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Hong Kong stock concept tracking | The State Council approved 10 new Nuclear Power units, driving investment over 200 billion. Many Institutions are Bullish on the prospects of Nuclear Power stocks this year (including concept stocks).
Nuclear Power projects have always been an important driving force for expanding effective investment. With an estimated investment of about 20 billion yuan for each domestically produced one million kilowatt third-generation Nuclear Power unit, the total investment for this newly approved group exceeds 200 billion yuan.
CNNC INT'L: Annual Report 2024
CNNC INT'L (02302.HK) 2024 Earnings Reports: The scale of Uranium trade continues to expand, with improvements in ROE and Cash / Money Market.
Since 2024, the Global natural Uranium market has faced considerable challenges. The prices of natural Uranium spot are noticeably volatile due to factors such as the buyers' wait-and-see attitude and the release of Uranium mine supply, forming a significant discount compared to long-term contracts. Furthermore, the rational utilization and security of Uranium resources have become a key component of Energy safety, relating to the Global Strategy for nuclear energy development, which has become a focal point of Global attention and brought some uncertainties to industrial development. Despite this, CNNC INT'L (02302.HK) has steadily advanced in its Uranium trading Business, still delivering a high-quality Earnings Report for the entire year of 2024, unafraid of the pressures brought by external environments.
In the "Results", CNNC INT'L (02302.HK) had a net profit of 0.195 billion yuan for the year, increasing by 83.4%, and no dividend was declared.
CNNC INT'L (02302.HK) announced its 2024 annual results, with revenue of 1.841 billion yuan, an increase of 217% year-on-year. It recorded a net profit of 0.195 billion yuan, an increase of 83.4%, with earnings per share of 39.9 cents. No final dividend will be distributed.
CNNC INT'L: FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2024
The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.
The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."
