Core Viewpoint - The document outlines the underwriting proposal for the issuance of A-shares by NORINCO International Cooperation Ltd., detailing the company's business operations, financial data, and the specifics of the share issuance process [1][17]. Group 1: Company Overview - NORINCO International was established in May 1986 and is headquartered in Beijing, with a registered capital of 1,071,385,874 yuan [1]. - The company operates in various sectors including engineering construction, international trade, and resource supply chain management, focusing on international markets [3][4]. Group 2: Main Business Activities - The core business of the company is engineering construction and services, with capabilities in project financing, design, procurement, construction, and logistics [3]. - The company has established significant international projects, particularly in regions such as Asia, Africa, and the Middle East, aligning with the Belt and Road Initiative [4]. Group 3: Financial Data - As of March 31, 2025, the total assets of the company amounted to 2,499,380,000 yuan, with total liabilities of 1,430,471,710 yuan, resulting in total equity of 1,068,908,300 yuan [5]. - The company reported total operating revenue of 364,962,260 yuan for the first quarter of 2025, with a net profit of 17,997,590 yuan [7]. Group 4: Share Issuance Details - The company plans to issue A-shares to specific investors, with a total fundraising target of up to 96,000,000 yuan [22]. - The issuance will be conducted in compliance with relevant laws and regulations, with a maximum of 105,032,822 shares to be issued [20][21]. Group 5: Risk Factors - The company faces various risks including macroeconomic fluctuations, market competition, and operational risks related to contract execution and project management [10][11]. - Financial risks include potential difficulties in obtaining financing and managing cash flow, particularly in light of high capital expenditures associated with its projects [12][13].

2025年1月-3月，神开股份实现营业收入2.02亿元，同比增长41.78%；归属净利润1846.02万元，同比增 长434.81%。 7月30日，神开股份盘中上涨6.42%，截至13:39，报10.28元/股，成交5.89亿元，换手率17.93%，总市值 37.41亿元。 截至4月30日，神开股份股东户数6.07万，人均流通股5503股。 资料显示，上海神开石油化工装备股份有限公司位于上海市闵行区浦星公路1769号，公司是一家专业从 事石油装备研发、制造、销售和工程技术服务的上市企业，是国内为数不多具有勘探、钻采、炼化全产 业链的油气设备主要供应商。公司业务遍布国内所有主要油气田并出口至50多个国家和地区，是中石 油、中石化、中海油的主力供应商。 ...