CGN Power — MarketDX

Energy Transition & Power Demand3

CGN Power first-half net profit attributable to parent 6.11 billion yuan, revenue 31.48 billion yuan

CGN Power released its 2026 interim report. First-half operating revenue was 31.48 billion yuan, down 19.6 percent year on year. Net profit attributable to the parent was 6.11 billion yuan, up 2.6 percent year on year. Net profit attributable to the parent excluding non-recurring items was 5.58 billion yuan, down 0.6 percent year on year. Net operating cash flow was 13.332 billion yuan, up 17.8 percent year on year. Second-quarter operating revenue was 15.16 billion yuan, down 20.8 percent year on year. Net profit attributable to the parent was 3.36 billion yuan, up 15.0 percent year on year. As of the end of the second quarter, total assets were 591.216 billion yuan, up 16.9 percent from the end of the previous year. Net assets attributable to the parent were 123.73 billion yuan, up 0.4 percent from the end of the previous year. The company manages 30 nuclear power units in operation and 18 nuclear power units under construction, with installed capacity of 34.2 million kilowatts and 21.8 million kilowatts respectively, accounting for 44.47 percent of the country's total installed nuclear power capacity in operation and under construction.

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CGN Huizhou Unit 2 Ready for Commercial Operation

China General Nuclear Power Corporation announced that its controlled subsidiary CGN Huizhou Nuclear Power Company's Unit 2 has completed all commissioning work as of August 3, 2026, and is ready for commercial operation. With this unit entering commercial operation, the number of nuclear power units in operation managed by the company increases to 31, and the installed capacity of operating units rises from 34,248 megawatts to 35,450 megawatts.

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China General Nuclear’s Huizhou Units 5 and 6 Receive State Council Approval

China General Nuclear announced that its subsidiary Huizhou No. 3 Nuclear Power’s Huizhou Units 5 and 6 have received approval from the State Council. Both units will use the Hualong One 2.0 nuclear power technology, with a single-unit capacity of 1,217 megawatts. Construction preparation work is currently underway in an orderly manner, and full construction will begin after obtaining the Nuclear Power Plant Construction Permit.

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China General Nuclear sets on-grid tariff for new units at 0.4153 yuan per kilowatt-hour

China General Nuclear has set the on-grid tariff for four newly commissioned nuclear power units — Huizhou Unit 1, Cangnan Unit 1, and the upcoming Huizhou Unit 2 and Cangnan Unit 2 — at 0.4153 yuan per kilowatt-hour, tax inclusive, during periods when they are not participating in market trading. Huizhou Unit 1 and Cangnan Unit 1 entered commercial operation on April 19 and April 29, 2026, respectively, while Huizhou Unit 2 and Cangnan Unit 2 are still in the commissioning phase and are scheduled to come online in the second half of 2026 and in 2027, respectively. Cangnan Nuclear Power has received approval from the Zhejiang Provincial Development and Reform Commission, while Huizhou Nuclear Power has signed a power purchase and sale contract with Guangdong Power Grid, clarifying that tariffs will be determined by market rules once the units participate in electricity market trading. In the first quarter of 2026, China General Nuclear reported revenue of 16.319 billion yuan and net profit attributable to the parent company of 2.741 billion yuan.

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CGN Power's nuclear units generated about 117.766 billion kilowatt-hours in the first half, down 2.12% year-on-year

CGN Power announced that in the first half of 2026, the total power generation of nuclear power units operated and managed by the company and its subsidiaries was about 117.766 billion kilowatt-hours, a year-on-year decrease of 2.12%. Total on-grid electricity from commercial operations was about 109.597 billion kilowatt-hours, down 3.32% year-on-year. In the second quarter, three annual refueling outages and two ten-year overhauls were completed as planned. As of June 30, the group managed a total of 18 nuclear power units under construction, all from its subsidiaries. Among them, three are in the commissioning phase, two are in the equipment installation phase, seven are in the civil construction phase, and six are in the FCD preparation phase. In the first quarter, the company achieved revenue of 16.319 billion yuan and net profit attributable to the parent company of 2.741 billion yuan.

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