On the evening of March 25, CNNC International (02302.HK) announced its annual results. For the year ended December 31, 2023, the Group's profit situation continued to improve, with net profit of about HK$106 million, up 31.51% year on year, net profit of about 18.3%, up about 9.4% year on year; gross profit of HK$127 million, up 23.60% year on year, gross margin of about 21.9%, up 10.5% year on year. The basic profit per share was 21.7 HK cents.

In 2023, the Group generated revenue of about HK$568 million from uranium trade, which is equivalent to the sale of about 1.16 million pounds of natural uranium (of which about 500,000 pounds were sold through transactions to and from independent third parties, and about 660,000 pounds through uranium supply transactions. In 2023, the Group also facilitated 1.4 million pounds of natural uranium transactions for the Rossing Uranium industry through uranium procurement transactions, bringing the Group approximately HK$13.58 million in commission revenue.

The announcement stated that the Group is committed to and will continue to invest available resources to develop the uranium products trade business, and actively seek high-quality uranium resource projects, focusing on production projects to match the development of the parent group China Nuclear Industry Group Co., Ltd. The Group believes that through this strategic combination, the Group can take advantage of the parent group's advantages in the field of nuclear energy and exert synergy effects, thereby further consolidating the Group's position in the international uranium products trade industry.