NORINCO International(SZ:000065)2025-11-04 11:22Group 1: Company Positioning and Strategy - The company is positioned as a key player in supporting the "Belt and Road" initiative, focusing on international engineering and capacity cooperation [1] - The company aims to enhance its international operations in consumer goods, striving for growth and optimization [1] Group 2: Competitive Advantages - Brand Advantage: Leveraging the Norinco brand and overseas investment network, the company has established a strong presence in key markets, particularly along the "Belt and Road" [2] - Global Resource Integration: The company maintains close partnerships with leading enterprises in the global supply chain, fostering a mutually beneficial ecosystem [2] - Investment-Driven Growth: The company has implemented an investment-driven transformation, enhancing its project management capabilities and achieving good returns on several projects [2] - High-Quality Talent Pool: The company boasts a skilled workforce adept in international operations and project management, crucial for executing overseas projects [2] Group 3: Localization Strategy - The company has established a broad international presence, with operations in dozens of countries across three continents, emphasizing localized strategies tailored to specific markets [3] Group 4: Business Performance - The power operation segment has shown stable growth, with a reported electricity generation of 289 million kWh and an average electricity price of €0.099 per kWh, leading to significant revenue increases [4] - The company plans to expand its overseas power asset portfolio and explore new revenue channels, including energy storage projects [4] Group 5: Future Development and Shareholder Returns - The company has maintained a consistent cash dividend policy for 17 years, with a planned cash dividend ratio of 15% for 2024, an increase of 5 percentage points from the previous year, totaling ¥158 million, a 72.55% increase [5]