<p>中金公司发布报告称，中国广核（01816.HK）+0.040 (+1.163%) 空头头寸为 3855 万美元；比例为 35.578%。其第一季度业绩符合券商预期。收入为 163 亿元人民币，同比下降 13.3%；净利润为 27.4 亿元人民币，同比下降 9.3%，符合券商预测。</p>
<p>报告指出，南方电价开始出现反弹趋势。广东省 5 月份的综合电价为每兆瓦时 483 元人民币，同比上涨 28%，环比上涨 30%。3 月底，南方地区的现货电价也有所上涨。券商认为，南方地区早于往年的夏季天气提升了需求，加上地缘政治冲突导致的煤电燃料成本上升，可能对市场电价和核电在夏季高峰期的收益产生积极影响。</p>
<p>中金公司维持对中国广核今年和明年的盈利预测，保持跑赢大市评级。考虑到机制电价政策增强了核电的盈利可见性，券商将中国广核（003816.SZ）+0.040 (+0.881%) A 股和中国广核（01816.HK）+0.040 (+1.163%) H 股的目标价分别上调 5% 至 5.32 元人民币和 4.19 港元。（ha/j）（港股报价延迟至少 15 分钟。空头数据截至 2026 年 4 月 30 日 12:25。）（A 股报价延迟至少 15 分钟。）</p>
<p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>

中国广核

中广核电力

广发中证全指电力ETF

博时中证全指电力公用事业ETF

<p>中金公司在中国广核发布第一季度业绩后，将其目标价上调至 4.19 港元。该季度业绩符合预期，收入为 163 亿元人民币，净利润为 27.4 亿元人民币。报告指出，南方电价出现反弹，5 月份的综合电价同比上涨 28%。中金公司维持其盈利预测和 “跑赢大市” 评级，认为由于早夏天气和煤炭成本上升等因素，可能对今年夏季核电盈利产生积极影响</p>

<p>CICC issued a report stating that CGN POWER (01816.HK) +0.040 (+1.163%)  Short selling $38.55M; Ratio 35.578%  's first-quarter results were in line with the brokers expectations. Revenue amounted to RMB16.3 billion, down 13.3% YoY; net profit was RMB2.74 billion, down 9.3% YoY, meeting the brokers forecasts.</p>
<div class="lb-trans"><p>中金公司发布报告称，中国广核（01816.HK）+0.040 (+1.163%) 空头头寸为 3855 万美元；比例为 35.578%。其第一季度业绩符合券商预期。收入为 163 亿元人民币，同比下降 13.3%；净利润为 27.4 亿元人民币，同比下降 9.3%，符合券商预测。</p>
</div><p>The report noted that a rebound trend in electricity tariffs in South China has begun to emerge. Guangdongs composite tariff for May was RMB483 per megawatt-hour, up 28% YoY and 30% MoM. At the end of March, spot electricity prices in the southern region also rose. The broker believes that earlier-than-usual summer weather in South China boosting demand, coupled with rising coal-fired power fuel costs amid geopolitical conflicts, may have a positive impact on market electricity prices and earnings for nuclear power during the summer peak season.</p>
<div class="lb-trans"><p>报告指出，南方电价开始出现反弹趋势。广东省 5 月份的综合电价为每兆瓦时 483 元人民币，同比上涨 28%，环比上涨 30%。3 月底，南方地区的现货电价也有所上涨。券商认为，南方地区早于往年的夏季天气提升了需求，加上地缘政治冲突导致的煤电燃料成本上升，可能对市场电价和核电在夏季高峰期的收益产生积极影响。</p>
</div><p>CICC maintained its earnings forecasts for CGN POWER for this year and next. It kept an Outperform rating. Considering that mechanism tariff policies enhance earnings visibility for nuclear power, the broker raised its TP for CGN (003816.SZ) +0.040 (+0.881%)  A-shares and CGN POWER (01816.HK) +0.040 (+1.163%)  Short selling $38.55M; Ratio 35.578%  H-shares by 5% to RMB5.32 and HKD4.19, respectively. (ha/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 12:25.) (A Shares quote is delayed for at least 15 mins.)</p>
<div class="lb-trans"><p>中金公司维持对中国广核今年和明年的盈利预测，保持跑赢大市评级。考虑到机制电价政策增强了核电的盈利可见性，券商将中国广核（003816.SZ）+0.040 (+0.881%) A 股和中国广核（01816.HK）+0.040 (+1.163%) H 股的目标价分别上调 5% 至 5.32 元人民币和 4.19 港元。（ha/j）（港股报价延迟至少 15 分钟。空头数据截至 2026 年 4 月 30 日 12:25。）（A 股报价延迟至少 15 分钟。）</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>
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中金公司将中广核电力的目标价上调至 4.19 港元；第一季度业绩符合预期