CNNC Int'l (02302.HK) issued a profit warning, expecting a loss of not less than 8 million yuan for the six months ending June, compared to a net profit of 8.33 million yuan in the same period last year. This is mainly due to an increase in employee costs, professional fees, financing costs, and income tax expenses. During the period, revenue is expected to decrease by not less than 90% from the 76.14 million yuan in 2023, mainly due to a dramatic reduction in trade volume of uranium business. However, the gross profit is expected to increase by not less than 8 times, mainly benefiting from a slight rebound in spot uranium prices. The group is expected to recover and regain uranium trading business in the second half of this year.