Summary by Moomoo AI
Zhongguang Nuclear Mining Co., Ltd. (the “Company”) has issued its 2023 fourth quarter operating report detailing the latest developments in its natural uranium production and trade. According to the report, the company's 49% shareholding in Kazakhstan, Xie and O2, respectively, achieved annual program completion rates of 100.2% and 95.6%, and production of natural uranium 680.2tu in the fourth quarter, and a quarterly planned completion rate of 86.2%. Due to limited sourcing of raw materials, the company was unable to complete its quarterly and annual production plans. In terms of natural uranium trading, as of 31 December 2023, the Group owns natural uranium 697tU and has signed new contracts to purchase 967tU and sell 967tU natural uranium in the fourth quarter. The report noted that the purchase price in the fourth quarter was higher than the selling price due to higher market prices. THE COMPANY EMPHASIZES THAT THE DATA IN THE REPORT ARE UNAUDITED OR AUDITED AND SHOULD NOT BE CONSIDERED AS PREDICTIONS OF FUTURE OPERATING OR FINANCIAL CONDITION. Investors should exercise caution when buying and selling the Company's shares.