CNNC INT'L Shares Surge Over 12%, Nearing 70% Year-to-Date Gain on Robust Uranium Trading

Stock News
02/20

CNNC INT'L (02302) saw its shares rise more than 12% again, bringing its year-to-date increase to nearly 70%. At the time of writing, the stock was up 11.99% to HK$8.03, with a turnover of HK$36.42 million.

The company recently announced that it expects revenue for the 2025 fiscal year to be no less than HK$2.46 billion, with gross profit reaching at least HK$260 million, representing steady growth compared to the same period in 2024. The primary driver of this revenue growth is a significant increase in transaction volume from its uranium trading business.

Regarding profitability, the announcement indicated that excluding factors such as the 2024 disposal of subsidiary interests and associate company performance, the net profit attributable primarily to the uranium trading business was approximately HK$140 million in 2024. For 2025, the projected net profit for this core business is expected to be no less than HK$190 million. This implies a year-on-year increase in net profit from core operations of no less than HK$50 million, representing a growth rate of over 35%.

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