Independent Power and Renewable Electricity Producers

CGN Power

JPMorgan Updates Mainland Renewable Energy Stock Model: Prefers Goldwind & Sungrow, Downgrades Longi Green Energy

CGN Commences Construction of Fourth Hualong One Unit at Guangdong Taipingling Project, Shares Rise

China General Nuclear Power HuiZhou Second Nuclear Power Starts Construction of Unit 4

Completion of First Fuel Loading for Unit 2 of Taipingling Nuclear Power Plant

CICC Publishes Guangdong Nuclear Power's Earnings Report and Maintains 'Outperform Industry' Rating

China National Nuclear Corp's Zhejiang San'ao Nuclear Power Project Unit 1 Put Into Commercial Operation

China National Nuclear Corporation's Cangnan Nuclear Power Unit 1 Ready for Commercial Operation

HSBC Raises China Guangdong Nuclear Power Target Price to HKD 4.2

CGN Power Reports Revenue and Net Profit Decline in Q1 2026

CGN Power's Taishan Nuclear Power Plant Unit 2 Undergoing Annual Refueling Outage

CGN Power Acquires Equity in Cangnan Nuclear and Cangnan Second Nuclear

Construction of Unit 5 Nuclear Island of China Guangdong Nuclear Power Ningde Project Begins

CGN Power released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 16.32 B, actual EPS CNY 0.052

CGN Power to Release FY2026 Q1 Earnings on April 28 After-Market (BJT)

Qinghai State-owned Investment Co., Ltd. Signs Strategic Cooperation Agreement with CGN Qinghai New Energy

China General Nuclear Starts Its First Hualong One Nuclear Reactor

CGN Power to Issue Two Tranches of Medium-Term Notes

CGN Power's 2025 Annual General Meeting to Review Multiple Resolutions

CGN Huizhou Nuclear Power Unit 1 Completed Debugging and Ready for Commercial Operation

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Sunway (603333) won the bid for a procurement project from CGN Power Huizhou Nuclear Power Co., Ltd., amounting to 14.98 million yuan. The operating revenue for 2024 is expected to be 1.735 billion yuan, with a growth rate of -21.39%; the net profit is projected to be 16 million yuan, with a growth rate of -20.06%. In the first half of 2025, the operating revenue is expected to be 549 million yuan, with a growth rate of -24.79%; the net profit is projected to be -32 million yuan, with a growth rate of -1131.88%

同壁财经

Sunway

CGN POWER

Sunway (603333): Won the bid for the procurement project of CGN Power Huizhou Nuclear Power Co., Ltd., with a bid amount of 14.98 million yuan

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JPM updated its model post-1Q results for mainland renewable energy stocks, favoring GOLDWIND and ORIENT WIRES & CABLES in wind power, while SUNGROW POWER leads in energy storage. The bank maintains Overweight ratings on GCL TECH and CGN POWER, citing strong demand and tariff improvements. It assigns Underweight ratings to LONGI GREEN ENERGY and others due to industry downcycles. Differences in tariff policies are expected to persist, with YANGTZE POWER as a top defensive yield pick.

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JPM: Preferred Renewable Energy H Shrs GOLDWIND , GCL TECH  and CGN POWER

China General Nuclear Power (CGN) has commenced construction on the fourth Hualong One nuclear power unit at the Taipingling project in Guangdong. The project, with an investment of over CNY120 billion (USD17.7 billion), will feature six units, each with a capacity of 1,200 megawatts. Once operational, it will generate over 55 billion kilowatt-hours annually, significantly reducing coal consumption and carbon emissions. CGN's shares rose 1.1% to CNY4.81 amid ongoing investments in nuclear power in the region.

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China's CGN Starts Building Fourth Hualong One Atomic Power Unit of Taipingling Project

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CICC has raised the target price for CGN POWERto HKD4.19 following the company's first-quarter results, which met expectations with a revenue of RMB16.3 billion and a net profit of RMB2.74 billion. The report highlights a rebound in electricity tariffs in South China, with May's composite tariff rising 28% YoY. CICC maintains its earnings forecasts and an Outperform rating, citing factors like increased demand due to early summer weather and rising coal costs as potential positives for nuclear power earnings this summer.

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CICC

CICC Raises CGN POWER  TP to HKD4.19; 1Q Results In Line

China General Nuclear Power (CGN) has launched its first Hualong One nuclear unit in the Guangdong-Hong Kong-Macao Greater Bay Area, capable of generating over nine billion kilowatt-hours annually. The unit, part of the Taipingling project, has passed all performance tests and is now operational. CGN plans to build six units at this site, which will significantly reduce coal consumption and carbon emissions. Currently, CGN operates 29 nuclear units and has 19 under construction, contributing to China's growing nuclear capacity, expected to reach 70 operational units by year-end. CGN shares rose 1.6% following the announcement.

CGN's First Hualong One Nuclear Unit in China's Greater Bay Area Goes Live

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The 'China Nuclear Energy Development Report 2026' indicates that China now possesses the capability to simultaneously construct 50 nuclear power units, making it a global leader. Investment in nuclear power engineering construction is projected to reach 161 billion yuan in 2025, an increase of 14.1 billion yuan compared to the previous year. With advancing technological autonomy and localization, China's nuclear power projects are transitioning from single-unit construction to multi-unit simultaneous construction, establishing comprehensive lifecycle construction and operational capabilities

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Global Leader! China Capable of Simultaneously Constructing 50 Nuclear Power Units

China is set to become the world's largest nuclear energy producer, with 112 reactor units in operation, under construction, or approved. By year-end, 70 reactors will be generating electricity. The National Nuclear Safety Administration reports a combined capacity of 125 gigawatts, with over half of the global total under construction. The government has approved 41 new reactors since 2022, investing over CNY800 billion. China has developed a complete nuclear energy supply chain, achieving over 90% localization in critical components. Safety remains a priority, with CGN reporting zero unplanned shutdowns in its reactors.

China Is on Track to Being World’s Top Nuclear Energy Producer

According to domestic media reports, the National Nuclear Safety Administration disclosed at an event that authorities have issued operating licenses for 62 nuclear power units and construction licenses for 39 units, which means that the current scale of nuclear power under construction in China accounts for more than half of the global total, and the total number of operating units is expected to reach 70 by the end of this year

AASTOCKS

By the end of this year, China is expected to have 70 operational nuclear power units, with units under construction accounting for more than half of the global total

GRID

Huatai Securities has maintained a Buy rating for CGN Power Co (CGNWF) with a price target of HK$4.37, while the shares closed at HK$3.67. Additionally, TipRanks also issued a Buy rating for CGN Power Co, but xAI reiterated a Hold rating on the same day.

Tip Ranks

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Huatai Securities Sticks to Their Buy Rating for CGN Power Co (CGNWF)

CGN Power(003816.SZ)