Hong Kong's CGN Mining H1 revenue jumps on higher uranium prices

CGN Mining

27/08/2026 15:53

Overview
Hong Kong uranium trader's H1 revenue rose 19% yr/yr
Company's net loss widened 18% to HK$80 mln for the period
Board did not recommend an interim dividend

Outlook
CGN Mining will advance international uranium trading, mine operations and product sales in H2 under its annual plan
 
Semizbay-U and Ortalyk aim to complete H2 production tasks and achieve annual production, profit and sales targets

Result Drivers
HIGHER TRADING VOLUME - Co attributed revenue growth to increased trading activity during the period
URANIUM PRICE OPPORTUNITIES – Revenue growth was driven by higher natural uranium spot prices, which increased trading opportunities and business scale
SEGMENT PERFORMANCE - Losses in natural uranium trading segment offset by profits in other investments segment

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$2.02 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the uranium peer group is "buy"
Wall Street's median 12-month price target for CGN Mining Co Ltd is HK$4.30, about 40.5% above its August 27 closing price of HK$3.06
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 27 three months ago

Reuters Recommended Reads
Aug 25 - Hong Kong's E-Commodities H1 net income soars amid coking coal price recovery
Aug 25 - CGN Power H1 revenue falls on lower on-grid power generation
Aug 26 - China's CGN New Energy H1 profit halves on weak wind projects

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)