中国铀业发布招股意向书 募资41.1亿元强化铀资源保障

Core Viewpoint - China Uranium Corporation (China Uranium) has officially initiated its A-share listing process, aiming to raise 4.11 billion yuan through the issuance of 248 million shares, which will be directed towards natural uranium capacity construction and the comprehensive utilization of radioactive associated mineral resources [1][4]. Financial Performance - For the years 2022 to 2024 and the first half of 2025, the company reported revenues of 10.535 billion yuan, 14.801 billion yuan, 17.279 billion yuan, and 9.551 billion yuan, with net profits of 1.520 billion yuan, 1.511 billion yuan, 1.712 billion yuan, and 0.871 billion yuan respectively. The compound annual growth rates for revenue and net profit over the last three years were 28.07% and 6.12% [2]. Project Investment - The raised funds will be allocated to seven core projects and to supplement working capital, including four domestic natural uranium capacity projects and three projects focused on the comprehensive utilization of radioactive associated mineral resources [2]. Market Context - The listing opportunity for China Uranium aligns with the global nuclear power industry's recovery and China's dual carbon strategy. By December 2024, there will be 441 operational nuclear reactors globally, with a projected demand for natural uranium reaching 13,132 tons in 2024 [3]. Competitive Position - China Uranium has established itself among the major uranium producers globally, competing with giants like Kazatomprom, Orano, and Cameco. The company leverages its "national team" status and global asset layout to create a differentiated competitive advantage [3]. Strategic Goals - The release of the prospectus marks a critical phase in the company's listing process, aiming to enhance capital strength and participate more deeply in the global uranium strategic resource competition [4].