Core Viewpoint - The company, China Nuclear International (02302.HK), anticipates a significant increase in revenue and profit for the first half of 2025, driven primarily by a substantial rise in uranium trading volume, particularly with independent third parties [1][2]. Group 1: Financial Performance - The expected revenue for the first half of 2025 is projected to be at least HKD 585 million, a substantial increase from approximately HKD 6.4 million in the same period of 2024 [1]. - The gross profit for the first half of 2025 is expected to reach at least HKD 13 million, compared to approximately HKD 6.4 million in the first half of 2024 [1]. - The company forecasts a turnaround from a net loss attributable to shareholders of approximately HKD 7.7 million in the first half of 2024 to a net profit of at least HKD 9.5 million in the first half of 2025 [1]. Group 2: Business Operations - The increase in revenue and profit is primarily attributed to a significant rise in uranium trading volumes, with most revenue coming from natural uranium trading with independent third parties [1]. - The stable spot uranium prices in the second half of 2024 and the first half of 2025 have allowed the company to expand its uranium trading operations while managing risks effectively [1]. Group 3: Other Financial Factors - The increase in net profit is also supported by an increase in bank interest income of at least HKD 3 million [2]. - The company will not recognize any share of profits from an associate company in the first half of 2025, which contributed approximately HKD 15.6 million in the first half of 2024, due to the sale of an equity interest in a subsidiary [2]. - Financial expenses are expected to decrease by at least HKD 13 million in the first half of 2025, as the company did not utilize any bank financing during this period [2].

Core Viewpoint - The company expects significant revenue growth in the first half of 2025, projecting at least approximately HKD 585 million, with gross profit expected to increase to at least approximately HKD 13 million, compared to around HKD 6.4 million in the same period of 2024 [1] Group 1: Financial Performance - The company anticipates a turnaround from a net loss attributable to shareholders of approximately HKD 7.7 million in the first half of 2024 to a net profit of at least approximately HKD 9.5 million in the first half of 2025 [1] - The substantial increase in revenue and gross profit is primarily driven by a significant rise in uranium trading volumes, with most revenue coming from natural uranium trading with independent third parties [1][2] - The company expects a gross profit increase of at least approximately HKD 13 million and an increase in bank interest income of at least approximately HKD 3 million [2] Group 2: Operational Changes - The company will no longer benefit from any share of profits from an associated company in the first half of 2025, following the sale of an equity stake in a subsidiary in the second half of 2024, which contributed approximately HKD 15.6 million in the first half of 2024 [2] - Financial expenses are expected to decrease by at least approximately HKD 13 million in the first half of 2025, as the company did not utilize any bank financing during this period [2]

正面盈喜預告 本公告由中核國際有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據聯交所 證券上市規則（「上市規則」）第13.09(2)條及《證券及期貨條例》（香港法例第571章）第 XIVA部項下的內幕消息條文（定義見上市規則）作出。 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容 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 的全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CNNC INTERNATIONAL LIMITED 中核國際有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2302） 股東及潛在投資者在買賣本公司證券時務請審慎行事。 承董事局命 CNNC International Limited 中核國際有限公司 主席 王成 香港，二零二五年七月三十一日 – 2 – 本公司董事（「董事」）局（「董事局」）謹此通知本公司股東（「股東」）和潛在投資者，經 初步審閱本集團截至二零二五年六月三十日止六個月（「2025年半年度」）之未經審核 綜合管理賬目及董事局目前掌握的資料，預期本集團於2025年半年度的收入 ...

港股核电股震荡走高，中核国际(02302.HK)涨近4%，中广核电力(01816.HK)涨超2%，中广核新能源 (01811.HK)涨超1%。 ...

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]

Core Viewpoint - 中核国际 has shown significant financial growth, with a notable increase in revenue and profit, while also maintaining a competitive position in the uranium resource market [2][4]. Financial Performance - As of December 31, 2024, 中核国际 achieved total revenue of 1.705 billion yuan, representing a year-on-year growth of 216.95% [2] - The net profit attributable to shareholders was 181 million yuan, an increase of 83.42% year-on-year [2] - The gross profit margin stood at 12.72%, and the debt-to-asset ratio was 23.43% [2] Stock Performance - On July 11, the stock price of 中核国际 closed at 3.43 HKD per share, up 10.29% with a trading volume of 1.8133 million shares and a turnover of 6.1242 million HKD [1] - Over the past month, 中核国际 has experienced a cumulative decline of 21.27%, but has increased by 85.12% year-to-date, outperforming the Hang Seng Index by 19.78% [2] Industry Position - The average price-to-earnings (P/E) ratio for the general metals and minerals industry is -2.68 times, with a median of -0.17 times, while 中核国际's P/E ratio is 7.8 times, ranking 16th in the industry [3] - Other companies in the industry have lower P/E ratios, such as 爱德新能源 at 2.6 times and 兴合控股 at 2.63 times [3] Company Background - 中核国际 is a member of the China National Nuclear Corporation (中核集团), which is the only state-owned enterprise in China with a complete nuclear technology industrial system [4] - The company focuses on overseas uranium resource business development, leveraging 中核集团's advantages in the uranium resource sector [4][6] - 中核国际 was established on June 25, 2002, and has been listed on the Hong Kong Stock Exchange since January 6, 2003 [3] Strategic Initiatives - 中核国际 is actively seeking and expanding overseas uranium resource business, aiming to develop exploration properties and participate in uranium resource trading [4][6] - The company plans to establish several large-scale overseas uranium mines with production capacities exceeding 1,000 tons, which are expected to operate for over 15 years [6]

Group 1 - The energy transition is driving a demand inflection point, with limited new uranium supply due to low capital expenditure over the past decade, leading to a tight balance in natural uranium supply and demand [1] - Nuclear power plays a crucial role in energy transition and carbon neutrality, providing stable clean energy and supporting the recovery of the nuclear industry, with a new wave of nuclear power construction expected globally [1] - Countries like China, the US, France, and Japan are advancing nuclear power projects, which will likely increase uranium demand, while the long-term low uranium prices and limited new mining supply create a favorable environment for price increases [2] Group 2 - China General Nuclear Power Corporation (CGN) reported a production of 659.1 tons of natural uranium in Q1 2025, with a completion rate of 110.7%, and holds 1,262 tons of natural uranium with an average cost of $71.37 per pound [3] - CGN's international sales company expects a significant negative impact on gross profit due to fluctuations in market prices, with average sales costs between $68-$74 per pound and average sales prices between $58-$61 per pound for the first half of 2025 [3] - China Nuclear International, the overseas uranium resource platform of China National Nuclear Corporation, reported a significant increase in uranium trade, with sales of approximately 577,000 pounds and total revenue of HKD 1.841 billion, a year-on-year increase of 217% [3]

Core Viewpoint - The "dual carbon" goals are driving the global economic transformation, with ESG principles becoming a rigid requirement for corporate governance, leading to sustainable development practices in China's nuclear energy industry [1][3]. Group 1: ESG Recognition and Awards - China National Nuclear Corporation International (中核国际) was awarded the "ESG Sustainable Development Excellence Enterprise" at the "Gelonghui Mid-term Strategy Summit 2025," recognizing its comprehensive efforts in environmental, social, and governance dimensions [1][3]. - The award aims to honor companies that actively promote green transformation and contribute to China's "dual carbon" goals while setting a benchmark for long-term value in the capital market [3]. Group 2: Nuclear Energy Development - The energy sector's carbon emissions account for approximately 80% of China's total emissions, making it a critical area for achieving carbon reduction goals [5]. - The global nuclear energy sector is experiencing a revival, with China expected to have the largest operational nuclear power capacity by 2030, aiming for 200 million kilowatts by 2040, contributing about 10% to the power generation mix [5][9]. Group 3: Company Performance and Growth - 中核国际 reported a significant increase in sales of natural uranium, reaching approximately 577,000 pounds with total revenue of HKD 1.841 billion, a year-on-year growth of 217% [9]. - The company achieved a net profit of HKD 195 million, reflecting an 83.4% increase, marking four consecutive years of positive growth [9]. - As of March 31, 2025, 中核集团 operates 26 nuclear power units with a total capacity of 24.962 million kilowatts and has 17 units under construction or approval, aiming for substantial capacity increases by 2030 [9]. Group 4: ESG Practices and Future Outlook - 中核国际 is committed to reducing carbon emissions, achieving a reduction to approximately 15.03 tons in 2024 from 15.19 tons in 2023, and decreasing electricity consumption to about 14,886 kWh from 17,432 kWh in the previous year [10]. - The company emphasizes employee welfare and training, fostering mutual growth between the enterprise and its employees [10]. - With a strong backing from 中核集团 and a focus on ESG principles, 中核国际 is positioned to attract more investor attention and enhance its market presence in the natural uranium sector [11].

Core Viewpoint - The "Gelonghui Golden Award" ESG Excellence Company selection recognizes companies that excel in environmental, social, and governance dimensions, contributing to China's dual carbon goals and setting benchmarks for long-term value in the capital market [1][2]. Group 1: Award Winners - Twelve companies were awarded the "ESG Sustainable Development Excellence Enterprise" title, including Fourth Paradigm (06682.HK), JinJing New Energy (01783.HK), Kangqiao Yuelife (02205.HK), Ping An Good Doctor (01833.HK), AAC Technologies (02018.HK), Shoucheng Holdings (00697.HK), Tongwei Co., Ltd. (600438.SH), Yaoshi Bang (09885.HK), Zhaojin Mining (01818.HK), China Chunlai (01969.HK), China Reinsurance (01508.HK), and China Nuclear International (02302.HK) [1]. - The ranking of the awarded companies is in alphabetical order and does not indicate any specific order of merit [1]. Group 2: Evaluation Criteria - The selection process involved quantitative data analysis and evaluation by an expert panel to determine the final results [1]. - The award aims to highlight companies that actively promote green transformation and social responsibility through transparent governance [1]. Group 3: Scope of the Selection - The ESG Excellence Company selection covers all listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, American Stock Exchange, and NASDAQ [2]. - The initiative is designed to create a reference value ranking of outstanding companies in the ESG field within the investment community [2].

Group 1 - The event held by China National Nuclear Corporation (CNNC) focused on the theme "Creating Value through Nuclear Innovation and Excellence" and took place on June 6 in Nanjing [1] - Wang Cheng, Chairman of CNNC International, highlighted four key points: the strong trend of nuclear power revival amid global energy transformation, presenting new development opportunities [3] - CNNC Uranium Industry is positioned as a national leader in natural uranium exploration and development, enhancing its supply assurance capabilities and international influence [3] - CNNC International, as the only publicly listed company under CNNC Uranium, is projected to achieve a 217% increase in revenue and an 83.4% increase in net profit in 2024, marking four consecutive years of profit growth [3] - The company aims to become a significant player in the international natural uranium market, enhancing CNNC's global competitiveness and fulfilling shareholder expectations [3] Group 2 - The investor exchange meeting included participation from 11 institutions, such as China Chengtong (Hong Kong), China Cinda (Hong Kong), and Morgan Stanley Asia, indicating strong interest from the investment community [7] - During the meeting, company representatives provided detailed introductions to the company's fundamentals and financial outlook for 2024, addressing investor concerns on key issues [4]