CNNC International Logs 9% Rise in 2023 Profit
CNNC International (HKG:2302) recorded a 9.4% rise in attributable profit for the year ended Dec. 31, 2023, to HK$106.3 million from HK$80.8 million in 2022, a Friday filing on the Hong Kong bourse sa
中核國際:二零二三年年報
Enjoying the high demand for nuclear power, the profitability of CNNC International (02302.HK) continues to increase
With the introduction of the “triple nuclear power” declaration, global nuclear power development gradually returned to a high level of prosperity in '23. Demand for uranium as a fuel for nuclear power picked up, and prices rose along the way. The overall recovery of the industry is certainly more investor-friendly, but how to seize opportunities with long-term logic is not easy. Companies that can maintain strong performance in the current external environment are more worthy of attention. Among them, CNNC International (02302.HK) achieved both gross and net profit growth in 2023, and the profit situation continued to improve, which may be able to meet the expectations of the market. Gross profit and net profit both increased, and profitability maintained
CNNC International (02302.HK) Announces Annual Results: Profit Status Continues to Improve, and Both Gross Profit and Net Profit Grow
On the evening of March 25, CNNC International (02302.HK) announced its annual results. For the year ended December 31, 2023, the Group's profit situation continued to improve, with net profit of about HK$106 million, up 31.51% year on year, net profit of about 18.3%, up about 9.4% year on year; gross profit of HK$127 million, up 23.60% year on year, gross margin of about 21.9%, up 10.5% year on year. The basic profit per share was 21.7 HK cents. In 2023, the Group generated revenue of about HK$568 million from uranium trade, which is equivalent to sales of about 1.16 million pounds
CNNC International (02302) announced its 2023 annual results, with net profit of HK$106 million, up 31.5% year on year
According to the Zhitong Finance App, CNNC International (02302) announced results for the year ended December 31, 2023, with revenue of HK$581 million, down 35.9% year on year; net profit of HK$106 million, up 31.5% year on year; basic profit per share of HK$21.7 million. The Group's profit situation continued to improve, achieving a year-on-year increase in net profit of about 18.3% (2022:8.9%), an increase of about 9.4% over 2022, mainly due to gross profit of approximately HK$127 million (2022: approximately HK$103 million) from natural uranium trading; and
中核國際:截至二零二三年十二月三十一日止年度之全年業績公佈
CNNC International Expects Higher 2023 Profit; Shares Up 8%
CNNC International (HKG:2302) expects a HK$20 million increase in gross profit for 2023 from HK$102 million in the previous year, according to a Hong Kong bourse filing on Thursday. The company attrib
CNNC International (02302) is pleased to see a year-on-year increase in net profit attributable to shareholders of no less than HK$100 million
CNNC International (02302) announced that it expects the Group's revenue in 2023 compared to 2022...
CNNC INT'L: POSITIVE PROFIT ALERT
CNNC International (02302.HK) plans to hold a board meeting on March 25 to consider and approve the annual results
Gelonghui, March 13, 丨 CNNC International (02302.HK) announced that the board of directors meeting of the company will be held on March 25, 2024 (Monday) to review and approve (including) the audited results of the company and its subsidiaries for the year ended 31 December 2023 and the declaration of undue dividends (if any).
The battery material metal has fallen by more than 60% Goldman Sachs expects that the current price has not bottomed out
Financial Services Association, March 5 (Editor: Zhao Hao) Goldman Sachs Group, the top international investment bank, believes that it is still too early to assert that “the sharp decline in the price of battery metal raw materials is over,” and warns that huge supply and headwinds in the Western electric vehicle industry will keep their prices low for a longer period of time.
Ministry of Finance: The total profit of state-owned enterprises in 2023 was 4633.28 billion yuan, up 7.4% year-on-year
From January to December, the main efficiency indicators of state-owned and state-owned enterprises across the country continued to grow steadily, and the upward trend was further consolidated.
Changes in Hong Kong stocks 丨 China's special valuation sector strengthened, China Alcoa International soared by more than 40%, and the market capitalization assessment requirements of central enterprises were released
Gelonghui, January 25 | The special valuation sector of Hong Kong stocks strengthened collectively. Among them, China Alcoa International surged 41%, COSCO Group rose more than 15%, China Coal Energy, China Nuclear International, and China Civil Aviation Information rose more than 8%, China Cinda, China Aerospace Wanyuan, and CNPC shares rose more than 6%, and Nexteer, Times Electric, CRRC, China Huarong, China Aluminum, and China Shipbuilding Defense rose more than 5%. At a press conference held by the Information Office of the State Council a few days ago, Yuan Ye, deputy director of the State Council's State-owned Assets Administration Commission, stated that efforts will be made to improve the quality of listed companies controlled by central enterprises and strengthen investor returns. Xie Xiaobingjie, head of the State Council's State-owned Assets Administration Commission
CICC: Nuclear power approval returns to normalization, equipment manufacturers may be the first to benefit
The Zhitong Finance App learned that CICC released a research report saying that under the impetus of various parties such as policies, technology, and demand, nuclear power approval is gradually returning to normal. It is estimated that the number of nuclear power approvals will be around 8 units in 24-25, and equipment manufacturers may take the lead in benefiting. It is recommended to focus on equipment aspects such as main nuclear power equipment, castings, valves, and spent fuel treatment.
The accelerated rise in uranium prices hit a new high in 17 years, and the gap between supply and demand at the mine side widened | Industry Watch
① Against the backdrop of strong demand and weak supply, uranium prices accelerated to a new high in nearly 17 years. ② Currently, global nuclear power development is gradually returning to a high level of prosperity, but the supply of uranium as a fuel for nuclear power has not kept up with the pace of demand, and the gap between supply and demand will gradually widen in the future.
CITIC Securities: Technological Innovation+Capital Helps Accelerate the Development of Nuclear Energy
Recently, Guoneng's nuclear energy industry has been developing at an accelerated pace.
Hong Kong Stock Concept Tracking | The National Standing Committee approves two major nuclear power projects in Guangdong and Zhejiang! Nuclear power approval is progressing steadily, and the industrial chain is expected to be autonomous and controllable
Nuclear power approval has come to an end in 2023, and a total of 10 new units have been approved. The number of approvals this year was the same as in 2022, all the highest in more than ten years.
CNNC International Secures Extension for Loan Repayment
CNNC International (HKG:2302) reached an agreement to extend the due date for the repayment of the final loan installment, amounting to HK$182 million, to Dec. 31, 2025. The loan, which had a principa
The supply of tungsten ore is becoming tight, production capacity is concentrated, and the “replacement” process of hard alloy tools is expected to accelerate|Year-end inventory
Financial News Agency, December 23 (Reporter Liang Xiangcai) The price of tungsten has finally taken a small step. The increasingly tight mine end has broken through the 122,000 yuan/ton mark that had not been conquered for a long time.
CNNC International Group, a subsidiary of China Nuclear International (02302.HK), was granted a loan of no more than 30 million US dollars
Glonghui November 23丨China Nuclear International (02302.HK) announced that on November 23, 2023, China Nuclear International Group Corporation (hereinafter referred to as the “borrower”), a direct wholly-owned subsidiary of the company, signed a general bank credit agreement with a banking institution (hereinafter referred to as the “bank”) as a borrower. Among other things, in order to purchase natural uranium products acceptable to banks or other bankable products, the amount does not exceed 30 million US dollars. The loan is an uncommitted loan, and the bank can cancel the available commitments at any time. The use of a loan is subject to certain prerequisites, and banks can cancel available commitments at any time.
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