HK Stock Market Move | CNNC INT'L(02302) rises by over 12% again, with a nearly 70% increase in year-to-date. Significant increase in uranium trading volume driving performance.

CNNC INT'L (02302) rose more than 12% again, with a cumulative increase of nearly 70% so far this year. As of the time of writing, it rose by 11.99% to HK$8.03, with a turnover of HK$36.42 million. In terms of news, CNNC INT'L recently announced that it expects its revenue for the fiscal year 2025 to be no less than HK$2.46 billion, with a gross profit of no less than HK$260 million, showing a steady increase compared to the same period in 2024. The core driving force behind the company's revenue growth is clearly coming from the increase in uranium trading volume. In terms of profits, the announcement pointed out that, excluding factors such as the sale of equity in subsidiary companies and the performance of joint venture companies in 2024, the company's net profit mainly attributable to uranium trading business in 2024 was approximately HK$140 million. In 2025, the estimated net profit for this business segment will be no less than HK$190 million, which means that the net profit of its core business is expected to increase by not less than HK$50 million compared to the previous year, a year-on-year increase of over 35%.