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NORINCO is a Chinese state-owned defense conglomerate — one of the world's largest by revenue — best known for tanks/armored vehicles (Type 99 MBT), artillery, small arms and ammunition, and guided munitions (HJ-series anti-tank missiles), operating in 130+ countries.
Another tracked dossier names this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 1008 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
UNQUANTIFIED AS ACTUAL FLOWS — these are annual CAPS in a non-exclusive 合作框架协议 (临2026-004, 2026-01-20; term 2026-01-01 to 2028-12-31), not disclosed transactions. Related because 兵工物资 holds 29.52% of subsidiary 江铜国际贸易有限公司 (HKEX 14A subsidiary-level connected person). Supply TO JCC (caps/yr): ex-China cathode US$600m, Guangdong cathode RMB2.5bn, blister RMB600m, ex-China electrolytic nickel US$50m. Sales BY JCC (caps/yr): cathode RMB5.8bn, rod RMB500m, aluminium RMB700m, nickel RMB1.5bn, zinc RMB700m, tin RMB30m, precious/PGM/rhenium/molybdenum RMB500m. Cross-dossier: parent group tracked as norinco.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 2 of its 3 materials — a restriction on those is a tailwind, not a headwind.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.