NORINCO International(SZ:000065)2022-12-06 23:28Group 1: Company Overview and Strategy - North International has experienced stable growth in recent years and is expected to enter a rapid development phase during the 13th Five-Year Plan following a major asset restructuring [2][3] - The company aims to extend its business from international engineering contracting to the entire industrial chain of international economic and technical cooperation [3][4] - North International is positioned as a resource integration platform providing comprehensive project solutions, leveraging its overseas market experience and domestic production capabilities [3][4] Group 2: Market Presence and Performance - The company has diversified its overseas markets, with significant contracts signed in recent years exceeding $1 billion annually [4] - Key markets include Iran, Ethiopia, Laos, Pakistan, Myanmar, and the Democratic Republic of the Congo, focusing on projects such as rail transportation and power generation [4][5] - In Iran, North International holds over 20 billion RMB in pending orders, with the lifting of sanctions expected to facilitate project execution [4][5] Group 3: Future Plans and Developments - The company plans to expand its real estate business overseas, particularly in high-demand markets like Myanmar and Iran [5] - North International is actively engaging with relevant national departments and financial institutions to expedite project execution in Iran [5] - The restructuring aims to enhance North International's capabilities and support its development as a key player in the internationalization of Norinco's products [4]