Norinco International Cooperation Ltd.’s Net Profit Rose 18.7% in 2022

Norinco International Cooperation Ltd. (北方国际合作股份有限公司) (000065.SZ) reported a net profit of 803.4 million yuan in 2022, up 18.7% year-on-year.

Meanwhile, the company posted 13.4 billion yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 22.1 billion yuan in total assets and 13.5 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.