NORINCO International(SZ:000065) Sou Hu Cai Jing·2025-11-17 13:44Core Viewpoint - As of November 17, 2025, Beifang International (000065) closed at 11.61 yuan, marking a 2.02% increase, with a trading volume of 232,400 hands and a transaction value of 267 million yuan [1] Group 1: Financial Performance - For the first three quarters of 2025, Beifang International reported a main revenue of 9.915 billion yuan, a year-on-year decrease of 29.79% [3] - The net profit attributable to shareholders was 485 million yuan, down 36.02% year-on-year [3] - The third quarter alone saw a main revenue of 3.181 billion yuan, a decline of 14.2% year-on-year, and a net profit of 176 million yuan, down 19.49% year-on-year [3] - The company’s debt ratio stands at 56.87%, with a gross profit margin of 14.24% [3] Group 2: Market Position and Valuation - Beifang International's total market value is 12.439 billion yuan, ranking 21st in the engineering construction industry [3] - The company has a price-to-earnings ratio (P/E) of 19.25, which is higher than the industry average of 12.45, ranking 18th [3] - The price-to-book ratio (P/B) is 1.22, significantly lower than the industry average of 3.73, ranking 24th [3] - The return on equity (ROE) is 4.96%, outperforming the industry average of 0.45%, ranking 19th [3] Group 3: Recent Trading Activity - On November 17, 2025, the net outflow of main funds was 4.6347 million yuan, accounting for 1.73% of the total transaction value [2] - Retail investors experienced a net outflow of 5.1616 million yuan, representing 1.93% of the total transaction value [2] - Over the past 90 days, 8 institutions have rated the stock, with 6 buy ratings and 2 hold ratings, and the average target price set at 14.44 yuan [4]