CGN MINING (01164) saw its shares fall more than 4% during early trading. At the time of writing, the stock was down 2.96%, trading at HK$3.61, with a turnover of HK$33.5876 million. The movement follows a company announcement projecting that the pre-tax profit from its continuing operations for 2025 will decrease by approximately HK$200 million to HK$250 million compared to the previous year. However, the company expects its overall profit for 2025 to increase by about HK$90 million to HK$140 million year-on-year. According to the announcement, the rise in total profit for 2025 compared to 2024 is mainly due to improved gross profit margins resulting from higher spreads in natural uranium trading. Additionally, the company reported no non-recurring operating losses for 2025, leading to an overall improvement in performance. The company's income tax expense for 2025 is also expected to be lower than in the same period of 2024.