Zhong Guo Jing Ji Wang·2025-09-06 09:06Core Viewpoint - China Uranium Industry Co., Ltd. has been approved for its initial public offering (IPO) on the Shenzhen Stock Exchange, marking it as the 48th company to pass the review this year [1][2]. Company Overview - China Uranium is focused on the comprehensive utilization of natural uranium and radioactive associated mineral resources, primarily engaged in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of products like monazite and uranium-molybdenum [1]. Shareholding Structure - As of the signing date of the prospectus, China National Nuclear Corporation holds 1,197,043,120 shares of China Uranium, representing a 65.77% stake, making it the controlling shareholder [2]. - The actual controller of China Uranium is China National Nuclear Corporation, which indirectly controls 79.48% of the shares through various subsidiaries and partnerships [2]. IPO Details - China Uranium plans to publicly issue no less than 202,222,223 shares and no more than 321,176,470 shares on the Shenzhen Stock Exchange, accounting for 10% to 15% of the post-issue share capital [2]. - The company aims to raise 4.11 billion yuan, which will be allocated to natural uranium capacity projects, comprehensive utilization projects of radioactive associated mineral resources, and to supplement working capital [2]. Regulatory Review - During the listing committee meeting, key inquiries were made regarding the future price trends of natural uranium, the stability of major customers and suppliers, and the impact of these factors on revenue composition and gross margin trends [2].