Norinco International Cooperation Ltd.

000065.SZ

000065.SZNorinco International Cooperation Ltd.

Shenzhen

8.19

CNY

-0.15

(-1.80%)

0.92EPS

8.90P/E

8.18BMarket Cap

Oct 31Next Earn

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Norinco International Cooperation Ltd.

000065.SZ

(Shenzhen)

Recent

price

8.19

P/E

ratio

8.9

div

yld

1.08%

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 09/10

Stock

S&P500

-44.59

21.84

-3.53

21.70

-4.21

83.24

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
1.72	2.96	2.88	4.13	2.63	4.68	4.77	10.33	10.8	11.36	11.7	12.92	15.03	15.27	14.15	21.53	21.46	Revenue per Share
0.06	0.09	0.07	0.11	0.19	0.25	0.29	0.38	0.57	0.58	0.69	0.83	0.88	0.73	0.67	0.92	0.95	Basic EPS, GAAP
-0.06	1.54	0.35	0.17	-0.22	1.16	0.24	0.39	-0.29	0.75	-0.1	-2.34	-2.41	0.93	0.44	0.52	-0.28	Free Cash Flow per Basic Share
0.03	0.05	0.03	0.02	0.02	0.02	0.04	0.08	0.05	0.08	0.15	0.16	0.22	0.29	0.25	0.27	0.35	Dividend per Share
0.35	0.43	0.47	0.56	0.73	0.95	1.18	1.64	2.36	2.75	3.6	4.21	4.95	5.55	5.84	6.41	6.83	Book Value per Share
0.67	0.85	0.9	1.01	1.23	1.53	1.86	3.91	4.47	3.16	3.39	4.29	5.33	6.15	7.31	7.75	8.2	Tangible Book Value per Share
642	633	636	638	632	632	634	785	812	856	853	856	855	854	949	998	1,002	Basic Weighted Avg Shares
1,105	1,874	1,829	2,632	1,660	2,958	3,024	8,105	8,762	9,730	9,981	11,060	12,851	13,050	13,433	21,488	21,500	Sales/Revenue/Turnover
5.02	3.69	6.19	7.8	0.45	7.85	6.41	4.03	6.12	7.87	8.42	8.76	5.59	5.93	8.61	6.31	6.55	Operating Margin (%)
11	5	2	2	2	6	8	35	44	85	105	112	139	145	249	286	- -	Depreciation Expense
36	57	44	73	120	156	185	300	461	499	589	706	751	624	636	918	955	Net Income, GAAP
30.9	20.23	13.12	10.99	- -	26.34	14.07	17.55	17.68	19.22	22.3	13.45	13.17	16.11	16.78	14.39	10.61	Effective Tax Rate (%)
3.26	3.02	2.4	2.79	7.21	5.28	6.1	3.7	5.26	5.13	5.9	6.39	5.85	4.78	4.74	4.27	4.44	Profit Margin (%)
104	470	325	534	433	713	635	1,751	1,879	2,894	3,005	2,434	5,308	3,856	5,262	4,688	5,152	Working Capital
424	100	27	23	56	50	44	130	277	967	973	1,334	4,509	4,392	4,861	4,825	5,282	LT Debt
449	537	573	644	777	964	1,181	3,087	3,661	4,124	4,642	5,386	6,227	6,842	8,558	9,295	9,733	Total Equity
4.72	7.21	16.18	29.61	- -	19.43	13.01	10.29	11.45	13.47	12.31	13.57	6.61	5.47	7.43	8.14	7.97	Return on Invested Capital (%)
6.62	11.46	9.14	13.48	- -	16.31	13.82	13.04	15	13.59	14.03	13.77	9.72	6.6	5.43	8.55	8.15	Return on Capital (%)
17	22.78	15.5	22.51	29.24	29.32	27.31	29.44	28.8	23.38	21.7	21.15	19.18	13.9	12.37	15.38	14.9	Return on Common Equity (%)

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	28.34%	18.29%	59.96%
Net Income, GAAP	21.63%	11.12%	44.31%
Free Cash Flow	149.08%	425.78%	22.81%
Total Cash Common Dividend	44.21%	16.8%	15.1%
Total Equity	30.29%	15.04%	8.61%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Business: Norinco International Cooperation Ltd. operates as an engineering contractor in Asia, Africa, Europe, and internationally. It is involved in the construction of various projects, such as railways, roads and bridges, civil construction, municipal facilities, petroleum, power plants, industrial manufacturing, and environmental protection. The company also develops real estate properties, such as residential and commercial projects; and provides architectural decoration services. In addition, it offers services in the field of power engineering, mining facilities, heavy-duty vehicles and equipment, integrated logistics services, solar lighting, etc. Further, it researches, develops, and manufactures packaging containers. The company was founded in 2001 and is based in Beijing, China. Norinco International Cooperation Ltd. is a subsidiary of China North Industries Corporation.

Year	Q1	Q2	Q3	Q4	FY
2022	0.03	- -	- -	- -	0.25
2023	0.05	- -	- -	- -	0.27
2024	0.05	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.14	- -	- -	- -	0.67
2023	0.19	- -	- -	- -	0.92
2024	0.26	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	2,453	2,940	3,799	4,241	13,433
2023	4,792	5,610	4,228	6,858	21,488
2024	5,014	5,401	- -	- -	- -

	Dec'23	Mar'24	Jun'24
ST Debt	922	840	1,049
LT Borrowings	4,808	4,771	5,259
LT Finance Leases	17	17	24
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	1,002	1,002	1,002
Market Capitalization	11,139	10,800	10,389

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
1.72	2.96	2.88	4.13	2.63	4.68	4.77	10.33	10.8	11.36	11.7	12.92	15.03	15.27	14.15	21.53	21.46	Revenue per Share
0.06	0.09	0.07	0.11	0.19	0.25	0.29	0.38	0.57	0.58	0.69	0.83	0.88	0.73	0.67	0.92	0.95	Basic EPS, GAAP
-0.06	1.54	0.35	0.17	-0.22	1.16	0.24	0.39	-0.29	0.75	-0.1	-2.34	-2.41	0.93	0.44	0.52	-0.28	Free Cash Flow per Basic Share
0.03	0.05	0.03	0.02	0.02	0.02	0.04	0.08	0.05	0.08	0.15	0.16	0.22	0.29	0.25	0.27	0.35	Dividend per Share
0.35	0.43	0.47	0.56	0.73	0.95	1.18	1.64	2.36	2.75	3.6	4.21	4.95	5.55	5.84	6.41	6.83	Book Value per Share
0.67	0.85	0.9	1.01	1.23	1.53	1.86	3.91	4.47	3.16	3.39	4.29	5.33	6.15	7.31	7.75	8.2	Tangible Book Value per Share
642	633	636	638	632	632	634	785	812	856	853	856	855	854	949	998	1,002	Basic Weighted Avg Shares
1,105	1,874	1,829	2,632	1,660	2,958	3,024	8,105	8,762	9,730	9,981	11,060	12,851	13,050	13,433	21,488	21,500	Sales/Revenue/Turnover
5.02	3.69	6.19	7.8	0.45	7.85	6.41	4.03	6.12	7.87	8.42	8.76	5.59	5.93	8.61	6.31	6.55	Operating Margin (%)
11	5	2	2	2	6	8	35	44	85	105	112	139	145	249	286	- -	Depreciation Expense
36	57	44	73	120	156	185	300	461	499	589	706	751	624	636	918	955	Net Income, GAAP
30.9	20.23	13.12	10.99	- -	26.34	14.07	17.55	17.68	19.22	22.3	13.45	13.17	16.11	16.78	14.39	10.61	Effective Tax Rate (%)
3.26	3.02	2.4	2.79	7.21	5.28	6.1	3.7	5.26	5.13	5.9	6.39	5.85	4.78	4.74	4.27	4.44	Profit Margin (%)
104	470	325	534	433	713	635	1,751	1,879	2,894	3,005	2,434	5,308	3,856	5,262	4,688	5,152	Working Capital
424	100	27	23	56	50	44	130	277	967	973	1,334	4,509	4,392	4,861	4,825	5,282	LT Debt
449	537	573	644	777	964	1,181	3,087	3,661	4,124	4,642	5,386	6,227	6,842	8,558	9,295	9,733	Total Equity
4.72	7.21	16.18	29.61	- -	19.43	13.01	10.29	11.45	13.47	12.31	13.57	6.61	5.47	7.43	8.14	7.97	Return on Invested Capital (%)
6.62	11.46	9.14	13.48	- -	16.31	13.82	13.04	15	13.59	14.03	13.77	9.72	6.6	5.43	8.55	8.15	Return on Capital (%)
17	22.78	15.5	22.51	29.24	29.32	27.31	29.44	28.8	23.38	21.7	21.15	19.18	13.9	12.37	15.38	14.9	Return on Common Equity (%)

	Dec'23	Mar'24	Jun'24
Total Current Assets	14,190	14,627	14,293
Accounts Receivable, Net	3,656	4,026	4,147
Cash, Cash Equivalents & STI	4,093	4,034	3,630
Inventories	1,363	1,760	1,370
Total Current Liabilities	9,502	9,780	9,142
Payables & Accruals	- -	- -	- -
ST Debt	922	840	1,049
Deferred Revenue	- -	- -	- -

Norinco International Cooperation Ltd.

Growth Rates

(avg. rate of change)

Growth Rates

(avg. rate of change)

Quarterly Dividends Per Share

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Quarterly Earnings Per Share

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Quarterly Revenue

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Capital Structure

Working Capital