Mission Statement, Vision, & Core Values (2026) of Norinco International Cooperation Ltd.

Founded in 1998, Norinco International Cooperation Ltd. has grown into a global force with operations in over 60 countries, a headquarters at No. 6 Zhengda Road in Beijing, and a mission to fuse national defense, economic development and international markets through integrated trade, industrial and financial operations; despite a reported 2024 revenue dip to RMB 19.08 billion (an 11.21% decrease year-on-year), the company's strategic reach is underscored by headline projects such as the $6.66 billion energy integration deal in the Democratic Republic of Congo and the $2.88 billion Alexandria metro vehicle contract signed in May 2025, while broader corporate scale is reflected in a 2024 sales revenue figure of RMB 219 billion and overseas investments exceeding USD 23 billion; with a vision to lead international engineering through innovation-backed by over RMB 1.5 billion in R&D in 2023 (up 12%), annual employee training investments above RMB 200 million and an 85% retention rate in 2024-Norinco's core values of integrity, innovation, social responsibility, excellence and collaboration drive its expansion across Africa, Asia and the Middle East as it transitions from an import-export trader to a diversified multinational operator; with a market capitalization of RMB 13.4 billion as of December 12, 2025 (up 17.72% year-on-year), the company's quantitative milestones invite a closer look at how mission, vision and values translate into global projects and measurable impact.

Norinco International Cooperation Ltd. (000065.SZ) - Intro

• Founded: 1998
• Parent: China North Industries Corporation (NORINCO)
• Headquarters: No. 6 Zhengda Road, Shijingshan District, Beijing
• Geographic footprint: >60 countries (Africa, Asia, Middle East)

Mission

• Deliver sustainable, high-quality infrastructure and engineering solutions that enable partner countries' economic and social development.
• Create long-term value for shareholders through disciplined project execution and global diversification.
• Leverage NORINCO's technological and manufacturing capabilities to provide turnkey, integrated solutions in transport, energy and industrial equipment.

Vision

• Be a leading global engineering contractor and industrial integrator from China, known for large-scale, high-impact projects and long-term partnerships.
• Expand clientele and portfolio in emerging markets while increasing share of high-margin system-integrated and equipment-supply projects.
• Advance toward greener, digitally enabled infrastructure through investment in cleaner energy, smart transport and industrial automation.

Core Values

• Integrity: Adherence to regulatory, contractual and ethical standards across jurisdictions.
• Quality & Safety: Rigorous QA/QC and safety systems across construction and manufacturing operations.
• Partnership: Long-term, mutually beneficial relationships with host governments, financiers and local contractors.
• Innovation: Continuous improvement, technology transfer and adoption of efficient construction and energy solutions.
• Responsibility: Commitment to environmental protection, local employment and social impact in project regions.

• Project scale: Signing of a US$6.66 billion energy integration contract in DRC (May 2025) indicates focus on mega energy infrastructure.
• Transport capability: US$2.88 billion Alexandria metro vehicle order (May 2025) underscores rolling-stock and systems supply competence.
• Financial momentum: Despite a 2024 revenue decline to RMB 19.08 billion (-11.21%), market cap rose to RMB 13.4 billion by 12 Dec 2025 (+17.72%), reflecting investor response to new contract wins and growth prospects.

Norinco International Cooperation Ltd. (000065.SZ) - Overview

• Build and operate an integrated overseas network covering defense, energy, minerals, engineering and specialized civilian industries.
• Shift the company model toward a multinational platform combining trade, industrial assets, and financial operations.
• Develop and secure overseas petroleum and mineral resources through exploration, development, production and trading activities.
• Promote international engineering exports and production‑capacity cooperation to internationalize Chinese equipment and technology.
• Prioritize projects and investments in Belt and Road partner countries while diversifying global footprint.

• East Baghdad Oil Field (Iraq) - strategic petroleum development and production cooperation.
• Copper‑Cobalt Ore Project (Democratic Republic of the Congo) - resource development covering base metals critical for industry and battery supply chains.
• Established economic and trade relationships in more than 130 countries, with a particular focus on Asia, Africa, the Middle East and Latin America.

• National service orientation - prioritize projects that support national defense, security and strategic resource supply.
• Integration and synergy - combine domestic strengths and international opportunities to create cross‑sector value.
• Compliance and risk management - manage geopolitical, regulatory and operational risks inherent in large-scale overseas investments.
• Innovation and capability export - foster engineering, manufacturing and technological capabilities for global deployment.
• Sustainable cooperation - pursue long‑term partnerships and capacity‑building with host countries and local stakeholders.

• Resource anchoring: leverage overseas energy and mineral assets (e.g., Iraq, DRC) to secure upstream supply chains.
• Industrial expansion: scale international engineering and specialized civilian product exports to capture global infrastructure demand.
• Financial integration: develop modern financial operations to support cross-border investment, project finance and global trade flows.
• Belt and Road alignment: prioritize projects and partnerships along Belt and Road corridors for geopolitical and commercial synergy.

Norinco International Cooperation Ltd. (000065.SZ) - Mission Statement

• Deliver high-quality engineering, procurement and construction (EPC) services across diverse sectors including transportation, energy, water, and industrial facilities.
• Drive sustained innovation through targeted R&D investments and adoption of advanced construction technologies.
• Prioritize sustainable design and operations to minimize environmental impact and support local communities.
• Maintain financial discipline and risk management to ensure long-term profitability and shareholder value.
• Foster a safety-first, talent-focused culture that invests in employee growth and retention.

• Global footprint: Active project execution in over 60 countries, with significant presence in Africa, Asia, and the Middle East.
• R&D commitment: Invested over RMB 1.5 billion in research and development in 2023, representing a 12% increase year-over-year.
• Employee investment: Allocates more than RMB 200 million annually to employee training and development programs.
• Talent stability: Achieved an employee retention rate of 85% in 2024.
• Sustainability focus: Progressive implementation of eco-friendly construction practices to reduce carbon intensity and environmental footprint across projects.

• Integrity - transparent, compliant, and ethical business conduct in all jurisdictions.
• Innovation - continual improvement through R&D and technology adoption.
• Quality - rigorous quality assurance systems to deliver reliable, durable projects.
• Sustainability - minimizing environmental impact and promoting social responsibility.
• People-first - investing in employee development and maintaining high retention.

Norinco International Cooperation Ltd. (000065.SZ) - Vision Statement

• Integrity: Upholding honesty, transparency and accountability across procurement, contracting and financial reporting - reinforcing compliance with domestic and international regulations.
• Innovation: Targeting sustained leadership through increased R&D intensity; the company has committed to incremental R&D investment to bring advanced systems and automation into construction and equipment exports.
• Social Responsibility: Prioritizing community engagement and measurable environmental stewardship in overseas projects, including local hiring targets and community development contributions.
• Excellence: Maintaining rigorous quality assurance systems and ISO-aligned processes to meet international client specifications and reduce rework and warranty exposure.
• Collaboration: Fostering strategic partnerships with governments, SOEs, suppliers and academic institutions to scale capability and enter new markets.
• Sustainability: Reducing carbon intensity across project lifecycles and integrating circular-economy principles into procurement and materials management.

• Capital deployment - prioritizing projects with strong ESG profiles and predictable cash flows; prioritization of after-sales service contracts to stabilize margins.
• R&D roadmap - allocated budget focuses on automation, smart construction, electrification of equipment, and materials optimization to lower lifecycle carbon and operating costs.
• Risk & compliance - strengthened internal audit and third-party compliance checks to reduce counterparty and geopolitical risk in overseas operations.
• Talent & culture - performance frameworks that reward integrity, continuous learning and cross-border collaboration; leadership development programs to fill 60% of senior roles internally by 2027.

• Board oversight of sustainability KPIs and quarterly ESG disclosures.
• Annual third-party assurance of select environmental and social metrics.
• Linking executive compensation to safety, quality, delivery performance and emissions reduction milestones.