中核国际二零二五年中期报告

Stock Code: 2302 INTERIM REPORT2025 CONTENTS Corporate Information2 Management Discussion & Analysis3 Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income16 Condensed Consolidated Statement of Financial Position17 Condensed Consolidated Statement of Changes in Equity19 Condensed Consolidated Statement of Cash Flows20 Notes to the Condensed Consolidated Interim FinancialStatements21 Other Information41 Corporate Information CNNC INTERNATIONAL LIMITED (the “Company” together with its subsidiaries is referred to as the“Group”)(Incorporated in the Cayman Islands with limited liability) BOARD OF DIRECTORS Chairman and Non-Executive DirectorWang Cheng Chief Executive Officer and Executive DirectorZhang Yi Non-Executive DirectorsSun RuofanWu Ge Independent Non-Executive DirectorsCui LiguoChan Yee HoiLiu Yajie AUDIT COMMITTEE Chan Yee Hoi(Chairman)Wu GeCui LiguoLiu Yajie REMUNERATION COMMITTEE Cui Liguo(Chairman)Zhang YiWu GeChan Yee HoiLiu Yajie NOMINATION COMMITTEE Wang Cheng(Chairman)Zhang YiCui LiguoChan Yee HoiLiu Yajie COMPANY SECRETARYXu Ling 2302 STOCK CODE2302 Management Discussion & Analysis RESULTS 9152%592,110,000207%19,671,0006,400,00015,596,000116,00013,379,00015,894,00017,659,0009,339,0004,258,00012,375,0006,116,00010,359,0007,731,000 For the six months ended 30th June, 2025 (the “Period”), the Grouprecorded a significant increase in revenue of approximately 9152%to approximately HK$592,110,000 and an increase in gross profit ofapproximately 207% to approximately HK$19,671,000, as comparedtothe revenue and gross profit of approximately HK$6,400,000eachin the 2024 Period(as revenue from commission income isrecognized on a net basis). On the other hand, as a result of thedisposal of its interest in a subsidiary in the second half of 2024( p l e a s er e f e r t o t h e C o m p a n y ’ s a n n o u n c e m e n t s d a t e d16th October, 2024 and 25th November, 2024, and circular dated8th November, 2024 for further details), the Group ceased to recordany share of results from associates for the Period (2024 Period:approximately HK$15,596,000). In addition, the Group recorded asubstantial decrease in finance costs to approximately HK$116,000(2024 Period: approximately HK$13,379,000) as the Group did notutilizeany banking facilities during the Period;administrativeexpensessaw a slight decrease to approximately HK$15,894,000(2024Period:approximately HK$17,659,000),primarily due to adecrease in professional fees; and an increase in other income andgains to approximately HK$9,339,000 (2024 Period: approximatelyHK$4,258,000), primarily attributable to the bank interest incomeearned during the Period. As a result of the foregoing, the Grouprecordeda turnaround to profit before tax of approximatelyHK$12,375,000(2024 Period:a loss before tax of approximatelyHK$6,116,000),and a turnaround to net profit of approximatelyHK$10,359,000(2024 Period:a net loss of approximatelyHK$7,731,000) for the Period. 2,200,000592,110,0006,400,0001,000,000530750,00068.62%450,0004,549,0006,400,0005,710,000 For the Period, the Group generated revenue from the trading ofuraniumof approximately HK$592,110,000(2024 Period:approximatelyHK$6,400,000),corresponding to sales ofapproximately2.20 million pounds of natural uranium,of whichapproximately 1.00 million pounds were sold under trades to andfrom independent third parties, and approximately 530 pounds andapproximately0.75 million pounds were sold to China NationalNuclearCorporation(()(“CNNC”,theultimateparent company of the Group)and its subsidiaries(butexcluding the Group) (the “Parent Group”)) through the UraniumSupplyTransaction and the Uranium Agency Transaction,respectively.The terms“Uranium Supply Transaction”and the“UraniumAgency Transaction”each has its respective meaningascribed thereto in the Company’s circular dated 21st May, 2024(the “May 2024 Circular”, which constituted continuing connectedtransactionsfor the Company).For the Period,the Group alsofacilitated trades of approximately 0.45 million pounds of naturaluraniumfor Rössing Uranium Mine(a uranium mine in Namibiawhich was indirectly owned by China National Uranium Corporation,Limited (, formerly known as, an indirect holding company of the Company, “CNUC”) andits subsidiaries other than the Group, the (“CNUC Group”)) as to68.62%and is operated by Rössing Uranium Limited,(“RössingUraniumMine”)through the Uranium Purchase Transaction.Theterm “Uranium Purchase Transaction” has the meaning ascribed toitin the May 2024 Circular,which constituted a continuingconnectedtransaction for the Company.The Uranium PurchaseTransaction and the Uranium Agency Transaction have brought incommissionincome of approximately HK$4,549,000(2024 Period:approximatelyHK$6,400,000)and approximately HK$5,710,000(2024 Period: nil) to the Group for the Period, respectively. 581,565,000 The significant increase in revenue of the Group for the Period andtheturnaround from a net loss to a n