000065.SHE NORINCO International Cooperation Ltd
- Market cap
- CNY 10.9B
- P/E
- 14.0x
- P/B
- 0.98x
- ROE
- 6.2%
- Dividend yield
- 3.06%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000065.SHE undervalued?
Graham number000065.SHE trades 22.0% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
NORINCO International Cooperation Ltd fundamental analysis
No fundamental analysis for NORINCO International Cooperation Ltd yet.
NORINCO International Cooperation Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About NORINCO International Cooperation Ltd
NORINCO International Cooperation Ltd. engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally. The company is involved in engineering and logistics; acquisition and sale of coking coal resources; warehousing; export of heavy equipment, commercial and mining vehicles, and equipment, petroleum equipment and services, logistics automation systems, and othe…
Full company profileNORINCO International Cooperation Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
NORINCO International Cooperation Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 8.76B | 9.73B | 9.98B | 11.1B | 12.9B | 13.1B | 13.4B | 21.5B | 19.1B | 13.6B | 10.7B |
| Gross Profit | 1.04B | 1.34B | 1.48B | 1.60B | 1.29B | 1.39B | 1.83B | 2.22B | 2.40B | 1.94B | 1.86B |
| Operating Income | 624M | 670M | 798M | 855M | 896M | 808M | 954M | 1.12B | 1.16B | 994M | 996M |
| EBITDA | 493M | 852M | 697M | 1.03B | 879M | 943M | 1.19B | 1.33B | 1.42B | 1.52B | 1.07B |
| Net Income | 461M | 499M | 589M | 706M | 751M | 624M | 636M | 918M | 1.05B | 723M | 696M |
| EPS | 0.57 | 0.58 | 0.69 | 0.82 | 0.81 | 0.70 | 0.62 | 0.86 | 1.01 | 0.62 | 0.60 |
| Balance Sheet | |||||||||||
| Total Assets | 12.1B | 11.5B | 11.5B | 14.7B | 18.1B | 19.3B | 22.1B | 23.8B | 24.5B | 26.1B | 25.1B |
| Total Liabilities | 8.49B | 7.34B | 6.84B | 9.29B | 11.9B | 12.5B | 13.5B | 14.5B | 14.2B | 14.4B | 13.3B |
| Shareholders' Equity | 3.19B | 3.65B | 4.21B | 4.93B | 5.62B | 6.21B | 7.75B | 8.47B | 9.46B | 11.1B | 11.2B |
| Cash & Short-term Investments | 3.69B | 4.89B | 4.41B | 3.15B | 5.14B | 4.09B | 5.05B | 4.09B | 4.60B | 5.21B | 4.98B |
| Total Debt | 492M | 1.19B | 1.21B | 1.96B | 5.86B | 5.04B | 5.61B | 5.73B | 3.22B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 144M | 1.32B | 182M | -1.58B | -1.27B | 1.50B | 738M | 702M | 653M | 1.05B | - |
| Capital Expenditure | 378M | 680M | 266M | 420M | 783M | 699M | 319M | 187M | 184M | 499M | 361M |
| Free Cash Flow | -234M | 643M | -83.7M | -2.00B | -2.06B | 798M | 419M | 515M | 469M | 550M | 1.56B |
| Ratios | |||||||||||
| ROE | 14.5% | 13.7% | 14.0% | 14.3% | 13.4% | 10.0% | 8.2% | 10.8% | 11.1% | 6.5% | 6.2% |
| ROA | 3.8% | 4.4% | 5.1% | 4.8% | 4.2% | 3.2% | 2.9% | 3.9% | 4.3% | 2.8% | 2.8% |
| Net Profit Margin | 5.3% | 5.1% | 5.9% | 6.4% | 5.8% | 4.8% | 4.7% | 4.3% | 5.5% | 5.3% | 6.5% |
| Debt to Equity | 0.15x | 0.33x | 0.29x | 0.40x | 1.04x | 0.81x | 0.72x | 0.68x | 0.34x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
NORINCO International Cooperation Ltd dividends
- Dividend yield
- 3.06%
- Forward dividend
- 0.14 CNY
- Payout ratio
- 46.1%
- Ex-dividend date
- Jun 17, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 333M | 0.29 | 46.1% |
| 2024 | CNY 294M | 0.28 | 28.0% |
| 2023 | CNY 269M | 0.25 | 29.3% |
| 2022 | CNY 62.3M | 0.06 | 9.8% |
| 2021 | CNY 75.4M | 0.08 | 12.1% |
| 2020 | CNY 70.8M | 0.08 | 9.4% |
| 2019 | CNY 61.6M | 0.07 | 8.7% |
| 2018 | CNY 131M | 0.15 | 22.2% |
| 2017 | CNY 65.9M | 0.08 | 13.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.5:1 on Jun 1, 2018.
Who owns NORINCO International Cooperation Ltd
- Insiders 57.35%
- Institutions 3.87%
- Public & others 38.78%
- Shares outstanding 1.16B
- Free float 563M
NORINCO International Cooperation Ltd company profile
- Company name
- NORINCO International Cooperation Ltd
- Ticker
- 000065.SHE
- ISIN
- CNE000000VZ9
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Apr 16, 1998
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 3,812
- Fiscal year end
- December
- Address
- North International Building, Beijing, China, 100040
- Phone
- 86 10 6813 7500
- Website
- norinco-intl.com
About NORINCO International Cooperation Ltd
NORINCO International Cooperation Ltd. engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally. The company is involved in engineering and logistics; acquisition and sale of coking coal resources; warehousing; export of heavy equipment, commercial and mining vehicles, and equipment, petroleum equipment and services, logistics automation systems, and other products; construction projects for rail transit, power energy, municipal engineering, mining, and power plants, etc., as well as warehousing and logistics services; heavy vehicles and coal; investment, construction, and operation of power energy projects; and production and sale of tinplate packaging containers, including tinplate spray, chemical, milk powder, and sundry cans. It also provides transportation, mining, solar and wind power, investment management, and freight forwarding services. In addition, the company engages in general contracting of industrial, energy, transportation, and civil engineering construction projects; dispatch of labor personnel; aluminum profiles, aluminum doors and windows, aluminum products, building curtain walls, and indoor and outdoor decoration projects. NORINCO International Cooperation Ltd. was founded in 1984 and is headquartered in Beijing, China.
NORINCO International Cooperation Ltd management
5- Mr. Jun ShanGM & Director · born 1970
- Mr. Xiao Dong DuDeputy GM & Director · born 1969
- Mr. Xiao Bing WangDeputy General Manager · born 1968
- Mr. Xiang ChenDeputy General Manager · born 1984
- Lei ChenHead of Accounting