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CNNC International Limited (2302) AI Stock Analysis

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HK:2302

CNNC International Limited

(HKEX:2302)

Select Model
Rating:69Neutral
Price Target:HKD 2.50â–²(3.09% Upside)
Action:downgraded
Date:10/17/26

The score is primarily supported by strong financial performance, including low leverage, solid profitability, and improving cash generation. The low P/E ratio is also favorable, but the stock’s position below all moving averages and negative MACD materially weaken the outlook despite oversold momentum readings.

Positive Factors
De-risked balance sheetNear-zero leverage materially strengthens financial resilience and preserves flexibility to fund uranium-related investments, absorb operating volatility, or pursue opportunities without relying heavily on external financing. Growing equity and strong recent returns on equity further support disciplined capital use.
Negative Factors
Recent revenue and EPS contractionRecent contraction in revenue and earnings per share signals weaker top-line momentum and reduces confidence that the latest profit level will compound smoothly. Continued declines could constrain investment capacity and make results more dependent on uranium trading conditions or project-specific gains.

CNNC International Limited (2302) vs. iShares MSCI Hong Kong ETF (EWH)

-75%-50%-25%0%25%50%75%HK:2302-56.14%EWH+10.21%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 1.16B
Dividend Yield
―
Average Volume (3M)
370.88K
Price to Earnings (P/E)
6.4
Beta (1Y)
0.72
Revenue Growth
-15.95%
EPS Growth
-12.10%
Country
Hong Kong
Employees
39
Sector
Energy
Sector Strength
65
Industry
Uranium

CNNC International Limited Business Overview & Revenue Model

Company Description

Operating as an investment holding company, CNNC International Limited primarily engages in the exploration and commercialization of mineral resources across Mongolia and the People's Republic of China. Its business activities are structured across t...

How the Company Makes Money

CNNC International Limited makes money mainly through uranium-related activities. Its revenue model is primarily driven by (1) uranium trading: buying and selling natural uranium (and/or uranium-related products) and earning revenue from sales, with...

CNNC International Limited Financial Statement Overview

Summary

Strong financial profile supported by substantial revenue and profit growth, near-zero debt, rising equity, healthy returns on equity, and improving operating cash flow. Earnings and cash flow remain volatile, and margins have compressed.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

82Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.04B2.49B1.84B580.96M905.73M280.64M
Gross Profit260.16M271.59M234.16M127.05M102.79M20.61M
EBITDA210.64M232.25M218.11M137.43M71.78M-6.08M
Net Income187.30M192.38M195.00M106.31M80.84M622.00K
Balance Sheet
Total Assets981.22M996.81M880.06M990.86M646.93M592.67M
Cash, Cash Equivalents and Short-Term Investments732.59M907.05M607.03M180.43M130.73M120.63M
Total Debt1.29M2.58M3.27M186.63M218.00M230.00M
Total Liabilities106.74M128.26M206.17M530.58M255.32M258.02M
Stockholders Equity874.49M868.55M673.88M460.29M391.61M334.65M
Cash Flow
Free Cash Flow-54.64M299.27M139.32M73.72M7.25M30.67M
Operating Cash Flow-54.27M299.37M139.95M73.37M7.47M30.95M
Investing Cash Flow-375.00K-94.00K300.76M26.00M25.23M7.08M
Financing Cash Flow-1.81M-1.60M-13.12M-48.33M-17.71M-61.88M

CNNC International Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price2.42

Price Trends

50DMA3.27Negative
100DMA3.71Negative
200DMA4.93Negative

Market Momentum

MACD-0.25Positive
RSI27.93Positive
STOCH28.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2302, the sentiment is Negative. The current price of 2.42 is below the 20-day moving average (MA) of 2.78, below the 50-day MA of 3.27, and below the 200-day MA of 4.93, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 27.93 is Positive, neither overbought nor oversold. The STOCH value of 28.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2302.

CNNC International Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:2302 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0856HK:085681OutperformHKD 10.83B6.6116.01%5.26%10.80%37.32%
HK:1362HK:136274OutperformHKD 231.00M22.125.93%1.21%-32.77%337.65%
HK:0595HK:059569NeutralHKD 1.02B4.7412.36%1.63%12.17%331.64%
HK:2302HK:230269NeutralHKD 1.16B6.3721.49%―-15.95%-12.10%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
HK:0529HK:052957NeutralHKD 451.70M9.591.66%1.23%6.08%-86.65%
HK:0400HK:040054NeutralHKD 5.20B12.668.41%―81.43%65.90%

* Energy Sector Average

Performance Comparison

0%100%200%300%HK:2302HK:0529HK:0856HK:0400HK:0595HK:1362Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:2302 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2302CNNC International Limited2.42-2.98-55.09%
HK:0529SiS International Holdings 1.69-0.22-11.66%
HK:0856VSTECS Holdings Limited7.93-0.62-7.29%
HK:0400Cogobuy Group3.290.5017.92%
HK:0595AV Concept Holdings Limited1.230.84215.72%
HK:1362SiS Mobile Holdings Limited0.820.3468.71%

CNNC International Limited Corporate Events

CNNC International Remains Profitable Despite Sharp Drop in Interim Revenue

Aug 26, 2026

CNNC International Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of HK$142.1 million, down sharply from HK$592.1 million a year earlier, with gross profit falling to HK$8.2 million from HK$19.7 mill...

CNNC International Clarifies Interim Pay Terms for Newly Designated Executive Director

Aug 24, 2026

CNNC International Limited has issued a supplemental announcement detailing the interim remuneration arrangements for Mr. Wu Ge, who was recently re-designated from a non-executive director to an executive director effective 6 August 2026. The compan...

CNNC International Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend

Aug 13, 2026

CNNC International Limited has announced that its board of directors will meet on 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the possible declaration of an interim divi...

CNNC International Promotes Wu Ge to Executive Director Role

Aug 6, 2026

CNNC International Limited has re-designated non-executive director Wu Ge as an executive director, effective 6 August 2026, and he has stepped down from the company’s audit committee. Wu, aged 39, serves as chief financial officer of direct co...

CNNC International Clarifies Board and Committee Structure

Aug 6, 2026

CNNC International Limited has announced the current composition of its board of directors, naming Li Feng as non-executive chairman and Zhang Yi as executive director and chief executive officer, alongside other executive, non-executive and independ...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 18, 2026