China Uranium Corporation submits registration for IPO on the Shenzhen Stock Exchange main board, specializing in the mining, smelting, sales, and trading of natural uranium.

On September 8th, China Uranium Corporation Limited (referred to as China Uranium) applied for a change in the IPO review status on the Shenzhen Stock Exchange Main Board to "submitted for registration." China Securities Co., Ltd. is its sponsor institution, and it plans to raise 4.11 billion yuan. According to the prospectus, China Uranium is a mining company focusing on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources. During the reporting period, China Uranium mainly engaged in the mining, smelting, sales, and trading of natural uranium resources, as well as the comprehensive utilization and sales of radioactive co-associated mineral resources such as monazite and uranium molybdenum. With resource advantages and production capabilities as the foundation, the company has built a complete procurement, production, and sales system around the comprehensive utilization of natural uranium and radioactive co-associated mineral resources such as monazite and uranium molybdenum, and has established stable cooperative relationships with major customers and suppliers. China Uranium's external procurement mainly includes two parts: one is various materials, services, and energy procurement required for the production of self-produced products, and the other is to ensure the supply of natural uranium for nuclear power. The company purchases natural uranium domestically and internationally, and also purchases related services such as agenting, retesting, and transportation. During the reporting period, China Uranium's main business includes the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, of which the natural uranium business accounts for 89.22%, 91.92%, and 93.35% of the main business revenue, respectively, as the main source of income. The company's natural uranium business is further divided into self-produced natural uranium product sales, purchased natural uranium product sales, and international natural uranium trade. China Uranium has successively overcome the difficulties of multi-layer ore simultaneous mining, extraction of "three highs" (high calcium, high iron-aluminum, high mineralization) uranium ores, and recovery of scattered ore bodies, forming a complex sandstone uranium ore leaching development technology system represented by the third-generation groundwater leaching uranium technology CO2+O2. The company actively engages in overseas uranium resource development business, focusing on major uranium-producing areas in Africa, Asia, and other regions. Among them, the Rossing Uranium Mine in Namibia, where the company is located, ranks sixth in global uranium mine production in 2022. In terms of finance, in the fiscal years 2022, 2023, and 2024, China Uranium achieved operating income of approximately 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan respectively. During the same period, the company achieved a net profit of approximately 1.520 billion yuan, 1.511 billion yuan, and 1.712 billion yuan respectively.