[Brokerage Focus] CMB International maintains a "Buy" rating on CGN MINING (01164), stating that its core profits continue to grow.

Golden Finance News | According to research reports from China Merchants International, CGN MINING (01164) issued a profit warning after yesterday's market close, expecting a year-on-year decrease in Net income of 1.3 billion HKD for 2024. The decline is attributed to (1) a one-time supplementary payment of previous year's dividend withholding tax, which is within market expectations; (2) a share exchange transaction by Paladin Energy (PDN AU, not rated) acquiring Fission Uranium, leading to changes in fair value. CGN MINING indicated that if these items are excluded, it is expected that the pre-tax profit from continuous Operation in 2024 will increase by 2% year-on-year.

Financial NewsMar 14 16:39 · Ratings

CGN MINING(1164.HK):PROFIT ALERT MAINLY RELATED TO ONE-OFF ITEMS; CORE PROFIT REMAINS INTACT

Mar 14 09:02

Announcement highlights | AIA's new business value for the year 2024 increased by 18% year-on-year to 4.712 billion USD, proposing a final dividend of 130.98 Hong Kong cents per share; Weibo's net profit for the fiscal year 2024 decreased by 12.2% year-on

BOC AVIATION's Net income for 2024 increased by about 20%; YUEXIUTRANSPORT's revenue declined year-on-year last year.

cls.cnMar 14 08:22

CGN MINING (1164.HK): The pre-tax operating profit for 2024 meets expectations, with stable Uranium prices supporting a recovery in the fundamentals.

The company issued a profit warning, expecting the annual profit for 2024 to be between 317 and 367 million HKD, a year-on-year decrease of 35% to 26%, mainly due to the provision for dividend withholding tax and the termination of operating losses generated by the Fission stock exchange acquisition.

HTSCMar 14 00:00

CGN MINING (01164) expects the profit for the fiscal year 2024 to decrease by approximately 0.13 billion HKD year-on-year to 0.18 billion HKD.

CGN MINING (01164) issued an announcement, expecting the group's pre-tax... for the year ending December 31, 2024.

Zhitong FinanceMar 13 17:16

CGN Mining Issues Profit Warning Amid Tax Challenges and Market Changes

TipRanksMar 13 17:08