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; municipal heating pipeline construction and residential renovation; acquisition and sale of coking coal resources; warehousing… Read more
NORINCO International Cooperation Ltd (000065) - Net Assets
Latest net assets as of September 2025: CN¥10.90 Billion CNY
Based on the latest financial reports, NORINCO International Cooperation Ltd (000065) has net assets worth CN¥10.90 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥25.28 Billion) and total liabilities (CN¥14.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.90 Billion |
| % of Total Assets | 43.13% |
| Annual Growth Rate | 23.07% |
| 5-Year Change | 64.08% |
| 10-Year Change | 372.17% |
| Growth Volatility | 34.19 |
NORINCO International Cooperation Ltd - Net Assets Trend (1995–2024)
This chart illustrates how NORINCO International Cooperation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NORINCO International Cooperation Ltd (1995–2024)
The table below shows the annual net assets of NORINCO International Cooperation Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.22 Billion | +9.93% |
| 2023-12-31 | CN¥9.29 Billion | +8.61% |
| 2022-12-31 | CN¥8.56 Billion | +25.09% |
| 2021-12-31 | CN¥6.84 Billion | +9.87% |
| 2020-12-31 | CN¥6.23 Billion | +14.18% |
| 2019-12-31 | CN¥5.45 Billion | +18.34% |
| 2018-12-31 | CN¥4.61 Billion | +11.74% |
| 2017-12-31 | CN¥4.12 Billion | +12.66% |
| 2016-12-31 | CN¥3.66 Billion | +69.17% |
| 2015-12-31 | CN¥2.16 Billion | +83.21% |
| 2014-12-31 | CN¥1.18 Billion | +22.52% |
| 2013-12-31 | CN¥964.06 Million | +24.04% |
| 2012-12-31 | CN¥777.23 Million | +20.72% |
| 2011-12-31 | CN¥643.81 Million | +12.31% |
| 2010-12-31 | CN¥573.27 Million | +6.84% |
| 2009-12-31 | CN¥536.55 Million | +19.57% |
| 2008-12-31 | CN¥448.75 Million | +4.67% |
| 2007-12-31 | CN¥428.71 Million | -16.51% |
| 2006-12-31 | CN¥513.50 Million | +16.63% |
| 2005-12-31 | CN¥440.26 Million | +2.12% |
| 2004-12-31 | CN¥431.14 Million | +13.52% |
| 2003-12-31 | CN¥379.79 Million | +6.40% |
| 2002-12-31 | CN¥356.94 Million | +7.65% |
| 2001-12-31 | CN¥331.57 Million | +124.89% |
| 2000-12-31 | CN¥147.44 Million | +11.48% |
| 1999-12-31 | CN¥132.25 Million | +10.54% |
| 1998-12-31 | CN¥119.64 Million | +86.71% |
| 1997-12-31 | CN¥64.08 Million | +120.61% |
| 1996-12-31 | CN¥29.05 Million | +16.97% |
| 1995-12-31 | CN¥24.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NORINCO International Cooperation Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 115989.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.33 Billion | 66.89% |
| Common Stock | CN¥1.02 Billion | 10.84% |
| Other Comprehensive Income | CN¥61.14 Million | 0.65% |
| Other Components | CN¥2.05 Billion | 21.62% |
| Total Equity | CN¥9.46 Billion | 100.00% |
NORINCO International Cooperation Ltd Competitors by Market Cap
The table below lists competitors of NORINCO International Cooperation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
U.S. Physical Therapy Inc
F:UPH
|
$959.81 Million |
|
Jiangsu Leili Motor Corp Ltd
SHE:300660
|
$960.33 Million |
|
Piramal Pharma Limited
NSE:PPLPHARMA
|
$960.51 Million |
|
PROG HOLDINGS A DL-50
F:AZD
|
$960.90 Million |
|
Hypoport SE
PINK:HYPOF
|
$959.41 Million |
|
Etablissementen Franz Colruyt NV
BR:COLR
|
$959.21 Million |
|
Harbin Hatou Investment Co Ltd
SHG:600864
|
$959.18 Million |
|
Kunshan Dongwei Technology Co Ltd
SHG:688700
|
$958.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NORINCO International Cooperation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,465,428,013 to 9,458,689,738, a change of 993,261,725 (11.7%).
- Net income of 1,049,512,521 contributed positively to equity growth.
- Dividend payments of 293,525,035 reduced retained earnings.
- Other comprehensive income increased equity by 238,764,905.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.05 Billion | +11.1% |
| Dividends Paid | CN¥293.53 Million | -3.1% |
| Other Comprehensive Income | CN¥238.76 Million | +2.52% |
| Other Changes | CN¥-1.49 Million | -0.02% |
| Total Change | CN¥- | 11.73% |
Book Value vs Market Value Analysis
This analysis compares NORINCO International Cooperation Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 325.67x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.04 | CN¥13.78 | x |
| 1996-12-31 | CN¥0.05 | CN¥13.78 | x |
| 1997-12-31 | CN¥0.11 | CN¥13.78 | x |
| 1998-12-31 | CN¥0.20 | CN¥13.78 | x |
| 1999-12-31 | CN¥0.23 | CN¥13.78 | x |
| 2000-12-31 | CN¥0.25 | CN¥13.78 | x |
| 2001-12-31 | CN¥0.56 | CN¥13.78 | x |
| 2002-12-31 | CN¥0.61 | CN¥13.78 | x |
| 2003-12-31 | CN¥0.64 | CN¥13.78 | x |
| 2004-12-31 | CN¥0.72 | CN¥13.78 | x |
| 2005-12-31 | CN¥0.75 | CN¥13.78 | x |
| 2006-12-31 | CN¥0.76 | CN¥13.78 | x |
| 2007-12-31 | CN¥0.58 | CN¥13.78 | x |
| 2008-12-31 | CN¥0.63 | CN¥13.78 | x |
| 2009-12-31 | CN¥0.71 | CN¥13.78 | x |
| 2010-12-31 | CN¥0.76 | CN¥13.78 | x |
| 2011-12-31 | CN¥0.85 | CN¥13.78 | x |
| 2012-12-31 | CN¥1.03 | CN¥13.78 | x |
| 2013-12-31 | CN¥1.27 | CN¥13.78 | x |
| 2014-12-31 | CN¥1.51 | CN¥13.78 | x |
| 2015-12-31 | CN¥2.48 | CN¥13.78 | x |
| 2016-12-31 | CN¥3.93 | CN¥13.78 | x |
| 2017-12-31 | CN¥4.26 | CN¥13.78 | x |
| 2018-12-31 | CN¥4.90 | CN¥13.78 | x |
| 2019-12-31 | CN¥5.77 | CN¥13.78 | x |
| 2020-12-31 | CN¥6.04 | CN¥13.78 | x |
| 2021-12-31 | CN¥6.97 | CN¥13.78 | x |
| 2022-12-31 | CN¥7.58 | CN¥13.78 | x |
| 2023-12-31 | CN¥7.91 | CN¥13.78 | x |
| 2024-12-31 | CN¥9.10 | CN¥13.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NORINCO International Cooperation Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.50%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.59x
- Recent ROE (11.10%) is below the historical average (12.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 28.19% | 7.72% | 1.42x | 2.57x | CN¥4.52 Million |
| 1996 | 38.44% | 10.21% | 1.59x | 2.36x | CN¥8.26 Million |
| 1997 | 18.29% | 11.58% | 0.86x | 1.83x | CN¥5.31 Million |
| 1998 | 7.91% | 5.67% | 0.98x | 1.42x | CN¥-2.50 Million |
| 1999 | 12.46% | 6.91% | 1.00x | 1.80x | CN¥3.25 Million |
| 2000 | 10.30% | 4.72% | 1.05x | 2.08x | CN¥440.62K |
| 2001 | 5.20% | 2.57% | 0.78x | 2.59x | CN¥-15.92 Million |
| 2002 | 7.11% | 3.20% | 0.83x | 2.68x | CN¥-10.33 Million |
| 2003 | 5.37% | 1.96% | 0.86x | 3.19x | CN¥-17.47 Million |
| 2004 | 8.29% | 2.04% | 1.43x | 2.85x | CN¥-7.26 Million |
| 2005 | 5.43% | 1.91% | 0.94x | 3.04x | CN¥-20.03 Million |
| 2006 | 3.01% | 0.94% | 1.03x | 3.13x | CN¥-32.74 Million |
| 2007 | -12.40% | -4.34% | 0.80x | 3.59x | CN¥-83.89 Million |
| 2008 | 8.96% | 3.26% | 0.50x | 5.48x | CN¥-4.18 Million |
| 2009 | 12.60% | 3.02% | 0.80x | 5.20x | CN¥11.66 Million |
| 2010 | 9.13% | 2.40% | 0.94x | 4.07x | CN¥-4.17 Million |
| 2011 | 13.48% | 2.79% | 1.13x | 4.28x | CN¥18.95 Million |
| 2012 | 18.31% | 7.21% | 0.52x | 4.88x | CN¥54.33 Million |
| 2013 | 19.52% | 5.28% | 0.74x | 4.98x | CN¥76.12 Million |
| 2014 | 19.23% | 6.10% | 0.61x | 5.12x | CN¥88.61 Million |
| 2015 | 15.45% | 3.70% | 1.22x | 3.40x | CN¥105.87 Million |
| 2016 | 14.46% | 5.26% | 0.72x | 3.81x | CN¥142.19 Million |
| 2017 | 13.67% | 5.13% | 0.85x | 3.14x | CN¥134.06 Million |
| 2018 | 14.10% | 5.90% | 0.87x | 2.74x | CN¥171.43 Million |
| 2019 | 14.14% | 6.39% | 0.75x | 2.95x | CN¥206.68 Million |
| 2020 | 13.36% | 5.85% | 0.71x | 3.22x | CN¥189.05 Million |
| 2021 | 10.04% | 4.78% | 0.67x | 3.11x | CN¥2.47 Million |
| 2022 | 8.20% | 4.74% | 0.61x | 2.85x | CN¥-139.32 Million |
| 2023 | 10.84% | 4.27% | 0.90x | 2.81x | CN¥71.52 Million |
| 2024 | 11.10% | 5.50% | 0.78x | 2.59x | CN¥103.64 Million |
Industry Comparison
This section compares NORINCO International Cooperation Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,412,632,266
- Average return on equity (ROE) among peers: -22.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NORINCO International Cooperation Ltd (000065) | CN¥10.90 Billion | 28.19% | 1.32x | $959.60 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $2.21 Billion | 1.80% | 1.20x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $273.69 Million | 5.51% | 1.09x | $1.18 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $1.08 Billion | 6.39% | 1.55x | $602.43 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $433.84 Million | -22.79% | 2.88x | $597.20 Million |
| Jinyuan Cement Co Ltd (000546) | $4.61 Billion | 0.86% | 0.22x | $312.99 Million |
| Hunan Investment Group Co Ltd (000548) | $1.41 Billion | 7.29% | 0.50x | $259.03 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $134.20 Million | -202.04% | 12.95x | $1.18 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $307.94 Million | -4.18% | 0.33x | $300.46 Million |
| Hainan Expressway Co Ltd (000886) | $2.26 Billion | 1.18% | 0.16x | $593.20 Million |