Group 1 - The core viewpoint of the article highlights the strong performance of nuclear power stocks in the Hong Kong market, with notable increases in share prices for several companies [1] Group 2 - China National Nuclear Corporation International (02302.HK) saw a rise of over 22% in its stock price [1] - China General Nuclear Power Corporation Mining (01164.HK) and China General Nuclear Power Corporation Electric (01816.HK) both experienced increases of over 3% [1] - China General Nuclear Power Corporation New Energy (01811.HK) recorded a rise of over 1.5% [1]

证券代码：003816 证券简称：中国广核 公告编号：2025-049 中国广核电力股份有限公司 境内同步披露公告 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根据《香港联合交易所有限公司证券上市规则》 规定，于 2025 年 7 月 10 日在香港联合交易所有限公司披露易网站 （www.hkexnews.hk）刊登了《向不特定对象发行 A 股可转换公司债券网上发行 中签率及优先配售结果公告》。 根据《深圳证券交易所股票上市规则（2025 年修订）》第 11.2.1 条关于境内 外同步披露的要求，特将有关公告同步披露如下，供参阅。 特此公告。 中国广核电力股份有限公司董事会 2025 年 7 月 10 日 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。 本次發行配售結果匯總如下： | | 有效申購數量 | 實際獲配數量 | | | --- | --- | --- | --- ...

证券代码：003816 证券简称：中国广核 公告编号：2025-048 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 中签号码公告 中国广核电力股份有限公司（以下简称"中国广核"或"发行人"）和华泰 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"），根据《中华人民共和国证券法》、《证券发行与承销管理办 法》（证监会令〔第 228 号〕）、《上市公司证券发行注册管理办法》（证监会 令〔第 227 号〕）、《可转换公司债券管理办法》（证监会令〔第 227 号〕）、 《深圳证券交易所上市公司证券发行与承销业务实施细则》（深证上〔2025〕268 号）、《深圳证券交易所可转换公司债券交易实施细则》（深证上〔2025〕223 号）、《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 （深证上〔2025〕223 号）和《深圳证券交易所上市公司自律监管指南第 1 号— —业务办理（2025 年修订）》（深证上〔2025〕396 号）等相关规定向不特定对 象发行 A 股可转换公司债券（以下简称"A 股可转换公司债券"、"A 股可转债" 或"可转债" ...

Core Viewpoint - China General Nuclear Power Corporation (CGN) is issuing A-share convertible bonds to unspecified investors, with a total issuance amount of 490,000 million yuan, equivalent to 4,900 million bonds at a price of 100 yuan each [7][8]. Summary by Sections Issuance Details - The A-share convertible bonds will be offered to existing A-share shareholders for priority subscription, with any remaining bonds available for public investors through the Shenzhen Stock Exchange [4][5]. - The priority subscription date for existing shareholders is set for July 8, 2025, and the public subscription period ended on July 9, 2025 [7]. Subscription Results - Total priority subscription from existing A-share shareholders amounted to 3,321,021,800 yuan, or 33,210,218 bonds, representing 67.78% of the total issuance [8]. - The public subscription resulted in 15,789,780 bonds being allocated, which is 1,578,978,000 yuan, accounting for 32.22% of the total issuance, with a public subscription success rate of 0.0186422035% [8][9]. Underwriting and Allocation - If the total subscription amount falls below 70% of the issuance, the issuer and underwriter may consider suspending the issuance and will report to the Shenzhen Stock Exchange [5]. - The underwriter, Huatai United Securities, will underwrite any shortfall in subscription, with a maximum underwriting limit of 30% of the total issuance, equating to 147,000 million yuan [6][9]. Future Actions - The final allocation results will be announced on July 11, 2025, following a lottery draw on July 10, 2025 [8][9]. - The listing date for the convertible bonds will be announced separately [9].

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 证券代码：003816 证券简称：中国广核 公告编号：2025-047 网上发行中签率及优先配售结果公告 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。 特别提示 中国广核电力股份有限公司（以下简称"中国广核"或"发行人"）和华泰 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"），根据《中华人民共和国证券法》、《证券发行与承销管理办 法》（证监会令〔第 228 号〕）、《上市公司证券发行注册管理办法》（证监会 令〔第 227 号〕）、《可转换公司债券管理办法》（证监会令〔第 227 号〕）、 《深圳证券交易所上市公司证券发行与承销业务实施细则》（深证上〔2025〕268 号）、《深圳证券交易所可转换公司债券交易实施细则》（深证上〔2025〕223 号）、《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 （深证上〔2025〕223 号）和《深圳证券交易所上市公司自律监管指南第 1 号— —业务 ...

Group 1 - China General Nuclear Power Corporation (CGN) has officially launched a public offering of convertible bonds valued at 4.9 billion yuan, with an initial conversion price set at 3.67 yuan per share [1] - The interest rates for the convertible bonds are structured to increase over six years, starting from 0.2% in the first year to 2.0% in the sixth year [1] - The funds raised from this issuance will be used entirely for the construction of the Guangdong Lufeng Nuclear Power Plant Units 5 and 6 after deducting related issuance costs [1] Group 2 - As of July 9, CGN's market capitalization stands at 186.8 billion yuan, and the company has not conducted any additional share issuance since its IPO in 2019, which raised 12.574 billion yuan [2] - CGN is the largest publicly listed nuclear power company in terms of operational and under-construction nuclear power capacity, managing 28 operational units and 20 under construction, accounting for approximately 45% of the national total [2] - The company's financial performance has remained stable, with projected revenues of 80.68 billion yuan in 2021, increasing to 86.8 billion yuan in 2024, and net profits expected to rise from 9.764 billion yuan in 2021 to 10.81 billion yuan in 2024 [2] Group 3 - CGN has a strong dividend profile, with cash dividends consistently representing 44% of net profit over the past three years, and a stable dividend yield of over 2.5% [3] - The demand for electricity is expected to rise during the summer, positioning CGN as a key player in the nuclear power sector due to its reliable and efficient power supply capabilities [3]

证券代码：003816 证券简称：中国广核 公告编号：2025-046 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 发行提示性公告 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。 特别提示 中国广核电力股份有限公司（以下简称"中国广核"或"发行人"）和华泰 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"），根据《中华人民共和国证券法》、《证券发行与承销管理办 法》（证监会令〔第 228 号〕）、《上市公司证券发行注册管理办法》（证监会 令〔第 227 号〕）、《可转换公司债券管理办法》（证监会令〔第 227 号〕）、 《深圳证券交易所上市公司证券发行与承销业务实施细则》（深证上〔2025〕268 号）、《深圳证券交易所可转换公司债券交易实施细则》（深证上〔2025〕223 号）、《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 （深证上〔2025〕223 号）和《深圳证券交易所上市公司自律监管指南第 1 号— —业务办理（2025 年 ...

Group 1: Company Overview - China General Nuclear Power Corporation (CGN) manages 28 operational nuclear units and 20 under construction, with a total installed capacity exceeding 5,600 MW, accounting for approximately 45% of the national total [2]. - The company focuses on the construction, operation, and management of nuclear power plants, as well as the sale of electricity generated from these plants [1]. Group 2: Convertible Bond Issuance - The total amount to be raised from the issuance of A-share convertible bonds is RMB 4.9 billion, with a proposed issuance of 49 million bonds, and a maturity period of 6 years [2]. - The initial conversion price for the convertible bonds is set at RMB 3.67 per share, based on the average trading price of the company's A-shares prior to the announcement [2]. - The minimum subscription unit for investors is 1 lot (10 bonds, RMB 1,000), with a maximum subscription limit of 1,000 lots (RMB 1 million) per account [3][4]. Group 3: Financial Performance - In the first half of 2025, the total electricity generated by the managed nuclear units was 1,133.60 billion kWh, representing a year-on-year increase of 6.93% [5]. - The average utilization hours of the units increased by 125 hours, reaching 3,784 hours [5]. Group 4: Market Conditions - The average market price of electricity in the first half of 2025 decreased compared to the same period last year, primarily due to declines in the Guangdong and Guangxi markets [5]. - In the regions where the company operates, market prices in Guangdong and Guangxi are nearing the lower limit for market transactions, while prices in Fujian and Liaoning remain stable [5]. Group 5: Future Projects and Approvals - As of April 27, 2025, the State Council approved five projects, including CGN's Fangchenggang Units 5 and 6, indicating a return to a normalized approval process for nuclear power projects [6]. - The company is well-positioned with a strong reserve of potential project sites and is actively preparing for future project approvals [6]. Group 6: Dividend Policy - According to the dividend plan approved at the 2020 annual general meeting, the company aims to maintain a moderate increase in the dividend payout ratio from 42.25% in 2020 to 44.36% by 2025 [6]. - The company emphasizes balancing development, performance growth, and shareholder returns to enhance the stability and predictability of cash dividends [6].

Group 1 - The maximum national electricity load reached 1.465 billion kilowatts, setting a historical record, which accelerates the construction of a new power system and enhances response capabilities [1] - The National Development and Reform Commission reported that the power supply capacity is being improved, with the power supply and demand situation for the summer peak being better than last year, ensuring overall balance [1] - The State Grid is deepening the application of "AI + repair" to enhance efficiency in energy management and fault recovery [1] Group 2 - In 2025, the total investment in the two grids is expected to reach a historic high of 825 billion yuan, with a focus on transmission grid investments [2] - The State Grid has initiated reforms to support incremental distribution reform trials and is actively researching virtual power plants and new energy storage [2] Group 3 - The Southern Power Market has transitioned to continuous settlement trial operation, allowing for daily trading and real-time cross-province electricity transactions [3] - The market now includes 220,000 market participants with daily trading volume of 3.8 billion kilowatt-hours, indicating a shift towards a more diversified electricity trading environment [3] - The upcoming summer peak demand and the acceleration of the national unified electricity market construction are expected to positively impact the electricity sector [3] Group 4 - Relevant Hong Kong stocks in the electricity sector include China Huadian Corporation (01071), Huaneng International Power Development (00902), China Power International Development (02380), China Resources Power (00836), Datang International Power Generation (00991), and China General Nuclear Power (01816) [4] Group 5 - Key companies in the power equipment sector include Dongfang Electric (01072), Shanghai Electric (02727), and Harbin Electric (01133) [5]

Core Viewpoint - The article emphasizes the robust measures taken by state-owned enterprises to ensure energy supply stability during the peak summer demand period, highlighting the significant contributions of various energy sectors, including traditional and renewable sources [1][2][3][4][5]. Group 1: Energy Supply Measures - National Energy Group's electricity generation in June reached 1,025.8 billion kilowatt-hours, marking a 1.6% year-on-year increase [2]. - The State Grid has completed 140 key projects for summer peak supply, with a total investment exceeding 30 billion yuan, enhancing power supply capacity by over 30 million kilowatts [1][2]. - Southern Power Grid's highest electricity load reached 240 million kilowatts, a 6.1% increase year-on-year, with projections of 270 million kilowatts during peak summer [2]. Group 2: Renewable Energy Contributions - Clean energy supply capabilities are continuously improving, with offshore gas fields and LNG import operations significantly contributing to natural gas supply [3]. - New energy sources, particularly wind and solar, are becoming the main contributors to electricity generation, with a notable increase in their share of total generation [4]. - The Three Gorges Group's hydropower stations are prepared for peak demand, with expected maximum output exceeding 70 million kilowatts this summer [3]. Group 3: Future Energy Strategy - The article suggests accelerating the establishment of a reliable renewable energy-based supply system to balance energy supply and emissions reduction [4]. - The National Development and Reform Commission anticipates a year-on-year increase of approximately 10 million kilowatts in the highest electricity load during the summer peak [4][5]. - Financial support is being mobilized, with energy companies issuing special bonds to bolster supply efforts [4].