CNNC INT'L Shares Surge Over 7% Again on Strong Uranium Trading Volume and Profit Growth

Stock News
02/12

CNNC INT'L (02302) rose more than 7% again. At the time of writing, the stock was up 7.59%, trading at HK$7.23, with a turnover of HK$127.345 million. The company recently announced an expectation for its 2025 revenue to be no less than HK$2.46 billion, with a gross profit of no less than HK$260 million, representing steady growth compared to the same period in 2024. The primary driver for the company's revenue growth is clearly attributed to an increase in transaction volume from its uranium trading business. Regarding profitability, the announcement indicated that excluding factors such as the 2024 disposal of interests in subsidiaries and the performance of associates, the net profit attributable primarily to the uranium trading business in 2024 was approximately HK$140 million. 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 of over 35%.

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