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 ...

Group 1 - The core point of the announcement is the approval by the Supervisory Board of China General Nuclear Power Corporation to use funds raised from convertible bonds to replace self-raised funds already invested in projects and to cover issuance costs [1][2] - The meeting was held on July 14, 2025, and the proposal received unanimous approval with 5 votes in favor and no votes against or abstaining [1] - The Supervisory Board believes that the use of raised funds aligns with the company's development needs and will enhance capital utilization efficiency, complying with relevant regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN) is issuing convertible bonds to replace self-raised funds previously invested in projects and to cover issuance costs, with a total fundraising amount of RMB 490 million [7][10]. Group 1: Company Responsibilities - The company is responsible for preparing the special explanation regarding the replacement of self-raised funds with the proceeds from the convertible bonds, ensuring the information is true, accurate, and complete [2][11]. - The preparation of the special explanation is in accordance with the regulations set by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange [8][11]. Group 2: Fundraising Details - The company plans to issue 49 million convertible bonds with a face value of RMB 100 each, resulting in a total fundraising amount of RMB 490 million, after deducting issuance costs of RMB 2.1581 million [7][10]. - The net amount raised after costs is RMB 489.78419 million, which has been deposited into a designated account [7][10]. Group 3: Use of Proceeds - The net proceeds from the bond issuance will be used for specific investment projects as outlined in the fundraising plan [9][10]. - Prior to the bond proceeds being available, the company has already invested RMB 972.43963 million of its own funds into the projects from June 22, 2024, to July 14, 2025, with RMB 489.78419 million planned for replacement [10]. Group 4: Issuance Costs - The company has incurred issuance costs totaling RMB 0.2968 million, with a net amount of RMB 0.2685 million planned for replacement using the bond proceeds [10]. - The breakdown of issuance costs includes underwriting fees, legal fees, audit fees, and other related expenses [10]. Group 5: Verification and Conclusion - KPMG Huazhen LLP has conducted a verification of the fundraising and issued a report confirming that the special explanation reflects the situation accurately as of July 14, 2025 [6][11]. - The company asserts that the information disclosed complies with the relevant regulations and accurately reflects the use of self-raised funds [11].

关于中国广核电力股份有限公司 以可转换公司债券募集资金置换预先投入募集资金投资项目及 已支付发行费用的自筹资金的专项说明的鉴证报告 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 关于中国广核电力股份有限公司 以可转换公司债券募集资金置换预先投入募集资金投资项目及 已支付发行费用的自筹资金的专项说明的鉴证报告 毕马威华振专字第 2504326 号 中国广核电力股份有限公司董事会： 我们接受委托，对后附的中国广核电力股份有限公司 (以下简称"中国广核公司") 截止 2025 年 7 月 ...