CNNC International Limited (HK:2302)
:2302
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CNNC International Limited
(2302)
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Rating:68Neutral
Price Target:
HK$6.50
▲(26.21% Upside)
Action:ReiteratedDate:04/28/26
The score is primarily supported by strong financial positioning (notably near-zero leverage and solid recent earnings). This is tempered by weak technical momentum (below key moving averages with negative MACD) and only moderately supportive valuation (P/E ~12 with no dividend yield data).
Positive Factors
Very low leverage / strong balance sheet
Near-zero leverage and meaningful equity growth materially reduce refinancing and solvency risk for a commodity trader. This durable financial flexibility supports larger inventory positions, counterparty credit lines, and strategic deals through cycles, improving resilience over the next 2–6 months and beyond.
Negative Factors
Margin compression since 2023 peak
Sustained margin compression erodes the trading spread that funds fixed costs and cushions volatility. Lower gross and net margins make earnings more sensitive to procurement cost increases or logistics pressures, reducing long-term profitability resilience in a cyclical commodity market.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Near-zero leverage and meaningful equity growth materially reduce refinancing and solvency risk for a commodity trader. This durable financial flexibility supports larger inventory positions, counterparty credit lines, and strategic deals through cycles, improving resilience over the next 2–6 months and beyond.
Read all positive factors
CNNC International Limited (2302) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.87B
Dividend YieldN/A
Average Volume (3M)2.98M
Price to Earnings (P/E)12.1
Beta (1Y)0.65
Revenue Growth35.22%
EPS Growth-1.33%
CountryHK
Employees35
SectorEnergy
Sector Strength52
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.37
Shares Outstanding489,168,330
10 Day Avg. Volume1,385,110
30 Day Avg. Volume2,984,081
Financial Highlights & Ratios
PEG Ratio-4.84
Price to Book (P/B)2.68
Price to Sales (P/S)0.94
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CNNC International Limited Business Overview & Revenue Model
Company Description
CNNC International Limited, an investment holding company, explores for and trades in mineral properties in Mongolia and the People's Republic of China. It operates through Trading of Mineral Property, Exploration and Selling of Mineral Properties...
How the Company Makes Money
CNNC International Limited primarily makes money through commodity trading: it generates revenue by purchasing uranium (and other resources/commodities where applicable) from upstream producers or suppliers and reselling to customers under trading...
CNNC International Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.49B | 1.84B | 580.96M | 905.73M | 280.64M |
| Gross Profit | 271.59M | 234.16M | 127.05M | 102.79M | 20.61M |
| EBITDA | 224.29M | 218.11M | 137.43M | 71.78M | -6.08M |
| Net Income | 192.38M | 195.00M | 106.31M | 80.84M | 622.00K |
Balance Sheet | |||||
| Total Assets | 996.81M | 880.06M | 990.86M | 646.93M | 592.67M |
| Cash, Cash Equivalents and Short-Term Investments | 907.05M | 607.03M | 180.43M | 130.73M | 120.63M |
| Total Debt | 2.58M | 3.27M | 186.63M | 218.00M | 230.00M |
| Total Liabilities | 128.26M | 206.17M | 530.58M | 255.32M | 258.02M |
| Stockholders Equity | 868.55M | 673.88M | 460.29M | 391.61M | 334.65M |
Cash Flow | |||||
| Free Cash Flow | 299.27M | 139.32M | 73.72M | 7.25M | 30.67M |
| Operating Cash Flow | 299.37M | 139.95M | 73.37M | 7.47M | 30.95M |
| Investing Cash Flow | -94.00K | 300.76M | 26.00M | 25.23M | 7.08M |
| Financing Cash Flow | -1.60M | -13.12M | -48.33M | -17.71M | -61.88M |
CNNC International Limited Technical Analysis
Positive
5.15
Price Trends
6.81
Negative
6.19
Negative
5.37
Positive
Market Momentum
-0.21
Negative
47.01
Neutral
58.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2302, the sentiment is Positive. The current price of 5.15 is below the 20-day moving average (MA) of 6.06, below the 50-day MA of 6.81, and below the 200-day MA of 5.37, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 58.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2302.
CNNC International Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$3.29B | 5.07 | 18.01% | 8.89% | 10.01% | 11.08% | |
68 Neutral | HK$2.87B | 12.10 | 31.35% | ― | 35.22% | -1.33% | |
65 Neutral | HK$2.62B | 4.14 | 16.24% | 4.42% | 9.60% | 5.62% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | HK$3.61B | 13.38 | 5.16% | ― | 50.32% | -1.54% | |
60 Neutral | HK$1.38B | 6.04 | 15.86% | 6.74% | 41.79% | 62.77% | |
44 Neutral | HK$856.79M | -20.07 | -12.13% | ― | -85.44% | -172.45% |
* Energy Sector Average
HK:2302
CNNC International Limited
5.88
4.18
245.88%
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CNNC International Limited Corporate Events
CNNC International Sets 2026 AGM to Approve Accounts, Board Changes and Share Buyback Mandate
Apr 24, 2026
CNNC International Limited has called its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and the reports of directors and the auditor for the year ended 31 December...
CNNC International Delivers Higher Revenue and Stable Profit in 2025 Results
Mar 25, 2026
CNNC International Limited reported audited consolidated results for the year ended 31 December 2025, showing revenue of HK$2.49 billion, up from HK$1.84 billion a year earlier, and gross profit of HK$271.6 million versus HK$234.2 million. The com...
CNNC International Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 13, 2026
CNNC International Limited has scheduled a board meeting for 25 March 2026 to approve the audited final results for the financial year ended 31 December 2025 and to authorize their publication. The board will also consider whether to declare a fin...
CNNC International Wins Independent Shareholder Approval for 2026 Framework Agreement
Mar 10, 2026
Independent shareholders of CNNC International Limited have approved the company’s 2026 Framework Agreement and the associated proposed annual caps at an extraordinary general meeting held on 10 March 2026. Due to related-party rules, contro...
CNNC International Calls 2026 EGM to Approve New Uranium Framework Deal
Feb 13, 2026
CNNC International Limited has convened an extraordinary general meeting for 10 March 2026 in Hong Kong, where shareholders will vote on approving a new 2026 framework agreement with China National Uranium Co., Limited. The resolution also seeks a...
CNNC International flags stronger 2025 earnings on rising uranium trade
Feb 9, 2026
CNNC International Limited has issued a positive profit alert, indicating that unaudited 2025 revenue is expected to rise to at least HK$2.46 billion, up from HK$1.84 billion in 2024, with gross profit improving to no less than HK$260 million. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.