HK Stock Market Move | CGN MINING (01164) fell nearly 10% in early trading, as natural uranium sales declined and costs increased, leading to an 18% year-on-year increase in losses for the first half of the year.

CGN MINING (01164) fell nearly 10% in early trading, and as of the time of writing, it is down 6.86%, priced at HKD 2.85, with a transaction volume of HKD 140 million. On the news front, CGN MINING announced its interim results, reporting a revenue of HKD 2.025 billion for the first half of the year, an increase of approximately 19% year-on-year; however, the company recorded a loss of HKD 80.06 million, an increase of 18% compared to the same period last year. The basic loss per share stands at HKD 1.05, representing an 18% year-on-year increase. The board has decided not to recommend the distribution of an interim dividend. The announcement stated that the widening loss is primarily due to the decline in natural uranium sales volumes year-on-year for the company Xie and company Ao in the first half of 2026, alongside an increase in unit sales costs, which led to a decrease in profits for the two companies in the same period, resulting in a corresponding decrease in the group's share of investment income from an associate company and a joint venture compared to the same period last year.