Core Viewpoint - China Uranium Corporation (China Uranium) is conducting its initial public offering (IPO) to raise funds for key projects aimed at enhancing its uranium production capacity and overall business development [1][3]. Fund Allocation - The raised funds will be allocated to seven key investment projects and some working capital, supporting the company's goal of becoming an international leader in uranium production. Approximately 2.184 billion yuan will be invested in four domestic natural uranium projects, significantly increasing domestic uranium production capacity [2][3]. - About 693 million yuan will be directed towards three projects focused on the comprehensive utilization of radioactive co-associated mineral resources, enhancing efficiency and environmental benefits [2][3]. - Part of the funds will also be used to supplement working capital, improving the company's global uranium resource acquisition capabilities and financial structure [2][3]. Business Development Impact - The utilization of the raised funds is expected to significantly boost the company's main business, expanding uranium production capacity and enhancing extraction and hydrometallurgical technology levels [3][4]. - The completion of these projects will lead to substantial increases in revenue, profitability, and international competitiveness, laying a solid foundation for sustainable high-quality development [3][4]. Company Overview - China Uranium is a key player in China's nuclear industry, focusing on the mining, sales, and trade of natural uranium and the comprehensive utilization of radioactive co-associated mineral resources [4][5]. - The company has developed a complete and efficient organizational, team, capability, and technology system for natural uranium operations, with a focus on sandstone uranium mining and the utilization of co-associated resources [4][5]. Market Context - The global energy transition is creating a historic development window for the natural uranium industry, with demand for uranium expected to rise significantly by 2030 and 2040 [5][6]. - China Uranium's business has shown steady growth, with projected revenues of 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan from 2022 to 2024, reflecting a compound annual growth rate of approximately 28% [6][7]. IPO Details - The company plans to issue 248.18 million shares, accounting for 12% of the total shares post-IPO, with an expected fundraising amount of 4.11 billion yuan [7][8]. - The funds will be prioritized for natural uranium production projects and the comprehensive utilization of radioactive co-associated mineral resources [8][9]. Future Goals - Following the IPO, the company aims to enhance its technological innovation capabilities, improve operational performance, and strengthen its governance structure, ultimately striving to become a world-class technology-driven mining company focused on uranium [10].

Core Viewpoint - China Uranium Corporation is nearing its IPO, with a share price set at 17.89 yuan, aiming to raise 4.11 billion yuan for various projects and working capital [3][4][7]. Group 1: IPO Details - The IPO process took one year and five months, with subscription starting on November 21 [3][4]. - The company plans to issue 24,818,181.8 shares, accounting for 12% of the total post-issue share capital [7]. - Eight strategic investors, including China National Nuclear Corporation Capital and Huaneng Nuclear Power, will invest over 1.33 billion yuan, representing 30% of the total issuance [7][8]. Group 2: Financial Performance - In the first three quarters of 2025, the company reported revenues of 13.764 billion yuan and a net profit of 1.2 billion yuan, both showing double-digit growth [10]. - The company anticipates 2025 revenues between 19.5 billion and 20 billion yuan, with net profits projected at 1.6 billion to 1.65 billion yuan [10]. - Historical revenue growth from 2019 to 2024 shows a consistent upward trend, with revenues increasing from 8.047 billion yuan in 2019 to 17.279 billion yuan in 2024 [9][10]. Group 3: Market Position and Demand - China Uranium is a leading supplier of natural uranium, ranking among the top ten producers globally, contributing to over 90% of the world's uranium supply [8][9]. - The global demand for uranium is expected to grow, with projections indicating a long-term supply gap due to increasing nuclear power capacity [9][10]. - The company maintains stable relationships with major clients, including long-term supply agreements with key players in the nuclear industry [11].

Core Viewpoint - China Uranium Industry (001280.SZ) has successfully listed on the Shenzhen Main Board, focusing on the comprehensive utilization of natural uranium and radioactive co-mineral resources, and is the third-largest IPO in A-shares this year [1] Company Overview - China Uranium Industry specializes in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of co-mineral resources such as monazite, uranium-molybdenum, and tantalum-niobium [1] - The company is a key player in China's natural uranium supply, being the main entity in the natural uranium mining sector under the China National Nuclear Corporation (CNNC) [5][6] Financial Metrics - The IPO price was set at 17.89 CNY per share, with an institutional offering price of 18.45 CNY, resulting in a market capitalization of 37 billion CNY [2] - The company reported revenues of 10.535 billion CNY, 14.801 billion CNY, and 17.279 billion CNY for the years 2022, 2023, and 2024 respectively, with net profits of 1.334 billion CNY, 1.262 billion CNY, and 1.458 billion CNY for the same years [6] Investment Direction - The company plans to allocate raised funds primarily towards various uranium mining projects, including: - 1.38 billion CNY for the Inner Mongolia Naling project (33.58%) - 420 million CNY for the second phase of the Bayan Obo uranium project (10.22%) - 310 million CNY for the expansion of the Xinjiang Tianshan uranium project (7.54%) [4] Market Position - China Uranium Industry is among the top ten global producers of natural uranium, with significant mining rights and long-term supply contracts with major global uranium companies [6] - The company is expected to benefit from the accelerating development of nuclear power in China, with a projected increase in global uranium demand from 67,500 tons in 2024 to 150,500 tons by 2040 [5]

Core Viewpoint - China Uranium Industry (001280.SZ) has launched its IPO on the Shenzhen Main Board, focusing on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, and is the third largest IPO in A-shares this year [1][8]. Company Overview - China Uranium Industry specializes in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of co-associated radioactive minerals such as monazite, uranium-molybdenum, and tantalum-niobium [1][6]. - The company is a key player in China's natural uranium supply, being the main entity in the natural uranium mining sector of the China National Nuclear Corporation (CNNC) [5][6]. Financial Metrics - The IPO price is set at 17.89 CNY per share, with an institutional offering price of 18.45 CNY per share, resulting in a market capitalization of 37 billion CNY [2]. - The company has a P/E ratio of 27.06, slightly below the industry average of 27.57 [2]. Fundraising and Investment Plans - The company plans to allocate 13.80 billion CNY (33.58%) of the raised funds to the Inner Mongolia Naling project, with additional investments in other uranium mining projects [4][5]. - Other significant allocations include 4.20 billion CNY for the second phase of the Bayan Ula uranium project and 3.10 billion CNY for the expansion of the Xinjiang Tianshan uranium project [4]. Market Position and Growth Potential - China Uranium Industry is among the top ten global producers of natural uranium, with a strong presence in both domestic and international markets [6]. - The company has long-term supply contracts with major global uranium mining companies and has established good relationships with downstream nuclear power operators [6]. Performance Outlook - The company reported revenues of 10.535 billion CNY, 14.801 billion CNY, and 17.279 billion CNY for the years 2022, 2023, and 2024, respectively, with net profits of 1.334 billion CNY, 1.262 billion CNY, and 1.458 billion CNY [6]. - For the first three quarters of 2025, the company achieved a revenue of 13.764 billion CNY and a net profit of 1.2 billion CNY [6]. Market Trends - The global demand for natural uranium is expected to grow significantly, with projections indicating an increase from 67,500 tons in 2024 to 150,500 tons by 2040, while the production is only expected to reach 60,200 tons in 2024 [5][6]. - The international uranium market has seen a rising trend in prices from 2022 to 2024, which has positively impacted the company's performance [7].

Core Viewpoint - The successful IPO of China Uranium Corporation (stock code: 001280) marks a significant step in filling the upstream resource gap in the nuclear fuel industry in the A-share market, driven by the increasing global and domestic demand for nuclear power [1][2]. Group 1: Nuclear Power Demand and Uranium Resource Value - Global consensus on nuclear power growth has been reignited due to energy security concerns and carbon neutrality goals, with commitments from 31 countries to double global nuclear power capacity by 2050 [3][4]. - In China, the approval and construction of nuclear power projects have accelerated, with 29 nuclear units under construction and a total capacity of 33,165 MW expected by the end of 2024 [4]. Group 2: Supply-Demand Imbalance and Challenges - The supply of natural uranium is lagging behind the explosive growth in nuclear power demand, with a significant gap between global uranium production (47,300 tons) and demand (62,500 tons) in 2021 [5]. - China's reliance on international procurement for uranium due to insufficient domestic supply highlights the strategic importance of China Uranium in ensuring national energy security [6]. Group 3: China Uranium's Market Position - China Uranium is the only domestic operator covering the entire natural uranium industry chain, with over 90% of its revenue from uranium mining and trading [2][7]. - The company holds significant mining rights and is a key supplier for domestic nuclear power plants, ensuring a stable supply through long-term contracts [7][10]. Group 4: Financial Performance and Growth - China Uranium's revenue has shown strong growth, with projected revenues of 10.535 billion, 14.801 billion, and 17.279 billion yuan from 2022 to 2024, reflecting a compound annual growth rate of 28.07% [11]. - The company reported a revenue of 9.551 billion yuan in the first half of 2023, a year-on-year increase of 18.74% [11]. Group 5: Strategic Investment and Capacity Expansion - The IPO proceeds will focus on capacity expansion, resource utilization, and working capital, aligning with national strategies for energy security and clean energy development [13][19]. - Key projects include the development of domestic uranium mining capacity, which will significantly enhance production and reduce reliance on foreign sources [15][16]. Group 6: Long-term Development and International Expansion - The company plans to use part of the IPO funds to support international resource exploration and projects, enhancing its global resource control capabilities [17]. - The strategic investments are crucial for meeting the growing uranium demand driven by China's nuclear power expansion plans [19].

证券代码：001280 证券简称：中国铀业 公告编号：2025-001 中国铀业股份有限公司 上市首日风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 经深圳证券交易所《关于中国铀业股份有限公司人民币普通股股票上市的通 知》（深证上〔2025〕1333 号）同意，中国铀业股份有限公司（以下简称"发行 人"、"公司"或"本公司"）首次公开发行的人民币普通股股票在深圳证券交易 所上市，证券简称为"中国铀业"，证券代码为"001280"。公司本次公开发行的 248,181,818 股人民币普通股股票全部为新股发行，不涉及股东公开发售股份的 情形。本公司首次公开发行股票中的 158,087,259 股人民币普通股股票自 2025 年 12 月 3 日起可在深圳证券交易所上市交易，其余股票的可上市交易时间按照有 关法律法规规章、深圳证券交易所业务规则及公司相关股东的承诺执行。 公司郑重提请投资者注意：投资者应充分了解股票市场风险及本公司披露的 风险因素，切实提高风险意识，在新股上市初期切忌盲目跟风"炒新"，应当审 慎决策、理性投资。现将有关事项提示如下： 1 ...

Group 1 - The nuclear power industry chain in China is experiencing significant breakthroughs with the commencement of new projects in Shandong and Zhejiang, marking a full-scale launch of new constructions [1] - China Uranium Industry's IPO has been successfully launched, enhancing upstream resource security for the nuclear power sector [1][4] - The international fusion cooperation project BEST has been initiated, accelerating the layout of cutting-edge technologies in the nuclear energy field [1][2] Group 2 - Since 2022, China has consistently approved more than 10 nuclear power units annually, indicating a normalization of project approvals and strong investment momentum in the nuclear sector [3] - The total investment for the newly approved 10 nuclear units in April is estimated to exceed 200 billion yuan, reflecting robust demand for nuclear power construction [3] - In the first nine months of 2025, domestic nuclear power investment reached 990.9 billion yuan, a year-on-year increase of 23.3% [3] Group 3 - China Uranium Industry holds significant mining rights and advanced extraction technologies, which will enhance domestic uranium production capacity and supply security [4] - The IPO aims to raise 4.11 billion yuan to fund several projects, including the Nalinggou uranium mine, thereby strengthening the upstream resource support for the nuclear power industry [4] Group 4 - As of October 2023, China operates 59 nuclear power units with a total installed capacity of 62.48 million kilowatts, maintaining the world's largest scale [5] - China's nuclear power generation accounts for only 5% of total electricity generation, indicating substantial growth potential compared to other regions [5] Group 5 - The first fourth-generation nuclear power plant is set to be operational by December 2023, showcasing advancements in safety and efficiency [6] - The BEST project is progressing, with significant investments in fusion energy technologies, indicating a clear roadmap for nuclear energy development in China [7] Group 6 - Investment opportunities are identified in various segments of the nuclear power industry, including equipment manufacturers, operators, and uranium resource companies [8] - Companies such as China Nuclear Power, China General Nuclear Power, and China Uranium Industry are highlighted as key players to watch in the evolving market [8]

Core Viewpoint - The upcoming IPO of China Uranium Industry is expected to perform well, given its strong fundamentals and the recent trend of new stocks in the market [5][7]. Company Overview - China Uranium Industry is the only company in A-shares engaged in domestic natural uranium mining and processing, playing a crucial role in China's natural uranium supply [1][2]. - The company is controlled by China National Nuclear Corporation and focuses on the comprehensive utilization of natural uranium and associated radioactive minerals [1][2]. Resource Control and Production - The company holds 17 mining rights for domestic natural uranium or uranium-molybdenum mines, located in regions rich in natural uranium resources [2]. - It ranks among the top ten natural uranium producers globally, with its Rosin uranium mine being the sixth largest in terms of production in 2022 [2]. Industry Context - The natural uranium mining business is positioned upstream in the nuclear industry supply chain, with increasing demand for natural uranium driven by the growth of nuclear power in China [3]. - China's nuclear power generation share has increased from 2.11% in 2013 to 4.73% currently, indicating significant growth potential compared to developed countries [3]. Financial Performance - The company is projected to achieve revenues of 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan for the years 2022, 2023, and 2024, with year-on-year growth rates of 18.3%, 40.49%, and 16.74% respectively [3]. - Net profits for the same years are expected to be 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan, with growth rates of 62.01%, -5.38%, and 15.58% respectively [3]. IPO Details - The IPO will issue 24.818 million shares, raising 4.44 billion yuan, with funds allocated to various projects and working capital [4]. - The company plans to invest 2.184 billion yuan in four natural uranium capacity projects and 693 million yuan in three projects for the comprehensive utilization of radioactive minerals [4]. Market Expectations - Recent trends indicate that new stocks have performed well on their debut, with an average first-day increase of 327.58% for new A-share listings [5][6]. - The expected price range for the first-day increase of China Uranium Industry is between 150.7% and 327.58% based on recent performance [6][7]. Valuation Insights - The dynamic price-to-earnings ratio for China Uranium Industry is 21.69, significantly lower than the average of 49.64 for comparable companies [6]. - The IPO price of 17.89 yuan per share is considered moderate, with similar stocks historically showing an average first-day increase of 279% [6].

股票简称：中国铀业 股票代码：001280 中国铀业股份有限公司 China National Uranium Co., Ltd. （北京市通州区九棵树 145 号 26 幢 1 层） 首次公开发行股票并在主板上市 之上市公告书 保荐人（主承销商） （住所：北京市朝阳区安立路 66 号 4 号楼） 联席主承销商 （住所：广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二五年十二月 特别提示 中国铀业股份有限公司（以下简称"公司"、"本公司"、"发行人"、"中国铀业"） 股票将于 2025 年 12 月 3 日在深圳证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市 初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与《中国铀业股份有限公司首 次公开发行股票并在主板上市招股说明书》（以下简称"招股说明书"）中的相同。如本 上市公告书中部分合计数与各单项数据之和在尾数上存在差异，这些差异是四舍五入所 致。 1 第一节 重要声明与提示 一、重要声明及提示 本公司及全体董事、高级管理人员保证上市公告书的真实性 ...

中国铀业股份有限公司 首次公开发行股票并在主板上市 之上市公告书提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 经深圳证券交易所审核同意，中国铀业股份有限公司（以下简称"公司"、"本公司"、 "发行人"、"中国铀业"）人民币普通股股票将于 2025 年 12 月 3 日在深圳证券交易所 主板上市，上市公告书全文和首次公开发行股票并在主板上市招股说明书全文披露于中 国证券监督管理委员会（以下简称"中国证监会"）指定信息披露网站：巨潮资讯网， 网址：www.cninfo.com.cn；中证网，网址：www.cs.com.cn；中国证券网，网址： www.cnstock.com；证券时报网，网址：www.stcn.com；证券日报网，网址：www.zqrb.cn， 供投资者查阅。 一、上市概况 二、风险提示 本公司提醒广大投资者注意首次公开发行股票（以下简称"新股"）上市初期的投 资风险，广大投资者应充分了解风险、理性参与新股交易。具体而言，本公司新股上市 1 （一）股票简称：中国铀业 （二）股票代码：001280 （三）首次公开发行后总股本：206,8 ...