CNNC International Shares Drop Over 4% After Warning of Mid-Year Revenue Decline of Up to HK$451 Million

Stock News08-06

CNNC INT'L (02302) shares fell more than 4% in trading, with the stock down 4.5% at HK$4.135 as of press time, on a turnover of HK$3.9978 million.

On the evening of August 5, the company issued a profit warning, projecting that revenue for the first half of 2026 would decrease by no more than approximately HK$451 million compared to the same period in 2025, when it recorded about HK$592 million. Gross profit is expected to decline by no more than HK$12 million from the roughly HK$19.7 million reported in the prior year's corresponding period, while net profit attributable to shareholders is forecast to be no less than approximately HK$5 million.

The significant drop in revenue is primarily attributed to a sharp reduction in the volume of natural uranium business transactions with independent third parties compared to the same period last year.

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