香港联交所最新数据显示，7月28日，中信证券资产管理有限公司增持中广核电力(01816)2217.9万股， 每股作价2.9588港元，总金额约为6562.32万港元。增持后最新持股数目约为11.38亿股，持股比例为 10.19%。 ...

智通财经APP获悉，香港联交所最新数据显示，7月28日，中信证券资产管理有限公司增持中广核电力 (01816)2217.9万股，每股作价2.9588港元，总金额约为6562.32万港元。增持后最新持股数目约为11.38 亿股，持股比例为10.19%。 ...

Investment Rating - The report maintains a "Positive" outlook on the public utilities and environmental sectors, particularly in electricity and natural gas [1]. Core Insights - The report highlights a recovery in electricity consumption in June, driven by the tertiary sector and residential usage, with a total electricity consumption of 8,670 billion kWh, representing a year-on-year growth of 5.4% [15][17]. - Natural gas consumption showed a slight increase in June, with a total apparent consumption of 35.05 billion m³, up 1.4% year-on-year, indicating a recovery in industry sentiment [21][48]. - The report emphasizes the ongoing optimization of energy structure in China, with significant contributions from renewable energy sources, particularly solar and nuclear power [2][8]. Summary by Sections 1. Electricity: June Consumption Growth Accelerates - In June, the industrial electricity generation reached 7,963 billion kWh, a year-on-year increase of 1.7% [7][9]. - The breakdown of electricity generation types shows a decline in hydropower by 4.0%, while nuclear power grew by 10.3%, and solar power surged by 18.3% [9][15]. - The report notes that the second industry contributed significantly to the electricity increment, accounting for 38% of the total increase [16][17]. 2. Natural Gas: Global Price Decline and June Consumption Growth - The report states that the apparent consumption of natural gas in June was 35.05 billion m³, marking a 1.4% increase year-on-year [21][48]. - The average price of LNG in Northeast Asia decreased to $11.90/mmBtu, reflecting a broader trend of declining global gas prices [22][41]. - The report anticipates that the long-term outlook for natural gas will improve due to rising LNG export capacities from the US and the Middle East [48]. 3. Weekly Market Review - The public utilities and environmental sectors underperformed compared to the CSI 300 index, while the electrical equipment sector outperformed [50]. 4. Company and Industry Dynamics - The report mentions the increase in installed capacity for solar and wind energy, with solar capacity growing by 54.2% year-on-year [53]. - It highlights the ongoing construction of large seawater desalination projects in coastal provinces to support high water-consuming industries [53]. 5. Key Company Valuation Table - The report includes a valuation table for key companies in the public utilities and environmental sectors, indicating potential investment opportunities [60].

Core Viewpoint - China General Nuclear Power Corporation (CGN) has successfully issued A-share convertible bonds, raising a total of RMB 4.9 billion, which will be used for the construction of the Guangdong Lufeng Nuclear Power Station units 5 and 6, reflecting strong market confidence and support for the company's growth [1][3][4] Group 1: Bond Issuance Details - The convertible bonds, named "Guangdong Nuclear Convertible Bonds" with code "127110," were listed on the Shenzhen Stock Exchange, attracting significant attention in the capital market and nuclear power sector [1] - The bonds received a AAA credit rating, indicating high credit quality and making them an attractive investment option [1] - The subscription results showed a strong market response, with existing A-share shareholders participating at a rate of 67.78%, and an overall subscription amount exceeding RMB 8.47 trillion, setting a new record for online subscriptions of convertible bonds on the Shenzhen Stock Exchange in 2024 [1][3] Group 2: Project and Technology Overview - The funds raised will be fully allocated to the Guangdong Lufeng Nuclear Power Station project, which plans to construct six 1,000 MW pressurized water reactor units, utilizing the "Hualong One" nuclear technology [3] - The "Hualong One" technology is recognized for its safety, economic efficiency, and advanced features, aligning with international standards for similar reactors [3] - CGN has over 30 years of operational experience in the nuclear power sector and has established a dual listing in both H-shares and A-shares to enhance its market competitiveness and international influence [3][4] Group 3: Financial Performance and Shareholder Returns - Since its listing, CGN has distributed a total of RMB 31.964 billion in dividends, demonstrating strong profitability and a commitment to shareholder returns [4] - The issuance of convertible bonds aligns with the State-owned Assets Supervision and Administration Commission's initiative to enhance the quality of state-owned enterprises, providing necessary funding for sustainable development in the nuclear energy sector [4] - The investment in nuclear power projects is crucial for optimizing China's energy structure, reducing reliance on fossil fuels, and contributing to the country's carbon reduction goals [4]

港股核电股震荡走高，中核国际(02302.HK)涨近4%，中广核电力(01816.HK)涨超2%，中广核新能源 (01811.HK)涨超1%。 ...

Core Viewpoint - China General Nuclear Power Corporation (CGN) is issuing A-share convertible bonds to unspecified investors, which will be listed on the Shenzhen Stock Exchange, with the total amount not exceeding RMB 4.9 billion [3][17]. Group 1: Legal Framework and Compliance - The issuance is in accordance with the Company Law, Securities Law, and relevant regulations, ensuring that all legal procedures have been followed [4][5]. - The company has obtained necessary approvals from its internal authority and the state-owned enterprise, China General Nuclear Group [12][14]. - The issuance has been reviewed and approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [13][26]. Group 2: Financial and Operational Conditions - The average distributable profits for the last three years are sufficient to cover the interest on the convertible bonds, meeting the requirements of the Securities Law [15][19]. - The company reported net profits of RMB 1,036.48 million, RMB 1,061.29 million, and RMB 1,071.28 million for the years 2022, 2023, and 2024 respectively, indicating consistent profitability [20]. - The asset-liability ratios for the years 2022, 2023, and 2024 were 61.39%, 60.19%, and 59.49%, respectively, reflecting a stable financial structure [19]. Group 3: Use of Proceeds - The funds raised will be exclusively used for the construction of units 5 and 6 of the Guangdong Lufeng Nuclear Power Plant, aligning with the company's main business operations [17][18]. - The issuance will not be used to cover losses or for non-productive expenditures, complying with regulatory requirements [18][19]. Group 4: Convertible Bond Features - The convertible bonds will have a conversion period starting six months after issuance, allowing bondholders to convert their bonds into shares [21][23]. - The initial conversion price will be determined based on the average trading price of the company's A-shares prior to the issuance, ensuring it meets regulatory standards [22][23]. - The bondholders will have rights to adjust the conversion price under certain conditions, providing them with protection against market fluctuations [24][25].

Core Viewpoint - CGN Power Co., Ltd. is issuing A-share convertible bonds totaling RMB 490 million, with the aim of raising funds for its operations and projects [2][6][18]. Overview - The convertible bond is named "Guangke Convertible Bond" with the code 127110 [2]. - The total issuance amount is RMB 490 million, equivalent to 49 million bonds, each with a face value of RMB 100 [6][18]. - The bonds will be listed on the Shenzhen Stock Exchange on July 25, 2025 [2][6]. - The duration of the bonds is from July 9, 2025, to July 8, 2031 [2][6]. - The conversion period for the bonds starts on January 15, 2026, and ends on July 8, 2031 [2][6]. Company Profile - CGN Power Co., Ltd. is primarily engaged in the construction, operation, and management of nuclear power plants, as well as the sale of electricity generated from these plants [10]. - The company was established on March 25, 2014, and is headquartered in Shenzhen, Guangdong Province [8]. - As of December 31, 2024, the company has a registered capital of RMB 5,049,861.11 million [9]. Financial Performance - As of December 31, 2024, CGN Power's total assets amounted to RMB 31,798 million, with a net profit of RMB 2,421.81 million [10][11]. - The company managed to increase its power generation capacity, with a total generation of 2,421.81 billion kWh in 2024, up from 2,282.90 billion kWh in 2023 [10][11]. Shareholder Structure - The largest shareholder, China General Nuclear Power Group, holds approximately 58.89% of the company's shares [9][10]. - The company has a total of 50,498,611,100 shares outstanding, with no shares held in treasury [9][19]. Bond Issuance Details - The bonds will be offered to existing A-share shareholders on a priority basis, with any remaining bonds available to the public [12][18]. - The underwriting of the bonds is managed by Huatai United Securities Co., Ltd. [12][14]. - The bonds are rated AAA by China Chengxin International Credit Rating Co., Ltd. [5][12].

证券代码：003816 证券简称：中国广核 公告编号：2025-055 中国广核电力股份有限公司 （CGN Power Co., Ltd.） （中国广东省深圳市福田区深南大道 2002 号中广核大厦南楼 18 楼） 向不特定对象发行 A 股可转换公司债券 上市公告书 保荐人（主承销商） （深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 公告日期：2025 年 7 月 中国广核电力股份有限公司 向不特定对象发行 A 股可转换公司债券上市公告书 第一节 重要声明与提示 中国广核电力股份有限公司（以下简称"中国广核"、"公司"、"本公司"或 "发行人"）及全体董事、监事、高级管理人员保证本上市公告书的真实性、准 确性、完整性，承诺本上市公告书不存在虚假记载、误导性陈述或重大遗漏，并 对其内容的真实性、准确性和完整性承担个别及连带的法律责任。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）等有关法律、法规的规定，本公司董事、高级 管理人员已依法履行诚信和勤勉尽责的义务和责任。 中国证券监督管理委员会（以下简称"中国证监 ...

上市保荐书 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 一、发行人基本情况 （一）发行人概况 发行人名称：中国广核电力股份有限公司 成立时间：2014 年 3 月 25 日 注册地址：深圳市福田区深南大道 2002 号中广核大厦南楼 18 楼 联系地址：深圳市福田区深南大道 2002 号中广核大厦南楼 联系电话：（+86）755-84430888 向不特定对象发行 A 股可转换公司债券并在主板上市 之上市保荐书 深圳证券交易所： 作为中国广核电力股份有限公司（以下简称"发行人"、"公司"）向不特 定对象发行 A 股可转换公司债券并在主板上市（以下简称"本次发行"或"本 次可转债"）的保荐人，华泰联合证券有限责任公司（以下简称"华泰联合证券"、 "保荐人"、"保荐机构"）及其保荐代表人已根据《中华人民共和国公司法》（以 下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）等法律法 规和中国证券监督管理委员会（以下简称"中国证监会"）及贵所的有关规定， 诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规范出具上市保 荐书，并保证所出具文件真实、准确、完整。 现将有关情况报告如下： ...

关 于 中国广核电力股份有限公司 国浩律师（深圳）事务所 向不特定对象发行 A 股可转换公司债券 在深圳证券交易所上市 之 法律意见书 深圳市深南大道 6008 号特区报业大厦 42 楼/41 楼/31DE/2403/2405 邮编：518034 42F/41F/31DE/2403/2405, Special Zone Press Tower, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518034, China 电话/Tel: (+86)(755) 8351 5666 传真/Fax: (+86)(755) 8351 5090 网址/Website: http://www.grandall.com.cn 二〇二五年七月 国浩律师（深圳）事务所 法律意见书 国浩律师（深圳）事务所 关于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 在深圳证券交易所上市 之 法律意见书 GLG/SZ/A3245/FY/2025-899 致：中国广核电力股份有限公司 国浩律师（深圳）事务所依据与中国广核电力股份有限公司（以下简称"发 行人"、"公司"）签订 ...