Core Points - N China Uranium (001280) was listed today, opening with a significant increase of 246.56%, and by midday, the increase expanded to 281.50% with a trading volume of 97.4995 million shares and a turnover of 6.364 billion yuan, resulting in a turnover rate of 61.67% [2] Company Overview - The company primarily engages in the mining, sales, and trading of natural uranium resources, as well as the comprehensive utilization and sales of associated radioactive minerals such as monazite, uranium-molybdenum, tantalum, and niobium [2] IPO Details - The total number of shares issued in this IPO was 248 million, with an online issuance of 12.1609 million shares at a price of 17.89 yuan per share. The issuance price-to-earnings ratio was 27.06, slightly below the industry average of 27.57. The final online subscription rate was 0.0433935265% [2] Fund Utilization - The total funds raised from the IPO amounted to 4.44 billion yuan, which will be primarily allocated to various projects including: - In-situ leaching uranium mining project at the Nalinggou uranium deposit in Inner Mongolia - Supplementing working capital - Phase II in-situ leaching uranium mining project at the Bayan Ula uranium deposit - Comprehensive technical renovation project at the Shuiye uranium industry - Expansion projects for in-situ leaching uranium mining in Xinjiang - Comprehensive utilization project for associated uranium resources in Jiangxi - Annual production project of 1,000 tons of tantalum-niobium new materials - Phase III project at the Mianhuakeng mine in Shaoguan [2]

Group 1 - The core viewpoint of the news is that China Uranium Corporation is planning to raise funds through an initial public offering (IPO) to support its operations in natural uranium and radioactive co-associated mineral resources [2] - The company aims to raise a total of 4.44 billion yuan (approximately 443.997 million) through the IPO, with a share price set at 17.89 yuan [2] - The funds raised will be allocated to natural uranium capacity projects, comprehensive utilization of radioactive co-associated mineral resources, and to supplement working capital [2] Group 2 - China Uranium Corporation is primarily engaged 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, uranium-molybdenum, and tantalum-niobium [2] - As of the signing date of the prospectus, China National Nuclear Corporation holds 1,197,043,120 shares of China Uranium Corporation, representing a 65.77% stake, making it the controlling shareholder [2] - The actual controller of China Uranium Corporation is China National Nuclear Corporation, which indirectly controls 79.48% of the shares through various subsidiaries [2]