CNNC International (Stock Code: 2302) Issues Positive Profit Alert, Projects Not Less Than HK$2,460 Million in 2025 Revenue

Bulletin Express02-09

CNNC International (Stock Code: 2302) announced an expected revenue increase for the year ended 31 December 2025 to not less than approximately HK$2,460 million, compared with HK$1,841 million in 2024. Gross profit is projected to rise to not less than approximately HK$260 million from the prior period’s HK$234 million.

According to the announcement, the revenue growth is primarily driven by an increase in uranium trading volume, supported by stable spot uranium prices and the fulfillment of carried-over demand under a continuing connected transaction framework. The company also anticipates a net profit attributable to shareholders of not less than HK$190 million from the uranium trading business in 2025 after deducting all relevant expenses.

In 2024, the company’s net profit attributable to shareholders totaled HK$195 million, which included a one-off gain of approximately HK$23 million and a share of results of associates of approximately HK$32 million. Excluding those factors, the net profit from the uranium trading business was around HK$140 million in 2024; the expected net profit for 2025 therefore represents an increase of at least HK$50 million for the core business. Final results for 2025 have not been audited or reviewed and will be published before the end of March 2026. The announcement advises shareholders and potential investors to exercise caution when dealing in the company’s securities.

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