New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Duyuru • Mar 31
NORINCO International Cooperation Ltd. to Report Q1, 2026 Results on Apr 27, 2026 NORINCO International Cooperation Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.68 (down from CN¥1.05 in FY 2024). Revenue: CN¥13.6b (down 29% from FY 2024). Net income: CN¥723.3m (down 31% from FY 2024). Profit margin: 5.3% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Mar 31
NORINCO International Cooperation Ltd., Annual General Meeting, Apr 24, 2026 NORINCO International Cooperation Ltd., Annual General Meeting, Apr 24, 2026, at 14:30 China Standard Time. Location: North International Building, Yard No. 6, Zhengda Road, Shijingshan District, Beijing China Duyuru • Dec 31
NORINCO International Cooperation Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 NORINCO International Cooperation Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.22 in 3Q 2024). Revenue: CN¥3.18b (down 14% from 3Q 2024). Net income: CN¥175.7m (down 20% from 3Q 2024). Profit margin: 5.5% (down from 5.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Duyuru • Sep 30
NORINCO International Cooperation Ltd. to Report Q3, 2025 Results on Oct 31, 2025 NORINCO International Cooperation Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.28 in 2Q 2024). Revenue: CN¥3.08b (down 43% from 2Q 2024). Net income: CN¥132.0m (down 52% from 2Q 2024). Profit margin: 4.3% (down from 5.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 02
NORINCO International Cooperation Ltd. to Report First Half, 2025 Results on Aug 26, 2025 NORINCO International Cooperation Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥11.73, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.26 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.26 in 1Q 2024). Revenue: CN¥3.65b (down 27% from 1Q 2024). Net income: CN¥176.9m (down 33% from 1Q 2024). Profit margin: 4.8% (down from 5.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Duyuru • Apr 02
NORINCO International Cooperation Ltd. Proposes Final Cash Dividend for 2024 NORINCO International Cooperation Ltd. proposed final cash dividend of CNY 1.49000000 per 10 shares (tax included) for 2024. Duyuru • Apr 01
NORINCO International Cooperation Ltd., Annual General Meeting, Apr 24, 2025 NORINCO International Cooperation Ltd., Annual General Meeting, Apr 24, 2025, at 14:30 China Standard Time. Location: North International Building, Yard No. 6, Zhengda Road, Shijingshan District, Beijing China Duyuru • Mar 31
NORINCO International Cooperation Ltd. to Report Q1, 2025 Results on Apr 28, 2025 NORINCO International Cooperation Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥11.98, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in China. Total returns to shareholders of 57% over the past three years. Duyuru • Dec 31
NORINCO International Cooperation Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 NORINCO International Cooperation Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.87, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 74% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.19 in 3Q 2023). Revenue: CN¥3.71b (down 12% from 3Q 2023). Net income: CN¥218.3m (up 16% from 3Q 2023). Profit margin: 5.9% (up from 4.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Duyuru • Sep 30
NORINCO International Cooperation Ltd. to Report Q3, 2024 Results on Oct 31, 2024 NORINCO International Cooperation Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 37% over the past three years. Duyuru • Sep 24
NORINCO International Cooperation Ltd. Approves Board and Supervisor Elections NORINCO International Cooperation Ltd. at its EGM held on September 20, 2024 approved election of Ji Wei, Shan Jun and Xu Zhou as non-independent director, Xie Xingguo, Yao Yi and Song Dongsheng as independent director and Li Zheng'an as supervisor. Price Target Changed • Aug 23
Price target decreased by 28% to CN¥11.00 Down from CN¥15.21, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥8.65. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.92 last year. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.31 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥5.40b (down 3.7% from 2Q 2023). Net income: CN¥275.4m (down 11% from 2Q 2023). Profit margin: 5.1% (down from 5.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Duyuru • Jun 29
NORINCO International Cooperation Ltd. to Report First Half, 2024 Results on Aug 22, 2024 NORINCO International Cooperation Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Construction industry in China. Total returns to shareholders of 72% over the past three years. Major Estimate Revision • Apr 06
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥22.6b to CN¥25.0b. EPS estimate increased from CN¥1.02 to CN¥1.05 per share. Net income forecast to grow 14% next year vs 30% growth forecast for Construction industry in China. Consensus price target down from CN¥15.73 to CN¥15.41. Share price rose 8.4% to CN¥11.79 over the past week. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.92 (up from CN¥0.67 in FY 2022). Revenue: CN¥21.5b (up 60% from FY 2022). Net income: CN¥918.1m (up 44% from FY 2022). Profit margin: 4.3% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.41, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 90% over the past three years. New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (11% increase in shares outstanding). Duyuru • Dec 29
NORINCO International Cooperation Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 NORINCO International Cooperation Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥4.23b (up 11% from 3Q 2022). Net income: CN¥188.3m (up 72% from 3Q 2022). Profit margin: 4.5% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Duyuru • Sep 30
NORINCO International Cooperation Ltd. to Report Q3, 2023 Results on Oct 31, 2023 NORINCO International Cooperation Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Duyuru • Aug 31
NORINCO International Cooperation Ltd. Announces Board Appointments NORINCO International Cooperation Ltd. announced that at its 5th Extraordinary General Meeting of 2023 held on 29 August 2023 elected Zhang Liang and Sun Fei as non-independent directors. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.31 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.31. Revenue: CN¥5.61b (up 91% from 2Q 2022). Net income: CN¥308.3m (up 8.5% from 2Q 2022). Profit margin: 5.5% (down from 9.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Duyuru • Jul 04
Norinco International Cooperation Ltd. Announces Final Dividend on A Share for 2022, Payable on July 7, 2023 Norinco International Cooperation Ltd. announced cash dividend of per 10 shares (tax included) on A shares for 2022. Record date: 06 July 2023, Ex-date: 07 July 2023 and Payment date: 07 July 2023. Duyuru • May 19
Norinco International Cooperation Ltd. Approves Final Cash Dividend for the Year 2022 Norinco International Cooperation Ltd. approved final cash dividend/10 shares (tax included) of CNY 0.63490000 for the year 2022. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 171% over the past three years. Reported Earnings • Apr 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.67. Revenue: CN¥13.4b (up 2.9% from FY 2021). Net income: CN¥636.0m (up 2.0% from FY 2021). Profit margin: 4.7% (down from 4.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.37, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Construction industry in China. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥13.03, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Construction industry in China. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Construction industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.28 in 3Q 2021). Revenue: CN¥3.80b (up 13% from 3Q 2021). Net income: CN¥109.8m (down 50% from 3Q 2021). Profit margin: 2.9% (down from 6.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.72, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Construction industry in China. Total returns to shareholders of 7.3% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.28 in 2Q 2021). Revenue: CN¥2.94b (up 13% from 2Q 2021). Net income: CN¥284.0m (up 38% from 2Q 2021). Profit margin: 9.7% (up from 7.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥9.21, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 24x in the Construction industry in China. Total returns to shareholders of 27% over the past three years. Duyuru • Aug 05
Norinco International Cooperation Ltd. Announces Directorate Appointments Norinco International Cooperation Ltd. announced that at the Extraordinary General Meeting of 2022 held on 03 August 2022 elected Hao Feng and Cai Hangqing as non-independent directors. Duyuru • Jul 06
Norinco International Cooperation Ltd. Announces Final Dividend on Share A for 2021, Payable on July 11, 2022 Norinco International Cooperation Ltd. announced Cash dividend/10 shares (tax included): CNY0.62269900 on share A for 2021. Record date: 08 July 2022, Ex-date: 11 July 2022 and Payment date: 11 July 2022. Duyuru • May 28
Norinco International Cooperation Ltd. Approves Cash Dividend for 2021 Norinco International Cooperation Ltd. announced at the AGM held on May 24, 2022 that the company approved Cash dividend/10 shares (tax included) of CNY 0.62270000 for 2021. Duyuru • May 19
Norinco International Cooperation Ltd. Approves Directorial Appointments Norinco International Cooperation Ltd. approved the appointments of Chen Defang and Hui Chunlei as non-independent directors, at the 2nd Extraordinary General Meeting of 2022 held on 17 May 2022. Duyuru • May 08
Norinco International Cooperation Ltd. Proposes Final Dividend for 2021 Norinco International Cooperation Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.62270000 for 2021. Duyuru • May 07
Norinco International Cooperation Ltd., Annual General Meeting, May 24, 2022 Norinco International Cooperation Ltd., Annual General Meeting, May 24, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of independent directors; to consider 2021 work report of the supervisory committee; to consider 2021 profit distribution plan; and to consider the financial service agreement to be signed with a company. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.087 in 1Q 2021). Revenue: CN¥2.45b (up 37% from 1Q 2021). Net income: CN¥104.9m (up 55% from 1Q 2021). Profit margin: 4.3% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non-Independent Director Xiaoming Zhang is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.83, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 22x in the Construction industry in China. Total loss to shareholders of 11% over the past three years. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.81 (down from CN¥0.98 in FY 2020). Revenue: CN¥13.0b (up 1.3% from FY 2020). Net income: CN¥623.8m (down 17% from FY 2020). Profit margin: 4.8% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.32 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.35b (up 13% from 3Q 2020). Net income: CN¥218.0m (down 11% from 3Q 2020). Profit margin: 6.5% (down from 8.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Sep 15
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of the Supervisory Committee Bai Sen Li is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 14
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of the Supervisory Committee Bai Sen Li is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 08
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of the Supervisory Committee Bai Sen Li is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥8.92, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 17x in the Construction industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.087 (vs CN¥0.071 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.79b (up 10% from 1Q 2020). Net income: CN¥67.8m (up 24% from 1Q 2020). Profit margin: 3.8% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.98 (vs CN¥0.92 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥12.9b (up 16% from FY 2019). Net income: CN¥751.4m (up 6.4% from FY 2019). Profit margin: 5.8% (down from 6.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥8.60, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 19x in the Construction industry in China. Total loss to shareholders of 21% over the past three years. Duyuru • Feb 24
Norinco International Cooperation Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Norinco International Cooperation Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 02
New 90-day low: CN¥6.80 The company is down 10.0% from its price of CN¥7.55 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥7.24 The company is down 7.0% from its price of CN¥7.80 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: CN¥8.06 The company is up 1.0% from its price of CN¥7.99 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 1.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥724.7m, up 13% from the prior year. Total revenue was CN¥11.5b over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥7.44 The company is down 6.0% from its price of CN¥7.94 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 1.0% over the same period. Duyuru • Aug 14
Norinco International Cooperation Ltd. to Report First Half, 2020 Results on Aug 31, 2020 Norinco International Cooperation Ltd. announced that they will report first half, 2020 results on Aug 31, 2020