CGN MINING(HK:01164) Zhi Tong Cai Jing·2025-12-24 01:45Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining (01164) has seen a nearly 4% increase in stock price, currently trading at 3.3 HKD, with a trading volume of 22.18 million HKD. This rise is supported by positive forecasts regarding uranium prices and changes in sales frameworks that are expected to boost revenue and profits for the company [1]. Group 1: Uranium Market Outlook - Goldman Sachs' latest report predicts that spot uranium prices will rise to approximately 91 USD per pound by the end of 2026, representing at least a 20% increase from the current price of about 76 USD [1]. - The report indicates that both the spot and long-term contract markets for uranium face upward price risks, with long-term contract prices increasing from 80 USD per pound to 86 USD since August [1]. - Goldman Sachs' model forecasts a cumulative supply gap of about 13% for uranium from 2025 to 2035, which is expected to widen to 32% from 2025 to 2045 [1]. Group 2: Company-Specific Developments - Guotou Securities International recently published a report stating that a new trading framework will drive significant increases in both revenue and profits for CGN Mining [1]. - In early June, the company announced a new pricing framework for related transactions with China General Nuclear Group for the years 2026-2028, changing the sales price structure from 40% base price + 60% spot price to 30% base price + 70% spot price [1]. - The base prices have been significantly raised from 61.78 USD/pound, 63.94 USD/pound, and 66.17 USD/pound to 94.22 USD/pound, 98.08 USD/pound, and 102.10 USD/pound, respectively, indicating a substantial increase in expected sales revenue and profit [1].