CGN MINING(HK:01164) 智通财经网·2026-01-28 02:42Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining has seen a stock increase of over 9%, currently trading at HKD 4.98 with a transaction volume of HKD 240 million, indicating strong market interest and confidence in the company's future prospects [1] Group 1: Company Performance - During the 14th Five-Year Plan period, CGN has received approval for 16 nuclear power units, with 10 units starting construction and 4 units completed and operational [1] - Currently, CGN operates 28 nuclear power units and has 20 units under construction, with a total installed capacity exceeding 56 million kilowatts, making it the largest nuclear power operator in China and the second largest globally [1] Group 2: Market Outlook - According to Guolian Minsheng Securities, the outlook for CGN Mining's performance is positive, with expectations of accelerated earnings release due to rising uranium prices, production increases, and improved pricing mechanisms [1] - The new sales framework agreement anticipates uranium sales volumes of 1,438 tons, 1,617 tons, and 1,598 tons for the years 2026 to 2028, reflecting year-on-year growth rates of +8.7%, +12.4%, and -1.2% respectively, primarily driven by production releases from the company's mines [1] - The pricing formula in the new sales agreement has been adjusted, with the base price increasing from USD 61.78 to USD 94.22 per pound of U3O8, and the annual increment rate rising from 3.5% to 4.1%, while the proportion of spot prices has increased from 60% to 70%, enhancing the company's earnings elasticity and positioning it to benefit from rising uranium prices in the future [1]