本次冲击上市，中国铀业拟募集资金约41.1亿元。 （文章来源：北京商报） 招股书显示，中国铀业是专注于天然铀和放射性共伴生矿产资源综合利用业务的矿业公司，报告期内主 要从事天然铀资源的采冶、销售及贸易，以及独居石、铀钼等放射性共伴生矿产资源综合利用及产品销 售。据悉，公司主板IPO于2024年6月20日获得受理，当年7月18日进入问询阶段，2025年9月5日上会获 得通过，并于同年9月8日提交注册。 北京商报讯近日，深交所官网显示，中国铀业股份有限公司（以下简称"中国铀业"）主板IPO注册生 效。 ...

现货抢购热潮 中银国际发布研报称，重申对中广核矿业(01164)的买入评级，继续视其为现货价格上涨和估值提升的 关键受益者。自9月初的WNA后，该行看到整个核电产业链的融资进一步加速，上游燃料环节尤甚。无 论是实物铀基金还是绿地铀矿开发商均获得越来越多的投资者青睐，近期筹集资金的规模就是明证。 中银国际主要观点如下： 据媒体报道，全球最大的铀生产商哈原工正考虑新的上市地以提升估值。在天然铀投资情绪升温至新高 之际，该行认为哈原工潜在的再次上市不仅会为自身，还会为整个板块带来更好的流动性和更高估值。 考虑到中国铀业即将登陆A股，该行认为在强劲情绪和充足流动性支撑下，铀矿商估值将再获提振。 天然铀长贸价格突破80美元关口 至9月底升至83美元每磅。在以较优惠的价格与绿地项目签约的选项用尽后，核电公司正转向以更高的 价格与在产主流天然铀生产商签订长贸合同。在今年春季现货价跌至60多美元时主流生产商仍坚绝挺 价，到现在天然铀进入卖方市场的格局已十分清晰。任何绿地项目的进一步延迟都将使主流生产商在谈 判桌上处于更有利的地位。 亚洲新签约核电项目 在需求端，俄原工在上周的世界原子能周(9月25-28日于莫斯科举行)上签订 ...

Sprottt现货天然铀基金在过去的22个交易日中有18天成功融资，且筹资规模达到2021-22年以来的新 高。自9月1日以来，SPUT已募集超3亿美元，并在现货市场购买了超380万磅U3O8。9月期间，现货铀 价从76.03美元攀升至83美元。 绿地铀矿开发商融资与签约 NexGen今晨同时募集了4亿加元与4亿澳元，用于其Rook I项目的前期工程。该项目为目前最大的绿地 铀矿项目之一。WNA大会后绿地铀矿投资热度提升，市场对2030年代供需缺口共识进一步增强。 天然铀长贸价格突破80美元关口 智通财经APP获悉，中银国际发布研报称，重申对中广核矿业(01164)的买入评级，继续视其为现货价格 上涨和估值提升的关键受益者。自9月初的WNA后，该行看到整个核电产业链的融资进一步加速，上游 燃料环节尤甚。无论是实物铀基金还是绿地铀矿开发商均获得越来越多的投资者青睐，近期筹集资金的 规模就是明证。 中银国际主要观点如下： 现货抢购热潮 至9月底升至83美元每磅。在以较优惠的价格与绿地项目签约的选项用尽后，核电公司正转向以更高的 价格与在产主流天然铀生产商签订长贸合同。在今年春季现货价跌至60多美元时主流生产商仍坚 ...

机构：中信建投证券 研究员：覃静/王介超/邵三才 核心观点 1、国际贸易业务毛利下降及天然铀价格回落致公司上半年亏损。 2、公司自产贸易端，谢、奥公司均实现生产经营正常，且2025H1公司所得税已回归正常计提水平。 3、新销售框架协议已获股东特别大会表决通过，相比上一期的销售框架协议，此次基价大幅提高且现 货指数比例由60%调整为70%，公司业绩弹性可期。 4、天然铀价格易涨难跌，持续看好天然铀第三轮牛市。 事件 公司发布2025 年中期报告 2025 上半年，本集团实现营业额17.09 亿港元，同比下降58%；本集团录得亏损0.68 亿港元，同比下降 160%。 简评 1、国际贸易业务毛利下降及天然铀价格回落致公司上半年亏损 （1）受天然铀国际贸易合约价格大幅波动，叠加存货按加权平均成本法核算的影响，公司旗下中广核 国际销售公司的天然铀销售业务中的单位销售成本高于当期执行的单位销售价格，叠加上半年天然铀国 际贸易市场冷清，中广核国际销售公司销售量同比下降，共同导致本集团天然铀贸易毛利较2024 年同 期下降；（2）受天然铀价格回落影响，自产贸易业绩较2024 年同期下降。 2、公司整体生产经营尤其是矿山端保 ...

0:00 作为核电的核心原料，天然铀是保障国家安全的重要战略资源和能源矿产，被称为核工业的"粮食"，铀 资源的高效利用与环境的可持续发展成了一个亟待解答的重要课题。今天，跟随记者一起走进钱家店铀 矿，探索绿色矿山的科技密码。 编者按 千万IP创科普，共筑科技强国梦。为普及科学知识，弘扬科学精神，提高全民科学文化素质，助力实现 高水平科技自立自强，中国科协科普部与人民网联合策划推出"见证科技之路"主题报道，聚焦国家科技 战略政策、重要科技奖项、"卡脖子"关键核心技术等，深入基层一线开展采访调研，推出一批生动鲜活 的科普精品，大力弘扬科学家精神，为建设科技强国汇聚磅礴力量。 ...

Group 1 - The China Securities Regulatory Commission has approved China Uranium Corporation's initial public offering registration, with plans to raise 4.11 billion yuan [1] - China Uranium Corporation focuses on the comprehensive utilization of natural uranium and radioactive associated mineral resources, primarily engaging in the mining, sales, and trade of natural uranium resources [4] - The company has developed advanced extraction technologies, including a third-generation CO2+O2 in-situ leaching technology for complex sandstone uranium deposits [4] Group 2 - China Uranium Corporation is actively expanding its overseas uranium resource development, particularly in major uranium-producing regions in Africa and Asia [4] - The company's Rossing uranium mine in Namibia ranked sixth globally in uranium production in 2022 [4]

Group 1 - China General Nuclear Power Corporation (CGN) Mining (01164) saw a stock increase of over 7%, specifically 7.55%, reaching HKD 2.85 with a trading volume of HKD 134 million [1] - U.S. Energy Secretary Chris Wright suggested that the U.S. should consider expanding its strategic uranium reserves to reduce dependence on Russian supplies and enhance confidence in the long-term prospects of nuclear power [1] - According to Zheshang Securities, the global trend of nuclear power recovery remains unchanged, and the supply-demand tightness in the natural uranium market has not eased, indicating a potential upward correction in spot uranium prices [1] Group 2 - The company, as a specialized uranium resource development and operation platform under CGN Group, is expected to expand its resource portfolio alongside the group's increasing nuclear power installed capacity [1] - The current cycle of rising natural uranium prices is anticipated to lead to simultaneous growth in both volume and price for the company [1]

Group 1 - The core viewpoint of the article highlights the positive market response for China General Nuclear Power Corporation (CGN) Mining, with a stock increase of over 7% following comments from the U.S. Energy Secretary regarding the expansion of strategic uranium reserves to reduce reliance on Russian supplies and boost confidence in the long-term prospects of nuclear power [1] - The report from Zheshang Securities indicates that the global nuclear power recovery trend remains unchanged, and the tight supply-demand dynamics in the natural uranium market have not eased, suggesting a potential upward correction in spot uranium prices [1] - The company, as a specialized uranium resource development and operation platform under CGN Group, is expected to benefit from the group's increasing nuclear power installed capacity, leading to growth in both volume and price during the current natural uranium upcycle [1]

Investment Rating - The report maintains a positive investment rating for the uranium industry, highlighting the company's strong position and growth potential in the nuclear energy sector [7]. Core Insights - The company is a leading player in the global nuclear energy market, focusing on the mining, sales, and trade of natural uranium and associated radioactive minerals, ensuring energy security [1][10]. - Revenue and net profit are on an upward trend, with a compound annual growth rate (CAGR) of 17.9% for revenue and 7.8% for net profit from 2022 to 2024 [1][20]. - The company has a robust resource base, with significant uranium production capacity and a strategic focus on enhancing operational efficiency through various investment projects [3][58]. Summary by Sections 1. Company Overview - The company has established itself as a key player in China's nuclear energy sector, with a comprehensive business model encompassing uranium mining and the utilization of associated radioactive resources [10][11]. - It has a clear ownership structure, with the controlling stake held by China National Nuclear Corporation, ensuring strategic alignment and operational efficiency [15][18]. 2. Core Competitiveness - The company possesses rich uranium resources and significant exploration rights, with a strong presence in key mining regions [35][36]. - Production technology is mature and stable, allowing for efficient extraction and processing of uranium and associated minerals [38][39]. 3. Fundraising Projects - The company plans to utilize raised funds for projects aimed at increasing uranium production capacity and enhancing the comprehensive utilization of associated resources [58][60]. - Key projects include the development of in-situ leaching uranium mining and improvements in processing technologies for associated minerals [59][60]. 4. Industry Dynamics - The uranium industry is characterized by high supply concentration and increasing demand driven by nuclear energy development, with China being the second-largest consumer globally [4]. - The report emphasizes the industry's high entry barriers due to resource ownership, regulatory requirements, and technological expertise [4][5].

Core Viewpoint - China Uranium Corporation has successfully passed the IPO meeting on the Shenzhen Stock Exchange, aiming to raise 4.11 billion yuan, focusing on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources [1][2]. Group 1: Company Overview - China Uranium Corporation specializes in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of radioactive co-associated mineral resources such as monazite and uranium-molybdenum [1]. - The company has developed advanced extraction technologies, including a third-generation in-situ leaching technology marked by CO2+O2, addressing challenges in uranium mining [1]. Group 2: Market Position - China Uranium Corporation holds a significant position in the global uranium market, being one of the top ten uranium producers worldwide, contributing to over 90% of global uranium production [2]. - The company actively participates in global uranium market transactions, establishing a strong market presence and industry reputation [2]. Group 3: Financial Performance - The company reported revenues of approximately 10.54 billion yuan, 14.80 billion yuan, and 17.28 billion yuan for the years 2022, 2023, and 2024, respectively [2][3]. - Net profits for the same years were approximately 1.52 billion yuan, 1.51 billion yuan, and 1.71 billion yuan [2][5]. - Total assets increased from approximately 191.54 billion yuan in 2022 to 206.83 billion yuan in 2024, with shareholders' equity rising from approximately 96.13 billion yuan to 118.87 billion yuan during the same period [5].