NORINCO International Cooperation Ltd

NORINCO International Cooperation Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.54 and a current ratio of 1.4, indicating adequate short-term liquidity coverage. The company holds total assets of CNY 26.15 billion against total liabilities of CNY 15.05 billion, resulting in total equity of CNY 11.10 billion. Long-term debt stands at CNY 6.02 billion, while operating cash flow of CNY 1.05 billion exceeds free cash flow of CNY 302 million due to capital expenditures of CNY 499 million. The firm trades at a price-to-book ratio of 0.93, suggesting the market values the company near its book value.

Profitability metrics indicate modest returns, with a return on equity of 6.52% and a return on assets of 2.77%. The company generated net income of CNY 723 million on revenue of CNY 13.55 billion, resulting in a net margin of approximately 5.3%. Operating income of CNY 937 million reflects an operating margin of roughly 6.9%, while gross profit of CNY 1.92 billion indicates a gross margin of 14.2%. These margins are consistent with the capital-intensive nature of the construction and engineering sector, where high leverage and working capital requirements typically compress net returns.