NORINCO International(SZ:000065)2022-12-06 08:48Group 1: Company Strategy and Positioning - The restructuring will integrate the company's international engineering business with high-quality consumer goods, enhancing its capability in international market expansion [2] - The company aims to become a new profit growth driver for North Company during the 13th Five-Year Plan period [2] Group 2: Contractual Developments - The company has achieved significant success in overseas market development, with contract signing amounts exceeding $1 billion for two consecutive years [3] - The company is actively communicating with owners, governments, and financial institutions to expedite the execution of signed projects [3] Group 3: Impact of the Belt and Road Initiative - The Belt and Road Initiative presents valuable development opportunities for the international engineering industry, prompting the company to establish a dedicated mechanism to enhance resource investment in countries along the initiative [3] - The company is leveraging national policies to promote its international operations and is tracking benefits from initiatives like the Asian Infrastructure Investment Bank and Silk Road Fund [3] Group 4: Future Investments and Acquisitions - Overseas investments and mergers are key strategies for the company's transformation and rapid development during the 13th Five-Year Plan [3] - The company is progressing with the Nam Ngum hydropower project in Laos, expected to start generating power in 2017, and is also advancing the 100MW wind power project in Pakistan [3]