institutional Investors (NAFMII) in vigorously promoting the "Sci-Tech Innovation Board" of the bond market, SCMC successfully issued the first sci-tech innovation bond by a listed company in Northwest China, and also the first subordinated perpetual medium-term note issued by a Shaanxi provincial state-owned enterprise.

As a core enterprise of Shaanxi Coal Group's equipment manufacturing segment, SCMC has adhered to a prudent financial strategy since its listing on the Shanghai Stock Exchange in 2004 (stock code: 600984), continuously adjusting its capital structure, actively reducing comprehensive financing costs, vigorously promoting asset management efficiency, and steadily enhancing its market competitiveness and industry influence.

The issuance of this perpetual medium-term note is a successful attempt by SCMC to use debt financing instruments to obtain long-term stable funds, extend debt maturity, and optimize its asset-liability structure. It is also another breakthrough since the company opened up the interbank public direct financing market in 2024, highlighting SCMC's technological attributes, demonstrating the capital market's high recognition of SCMC, and laying a solid foundation for subsequent public market financing. SCMC will take this opportunity to further leverage the capital market's financing function, driven by technological innovation, guided by market expansion, and supported by lean management, to deepen quality and efficiency improvement, consolidate core advantages in the industrial chain, and strive to write a new chapter of high-quality development.