NORINCO International(SZ:000065) Xin Lang Cai Jing·2025-08-26 09:45Core Viewpoint - The company held an investor relations meeting to address key questions regarding project progress, stock issuance, and performance amidst market fluctuations [2][3]. Group 1: Project Progress - Investors inquired about the status of major projects including the Egypt Alexandria Abu Qir Metro, Abu Dhabi KENT Camp, Bangladesh coal-fired power plant EPC, and Bosnia Komany Mountain photovoltaic project, with the company directing them to the latest half-year report for detailed updates [2]. - The company confirmed that it has not received any notifications from the controlling shareholder regarding participation in the China North Industries Group restructuring [4]. Group 2: Stock Issuance - The company reported that it submitted the application for a targeted stock issuance on July 3, 2025, and received an inquiry letter from the Shenzhen Stock Exchange on July 14, 2025, indicating that the process is still subject to approval [2]. - The stock issuance plan has been approved by the board and shareholders, and changes to the pricing model are not permissible under current circumstances [2]. Group 3: Stock Performance and Market Conditions - The company's stock has experienced a decline for seven consecutive trading days since August 18, 2025, despite a robust market environment with a trading volume of 3.14 trillion yuan on August 25, 2025 [3]. - The company emphasized that short-term stock price fluctuations do not reflect its long-term value, attributing the decline to macroeconomic factors, industry trends, and market sentiment [3]. Group 4: Financial Performance - The company reported a decline in performance for the first half of the year, primarily due to fluctuations in coking coal prices impacting profits [3]. - The company remains optimistic about its operations for the third quarter and the full year, committing to transparent information disclosure [3]. Group 5: Strategic Focus - The company is focusing on post-conflict reconstruction opportunities related to the Russia-Ukraine conflict, leveraging its international engineering contracting and clean energy experience [3]. - The company is targeting markets rich in resources and potential synergies, including Asia-Pacific, Central and Eastern Europe, and the Middle East [4]. - The international engineering industry is trending towards green and intelligent solutions, with companies capable of providing comprehensive lifecycle services expected to gain more opportunities [4].