华泰联合证券有限责任公司 关于中国广核电力股份有限公司 使用募集资金置换预先已投入募投项目及已支付发行费用 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意中国广 核电力股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 〔2025〕479 号），公司向不特定对象发行 4,900.0000 万张可转换公司债券，每 张面值为人民币 100 元，募集资金总额为人民币 490,000.00 万元，扣除各项发行 费用 215.81 万元（不含增值税），实际募集资金净额为 489,784.19 万元。募集资 金已于 2025 年 7 月 15 日划至公司指定账户。毕马威华振会计师事务所（特殊普 通合伙）对公司上述募集资金到位情况进行了验证，并出具了《中国广核电力股 份有限公司向不特定对象发行可转换公司债券募集资金验证报告》（毕马威华振 验字第 2500508 号）。 公司已将上述募集资金存放于募集资金专项账户，并与保荐人、专户银行签 订了《募集资金三方监管协议》。 二、募集资金投资项目情况 根据《中国广核电力股份有限公司向不特定对象发行 A 股可转换公司债券 并在主板上 ...

公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 中国广核电力股份有限公司（以下简称"公司"、"中国广核"）于 2025 年 7 月 21 日召开的第四届董事会第十四次会议审议通过了《关于批准公司使用可转 换公司债券募集资金置换预先已投入募投项目及已支付发行费用的自筹资金的 议案》，现将具体情况公告如下： 一、募集资金基本情况 证券代码：003816 证券简称：中国广核 公告编号：2025-054 中国广核电力股份有限公司 关于使用募集资金置换预先已投入募投项目 及已支付发行费用的自筹资金的公告 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意中国广 核电力股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 〔2025〕479 号），公司向不特定对象发行 4,900.0000 万张可转换公司债券，每 张面值为人民币 100 元，募集资金总额为人民币 490,000.00 万元，扣除各项发行 费用 215.81 万元（不含增值税），实际募集资金净额为 489,784.19 万元。募集资 金已于 2025 年 7 月 15 日划至公司指定 ...

一、监事会会议召开情况 证券代码：003816 证券简称：中国广核 公告编号：2025-053 中国广核电力股份有限公司 第四届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 1. 中国广核电力股份有限公司（以下简称"公司"）第四届监事会第十一次 会议（以下简称"本次会议"）通知和材料于 2025 年 7 月 14 日以书面形式提交 全体监事。 2. 本次会议于 2025 年 7 月 21 日以书面方式召开。 3. 本次会议应出席的监事 5 人，实际出席会议的监事 5 人。 4. 本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《中 国广核电力股份有限公司章程》（以下简称"《公司章程》"）的规定。 二、监事会会议审议情况 经出席会议的监事审议与表决，本次会议审议通过《关于批准公司使用可转 换公司债券募集资金置换预先已投入募投项目及已支付发行费用的自筹资金的 议案》 表决情况：5 票同意、0 票反对、0 票弃权。 监事会认为，本次募集资金置换符合公司发展的需要，有利于提高公司的资 金利用效率，不存在变相改变募集资金投向、 ...

证券代码：003816 证券简称：中国广核 公告编号：2025-052 中国广核电力股份有限公司 第四届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 4. 本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《中 国广核电力股份有限公司章程》（以下简称"《公司章程》"）的规定。 一、董事会会议召开情况 1. 中国广核电力股份有限公司（以下简称"本公司"或"公司"）第四届董 事会第十四次会议（以下简称"本次会议"）通知和材料已于 2025 年 7 月 14 日 以书面形式提交全体董事。 2. 本次会议于 2025 年 7 月 21 日以书面方式召开。 3. 本次会议应出席的董事 9 人，实际出席会议的董事 9 人。 二、董事会会议审议情况 经出席会议的董事审议与表决，审议通过《关于批准公司使用可转换公司债 券募集资金置换预先已投入募投项目及已支付发行费用的自筹资金的议案》 表决情况：9 票同意、0 票反对、0 票弃权。 公司监事会对本议案进行了审议，有关意见于 2025 年 7 月 21 日登载于巨潮 资讯网（www.cni ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending specific companies for investment based on their potential benefits from recent developments [3][4]. Core Insights - The commencement of the Yarlung Tsangpo River downstream hydropower project is expected to significantly boost demand for hydropower equipment, benefiting leading companies in the sector [4][14]. - The report highlights a decline in European and Asian gas prices due to varying supply and demand dynamics, suggesting a potential opportunity for gas companies [17][18]. Summary by Sections 1. Power: Yarlung Tsangpo Downstream Hydropower Project Commencement - The Yarlung Tsangpo River has substantial hydropower resources, with a theoretical capacity of 113 million kilowatts, making it one of the richest rivers in Tibet [8]. - The project involves the construction of five cascade power stations with a total investment of approximately 1.2 trillion yuan, primarily for power transmission outside Tibet [9][10]. - The project is expected to create a demand for hydropower equipment, with estimated annual orders of 4 billion yuan for Dongfang Electric and Harbin Electric, ensuring stable long-term performance for these companies [14][16]. 2. Gas: Global Supply and Demand Variations - As of July 18, the Henry Hub spot price in the US was $3.57/mmBtu, reflecting a weekly increase of 7.57%, while European gas prices showed a decline [17][19]. - The report notes that despite high temperatures increasing gas demand in the US, the overall supply remains stable, leading to a mixed outlook for gas prices [20][26]. - Recommendations include focusing on integrated gas companies like Kunlun Energy and New Hope Energy, which are expected to benefit from cost reductions and improved profitability [37]. 3. Weekly Market Review - The report indicates that the public utility, power, power equipment, environmental protection, and gas sectors underperformed compared to the CSI 300 index during the week [41]. 4. Company and Industry Dynamics - Recent government initiatives in Qingdao aim to accelerate the development of non-fossil energy and offshore wind projects, indicating a supportive policy environment for renewable energy [45]. - The report also highlights significant developments in nuclear power and energy storage projects in various provinces, showcasing ongoing investments in clean energy [47][48]. 5. Key Company Valuation Table - The report includes a valuation table for key companies in the public utility and environmental sectors, providing insights into their market positions and potential for growth [51].

证券代码：003816 证券简称：中国广核 公告编号：2025-051 中国广核电力股份有限公司 关于开立募集资金专项账户并签订募集资金三方监管协议 的公告 公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、募集资金基本情况 中国广核电力股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日收到 中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意中国广 核电力股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 〔2025〕479 号），同意公司向不特定对象发行 490,000.00 万元的可转换公司债 券，每张面值为人民币 100 元，募集资金总额为人民币 490,000.00 万元，扣除各 项发行费用 215.81 万元（不含增值税），实际募集资金净额为 489,784.19 万元。 上述募集资金已于 2025 年 7 月 15 日全部划至公司指定账户，毕马威华振会计师 事务所（特殊普通合伙）对公司上述募集资金到位情况进行了验证，并出具了《中 国广核电力股份有限公司向不特定对象发行可转换公司债券募集资金验证报告》 （ ...

Investment Rating - The report maintains a "Positive" outlook on the public utility sector, indicating an expectation for the industry to outperform the overall market [2]. Core Insights - The report highlights significant improvements in coal-fired power profitability due to a notable decrease in coal prices, with a 25.5% year-on-year drop in the average spot price of 5500 kcal thermal coal [2]. - Hydropower performance varies across regions, with major hydropower companies in Sichuan and Yunnan showing increased generation hours, leading to a strong performance in the first half of 2025 [2]. - Nuclear power generation is expected to grow steadily with the expansion of new units and ongoing approvals for additional reactors, ensuring long-term growth potential [2]. - Natural gas consumption faced short-term pressure but is anticipated to recover in the medium to long term as costs decrease and residential gas prices adjust [2]. Summary by Sections Coal Power - In Q2 2025, the average utilization hours for coal-fired power plants decreased by 118 hours year-on-year, but profitability is expected to improve due to lower coal prices [2]. - Companies like Jingneng Power and Jiantou Energy reported over 100% growth in net profit for the first half of 2025 [2]. Hydropower - National hydropower utilization hours reached 1023 hours from January to May 2025, a decrease of 70 hours year-on-year, but major hydropower companies reported significant increases in generation [2]. - Companies such as China Yangtze Power and Huaneng Hydropower saw their hydropower generation increase by 5.01% and 10.93% respectively in the first half of 2025 [2]. Nuclear Power - Nuclear power generation for China Nuclear Power and China General Nuclear Power increased by 12.01% and 6.11% respectively in the first half of 2025 [2]. - The approval of new nuclear units is expected to support future growth, with 10 new units approved in April 2025 [2]. Natural Gas - Natural gas consumption in China decreased by 1.3% year-on-year in the first five months of 2025, but there is an upward trend in terminal consumption [2]. - The report anticipates a recovery in natural gas prices due to increased LNG exports from major producing regions [2]. Performance Forecast - The report forecasts significant profit growth for key companies in the public utility sector for the first half of 2025, with various companies expected to see net profit growth rates ranging from 0% to over 100% [2][3]. - Recommendations include focusing on companies with strong growth potential in hydropower, nuclear power, and natural gas sectors [2].

Group 1 - Brazil's Northeast region is becoming a key area for energy transition, driven by renewable energy resources, with significant investments from Chinese companies like State Power Investment Corporation, China General Nuclear Power Group, and others [1] - The region has seen a rapid increase in installed renewable energy capacity, with 99.75% of energy in Piauí state being renewable [1] - The Brazilian National Economic and Social Development Bank is studying China's "sponge city" concept to enhance urban resilience against extreme climate events [1] Group 2 - China General Nuclear Power Group has been active in the Brazilian energy market for six years, planning to build a multi-energy complementary base in Piauí with over 1,400 MW capacity and an investment exceeding 3 billion Brazilian Reais (approximately 540 million USD) [2] - The establishment of a Sino-Brazil Clean Energy Innovation Center is planned to deepen cooperation in research and development, energy storage, and other areas [2] - The development of clean energy is viewed as a crucial opportunity for economic and social improvement in Brazil's Northeast region, enhancing the quality of life for residents [2]

证券代码：003816 证券简称：中国广核 公告编号：2025-050 中国广核电力股份有限公司 向不特定对象发行 A 股可转换公司债券发行结果公告 保荐人（主承销商）：华泰联合证券有限责任公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 中国广核电力股份有限公司（以下简称"发行人"）向不特定对象发行 A 股可 转换公司债券（以下简称"可转债"）已获得中国证券监督管理委员会同意注册的 批复（证监许可〔2025〕479 号）。华泰联合证券有限责任公司（以下简称"华泰 联合证券"或"保荐人（主承销商）"或"主承销商"）为本次发行的主承销商。 本次发行的 A 股可转换公司债券简称为"广核转债"，债券代码为"127110"。 本次发行的 A 股可转债规模为 490,000.00 万元，每张面值为人民币 100 元， 共计 4,900.0000 万张，按面值发行。本次发行的 A 股可转债向发行人在股权登记 日（2025 年 7 月 8 日，T-1 日）收市后中国证券登记结算有限责任公司深圳分公 司（以下简称"中国结算深圳分公司"）登记在册的原 A 股股东优先配售，优 ...

港股核电股再度走强，中核国际(02302.HK)涨超22%，中广核矿业(01164.HK)、中广核电力(01816.HK) 涨超3%，中广核新能源(01811.HK)涨超1.5%。 ...