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Uranium mining investment company holding stakes in Kazakhstan uranium mines, supplying nuclear fuel material, part of the China General Nuclear group.
Uranium mining investment company holding stakes in Kazakhstan uranium mines, supplying nuclear fuel material, part of the China General Nuclear group.
Owns minority stakes in Kazakh uranium ventures run with Kazatomprom and takes uranium output in proportion, selling it to its parent group's nuclear power plants, so volumes and prices depend on those partners. It also trades uranium.
In one line: China's state-linked answer to a Cameco-style uranium miner.
Moat: narrow (regulatory licence, scale). Strategic joint-venture stakes in Kazakhstan uranium mines secure supply for China's growing nuclear fleet.
Headquarters: Hong Kong · Employees: 28
Size CGN Mining (1164.HK) is a Hong Kong Materials company (Other Metals/Minerals) with a market value of $2.03B, the 416th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.09 on 6 Nov 2026.
Performance Over six months the shares fell 47.2%, against -28.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +33.4%); the operating margin is 1.9% (peer median 4.9%).
Valuation It trades at 20.8× forward earnings against a peer median of 26.4× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.9 points below its cost of capital (7.0% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$7.19B | HK$6.87B | HK$8.62B | HK$7.36B | HK$3.65B |
| Revenue growth | — | -20% | +17% | +102% | — |
| Gross profit | HK$197M | HK$68.9M | -HK$66.1M | HK$129M | HK$148M |
| EBITDA | HK$141M | HK$13.7M | -HK$136M | HK$59.8M | HK$91.3M |
| Net income | HK$440M | HK$453M | HK$342M | HK$497M | HK$515M |
| Free cash flow | HK$806M | -HK$313M | -HK$475M | HK$1.41B | HK$464M |
| Capital expenditure | HK$32,000 | HK$65,000 | HK$57,000 | HK$36,000 | HK$594,000 |
| Total debt | n/a | HK$3.05B | HK$2.92B | HK$1.76B | HK$2.40B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CGN Mining 1164.HK | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% |
| Cameco CCO.TO | $31.3B | -38% | 0% | 12% | 48.8× | 47.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1164.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -15.0% | 6th highest of 21 |
| 6-month return | -47.2% | -28.2% | 5th lowest of 21 |
| Distance from 52-week high | -63.1% | -48.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +14.8% | +33.4% | 7th lowest of 21 |
| Operating margin | 1.9% | 4.9% | 7th lowest of 21 |
| Forward P/E | 20.8× | 26.4× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 33.0% | 20.1% | 2nd most demanding of 6 |
| Growth delivered (Del g) | +19.1% | +24.2% | 2nd lowest of 5 |
| Hurdle (Req g minus delivered) | +13.9 pp | -1.0 pp | 2nd most demanding of 5 |
| ROIC minus cost of capital | -4.9 pp | -5.3 pp | 10th highest of 20 |
| Net debt / EBITDA | 8.6× | -0.4× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | 10% | 10.4× | 13.1% | +27.5% |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -29% | n/a | n/a | n/a |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 7% | 26.4× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |