关于"北方转债"即将停止转股 暨赎回日前最后一个交易日的重要提示性公告 股票简称：北方国际 股票代码：000065 公告编号：2025-042 转债简称：北方转债 转债代码：127014 北方国际合作股份有限公司 关于"北方转债"即将停止转股暨赎回日前最后一个交易日的 重要提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 最后转股日：2025 年 4 月 3 日 2025 年 4 月 1 日至 2025 年 4 月 3 日收市前，持有"北方转债"的投资者仍 可进行转股。2025 年 4 月 3 日收市后，未实施转股的"北方转债"将停止转股。 剩余可转债将按照 100.90 元/张的价格强制赎回。截至 2025 年 4 月 2 日收市后， 距离"北方转债"赎回日（2025 年 4 月 7 日）仅剩 1 个交易日。 2、可转债赎回条件满足日：2025 年 3 月 6 日 3、可转债赎回登记日：2025 年 4 月 3 日 4、可转债赎回日：2025 年 4 月 7 日 5、可转债停止交易日：2025 年 4 月 1 日 6、可转债停止转股 ...

Group 1: Business Overview - The company has restructured its main business categories to include Engineering Construction and Services, Resource and Equipment Supply Chain, Power Operations, Industrial Manufacturing, and Others [1] - Engineering Construction focuses on international engineering, logistics services, and domestic projects, with a core emphasis on energy, resource, livelihood, and industrial engineering [1][2] - The Resource and Equipment Supply Chain includes coking coal resource acquisition and sales, heavy equipment exports, and logistics automation system integration services [2] Group 2: Market Risks and Opportunities - The international engineering sector is facing market risks due to changing owner demands and a shift towards digitalized construction projects, which presents both challenges and opportunities for the company [3] - The company aims to achieve digital transformation in response to market dynamics, leveraging its EPC project management experience and central enterprise resources [3] Group 3: Dividend Policy - The company announced a profit distribution plan for 2024, proposing a cash dividend of 1.49 CNY per 10 shares, totaling approximately 158.45 million CNY, which represents a 72% increase from the previous year [4][5] - The company emphasizes its commitment to shareholder returns while focusing on overseas investment as a key growth area [5] Group 4: Investor Relations - No significant undisclosed information leaks occurred during the investor relations activity [6]

Core Viewpoint - In 2024, the company, North International (000065.SZ), demonstrated robust growth through market expansion, project operation enhancement, and transformation upgrades amidst a complex international environment [1][2]. Financial Performance - For the year 2024, North International reported a revenue of 19.08 billion yuan and a net profit of 1.05 billion yuan, reflecting a year-on-year increase of 14.23% [2] - The company's non-recurring net profit reached 1.055 billion yuan, marking a 16.43% increase compared to the previous year [2] - The company plans to distribute a cash dividend of 1.49 yuan per 10 shares, totaling approximately 158 million yuan [2] Market Expansion and Project Development - In 2024, North International signed significant contracts, including projects in Mongolia, Indonesia, Croatia, Ethiopia, and Bangladesh, reinforcing its position in resource development and clean energy [3] - The company achieved notable progress in various operational projects, including the Mongolia integrated mining project and the Croatia wind power project, enhancing project quality and efficiency [3][5] Strategic Initiatives - The company successfully advanced the 125MW solar investment project in Bosnia, utilizing the BOO model, which is expected to significantly contribute to its renewable energy investment and transformation strategy [4] - North International is committed to enhancing its core capabilities and competitiveness by focusing on the "Belt and Road" initiative and green, low-carbon development opportunities [6] Ongoing Projects and Subsidiary Performance - The company is steadily executing ongoing projects, adhering to strict management principles to enhance professional capabilities and maintain its competitive edge [5] - Subsidiaries are actively exploring growth potential, with overall revenue and profit showing an upward trend, particularly in heavy equipment exports and logistics automation [5][6]

Group 1 - The company has decided to exercise its early redemption rights for the "Beifang Convertible Bonds," which will be forcibly redeemed if not converted by the close of trading on April 3, 2025 [1] - The company issued a total of 5.7821 million convertible bonds at a face value of 100 yuan each, amounting to a total issuance of 578.21 million yuan, which began trading on November 21, 2019 [1][2] - The conversion price of the "Beifang Convertible Bonds" has been adjusted multiple times, with the latest adjustment on June 21, 2024, reducing the price to 7.65 yuan per share [2][3] Group 2 - As of March 31, 2025, the total number of shares with limited sale conditions was 96,423,586, accounting for 9.41% of the total shares, while the total number of shares with unlimited sale conditions was 928,557,310, accounting for 90.59% [3] - The company has seen an increase of 44,826,026 shares in the unlimited sale condition category during the reporting period [3]

Core Viewpoint - The announcement highlights the implementation of the redemption of "Beifang Convertible Bonds" and the upcoming cessation of conversion rights, urging bondholders to convert their bonds before the deadline to avoid potential losses [1][2]. Group 1: Redemption Details - The last conversion date for "Beifang Convertible Bonds" is April 3, 2025, after which unconverted bonds will be redeemed at a price of 100.90 CNY per bond [1][8]. - The redemption was triggered as the stock price closed at or above 130% of the conversion price for 15 trading days from February 13, 2025, to March 6, 2025 [2][6]. - The bond was issued on October 24, 2019, with a total of 5.7821 million bonds at a face value of 100 CNY each, and the initial conversion price was set at 8.84 CNY per share [2][3]. Group 2: Conversion and Redemption Procedures - Bondholders must convert their bonds through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [9][10]. - The redemption price includes accrued interest calculated based on a 2.00% annual interest rate, resulting in a total redemption price of 100.90 CNY per bond [8][9]. - After the redemption, "Beifang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [9][11]. Group 3: Historical Context and Conditions - The bond has undergone several adjustments to its conversion price, with the current conversion price being 7.65 CNY per share [4][5]. - The company has previously decided not to exercise its redemption rights under certain conditions, but the current market conditions have led to the decision to redeem the bonds [6][7].

工程、焦煤、发电业务收入下滑明显，在手订单较为充足分业务来看，24 年工程建设与服务/资源设备 供应链/电力运营/工业制造分别收入83.6/89.7/4.4/12.4 亿，同比分别-7%/-16.9%/-18.1%/+12.4%。工程建 设与服务/ 资源设备供应链/电力运营/工业制造业务毛利率分别同比+3.6/+2.6/-9.7/+0.1pct。具体运营项 目来看：1）工程业务：截至24 年末，公司已生效正在执行的项目合同为63.9 亿美元（折合459.6 亿 元），约合当期收入的2.4 倍；2）蒙古矿山一体化项目：24 年累计采矿5056 万方，同比+17.6%，销售 焦煤512 万吨，同比-3.6%；3）克罗地亚风电：24 年发电3.85 亿度，同比-16.3%，发电量不及预期主要 受上半年气候、风力、及国家验收停机等影响，截至目前，该项目已经全面满足了欧盟及克罗地亚最严 格的标准要求，完成虚拟电场服务协议签署以及发电绿证登记；4）老挝南湃水电站：24 年发电4.16 亿 度，同比-7.1%。 风险提示：项目进度不及预期；汇率波动风险；海外经营风险等。 24 年利润延续高增，25 年孟加拉项目进入运营期， ...

北方国际合作股份有限公司 关于"北方转债"赎回实施暨即将停止转股的重要提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 关于"北方转债"赎回实施暨即将停止转股的重要提示性公告 股票简称：北方国际 股票代码：000065 公告编号：2025-040 转债简称：北方转债 转债代码：127014 重要内容提示： 最后转股日：2025 年 4 月 3 日 2025 年 4 月 1 日至 2025 年 4 月 3 日收市前，持有"北方转债"的投资者仍 可进行转股。2025 年 4 月 3 日收市后，未实施转股的"北方转债"将停止转股。 剩余可转债将按照 100.90 元/张的价格强制赎回。 风险提示 因目前"北方转债"二级市场价格与赎回价格存在较大差异，特别提醒各位 持有人注意在限期内转股，如未及时转股，可能面临损失。敬请投资者注意投资 风险。 特别提示： 1、可转债赎回价格：100.90 元/张（含当期息税，当期年利率为 2.00%），扣 税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中国 结算"）核准的价格为准。 2、可转债赎回条件满足 ...

2025 年第一季度可转债转股情况公告 证券简称：北方国际 证券代码：000065 公告编码：2025-041 转债简称：北方转债 转债代码：127014 北方国际合作股份有限公司 2025 年第一季度可转债转股情况公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 公司董事会于 2025 年 3 月 6 日召开九届七次董事会审议通过了《关于提前 赎回"北方转债"的议案》，董事会同意公司行使"北方转债"的提前赎回权， 截至 2025 年 4 月 3 日（可转债赎回登记日）收市后仍未转股的"北方转债"，将 被强制赎回。 根据《深圳证券交易所股票上市规则》、《深圳证券交易所可转换公司债券业 务实施细则》的有关规定，北方国际合作股份有限公司（以下简称"公司"或"北 方国际"）现将 2025 年第一季度可转换公司债券转股及公司股份变动情况公告如 下： 一、可转债发行上市基本情况 经中国证券监督管理委员会《关于核准北方国际合作股份有限公司公开发行 可转换公司债券的批复》（证监许可【2019】1444 号）核准，公司于 2019 年 10 月 24 日公开发 ...

公司报告 | 年报点评报告 北方国际（000065） 证券研究报告 利润延续高增，投运项目带动业绩弹性释放 24 年利润延续高增，25 年孟加拉项目进入运营期，带动公司业绩持续增 长 24 年公司实现营收 190.8 亿，同比-11.21%，归母净利润 10.5 亿，同比 +14.32%，扣非归母净利润 10.55 亿，同比+16.43%。其中，单 24Q4 实现营 收 49.58 亿，同比-27.7%，归母净利润 2.92 亿，同比+28.33%，扣非归母净 利润 3.11 亿，同比+56.54%。公司主要运营项目稳中向好，在建项目中孟 加拉燃煤火电站项目已于 24 年底完成 97.2%的 EPC 工程建设，预计今年开 始贡献运营收益，该项目预计年发电量 85.8 亿度，按公司早前可研预测平 均上网电价 501.26 元/MWh 计算，该项目满负荷发电后预计产生约 43 亿 元发电收入，持续看好公司电力运营和蒙煤业务发展前景，考虑到当前煤 价压力，预计 25-27 年公司归母净利润为 11.2、12.4、14 亿元（25-26 年前 值为 11.5、13.8 亿元），维持"买入"评级。 工程、焦煤、发电业务 ...

北方国际（缅甸）有限公司 子公司 其他应收款 北方国际合作股份有限公司 2024 年度 非经营性资金占用及其他关联资金往来情况汇总表 万元 上市公司核算 2024 年度占用资 2024 年度偿还 非经营性资金占用 资金占用方名称 占用方与上市公司的关联关系 占用资金余 计发生金额（不 含 占用资金余 占用形成原因 占用性质 的会计科目 金的利息(如有) 累计发生金额 额 利息） 额 控股股东、实际控制 人及其附属企业 小计 - - - - 前控股股东、实际控 制人及其附属企业 小计 - - - - 其 他 关 联方 及 其附 属企业 小计 总计 - - - - - 往来性 质 上市公司核算 2024 年度往来资 2024 年度偿 还 （经营性往 其他关联资金往来 资金往来方名称 往来方与上市公司的关联关系 往来资金余 发生金额（不含 利 往来资金余 往来形成原因 的会计科目 金的利息(如有) 累计发生金 额 来、非经营性 额 息） 额 往来） 销售商品、提供劳 中国北方工业有限公司所属企业合计 同受中国北方工业有限公司控制 应收账款 42,233.21 93,655.07 116,346.52 19,541. ...