Independent Power and Renewable Electricity Producers

CGN POWER

CITIC Securities Asset Management Reduces CGN Power Stake by 4.23M Shares on May 19, Raising Approx. HKD 14.44M

CGN Power Q1 2026 Revenue and Profit Dip as Fuel Replacement and Major Overhaul Weigh on Earnings

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 released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 18.5 B, actual EPS HKD 0.0589

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 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

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Ordinary dividend (cash)

Ex Date: 2026.05.22, Cash dividend 0.0976 HKD

01816

003816

CGN Power has canceled repurchased H shares, leading to a reduction in registered capital. Shareholders granted the board a mandate to repurchase up to 10% of A and/or H shares. Creditors can submit claims starting May 20, 2026, with specific deadlines for notice.

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CGN Power

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

CGN Power cancels repurchased H shares, cutting registered capital

CGN Power has announced a final dividend of RMB 0.086 per share for the year ending December 31, 2025. Hong Kong register holders will receive HKD 0.1 per share, based on an exchange rate of RMB 1 to HKD 1.14. Shares will trade ex-dividend on May 22, with payment scheduled for July 10.

CGN Power announces 2025 final dividend of RMB 0.086 a share

603333

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%

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Sunway

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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Daqo Energy

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

Today, CGN POWER's trading was relatively active, with a transaction volume of approximately HKD 250 million. A bullish signal has initially formed on the daily MACD level, indicating that the short-selling momentum accumulated during the previous adjustment process is gradually being released, and buying power is beginning to recover marginally. From the recent trend, CGN POWER's stock price has reached a balance between bullish and bearish forces after a period of consolidation, and the emergence of this bullish signal is typically interpreted by the market as a precursor to a phase of stabilization. The short-term trend may transition from weak consolidation to a mild rebound. On the news front, the surge in electricity demand from AI has become a core topic in the energy sector recently. According to market research institutions, the electricity demand from AI data centers is expected to triple within five years, putting severe pressure on the capacity of the U.S. power grid, with natural gas and nuclear power seen as the most reliable baseload power options. Against this backdrop, the long-term value logic of nuclear power operators is being re-evaluated. Meanwhile, the Hong Kong Legislative Council recently passed the "2026 Appropriation Bill" in its third reading, with the Hong Kong government planning to raise the borrowing limit for infrastructure bonds to HKD 90 billion, which is expected to benefit clean energy infrastructure. As one of the largest nuclear power operators in China, CGN POWER possesses sustained attention value under the dual logic of increasing electricity demand and energy transition. From a technical perspective, CGN POWER's current stock price is operating near the short-term moving average. Although the transaction volume of HKD 250 million is not considered significant, it has improved compared to the previous shrinking pattern. If it can continue to show mild volume and stabilize above the moving average support, the continuity of the bullish trend will be further strengthened

Technical Forecast

Pre-market trend | CGN POWER (1816.HK) shows bullish signals on 4/29, can the nuclear power sector continue to gain momentum?

HSBC Research has raised CGN POWER's target price from HKD4.1 to HKD4.2, maintaining a Buy rating, following weak 1Q26 results where net profit fell 9% YoY to RMB2.741 billion. The decline was attributed to increased outage days, curtailed power generation, and higher selling expenses. Management announced an acquisition of equity interests in the Cangnan Nuclear Power project for RMB8.3 billion. HSBC also increased its EPS forecasts by 4% to 7% due to this asset injection, citing the supportive nuclear power CfD policy as a factor for CGN POWER's defensive value.

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HSBC Holdings Plc

HSBC Research Raises CGN POWER  TP to HKD4.2 on Support from Nuclear Power CfD Policy

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

CGN Power Co., Ltd. has scheduled its 2025 annual general meeting for May 20, 2026, in Shenzhen. Shareholders will review the board report, financial results, and profit distribution plan, and vote on the 2026 investment plan, capital expenditure budget, and new framework agreements for nuclear fuel supply. The meeting will also address the appointment of auditors and general mandates for share issuance. The latest analyst rating for CGN Power (HK:1816) is a Sell with a price target of HK$3.20.

Tip Ranks

CGN Power Sets 2025 AGM to Approve Strategy, Budgets and New Framework Deals

CGN POWER(01816.HK)

CGN Power cancels repurchased H shares, cutting registered capital

CGN Power announces 2025 final dividend of RMB 0.086 a share

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

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

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

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

Pre-market trend | CGN POWER (1816.HK) shows bullish signals on 4/29, can the nuclear power sector continue to gain momentum?

HSBC Research Raises CGN POWER TP to HKD4.2 on Support from Nuclear Power CfD Policy

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

CGN Power Sets 2025 AGM to Approve Strategy, Budgets and New Framework Deals

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