CGN Uranium Reports H1 2026 Natural Uranium Sales via Dual-End Locked Trading; Gross Margin Faces Headwind

According to an announcement from China General Nuclear Power Corporation's uranium business unit, during the first half of 2026, CGN International Uranium Products Sales Company adopted a dual-end locked trading approach for natural uranium sales, keeping operational profit stable. However, due to weighted average cost accounting methods, inventory valuations exceeded current contract selling prices, resulting in expected gross margin pressure for the period.

The company delayed fulfillment of certain annual natural uranium package sales contracts to the second half of 2026 to optimize resource allocation and meet customer delivery demands. Management expects this adjustment to have no material adverse impact on full-year business plans, with all business segments maintaining stable operations.