Highlights from the Brokerage morning meeting: Demand improved in the first quarter, and performance recovery in the Electrical Utilities New energy Fund industry is expected.
In today's Brokerage morning meeting, Sinolink believes that the core logic of incremental policies is becoming clearer; China Securities Co.,Ltd. noted that the current expectations for Fuel Cell Energy vehicles in the Sector are relatively weak, and there might be an upward inflection point in sales during the peak season in May-June; HTSC suggested that the demand is improving in the first quarter, and the performance recovery of Electrical Utilities New energy industry is expected.
CGN MINING: Annual Report 2024
Announcement Highlights | POP MART's Q1 revenue increased by more than 1.6 times year-on-year; High Throughput! BYD plans a 10-for-8 and 12-for-1 stock split, with dividends exceeding 12 billion yuan.
In the first quarter, CHINA MOBILE's Net income was 30.6 billion yuan, a year-on-year increase of 3.45%; ZTE's Net income for the first quarter was 2.453 billion yuan, a year-on-year decrease of 10.5%.
Hong Kong stock announcement for investment | CHINA MOBILE's profit attributable to shareholders in the first quarter was 30.6 billion yuan, a year-on-year increase of 3.45%.
POP MART (09992) reported a year-on-year overall revenue growth of 165%-170% in the first quarter, with overseas revenue increasing by 475%-480%; SHOUCHENG (00697): 'Tiangong Ultra' has broken several world records and will increase investment in the robotics field.
CGN Mining Co. Surpasses Q1 Uranium Production Targets, Reports Strong Trading Activity
In the first quarter, CGN MINING (01164) produced a total of 659.1tU of natural Uranium from its invested mines, achieving a completion rate of 110.7% for this quarter.
CGN MINING (01164) announced that in the first quarter of 2025, the mines invested by the group produced a total of...
National Energy Administration: As of the end of March, the total installed power generation capacity nationwide reached 3.43 billion kilowatts, an increase of 14.6% year-on-year.
On April 20th, the National Energy Administration released the Electrical Utilities Statistics for the national power industry from January to March.
CGN Mining Announces Leadership Changes With New CEO Appointment
CGN MINING (01164.HK): Qiu Bin has been transferred from Vice President to Chief Executive Officer.
On April 15, Gelonghui announced that CGN MINING (01164.HK) has appointed a suitable candidate to serve as the company's Chief Executive Officer to clearly distinguish the responsibilities of the Chairman of the Board of Directors and the company's CEO. As of April 15, 2025, Mr. Wang Xianfeng will no longer hold the position of Chief Executive Officer and will be transferred from Executive Director to Non-Executive Director, continuing to serve as the Chairman of the Board of Directors and Chairman of the Nomination Committee, without receiving compensation from the company. From April 15, 2025, Mr. Qiu Bin has been appointed as the company's Executive Director and has been transferred from Vice President to Chief Executive Officer.
CGN MINING (01164.HK): Clearing the clouds, a long-term bullish trend for natural Uranium is still expected.
Investment Highlights: The company released its 2024 performance, achieving revenue of 8.624 billion Hong Kong dollars, a year-on-year increase of 17.05%, and a Net income of 0.342 billion Hong Kong dollars, a year-on-year decline of 31.20%. The company's main Operation is stable.
[Brokerage Focus] Guosen maintains the "Outperform Market" rating for CGN MINING (01164), pointing out that the profits from the Uranium Business significantly increase with the rise in Uranium prices.
Jinwu Finance News | Guosen released a Research Report indicating that CGN MINING (01164) achieved an operating revenue of 8.624 billion yuan in 2024, representing a year-on-year increase of 17.05%; it achieved a pre-tax profit of 0.814 billion yuan, a year-on-year increase of 48.3%; and a profit attributable to shareholders of 0.342 billion Hong Kong dollars, a year-on-year decrease of 31.2%. The company's main business in natural Uranium trading generated an operating revenue of 8.624 billion Hong Kong dollars, with a segment profit of -0.095 billion Hong Kong dollars; investment income from the Xie company was 0.399 billion Hong Kong dollars, a year-on-year increase of 46.4%; and investment income from the Ao company was 0.617 billion Hong Kong dollars, a year-on-year increase of 92.8%. The rise in natural Uranium prices has driven the company's natural Uranium business.
CGN MINING (01164.HK): A decline in net profit attributable to shareholders due to withholding tax on dividends and changes in fair value; investment income from natural Uranium increased with rising Uranium prices.
The increase in Uranium prices has led to a significant growth in pre-tax performance, while the withholding tax on dividends and changes in fair value have resulted in a decrease in profit attributable to the parent company. In 2024, operating revenue is expected to reach 8.624 billion yuan, a year-on-year increase of +17.05%; pre-tax profit is expected to be 0.814 billion yuan.
CGN MINING (1164.HK): CNI Resource Index supports long-term value, while short-term pressure awaits a cycle reversal.
Event: CGN MINING's revenue in 2024 increased by 17% to 8.624 billion HKD, but impacted by increased income tax and non-recurring gains and losses, net income declined by 31% year-on-year to 0.342 billion HKD. The company enjoys low costs.
S&P Global Market Intelligence has listed the top ten shorted Hong Kong stocks recently.
S&P Global Market Intelligence has listed the top ten most shorted stocks in Hong Kong as of Monday (March 24). The data is calculated based on the securities financing dataset from S&P Global Market Intelligence. The indicators for calculating short selling (short ratio) represent the percentage of borrowed shares relative to the total outstanding shares. Stock Name │ Number of Borrowed Shares (millions) │ Change in the Past 7 Days % │ Short Ratio % │ Price Change in the Past 7 Days % Vanke (02202.HK) │ 354.54 │ -0.28% │ 16.07% │ -6.53% GANFENGLITHIUM (01772.HK) │ 55.27 │ -0.06%
Yuanta Securities Upgrades CGN Mining Company to Buy From Hold; Price Target Is HK$2
Positive Outlook for CGN Mining Co.: Buy Rating Backed by Strategic Offtake Agreement and Diversification Plans
China Galaxy Securities: New energy installations exceed thermal power, and the decline in thermal power generation is expanding.
During the interest rate down cycle, hydropower and Nuclear Power, which have strong dividend attributes, possess long-term allocation value, while Nuclear Power also has high long-term growth potential.
CGN MINING (1164.HK): Substantial profit growth, annual dividends triumphantly return.
In FY24, Shareholder Net income fell by 31.2% year-on-year to 0.34 billion yuan (Hong Kong dollars, the same below), mainly due to (1) a significant increase in income tax by 360.9% year-on-year to 0.29 billion yuan.
Hong Kong stock movements | CGN MINING (01164) fell over 4% due to one-time factors affecting last year's Net income, while the momentum for a sharp rise in Uranium prices is lacking in the short term.
CGN MINING (01164) fell more than 4%, as of the time of writing, down 4.29% at HKD 1.56, with a transaction volume of 54.4669 million HKD.
[Brokerage Focus] CMB International maintains a Buy rating on CGN MINING (01164), attributing the contract/spot price differential as a factor that helps limit further declines in spot prices.
Goldfinch Financial News | Zhaoyin International Research Reports indicate that during the Analyst meeting after CGN MINING (01164) announced its performance, management revealed some standards for a new three-year exclusive sales agreement (2026-2028) with the parent company, including (1) fair market practices, (2) industry contract structures, and (3) expectations and requirements of independent Shareholders, with the agreement expected to be signed in the fourth quarter of 2025. The bank estimates that CGN MINING may maintain its current pricing mechanism (40% fixed price + 60% spot price), though the fixed price may increase. On the other hand, management sees Africa.