登录新浪财经APP 搜索【信披】查看更多考评等级 2025年8月26日下午15:00 - 17:00，北方国际合作股份有限公司通过全景网"投资者关系互动平 台"（https://ir.p5w.net）以网络远程的方式召开业绩说明会，接受投资者网上提问调研。参与此次活动 的上市公司接待人员包括公司董事长、党委书记纪巍，董事、总经理、党委副书记单钧，独立董事宋东 升，董事会秘书、财务总监倪静 。 此次业绩说明会上，投资者提出多个关键问题，公司予以详细回复。 在项目进展方面，投资者询问埃及亚历山大阿布基尔地铁车辆项目、阿布扎比KENT营地项目，以及在 建的孟加拉燃煤火电站EPC项目、波黑科曼耶山光伏项目等重大项目进展、是否存在延期或其他风险， 以及预计完工和产生收益时间。公司回应称，在建项目最新执行情况详见2025年半年度报告"第三节管 理层讨论与分析 - 三、主营业务分析"。 关于定向增发股票程序，投资者关注其进展、通过深交所审核时间，以及定价模式能否变更。公司表 示，2025年7月3日已报送向特定对象发行股票申请文件，7月14日收到深交所下发的《关于北方国际合 作股份有限公司向特定对象发行股票的审核问询函》（审 ...

感谢您的关注。公司上半年业绩同比有所下滑，主要原因是 受焦煤市场价格波动等因素影响，短期内对利润带来一定压力。 公司整体经营运行稳健，经营质量逐步提升，董事会及管理层将 继续推动海外重点市场拓展，不断提升经营效益和盈利能力，以 长期稳健的发展回报广大投资者。 证券代码： 000065 证券简称：北方国际 北方国际合作股份有限公司投资者关系活动记录表 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 √业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 投资者网上提问 | | 时间 | 年 月 日 (周二) 下午 2025 8 26 15:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 公司董事长、党委书记纪巍，董事、总经理、党委副书记单钧， | | 员姓名 | 独立董事宋东升，董事会秘书、财务总监倪静 | | | 投 ...

Group 1: Economic Performance of State-Owned Enterprises - In the first half of the year, state-owned enterprises under provincial and municipal supervision achieved a total operating revenue of 632.9 billion yuan, with provincial enterprises contributing 219.3 billion yuan and a profit total of 28.32 billion yuan, indicating positive growth in both revenue and profit [1] - The provincial energy investment entity, facing challenges from declining power generation and grid prices, reported a profit total exceeding 4 billion yuan, maintaining year-on-year growth [2] - Jiangsu's traffic infrastructure investment reached 23.368 billion yuan in the first half of the year, with several major projects completed and operational [3] Group 2: Strategic Developments and Innovations - The provincial planning and design group focused on emerging sectors, capturing nearly 400 business opportunities and achieving a year-on-year growth of 5.6% in western region business [4] - The high investment group successfully launched multiple funds, with the second batch of 22 funds totaling 40.8 billion yuan and a third batch of 5 funds starting at 15.5 billion yuan, significantly expanding its investment scope [5] - The Jiangsu International Group is transitioning towards green manufacturing, with a 36.7% increase in new international engineering contracts and a 23% rise in total import and export volume [6] Group 3: Industry-Specific Developments - The provincial salt industry group is optimizing its salt and alkali circular economy, achieving an operating revenue of 2.493 billion yuan and a profit total of 424 million yuan, with production of salt chemical products reaching 4.8588 million tons [7] - The agricultural group reported a 10% increase in summer grain purchases and a 49.2% revenue growth from reserve replenishment activities, indicating strong performance in the agricultural sector [7]

Meeting Details - The eighth board meeting of Zhonggong International Engineering Co., Ltd. was held on August 8, 2025, via telecommunication, with 100% attendance from the eight directors [2]. Resolutions Passed - The board unanimously approved the establishment of a project management office for the Uzbekistan waste-to-energy project, with 8 votes in favor and no votes against or abstentions. This office will manage the project before it becomes commercially operational and ensure the smooth completion of the project [2].

北方国际合作股份有限公司 2025 年第二季度工程业务经营情况公告 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、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司自律监管 指引第 3 号——行业信息披露》等相关规定，北方国际合作股份有限公司（以下 简称"公司"）将 2025 年第二季度经营情况披露如下： | 项 目 | 数量 | 金额(万美元) | | --- | --- | --- | | 2025年第二季度新签项目合同 | 5 | 38,651.15 | | 截至2025年6月30日累计已签约未完工项目合同 | 78 | 1,367,727.20 | | 其中： | | | | 已签约尚未生效项目合同 | 25 | 771,522.97 | | 已生效正在执行项目合同 | 53 | 596,204.22 | | 已中标尚未签约项目合同 | 0 | 0 | 一、公司合同总体情况 股票简称：北方国际 股票代码：000065 公告编号：2025-072 2025 年第二季度工程业务经营情况公告 二、重大项目情况 1、2025 年第二季度新签重要工程 ...

Core Viewpoint - The company has demonstrated significant growth in its international operations, with a strong focus on transforming its overseas engineering contracting model towards an integrated "investment, construction, and operation" approach, particularly in the fields of environmental protection, cable cars, and clean energy [1][4]. Group 1: International Operations - In the first half of the year, the company's international engineering contracting business achieved a contract amount of $973 million, representing a substantial year-on-year increase of 36.66%. This amount already accounts for 84.31% of the total contract amount for the entire year of 2024, which is $1.154 billion [2]. - The company has established over 60 branches in more than 100 countries and regions, reinforcing its presence in traditional areas such as Southeast Asia, South Asia, and the Middle East, while actively exploring new markets like Guyana and Nicaragua [2]. - The company has successfully developed key projects in Central Asia, West Asia, and Latin America, including a soda ash plant in Kazakhstan and a waste-to-energy plant in Uzbekistan [2][3]. Group 2: Strategic Transformation - The company is advancing its "investment, construction, and operation" strategy, with new contracts in engineering investment and operation amounting to $475 million in the second quarter of 2025, marking a significant breakthrough in its strategic transformation [4]. - The management emphasizes that this strategy focuses on environmental protection, cable cars, and clean energy, aiming to stabilize revenue through high-quality operational assets [4]. - The company has developed a portfolio of assets in the environmental sector, including two solid waste treatment projects and eight wastewater treatment projects, while also making progress in the cable car sector with the construction of a cable car project in Xinjiang [4]. Group 3: Market Outlook - Analysts note that the company's strong international capabilities and its transformation towards the "investment, construction, and operation" model are creating a dual driving force for growth, which helps mitigate the volatility risks associated with traditional engineering contracting [5]. - The ongoing "Belt and Road" initiative presents strategic opportunities for the company, positioning it to continuously create long-term value for investors [5].

Key Points - The company reported a contract amount of 428 million USD for various projects, including a soda ash plant in Kazakhstan and a hospital project in Ethiopia [1] - In the first half of 2025, the company signed 10 significant international engineering contracts with a total contract value of 1.126 billion USD, and the effective contract amount for international engineering contracting reached 973 million USD, representing a year-on-year increase of 36.66% [1] - As of June 30, 2025, the company had 39 ongoing international engineering projects with a total contract balance of 9.545 billion USD [1] - The domestic engineering contracting business signed contracts worth 2.275 billion CNY, while the consulting and design business signed contracts worth 949 million CNY in the first half of 2025 [1] - The company has ongoing domestic projects with a signed but uncompleted contract amount of 4.596 billion CNY and additional projects that are won but not yet signed amounting to 73 million CNY [1] - The equipment manufacturing business secured contracts worth 593 million CNY in the first half of 2025 [2] - The company signed a business contract for the soda ash plant project in Kazakhstan during the China-Central Asia Summit, with a contract amount of approximately 337.5 million USD [2] - As of June 30, 2025, the company is executing two major projects: the expansion of Punta Huete International Airport in Nicaragua with a total contract amount of 3.593 billion CNY and the soda ash plant project in Kazakhstan [3]

Summary of Northern International's Conference Call Company Overview - Northern International has improved its ranking to 66th among the top 250 contractors, indicating enhanced industry status [2][3] - The company adopts an integrated investment, construction, and operation strategy, diversifying its business into goods trade, engineering construction and services, metal packaging containers, and power generation [2][3] Financial Performance - In 2024, revenue contributions from various segments are as follows: goods trade (44%), engineering construction and services (37%), metal packaging containers (2%), and power generation (3%) [4] - Gross profit contributions are: goods trade (44%), engineering construction and services (37%), metal packaging containers (7%), and power generation (11%), with a significant increase in gross profit from goods trade [4] - Cash flow remains strong, with net inflow levels between 650 million to 740 million from 2022 to 2024, although net inflow decreased by 50 million year-on-year in 2024 [5][4] - Total cash dividends for 2024 amount to 160 million, with a dividend payout ratio of 25% [5] Coal Trade Impact - Mongolian coal trade is a crucial revenue source for Northern International, with a 14% year-on-year increase in export volume to 78 million tons in 2024 [2][6] - The company has initiated comprehensive projects in Mongolia, including a 370 million USD heavy-load road project, which is expected to significantly boost coal export volumes [6] - The acquisition of a 60% stake in Inner Mongolia Mandula Mining facilitates the integration of Mongolian coal trade [6] Power Operations Progress - Northern International is transitioning towards an integrated investment and operation model, with multiple power projects in countries along the Belt and Road Initiative [7] - Key projects include: - Laos Sanbai Hydropower (investment of 210 million USD, stable revenue) - Croatia Saini Wind Power (revenue decreased in 2024 due to lower electricity prices) - Bangladesh Rocket Project (expected to commence operations in the first half of 2024, with a total investment of 2.5 billion USD) - Bosnia Herzegovina Komanyesh Mountain Solar Project (investment started in 2024) [7][9] Future Profit Forecast - The engineering construction sector is expected to maintain steady growth, while trade business is projected to achieve higher growth rates [8] - Overall profit is anticipated to grow at around 10% annually, with a forecasted growth rate of 4% for 2025 and over 15% for the following two years [8] - The current valuation is approximately 10 times earnings, making the company an attractive investment opportunity given the progress of the Belt and Road Initiative [8]

Core Viewpoint - 中工国际 is actively expanding its presence in the oil and gas engineering sector, particularly in the Middle East, with significant project achievements and strategic plans for growth [1]. Group 1: Company Developments - 中工国际 reported a closing price of 8.47 yuan on July 4, 2025, with a decrease of 1.28% and a trading volume of 156,800 shares, amounting to a transaction value of 133 million yuan [1]. - The company has made significant strides in the oil and gas sector, particularly with the successful launch of the oil and gas central processing facility project in Iraq, valued at approximately 1 billion USD, which set records for the shortest construction period and achieved 18 million consecutive safe working hours [1]. - In 2024, 中工国际 signed another contract for the Iraq Nine District Well Project, which was successfully launched in the first quarter of 2025, further enhancing its brand influence in the Middle Eastern oil and gas engineering industry [1]. Group 2: Financial and Trading Information - On July 4, 2025, 中工国际 experienced a net outflow of 14.81 million yuan from major funds, while speculative funds saw a net inflow of 10.74 million yuan, and retail investors contributed a net inflow of 4.06 million yuan [1].

Financial Performance - In Q1 2025, the company achieved a revenue of 2.183 billion yuan, with a net profit of 131 million yuan, reflecting a year-on-year growth of 12.17% [2] - The new contract value for international engineering contracting reached 699 million USD, a year-on-year increase of 30.65% [2] - The effective contract value for international engineering contracting was 684 million USD, up by 25.27% year-on-year [2] Project Development - The company has successfully developed key projects in Central Asia, including a 500,000 tons/year soda ash plant in Kazakhstan and waste-to-energy plants in Uzbekistan [2][4] - In the Middle East, projects include a 100-bed hospital in Iraq and the Tuz Lake gas storage project in Turkey [2] - In Latin America, the company facilitated the first sovereign commercial loan financing in RMB for the Nicaragua International Airport project [2] Financing Innovation - The company maintains a low asset-liability ratio compared to the industry average and has diverse financing channels [5] - Notable projects include the first RMB sovereign commercial loan project in Uzbekistan and the largest soda ash plant project in Central Asia, which received two awards for financing excellence [5] Engineering Investment and Operations - The company focuses on three main areas: environmental protection, cableway, and clean energy [6] - As of the end of 2024, the wastewater treatment capacity reached 280,000 tons/day, doubling from the end of 2023 [6] - The company plans to invest approximately 475 million USD in two waste-to-energy projects in Uzbekistan [6] Market Strategy - The company targets stable political regions and high-demand markets while reinforcing traditional markets [7] - Key focus areas include oil and gas, cableway, logistics, and healthcare projects along the Belt and Road Initiative [7]