关于续聘会计师事务所的公告 股票简称：北方国际 股票代码：000065 公告编号：2025-087 北方国际合作股份有限公司 关于续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 特别提示： 1、公司 2024 年度审计意见为标准无保留意见； 2、本次聘任不涉及变更会计师事务所； 3、公司董事会审计委员会、董事会对本次续聘会计师事务所事项不存在异 议。 4、本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国 有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 北方国际合作股份有限公司（以下简称"公司"或"北方国际"）于 2025 年 10 月 29 日召开九届十四次董事会，审议通过了《续聘会计师事务所》的议案， 同意续聘立信会计师事务所（特殊普通合伙）（以下简称"立信会计师事务所"） 为公司 2025 年度财务报告及内部控制审计机构。该议案尚需提交公司股东会审 议。现将此次拟续聘会计师事务所的基本情况公告如下： 一、续聘会计师事务所的情况说明 立信会计师事务所为公司 2024 年度审计机构，其具备证 ...

九届十四次董事会决议公告 股票简称：北方国际 股票代码：000065 公告编号：2025-085 北方国际合作股份有限公司 九届十四次董事会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 北方国际合作股份有限公司（以下简称"公司"或"北方国际"）九届十四次董 事会会议通知已于2025年10月20日以电子邮件和传真方式送达公司全体董事。本 次会议于2025年10月29日以现场会议表决的形式召开。会议应到会董事9名，实 际到会董事9名。会议由董事长纪巍主持。会议召开程序符合《公司法》及《公 司章程》的有关规定，会议合法有效。经全体参会董事审议： 二、会议审议通过了《续聘会计师事务所》的议案。 表决结果：同意9票，反对0票，弃权0票。 本议案已经董事会审计委员会2025年第三次会议审议通过。具体内容详见同 日刊登于《中国证券报》、《证券时报》和巨潮资讯网《关于续聘会计师事务所的 公告》（2025-087）。 此议案尚需提交股东会审议批准，股东会时间另行通知。 备查文件 （1） 九届十四次董事会决议 北方国际合作股份有限公司董事会 二〇二五年十月三十一日 一、 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥3,180,562,085.34, a decrease of 14.20% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥175,724,009.53, down 19.49% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥174,399,613.16, a decrease of 19.32%[5]. - The basic earnings per share decreased to ¥0.17, down 22.73% from the previous year, and diluted earnings per share were also ¥0.17, a decrease of 19.05%[5]. - Total operating revenue for the current period is ¥9,915,075,670.68, a decrease of 29.4% compared to ¥14,121,636,179.14 in the previous period[17]. - Net profit for the current period is ¥485,006,756.07, a decline of 38.6% from ¥789,556,779.38 in the previous period[18]. - Total comprehensive income amounted to ¥519,347,881.97, a decrease from ¥699,362,426.05 in the previous period[19]. - Basic earnings per share decreased to ¥0.46 from ¥0.76, while diluted earnings per share fell to ¥0.45 from ¥0.73[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥25,279,563,333.27, an increase of 3.39% compared to the end of the previous year[5]. - The company's total assets amount to ¥25,279,563,333.27, an increase from ¥24,451,332,685.01 in the previous period[15]. - Total liabilities are reported at ¥14,377,238,691.27, compared to ¥14,233,308,387.00 in the previous period[15]. - The company's expected liabilities decreased by 47.77% compared to the beginning of the year, mainly due to the reversal of certain expected liabilities[9]. - The company's total equity attributable to shareholders increased by 7.61% compared to the end of the previous year, reaching ¥10,178,953,461.76[5]. - The company's equity attributable to shareholders is ¥10,178,953,461.76, up from ¥9,458,689,738.39 in the previous period[15]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥897,875,262.02, a significant increase of 296.57%[5]. - Net cash flow from operating activities was ¥897,875,262.02, a significant improvement from a negative cash flow of ¥456,760,712.24 in the previous period[20]. - Cash inflow from operating activities totaled ¥11,335,099,658.66, down from ¥15,028,080,697.68[20]. - Cash outflow from operating activities decreased to ¥10,437,224,396.64 from ¥15,484,841,409.92[20]. - Net cash flow from investing activities was negative at -¥783,011,605.67, worsening from -¥523,552,755.57[21]. - Cash inflow from financing activities increased to ¥3,133,673,245.84 from ¥2,242,855,986.22[21]. - Net cash flow from financing activities improved to ¥232,483,498.06 from ¥199,531,916.06[21]. - The ending balance of cash and cash equivalents was ¥4,816,801,409.80, up from ¥3,070,580,079.94[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,189, with no preferred shareholders having restored voting rights[11]. - The largest shareholder, China North Industries Group Corporation, holds 40.31% of shares, totaling 431,872,107 shares[11]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the top three alone accounting for over 56%[11]. - Jiangsu Yueda Group, another major shareholder, has pledged 6,500,000 shares[11]. - The company has 27,689,073 shares involved in margin trading by major shareholders[12]. - The company has not reported any changes in the participation of major shareholders in securities lending or borrowing activities[12]. Inventory and Expenses - The company's inventory decreased by 40.99% compared to the beginning of the year, mainly due to a reduction in coking coal inventory[8]. - Inventory decreased significantly from ¥1,564,263,208.20 to ¥923,083,904.69, a reduction of approximately 41%[13]. - Research and development expenses for the current period are ¥54,421,213.22, slightly up from ¥50,052,709.10 in the previous period[17]. - The company's financial expenses increased by 40.24% year-on-year, primarily due to exchange rate fluctuations during the reporting period[10]. - The company's investment income increased by 113.16% year-on-year, primarily due to the liquidation of an associated company and forward foreign exchange contracts[10]. - The company reported an investment income of ¥599,429.23, recovering from a loss of ¥4,554,996.65 in the previous period[18]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[15]. - The company did not undergo an audit for the third quarter financial report[22].

Core Viewpoint - As of October 29, 2025, Beifang International (000065) closed at 11.31 yuan, with a slight increase of 0.18%, indicating a mixed performance in trading activity and capital flow [1][2]. Group 1: Stock Performance and Trading Data - On October 29, 2025, the stock had a turnover rate of 1.6%, with a trading volume of 155,800 hands and a total transaction amount of 175 million yuan [1]. - The capital flow data showed a net outflow of 30.49 million yuan from main funds, accounting for 17.42% of the total transaction amount, while retail investors saw a net inflow of 27.92 million yuan, representing 15.96% of the total [1][2]. - Over the past five days, the stock experienced fluctuations, with a notable drop of 1.05% on October 28, 2025, and a significant net outflow of 43.24 million yuan from main funds [2]. Group 2: Financial Performance and Industry Comparison - Beifang International reported a total market value of 12.12 billion yuan, which is significantly lower than the industry average of 22.78 billion yuan, ranking 23rd out of 68 in the engineering construction sector [3]. - The company’s net profit for the first half of 2025 was 309 million yuan, reflecting a year-on-year decline of 42.71%, with a gross margin of 13.09%, slightly below the industry average of 13.37% [3]. - The company’s debt ratio stands at 56.24%, with financial expenses amounting to 17.37 million yuan, indicating a challenging financial environment [3]. Group 3: Analyst Ratings and Market Sentiment - In the last 90 days, six institutions provided ratings for Beifang International, with five recommending a buy and one suggesting an increase in holdings, while the average target price set by analysts is 14.44 yuan [4].

关于向特定对象发行股票提交募集说明书（注册稿） 登录新浪财经APP 搜索【信披】查看更多考评等级 证券简称：北方国际 证券代码：000065 公告编码：2025-084 北方国际合作股份有限公司 根据项目实际进展及相关审核要求，公司会同相关中介机构对募集说明书等申请文件内容进行了更新和 修订，具体内容详见公司同日在巨潮资讯网披露的相关公告文件。 公司本次向特定对象发行股票事项尚需经中国证券监督管理委员会（以下简称"中国证监会"）同意注册 后方可实施，最终能否获得中国证监会作出同意注册的决定及其时间尚存在不确定性。公司将根据该事 项的进展情况及时履行信息披露义务，敬请广大投资者谨慎决策，注意投资风险。 特此公告。 北方国际合作股份有限公司董事会 等申请文件的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 北方国际合作股份有限公司（以下简称"公司"）向特定对象发行股票申请已于2025年10月22日获得深圳 证券交易所上市审核中心审核通过，具体内容详见公司于2025年10月23日在巨潮资讯网上披露的《北方 国际合作股份有限公司关于向特定对象发行股票申请获得 ...

股票简称：北方国际 股票代码：000065 北方国际合作股份有限公司 NORINCO International Cooperation Ltd. （注册地址：北京市丰台区南四环西路 188 号 12 区 47 号楼 3 层（301、302）） 2024年度向特定对象发行A股股票 募集说明书 （注册稿） 保荐人（主承销商） （广东省深圳市福田区中心三路8号卓越时代广场（二期）北座） 二〇二五年十月 北方国际合作股份有限公司 2024 年度向特定对象发行 A 股股票 募集说明书 声 明 本公司及全体董事、高级管理人员承诺募集说明书及其他信息披露资料不存在任何 虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担相应的法律责 任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务会计资 料真实、完整。 3、本次向特定对象发行股票的定价基准日为公司本次向特定对象发行股票的发行 期首日。本次向特定对象发行股票的发行价格不低于定价基准日前二十个交易日公司股 票交易均价的 80%（定价基准日前二十个交易日股票交易均价=定价基准日前二十个交 易日股票交易总额/定价基准日前二十个交易日股票交易总 ...

证券简称：北方国际 证券代码：000065 公告编码：2025-084 北方国际合作股份有限公司 关于向特定对象发行股票提交募集说明书（注册稿） 等申请文件的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 北方国际合作股份有限公司（以下简称"公司"）向特定对象发行股票申请 已于2025年10月22日获得深圳证券交易所上市审核中心审核通过，具体内容详见 公司于2025年10月23日在巨潮资讯网上披露的《北方国际合作股份有限公司关于 向特定对象发行股票申请获得深圳证券交易所上市审核中心审核通过的公告》 （公告编码：2025-083）。 根据项目实际进展及相关审核要求，公司会同相关中介机构对募集说明书等 申请文件内容进行了更新和修订，具体内容详见公司同日在巨潮资讯网披露的相 关公告文件。 公司本次向特定对象发行股票事项尚需经中国证券监督管理委员会（以下简 称"中国证监会"）同意注册后方可实施，最终能否获得中国证监会作出同意注 册的决定及其时间尚存在不确定性。公司将根据该事项的进展情况及时履行信息 披露义务，敬请广大投资者谨慎决策，注意投资风险。 特此公告。 ...

中信证券股份有限公司 关于 北方国际合作股份有限公司 2024 年度向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） 北方国际合作股份有限公司 2024 年度向特定对象发行 A 股股票 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）接受北方国际合 作股份有限公司（以下简称"北方国际"、"发行人"或"公司"）的委托，担任其 向特定对象发行 A 股股票的保荐人。 中信证券股份有限公司及保荐代表人根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司证 券发行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、法规、中国证 监会及深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务 规则、行业执业规范和道德准则出具上市保荐书，并保证所出具文件的真实性、准确 性、完整性。 在本上市保荐书中，除上下文另有所指，释义与《北方国际合作股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书》相同。 3-3-1 广东省深圳市福田区中心三路8号卓越时代广场（二期）北座 二〇二五年十月 | ...

中信证券股份有限公司 关于 北方国际合作股份有限公司 2024 年度向特定对象发行 A 股股票 之 发行保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年十月 | 附件一 35 | | --- | 北方国际合作股份有限公司2024年度向特定对象发行A股股票 发行保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）接受北方国际合作 股份有限公司（以下简称"北方国际"、"发行人"或"公司"）的委托，担任其向特 定对象发行 A 股股票的保荐人。 中信证券股份有限公司及保荐代表人根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司证 券发行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、法规和中国证券 监督管理委员会（以下简称"中国证监会"）、深圳证券交易所（以下简称"深交所"） 的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、行业执业规范和道 德准则出具发行保荐书，并保证所出具文件的真实性、准确性和完整性。若因保荐人为 发行人本次发行制作、出具的文件有虚假记载 ...

Investment Rating - The report does not explicitly state an investment rating for the construction and decoration industry. Core Insights - High-quality development, expanding domestic demand, and comprehensive rectification of "involution" competition are key themes for the 14th Five-Year Plan. The report emphasizes the importance of a strong domestic market as a strategic support for modernization in China. It suggests that construction companies will adopt a mindset focused on cash flow and profitability rather than just revenue growth [1][2]. - As of September 2025, fixed asset investment decreased by 0.5% year-on-year, while infrastructure investment (excluding electricity) increased by 1.1%. Real estate investment saw a significant decline of 13.9% year-on-year, and manufacturing investment grew by 4.0% [1][2]. - The report indicates that infrastructure investment is expected to remain stable during the 14th Five-Year Plan period despite current challenges [2]. Market Performance - During the week of October 20-24, 2025, the construction index rose by 2.91%, and the building materials index increased by 1.60%, while the Shanghai Composite Index rose by 2.88%. Year-to-date, the construction index has increased by 9.76%, ranking 19th out of 30 industries, and the building materials index has risen by 18.69%, ranking 12th [3][8]. - The report highlights that the market is becoming more active, particularly for low-growth, low-valuation, and low-holding construction and building materials sectors, especially heavyweight stocks [3][8]. Special Bonds and Funding Status - As of October 24, 2025, a total of 1,123.61 billion yuan in new local government special bonds were issued during the week, a week-on-week increase of 459.27%. The cumulative issuance for the year reached 38,096.76 billion yuan, a year-on-year increase of 0.22% [2][19]. - The report notes that the funding availability rate for construction sites was 59.62%, with non-residential projects at 61.06% and residential projects at 52.76% [24]. Cement Industry Data - The national average cement price as of October 23, 2025, was 263.5 yuan per ton, reflecting a week-on-week increase of 0.8% but a year-on-year decrease of 17.8%. The report anticipates that cement prices will continue to fluctuate [35][39]. - Cement production from January to September 2025 totaled 1.259 billion tons, a year-on-year decrease of 5.2%, with September's production down 8.6% compared to the previous year [49][55]. Key Company Orders and Valuation - The report suggests focusing on major construction blue-chip stocks such as China Railway, China Communications Construction, and China State Construction, as well as companies involved in overseas projects and those benefiting from domestic demand [3][8]. - The current price-to-earnings ratios for the construction and building materials sectors are 9.46 and 21.72, respectively, indicating that the construction sector is at a historically low valuation level [3][14].