Group 1 - The core viewpoint of the news highlights a surge in Hong Kong nuclear power stocks, with significant increases in share prices for companies such as CGN Mining (up 5.8%), China National Nuclear Corporation (up 2.28%), and CGN Power (up 1%) [1][2] - As the year-end approaches, there is a renewed wave of nuclear power project initiations, with CGN's Ningde Nuclear Power Plant Unit 6 completing its first concrete pouring on December 16, marking the official start of its main construction [1] - The initiation of new nuclear units is relatively rare, attributed to CGN's status as the largest nuclear power enterprise in China, which has a robust project reserve. CGN is expected to lead in new nuclear unit approvals in 2024 and 2025 compared to other nuclear groups [1] Group 2 - The domestic nuclear power construction is experiencing a resurgence, indicating a peak in development activity. Industry predictions suggest that during the 14th Five-Year Plan period, China is likely to become the only country globally with over 100 operational nuclear power units [1]

Group 1 - The nuclear power sector experienced a general decline, with China National Nuclear Power (02302) down 6.63% to HKD 4.79, Dongfang Electric (01072) down 5.79% to HKD 22.8, and Shanghai Electric (02727) down 4.84% to HKD 3.93 [1] - Elon Musk publicly criticized nuclear fusion power, stating that building small nuclear fusion reactors on Earth is economically foolish, as the Sun itself is a massive, free nuclear fusion reactor capable of meeting all energy needs in the solar system [1] - Nvidia is set to hold an AI power shortage summit, highlighting global electricity supply and demand issues, with a focus on long-term opportunities in power-related assets [1] Group 2 - The report from Guotai Junan pointed out that the current challenges facing the U.S. power system, driven by increasing electricity demand from AI and extreme weather, create a "trilemma" of decarbonization goals, grid reliability requirements, and cost-speed demands from AI data centers [1]

Group 1 - The stock of China Nuclear International (02302.HK) rose over 12%, specifically by 12.34%, reaching a price of 5.28 HKD [2] - The trading volume amounted to 7.6319 million HKD at the time of reporting [2]

Core Viewpoint - China Nuclear International (02302) saw a significant increase of over 12%, currently trading at 5.28 HKD with a transaction volume of 7.63 million HKD, driven by positive market forecasts for the nuclear fusion sector [1] Group 1: Market Forecasts - The International Energy Agency predicts that the global nuclear fusion market could approach 500 billion USD (3.5 trillion RMB) by 2030 [1] - Guojin Securities reports that the Hefei BEST fusion project has seen monthly tenders exceeding 2 billion RMB, indicating a positive outlook for accelerated nuclear fusion tenders [1] Group 2: Policy and Industry Developments - The Central Economic Work Conference emphasized the need to advance energy-saving and carbon-reduction transformations in key industries, alongside the development of a national energy strategy and the expansion of green electricity applications [1] - The BEST project in Hefei is entering a critical phase, with tendering activity expected to accelerate as the project progresses [1]

Core Viewpoint - The global nuclear fusion market is projected to approach $500 billion (3.5 trillion RMB) by 2030, indicating significant growth potential in the sector [1] Company Performance - Zhonghe International (02302) saw its stock price increase by over 12%, reaching HKD 5.28, with a trading volume of HKD 7.6319 million [1] Industry Insights - The Central Economic Work Conference emphasized the need to advance energy-saving and carbon-reduction transformations in key industries, alongside the development of a strong energy nation plan and the acceleration of a new energy system [1] - Guojin Securities reported that the Hefei BEST fusion project has seen monthly bidding exceed 2 billion RMB, indicating a positive outlook for accelerated nuclear fusion bidding [1] - In November, the BEST bidding scale was at least 2 billion RMB, and as the Hefei BEST project enters a critical phase, there is optimism regarding the acceleration of the BEST fusion project bidding [1]

Core Viewpoint - China Uranium Corporation, the controlling parent company of China Nuclear International, has officially listed on the Shenzhen Stock Exchange on December 3, 2025, holding approximately 66.72% of the issued shares of the company [1] Group 1 - China Nuclear International is indirectly controlled by China Uranium Corporation, which holds a significant majority of its shares [1] - The listing on the Shenzhen Stock Exchange marks a significant milestone for China Uranium Corporation and its subsidiaries [1]

Core Viewpoint - China Uranium Corporation, the controlling parent company of China Nuclear International, has officially listed on the Shenzhen Stock Exchange, which is expected to enhance the company's market position and strategic support for future development [1] Group 1: Company Overview - China Uranium Corporation indirectly holds approximately 66.72% of the issued shares of China Nuclear International [1] - The main business of China Uranium Corporation includes the mining, sales, and trading of natural uranium resources, as well as the comprehensive utilization and sales of radioactive co-associated mineral resources such as monazite and uranium-molybdenum [1] Group 2: Strategic Implications - The successful listing of China Uranium Corporation is anticipated to strengthen the synergy between the company and its parent, providing broader strategic support for future growth [1] - The company expects to benefit from the enhanced influence of its parent company in the capital market, which will positively impact brand recognition, resource integration, and strategic expansion [1]

Core Viewpoint - China Uranium Corporation, the controlling parent company of China Nuclear International, has officially listed on the Shenzhen Stock Exchange, which is expected to enhance the company's market position and strategic support for future development [1] Group 1: Company Overview - China Uranium Corporation holds approximately 66.72% of the issued shares of China Nuclear International [1] - The main business of China Uranium includes the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and product sales of associated radioactive minerals such as monazite and uranium molybdenum [1] Group 2: Strategic Implications - The successful listing of China Uranium is anticipated to strengthen the synergy between the company and its parent, providing broader strategic support for future growth [1] - The company expects to benefit from the enhanced market influence of its parent company, which will positively impact brand recognition, resource integration, and strategic expansion [1]

Core Viewpoint - China Uranium Corporation, the controlling parent company of China Nuclear International, has officially listed on the Shenzhen Stock Exchange, which is expected to enhance the company's market position and strategic support for future development [1] Group 1: Company Overview - China Uranium Corporation holds approximately 66.72% of the issued shares of China Nuclear International [1] - The main business of China Uranium includes the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and product sales of associated radioactive minerals such as monazite and uranium-molybdenum [1] Group 2: Strategic Implications - The successful listing of China Uranium is anticipated to strengthen the synergy between the company and its parent, providing broader strategic support for future growth [1] - The company expects to benefit from the enhanced market influence of its parent company, which will positively impact brand recognition, resource integration, and strategic expansion [1]

（於開曼群島註冊成立之有限公司） （股份代號：2302） 自願性公告 關於本公司間接控股母公司於深圳證券交易所上市之事宜 中核國際有限公司（「本公司」）之董事（「董事」）局（「董事局」）謹此 宣佈，本公司獲悉，間接持有本公司已發行股份約66.72%之控股母公司中國鈾業 股份有限公司 （「中國鈾業」或「母公司」）已於二零二五年十二月三日在深 圳證券交易所正式掛牌上市。 中國鈾業的主營業務為天然鈾資源的采冶、銷售及貿易，同時從事獨居石、鈾 鉬等放射性共伴生礦產資源的綜合利用及產品銷售；主要產品包括天然鈾、氯 化稀土和四鉬酸銨等。其上市事項屬其獨立經營及資本運作安排。董事局認 為，中國鈾業成功上市不僅彰顯其資本市場地位的提升，亦有望進一步增強本 公司與母公司之間的協同效應，並為本公司未來發展提供更廣闊的戰略支持。 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 本公告乃本公司基於資訊 ...