中国广核（003816）(003816.SZ)公告，公司子公司山东招远核电有限公司的招远1号机组即将于2025年 11月18日进行核反应堆主厂房第一罐混凝土浇筑(FCD)，即招远1号机组将于该日开始全面建设，进入 土建施工阶段。招远1号机组采用华龙一号核电技术，单台机组装机容量为1214MW。 ...

为进一步加强与投资者的互动交流，中国广核电力股份有限公司（以下简称"公 司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公司协会与深圳 市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司投资者网上集体接待日活 动"，现将相关事项公告如下： 本 次 活 动 将 采 用 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 登 录 " 全 景 路 演 " 网 站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次互 动交流，活动时间为 2025 年 11 月 20 日（周四）14:30-17:00。 | 证券代码：003816 | | --- | | 证券简称：中国广核 | | 公告编号：2025-075 | 债券代码：127110 债券简称：广核转债 中国广核电力股份有限公司 关于参加 2025 年度深圳辖区上市公司投资者网上集体接待日活动 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。 届时公司财务总监兼董事会秘书尹恩刚先生将在线就公司业绩、公司治理、发展战 略、经营状况、融资 ...

| 证券代码：003816 | 证券简称：中国广核 | 公告编号：2025-074 | | --- | --- | --- | | 债券代码：127110 | 债券简称：广核转债 | | 招远 1 号机组采用华龙一号核电技术，单台机组装机容量为 1,214MW。 本公司目前无其他任何应披露而未披露的信息。有关公司信息以公司在深圳证 券交易所网站（www.szse.cn）及指定信息披露媒体的相关公告为准，敬请广大投 资者理性投资，注意投资风险。 特此公告。 中国广核电力股份有限公司董事会 2025年11月17日 中国广核电力股份有限公司 关于招远 1 号机组即将开始全面建设的公告 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。 中国广核电力股份有限公司（以下简称"公司"或"本公司"）的子公司山东 招远核电有限公司的招远1号机组即将于2025年11月18日进行核反应堆主厂房第一 罐混凝土浇筑（FCD），即招远1号机组将于该日开始全面建设，进入土建施工阶段。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 招遠1號機組即將開始全面建設 中國廣核電力股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司附 屬公司山東招遠核電有限公司的招遠1號機組即將於2025年11月18日進行核反應 堆主廠房第一罐混凝土澆築(FCD)，即招遠1號機組將於該日開始全面建設，進入 土建施工階段。 招遠1號機組採用華龍一號核電技術，單台機組裝機容量為1,214MW。 本公司目前無其他任何應披露而未披露的信息。有關本公司信息以本公司在香港 聯合交易所有限公司已發佈的相關公告為準，敬請廣大投資者理性投資，注意投 資風險。 承董事會命 中國廣核電力股份有限公司 尹恩剛 CGN Power Co., Ltd.* 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 財務總監、聯席公司秘書及董事會秘書 中國，2025年11月17日 於本公告日期，本公司董事會成員包括執行董事為高立剛先生；非執 ...

智通财经APP讯，中国广核(003816.SZ)公告，公司子公司山东招远核电有限公司的招远1号机组即将于 2025年11月18日进行核反应堆主厂房第一罐混凝土浇筑(FCD)，即招远1号机组将于该日开始全面建 设，进入土建施工阶段。招远1号机组采用华龙一号核电技术，单台机组装机容量为1214MW。 ...

中国广核公告，子公司山东招远核电有限公司的招远1号机组即将于2025年11月18日进行核反应堆主厂 房第一罐混凝土浇筑（FCD），即招远1号机组将于该日开始全面建设，进入土建施工阶段。招远1号机 组采用华龙一号核电技术，单台机组装机容量为1,214MW。 ...

Investment Rating - The report maintains a "Positive" outlook on the public utilities and environmental protection sectors [3] Core Insights - The report highlights a significant increase in electricity production in October, with total generation reaching 800.2 billion kWh, a year-on-year growth of 7.9% [4][11] - Hydropower and thermal power contributed the most to the increase in electricity generation, while wind power saw a decline of 11.9% compared to the previous year [4][10] - Natural gas prices showed mixed trends globally, with stable prices in Asia and fluctuations in Europe and North America [22][40] Summary by Sections 1. Electricity Production - In October, thermal power generation was 513.8 billion kWh, up 7.3% year-on-year, while hydropower generation reached 135.1 billion kWh, up 28.2% [4][11] - The total increase in electricity generation for October was approximately 58.6 billion kWh, with thermal power contributing 35 billion kWh and hydropower contributing 29.7 billion kWh [10][11] - The Three Gorges Reservoir achieved its water storage target of 175 meters, supporting future hydropower generation [10] 2. Natural Gas Market - As of November 14, the Henry Hub spot price in the U.S. was $3.49/mmBtu, a weekly decrease of 7.32% [22] - The TTF spot price in Europe was €30.80/MWh, showing a slight weekly change of 0.81% [22] - Northeast Asia's LNG spot price remained stable at $11.10/mmBtu, with domestic supply being sufficient [22][40] 3. Investment Recommendations - For hydropower, the report recommends companies like Guotou Power, Chuan Investment Energy, and Huaneng Hydropower due to favorable autumn water conditions [20] - In the green energy sector, companies such as Xintian Green Energy and Longyuan Power are suggested for their stable returns and high utilization hours [20] - For nuclear power, the report highlights China Nuclear Power and China General Nuclear Power as key players due to ongoing approvals for new units [20] - In the thermal power sector, companies like Guodian Power and Inner Mongolia Huadian are recommended due to decreasing fuel costs [20] - The report also suggests focusing on integrated natural gas companies like Kunlun Energy and New Hope Energy for their potential recovery in profitability [42][43]

Core Viewpoint - China General Nuclear Power Corporation (CGN) has experienced a decline in stock price and financial performance, with a notable decrease in revenue and net profit for the first nine months of 2025 [1][2]. Financial Performance - As of September 30, 2025, CGN reported operating revenue of 59.723 billion yuan, a year-on-year decrease of 4.09% [2]. - The net profit attributable to shareholders was 8.576 billion yuan, reflecting a year-on-year decrease of 14.10% [2]. - Year-to-date, CGN's stock price has decreased by 2.85%, with a 4.62% decline over the last five trading days [1]. Stock Market Activity - On November 17, CGN's stock price fell by 2.00%, trading at 3.92 yuan per share with a total market capitalization of 197.955 billion yuan [1]. - The stock saw a net outflow of 1.2719 million yuan in principal funds, with significant selling pressure observed [1]. - The company has a total of 228,200 shareholders, a decrease of 3.46% from the previous period [2]. Dividends and Shareholder Information - CGN has distributed a total of 26.057 billion yuan in dividends since its A-share listing, with 13.938 billion yuan distributed over the last three years [3]. - The second-largest circulating shareholder, Hong Kong Central Clearing Limited, reduced its holdings by 621 million shares [3].

Core Viewpoint - On November 13, 2023, brokerage firms provided target prices for listed companies, with notable increases in target prices for Shenghong Technology, China Railway, and Jiantou Energy, indicating strong market interest in these sectors [1] Group 1: Target Price Increases - Shenghong Technology has a target price increase of 35.50%, indicating significant growth potential in the components sector [1] - China Railway's target price increased by 31.12%, reflecting optimism in the infrastructure industry [1] - Jiantou Energy's target price rose by 26.00%, showcasing positive sentiment in the power sector [1] Group 2: Brokerage Recommendations - A total of 57 listed companies received brokerage recommendations on November 13, highlighting active market engagement [1] - Notable companies such as Foton Motor, China General Nuclear Power, and Beijing-Shanghai High-Speed Railway each received one brokerage recommendation [1] - Shanxi Securities upgraded the rating of Yiyuan Communication from "Hold" to "Buy," indicating increased confidence in the company's prospects [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN) reported a net profit attributable to shareholders of 8.576 billion yuan for the first three quarters of 2025, a year-on-year decrease of 14.14% [1] - The third quarter net profit was 2.624 billion yuan, down 8.81% year-on-year [1] - The decline in market-based electricity prices has impacted performance, despite stable growth in power generation [1] Company Performance - The company maintains a leading position in the domestic nuclear power industry with superior unit scale and operational capabilities [1] - The decline in market-based electricity prices in key regions like Guangdong and Guangxi has temporarily pressured short-term performance [1] - The market-based electricity price in Guangdong has seen a narrowing decline, while Guangxi experienced a slight decrease due to an increase in spot market proportion [1] Industry Outlook - The downward space for electricity prices is considered limited, with marginally positive trends in Guangdong's electricity pricing policy for 2026 [1] - The nuclear power industry has clear growth expectations, supported by high utilization hours, reasonable electricity prices, and a long-term decline in depreciation and financial costs [1] - The overall scale and profits of the industry are expected to continue growing [1] Future Growth Path - The company is progressing steadily with ongoing projects and asset injections, indicating a clear long-term growth trajectory [1] - The rating for the company is maintained at "Buy" [1]