Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining announced a board meeting scheduled for August 26, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential distribution of an interim dividend, if applicable [1] Group 1 - The board meeting will take place on August 26, 2025 [1] - The meeting will focus on the approval of interim results for the six months ending June 30, 2025 [1] - The company will also consider the distribution of an interim dividend during the meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 承董事會命 中廣核礦業有限公司* 執行董事兼首席執行官 邱斌 香港，二零二五年八月十四日 於本公告日期，董事會包括兩名執行董事：邱斌先生（首席執行官）及徐軍梅女士；三名非執行董 事：王先鋒先生（主席）、孫旭先生及劉冠華先生；及三名獨立非執行董事：高培基先生、張蘊濤先 生及吳英鵬先生。 * 僅供識別 （於開曼群島註冊成立之有限公司） （股份代號：01164） 董事會會議通告 中廣核礦業有限公司*（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年八月二十六日 （星期二）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至二零二五年六月三十 日止六個月之中期業績及其發佈，並考慮派發中期股息（如有）。 ...

Group 1 - The core business of China General Nuclear Power Corporation Mining (CGN Mining) is the development and trade of natural uranium resources for nuclear energy companies, making it the largest uranium producer listed on the Hong Kong Stock Exchange and the only pure uranium listed company in East Asia [1] - As of August 14, CGN Mining's stock price fell by 5.15%, trading at HKD 2.21 per share with a transaction volume of HKD 75.7182 million [1] - The company's strategic focus is on seizing opportunities from the global nuclear power recovery and the continuous growth in natural uranium demand, aiming to become a leading international supplier of natural uranium with strong cost competitiveness [1] Group 2 - As of the 2024 annual report, CGN Mining reported total revenue of HKD 7.986 billion and a net profit of HKD 317 million [2]

Group 1 - The core business of CGN Mining Co., Ltd. is the development and trade of natural uranium resources for nuclear energy companies, making it the largest uranium producer listed on the Hong Kong main board and the only pure uranium listed company in East Asia [1] - As of August 7, CGN Mining's stock price increased by 5.58%, reaching HKD 2.27 per share with a trading volume of HKD 54.74 million [1] - The company's strategic focus is on seizing opportunities from the global nuclear power recovery and the continuous growth in demand for natural uranium, aiming to become a leading international supplier of natural uranium with strong cost competitiveness [1] Group 2 - As of the 2024 annual report, CGN Mining reported total revenue of HKD 7.986 billion and a net profit of HKD 317 million [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中廣核礦業有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01164 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底 ...

Core Viewpoint - 招银国际 has lowered the target price for 中广核矿业 from HKD 2.61 to HKD 2.42, a decrease of 7%, while maintaining a "Buy" rating, viewing potential declines post the 2025 H1 earnings announcement as a buying opportunity [1] Group 1: Financial Performance - The company is expected to report a net loss of approximately RMB 68 million in H1 2025, attributed to a one-time negative gross margin in its international uranium trading business and the impact of falling uranium spot prices on joint venture profits [1] - 招银国际 has significantly reduced its 2025 earnings forecast by 47% to RMB 260 million to reflect the anticipated weak performance in H1 2025 [1] Group 2: Market Outlook - The impact on earnings is considered one-time, with expectations that the profit margins in the trading business will turn positive in H2 2025 [1] - With uranium spot prices rebounding since May, it is anticipated that joint venture profits will recover in H2 2025 [1]

中广核矿业：2025二季度已签订但尚未交付的天然铀销售量达4256tU 同比降约7.7% 金十数据7月23日讯，中广核矿业在港交所发布二季度运营情况，二季度已签订但尚未交付的天然铀销 售量达4256tU，同比下降约7.7%。 ...

中广核矿业(01164)发布公告，2025年第二季度，本集团旗下投资的矿山共生产天然铀695.6tU，本季度 计划完成率110.3%。其中，本集团持股49%的哈萨克斯坦合营企业谢米兹拜伊铀有限责任合伙企业(谢 公司)生产天然铀196.2tU;而另一持股49%的哈萨克斯坦联营公司矿业公司奥尔塔雷克有限责任合伙企业 (奥公司)生产天然铀499.4tU。 截至2025年6月30日，本集团持有天然铀1,569tU(约408万磅U3O8)，加权平均成本为68.77美元/磅U3O8; 已签订但尚未交付的天然铀销售量4,256tU(约1,106万磅U3O8)，加权平均售价为80.82美元/磅U3O8。 截至2025年6月30日，本集团持有天然铀1,569tU(约408万磅U3O8)，加权平均成本为68.77美元/磅U3O8; 已签订但尚未交付的天然铀销售量4,256tU(约1,106万磅U3O8)，加权平均售价为80.82美元/磅U3O8。中 广核矿业(01164)发布公告，2025年第二季度，本集团旗下投资的矿山共生产天然铀695.6tU，本季度计 划完成率110.3%。其中，本集团持股49%的哈萨克斯坦合营企业谢米兹拜 ...

Group 1 - The core viewpoint of the article highlights the strong performance of nuclear power stocks in the Hong Kong market, with notable increases in share prices for several companies [1] Group 2 - China National Nuclear Corporation International (02302.HK) saw a rise of over 22% in its stock price [1] - China General Nuclear Power Corporation Mining (01164.HK) and China General Nuclear Power Corporation Electric (01816.HK) both experienced increases of over 3% [1] - China General Nuclear Power Corporation New Energy (01811.HK) recorded a rise of over 1.5% [1]

Investment Rating - Industry rating: Recommended [3] Core Insights - The U.S. Department of Defense (DoD) has invested billions in MP Materials to accelerate the independence of U.S. rare earth magnets, but global production remains highly concentrated in China in the short term [9][14][45] - Nickel prices have decreased due to a significant drop in demand and production halts in Indonesia, which may impact local mining operations [12][20][23] - Cobalt prices have risen due to supply tightening from the Democratic Republic of Congo, which accounts for approximately 75% of global electric vehicle battery supply [13][31] - Lithium carbonate prices have increased, but future price movements will depend on downstream demand recovery [7][38][44] - Antimony prices have remained stable, with domestic supply still tight, and production expected to decline in the coming months [32][36] Summary by Sections Rare Earth Industry - MP Materials announced a partnership with the DoD to enhance domestic production capabilities, with a new magnet manufacturing facility expected to be operational by 2028 [45][46] - The DoD has committed to a minimum price of $110 per kilogram for NdPr products, ensuring stable cash flow for MP Materials [46][47] Nickel Industry - As of July 11, LME nickel spot price was $14,955 per ton, down 1.09% from July 4, with total LME nickel inventory increasing by 1.83% [20] - Domestic NPI smelting costs remain under pressure, affecting the acceptance of high-priced raw materials [20][23] Cobalt Industry - As of July 11, cobalt prices have shown mixed trends, with electrolytic cobalt at 249,300 yuan per ton, down 0.99%, while cobalt oxide increased by 1.54% [24][31] - The extension of a temporary export ban by the Congolese government is expected to tighten global cobalt supply [31] Lithium Industry - The average price of battery-grade lithium carbonate reached 63,800 yuan per ton, up 2.36% as of July 11 [7][38] - Market sentiment is cautious, with inventory levels remaining high, limiting upward price movement [38][44] Antimony Industry - Domestic antimony ingot prices have stabilized, with supply constraints expected to support future pricing [32][36]