CGN MINING(01164) 证券时报网·2025-03-24 13:57Core Viewpoint - China General Nuclear Power Corporation Mining (CGN Mining) reported a revenue of HKD 8.624 billion for 2024, reflecting a 17% year-on-year increase, while net profit attributable to shareholders decreased by 31% to HKD 342 million [1] Group 1: Financial Performance - The company achieved a revenue of HKD 8.624 billion in 2024, a 17% increase compared to the previous year [1] - Net profit attributable to shareholders was HKD 342 million, down 31% year-on-year [1] - Earnings per share were HKD 0.045, with a proposed final dividend of HKD 0.007 per ordinary share [1] Group 2: Operational Highlights - The company's subsidiaries, Xie Company and Ao Company, maintained stable operations, with a 4% increase in annual production despite challenges such as tight sulfur supply [2] - The average production cost for the mines was USD 24 per pound, consistent with the first half of the year, achieved through effective cost control measures [2] - Investment income totaled HKD 1.016 billion, a 71% increase year-on-year, driven by rising market prices and improved production efficiency [2] Group 3: Strategic Developments - The company is advancing its mining construction work as planned, expecting to complete the first phase by 2025 and reach a production capacity of 50 tons by 2027 [3] - The acquisition of Fission by Paladin, a leading uranium producer, is expected to enhance the development of the PLS project, one of the most promising uranium mining projects globally [3] - CGN Mining aims to strengthen its management, control cost risks, and optimize resource structure to maintain its leading position in the global uranium market [4] Group 4: Future Outlook - For 2025, CGN Mining plans to continue its dual-driven development model of "resource development + capital operation" to ensure steady progress in overseas uranium resource development [4] - The company aims to become an internationally leading uranium supplier by optimizing management processes and expanding business scale [4]