SEHK:2302Trade Distributors
CNNC International (SEHK:2302) Stock Faces Profit Squeeze After Revenue Slump
CNNC International stock closed at HK$4.22 on 27 August, with a modest gain over the past month. However, the latest half year numbers tell a much cooler story. Revenue for H1 2026 came in at HK$142.1m and basic earnings per share were HK$0.0108, well below the recent trailing run rate implied by a P/E of 11x. The headline this time is margin and profit squeeze. The company remains profitable over the last twelve months, but this interim print forces investors to question how durable the...