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CGN Mining Co ( (HK:1164) ) has issued an update.
CGN Mining Company Limited has warned investors that its profit before taxation from continuing operations for 2025 is expected to fall by about HK$200 million to HK$250 million versus 2024, mainly due to lower natural uranium prices reducing contributions from a joint venture and an associate. Despite this operating setback, the group anticipates overall profit for 2025 will still increase by roughly HK$90 million to HK$140 million, supported by wider trading spreads on natural uranium, the absence of non-recurring operating losses seen previously, and lower income tax expenses, though investors are urged to exercise caution until the audited annual results are released by the end of March 2026.
The most recent analyst rating on (HK:1164) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on CGN Mining Co stock, see the HK:1164 Stock Forecast page.
More about CGN Mining Co
CGN Mining Company Limited is a Hong Kong-listed company engaged in the uranium resources and nuclear fuel trading business. The group focuses on the procurement, trading and investment related to natural uranium, positioning itself as a key supplier within the nuclear energy fuel supply chain and is exposed to fluctuations in global uranium prices.
Average Trading Volume: 65,970,939
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$28.81B
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