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Norinco International Cooperation Ltd. Class A

Norinco International Cooperation Ltd. Class A

SSZSE:000065
10.09
CNY
+0.23
(+2.33%)
0.63EPS
15.75P/E
11.42BMarket Cap
Oct 30Next Earn
Norinco International Cooperation Ltd. Class A
SZSE:000065
(Shenzhen Stock Exchange)

Recent

price

10.09

P/E

ratio

15.75

div

yld

3.88%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.88
4.13
2.63
4.68
4.77
10.33
10.8
11.36
11.7
12.92
16.76
15.27
14.15
21.53
19.09
12.74
10.88
Revenue per Share
0.07
0.11
0.19
0.25
0.29
0.38
0.57
0.58
0.69
0.83
0.98
0.73
0.67
0.92
1.05
0.68
0.62
Basic EPS, GAAP
0.35
0.17
-0.22
1.16
0.24
0.39
-0.29
0.75
-0.1
-2.34
-2.68
0.93
0.44
0.52
0.47
0.52
- -
Free Cash Flow per Basic Share
0.03
0.02
0.02
0.02
0.04
0.08
0.05
0.08
0.15
0.16
0.24
0.29
0.25
0.27
0.29
0.31
0.39
Dividend per Share
0.76
0.86
1.03
1.26
1.51
3.65
3.72
4.26
4.91
5.74
6.55
7.2
7.74
8.45
9.23
9.56
9.59
Book Value per Share
0.76
0.86
1.03
1.26
1.51
3.62
3.68
2.6
2.87
3.75
4.6
5.36
6.12
6.89
7.76
8.27
8.36
Tangible Book Value per Share
636
638
632
632
634
785
812
856
853
856
767
854
949
998
1,000
1,064
1,117
Basic Weighted Avg Shares
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
19,080
13,554
12,151
Sales/Revenue/Turnover
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
7.92
7.33
8.26
Operating Margin (%)
2
2
2
6
8
35
44
85
105
112
139
145
249
286
361
408
- -
Depreciation Expense
44
73
120
156
185
300
461
499
589
706
751
624
636
918
1,050
723
697
Net Income, GAAP
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
11.67
22.14
23.75
Effective Tax Rate (%)
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
5.5
5.34
5.73
Profit Margin (%)
325
534
433
713
635
1,751
1,879
2,894
3,005
2,434
5,308
3,856
5,262
4,688
1,879
4,117
3,004
Working Capital
27
23
56
50
44
130
277
967
973
1,334
4,509
4,392
4,861
4,825
2,247
3,934
2,666
LT Debt
573
644
777
964
1,181
3,087
3,661
4,124
4,642
5,386
6,227
6,842
8,558
9,295
10,218
11,765
11,762
Total Equity
8.02
13.67
- -
22.21
17.53
13.19
13.33
11.78
11.69
11.98
8.25
5.71
6.13
6.7
6.85
4.57
4.35
Return on Invested Capital (%)
6.5
9.59
- -
12.87
11.6
9.45
10.21
9.9
10.98
11.21
8.38
5.83
4.68
7.31
8.13
5.02
4.63
Return on Capital (%)
9.44
14.32
19.99
21.48
20.98
17.3
16.18
14.6
14.99
15.46
14.24
10.54
9.11
11.32
11.71
7.04
6.62
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,064
1,614
2,607
LT Borrowings
3,902
3,705
2,632
LT Finance Leases
32
30
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,161
1,161
1,161
Market Capitalization
14,472
16,899
11,417

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,494
13,924
14,435
Cash, Cash Equivalents & STI
5,211
4,920
5,089
Accounts Receivable, Net
4,174
4,285
4,235
Inventories
797
753
771
Total Current Liabilities
10,376
9,833
11,432
Payables & Accruals
- -
- -
- -
ST Debt
2,064
1,614
2,607
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.41%
13.73%
15.14%
Free Cash Flow
147.32%
-31.02%
17.29%
Net Income, GAAP
11.87%
2.51%
-31.08%
Sales/Revenue/Turnover
7.3%
4.86%
-28.96%
Total Cash Common Dividend
23.44%
12.79%
13.57%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,014
5,401
3,707
4,958
19,080
2025
3,650
3,085
- -
3,639
13,554
2026
2,352
3,075
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.27
0.22
0.28
1.05
2025
0.17
0.12
- -
0.22
0.68
2026
0.1
0.19
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.15
0.06
0.03
0.29
2025
0.04
0.19
- -
-0.01
0.31
2026
0.04
0.17
- -
- -
- -
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Business
Norinco International Cooperation Ltd. (000065.SZ) engages primarily in the international trade of mechanical and electrical products, defense-related materials, and resources. The company offers a diverse portfolio of products and services including light weapons and ammunition; optoelectronic products; vehicles and special vehicles such as engineering machinery, mining equipment, and automobiles; mechanical and electrical equipment like machine tools, power equipment, steel products, and chemicals; resources trading in metals, coal, and other commodities; real estate development; engineering contracting services; and financial leasing. It operates across multiple segments encompassing mechanical and electrical products, resources, real estate, engineering contracts, and other businesses, serving government, commercial, and industrial customers globally. Founded in 1998 and headquartered in Beijing, China, Norinco International Cooperation Ltd. conducts its operations in over 160 countries and regions, with a focus on Asia, Africa, Europe, and the Americas. The company is a subsidiary of China North Industries Group Corporation Limited (Norinco Group), leveraging the parent's expertise in defense and civilian manufacturing. Its target markets include defense forces, mining enterprises, construction firms, and energy sectors seeking reliable import-export solutions. In recent developments, Norinco International Cooperation Ltd. expanded its resources trading segment through strategic partnerships in mineral supply chains in Africa and Southeast Asia during 2024-2025. The company secured significant funding via equity offerings on the Shenzhen Stock Exchange amid rising demand for defense exports, and launched new engineering machinery lines tailored for Belt and Road Initiative projects. Additionally, it reorganized its overseas subsidiaries to enhance compliance with international trade regulations, marking a major operational shift in late 2024.