证券代码：003816 证券简称：中国广核 公告编号：2024-018 中国广核电力股份有限公司 关于公司 2021 年度第一期中期票据到期兑付的公告 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"）于 2021 年 4 月 13 日完成 了 2021 年度第一期中期票据（以下简称"本期中期票据"）的发行。本期中期票 据发行金额为人民币 20 亿元，期限为 3 年，票面利率为 3.49%，面值为人民币 100 元，由中国农业银行股份有限公司和国家开发银行承销。 鉴于本期中期票据将于 2024 年 4 月 14 日（如遇法定节假日，顺延至下一个 工作日，顺延期间不另计息）到期兑付，为保证付息兑付工作的顺利进行，方便 投资者及时领取付息兑付资金，现将有关事宜公告如下： 7.本计息期债券利率：3.49% 8.兑付日：2024 年 4 月 14 日（如遇法定节假日，顺延至下一个工作日，顺 延期间不另计息。） 二、付息兑付办法 一、本期中期票据基本情况 1.发行人：中国广核电力股份有限公司 2.债券名称：中国广核电力股份有限公 ...

关于公司 2024 年度第一期超短期融资劵 证券代码：003816 证券简称：中国广核 公告编号：2024-017 中国广核电力股份有限公司 发行完成的公告 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。 公司不是失信责任主体。 中国广核电力股份有限公司（以下简称"公司"）于 2023 年 3 月 15 日召开 的第三届董事会第二十二次会议和于 2023 年 5 月 25 日召开的公司 2022 年度股 东大会审议通过了《关于申请注册与发行银行间多品种债务融资工具的议案》， 同意公司在中国银行间市场交易商协会（以下简称"交易商协会"）注册不超过 人民币 200 亿元的债券，注册品种为多品种债务融资工具（TDFI），公司将在注 册有效期内自主发行，最终方案以交易商协会注册通知书为准。 本 期 超 短 融 发 行 的 有 关 文 件 详 情 ， 已 在 上 海 清 算 所 （ 网 址 ： https://www.shclearing.com.cn ） 和 中 国 货 币 网 （ 网 址 ： https://www.chinamoney.com.cn）上刊发。 公司 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The company reported a revenue of 82.549 billion yuan in 2023, a year-over-year decrease of 0.33%, while the net profit attributable to the parent company was 10.725 billion yuan, reflecting a year-over-year increase of 7.64% [4] - The company manages 27 operational nuclear power units and 11 under construction, with a total installed capacity of 30.568 million kilowatts, accounting for 43.48% of the national total [4] - The average on-grid electricity price in 2023 was 422.8 yuan per megawatt-hour, a slight increase of 3.1 yuan compared to 2022, supporting the company's annual performance growth [4] - The company has a clear asset injection plan, which is expected to provide stable growth, with new units projected to contribute to performance starting in 2024 [5] - The company is expected to achieve net profits of 12.144 billion yuan, 12.524 billion yuan, and 12.846 billion yuan for the years 2024 to 2026, respectively [5] Summary by Sections Financial Performance - In 2023, the company achieved a total revenue of 82.549 billion yuan and a net profit of 10.725 billion yuan, with an EPS of 0.212 yuan per share [4][6] - The revenue for Q4 2023 was 22.706 billion yuan, a decrease of 6.97% year-over-year, while the net profit for the same period was 1.025 billion yuan, down 12.72% year-over-year [4] Future Outlook - The company is expected to see a revenue increase in 2024, with projections of 88.938 billion yuan, representing a year-over-year growth of 7.7% [6] - The anticipated net profit for 2024 is 12.144 billion yuan, with a projected EPS of 0.24 yuan [6][9] - The company plans to distribute a cash dividend of 0.94 yuan per 10 shares, corresponding to a dividend yield of 2.4% based on the closing price on April 3 [4] Valuation - The company is valued at a PE ratio of 19-20 times for 2024, with a reasonable value range of 4.56 to 4.8 yuan per share [5] - The projected gross margin for 2024 is expected to remain stable at 36.0% [9]

Investment Rating - The report maintains a "Buy" rating for China General Nuclear Power (1816.HK) with a target price raised to HKD 2.78 [1][2][3] Core Views - The company's 2023 performance met expectations, with revenue of RMB 82.5 billion, a slight decrease of 0.33% year-on-year, and a net profit attributable to shareholders of RMB 10.7 billion, an increase of 7.64% year-on-year [1][2] - The report anticipates stable growth in earnings for 2024, driven by the completion of maintenance on the Taishan Unit 1 and the addition of the Fangchenggang Unit 4, which will enhance power generation capacity [1][2] - Financial expenses have decreased, and the debt structure has been optimized, with a debt-to-asset ratio of 60.2%, down 1.2% year-on-year [1][2] Financial Performance Summary - Revenue for 2023 was RMB 82.5 billion, with a growth rate of -0.33% compared to 2022 [2][8] - Net profit attributable to shareholders for 2023 was RMB 10.7 billion, reflecting a growth rate of 7.62% [2][8] - The company reported a gross margin of 35.97% for 2023, with an expected increase in gross margin to 36.19% in 2024 [2][8] Future Projections - The forecast for net profit attributable to shareholders for 2024, 2025, and 2026 is RMB 11.5 billion, RMB 12.6 billion, and RMB 13.7 billion, respectively, with growth rates of 7.2%, 9.9%, and 8.5% [2][8] - The expected dividend per share for 2023 is RMB 0.094, with a payout ratio of 44.26%, which is an increase from the previous year [1][2] Project Pipeline - As of December 31, 2023, the company has 11 units under construction and a robust pipeline of future projects, indicating strong growth potential [1][2]

上 市 公 司 公用事业 2024 年04月 01 日 中国广核 (003816) 公 司 研 究 ——全年业绩稳定提升 期待新增机组持续贡献增量 公 司 点 报告原因：有业绩公布需要点评 评 买入 投资要点： （维持）  事件：公司发布2023年年度报告报告，2023年公司实现营业收入 825.49亿元，同比下 降0.33%，归母净利润107.25亿元，同比增长7.64%；基本每股收益达0.212元，同比 证 增长7.61%，业绩表现符合我们的预期。公司2023年度拟每股分红0.094元/股（含税）， 市场数据： 2024年04月01日 券 收盘价（元） 3.98 同比上涨8.05%，分红比例44.26%，同比上涨0.17%，持续履行五年分红规划的承诺。 研 一年内最高/最低（元） 4.17/2.88  经济增长带动用电量需求上升，多省上网电量大幅上涨。2023 年公司发电量达 1781.97 究 市净率 1.8 亿度，同比上升7.26%；上网电量为1670.72亿度，同比上升6.78%。2023年公司发电 报 息率（分红/股价） - 告 流通A股市值（百万元） 156553 厂平均利用小时数为7522 ...

Investment Rating - The investment rating for the company is "Buy" [5][19]. Core Views - The company's nuclear power business shows steady growth, while construction and installation services have negatively impacted revenue. In 2023, the company achieved operating revenue of 82.549 billion yuan, a decrease of 0.33%, primarily due to a 21.14% decline in construction and design service revenue. However, the net profit attributable to shareholders increased by 7.64% to 10.725 billion yuan, driven by the commissioning of the Fangchenggang Unit 3 and the resumption of the Taishan Unit 1 [1][6][19]. - The company is expected to see a clear asset injection, with a high certainty of growth in installed capacity. The controlling shareholder, China General Nuclear Power Group, has committed to injecting projects into the listed company after meeting certain conditions. The Huizhou Taipingling Nuclear Power Station is expected to be injected in 2024, with six units planned for construction [1][12][18]. Summary by Sections Financial Performance - In 2023, the company reported operating revenue of 82.549 billion yuan, a slight decrease of 0.33%. The net profit attributable to shareholders was 10.725 billion yuan, reflecting a growth of 7.64%. The non-recurring net profit was 10.613 billion yuan, up by 8.64% [1][6][19]. - The average on-grid electricity price increased to 0.4228 yuan/kWh, up by 0.0031 yuan/kWh year-on-year. The total on-grid electricity generated by the company's managed nuclear power plants was 214.146 billion kWh, with a market transaction volume accounting for approximately 57.3% [1][6][18]. Future Projections - The company expects to achieve operating revenues of 88.481 billion yuan, 95.286 billion yuan, and 102.055 billion yuan for 2024, 2025, and 2026, respectively. The net profit attributable to shareholders is projected to be 11.981 billion yuan, 13.124 billion yuan, and 14.422 billion yuan for the same years, with year-on-year growth rates of 12%, 6%, and 11% [19][20]. - The company has 27 operational units with a total installed capacity of 30,568 MW and an average utilization of 7,509 hours, which is expected to improve further with the resumption of the Taishan unit [1][12][18]. Dividend Information - The company declared a dividend of 0.94 yuan per share for 2023, with a total payout of 4.747 billion yuan, maintaining a payout ratio of 44.26%, similar to the previous year [2][19].

公 司 研 证券研究报告 究 ＃＃iinndduussttrryyIIdd＃＃ 公用事业 ＃investSuggestion＃ ＃ ＃d 中yCo 国mp 广any＃核 （ 003816 ） investSug 增持 ( 维ges持tion ）Ch 000009 ＃title＃ 防城港 3号投产贡献发电增量，全年归母净利润同比+7.64% ange＃ ＃ createTime1＃ 2024年 3月 28日 投资要点 公 ＃市场ma数rk据et Data＃ ＃⚫ sum事ma件ry＃： 中国广核公告2023年年报。2023年，公司实现营收825.49亿元， 司 同比（调整后）-0.33%；实现归母净利润 107.25 亿元，同比（调整后） 日期 2024/3/27 +7.64%；实现基本每股收益 0.212元/股，同比（调整后）+7.61%。2023 点 收盘价（元） 3.93 年第四季度，公司实现营收 227.06 亿元，同比-6.97%；实现归母净利润 评 总股本（百万股） 50,498.61 10.25亿元，同比-12.72%。公司同时公告2023年度利润分配预案，拟每 报 流通股本（百万股） 39,33 ...

股 票 研 究 [Table_industryInfo] 电力 [ Table_Main[中I Tnaf 广bol]e 核_Ti电tle]力 （1816） [评Tab级le_：Inv est] 增持 当前价格（港元）： 2.33 在建项目有序推进，股息具备提升空间 2024.03.28 海 中广核电力2023 年年报点评 [ 交Ta易bl数e_M据a rket] 外 于鸿光(分析师) 汪玥(研究助理) 孙辉贤(研究助理) 52周内股价区间（港元） 1.84-2.46 当前股本（百万股） 50,499 公 021-38031730 021-38031030 021-38038670 当前市值（百万港元） 117,662 司 yuhongguang025906@gtjas.c wangyue028681@gtjas.com sunhuixian026739@gtjas.co 证书编号 oSm08 80522020001 S0880123070143 mS0 880122070052 （ [ Table_PicQuote] 香 本报告导读： 52周内股价走势图 港 公司4Q23业绩下滑受费用增加、减值等因素影响；在 ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 公司快报 2024 年 03 月 28 日 中 国广核(003816.SZ) 证券研究报告 台山恢复带来业绩弹性，高速审批提供 其他发电 投资评级 买入-A 成长空间 维持评级 6 个月目标价 4.5 元 事件： 股价 (2024-03-28) 3.98元 公司发布 2023 年年报，2023 年公司实现营业收入 825.49 亿元，同 比下降 0.33%；实现归母净利润107.25 亿元，同比增长 7.64%；实现 交易数据 扣非归母净利润 106.13 亿元，同比增长 8.64%，随着核电装机投产 总市值(百万元) 200,984.47 公司业绩实现稳健增长，营业收入出现下降主要由于公司建筑安装和 流通市值(百万元) 156,553.24 设计服务板块收入下降，但由于该板块毛利率低，对利润端影响较小。 总股本(百万股) 50,498.61 流通股本(百万股) 39,334.99 装机投产叠加利用小时修复，公司业绩实现稳健增长： 12 个月价格区间 2.84/4.13元 根据公司公告，2023 年公司实现上网电量 1670.72 亿千瓦时（不包 股价表现 ...

Dividend Distribution - The company plans to distribute a cash dividend of 0.94 yuan per 10 shares, with a total base of 50,498,611,100 shares[2] Shareholder Structure - Guangdong Hengjian Investment Holding Co., Ltd. holds approximately 6.79% of the company's issued share capital[5] - China National Nuclear Corporation holds approximately 3.32% of the company's issued share capital[5] Subsidiaries and Equity Holdings - Yangjiang Nuclear Power Co., Ltd. is a subsidiary in which the company directly and indirectly holds 61.72% equity[5] - Taishan Nuclear Power Joint Venture Co., Ltd. is a subsidiary in which the company directly and indirectly holds 51% equity[5] - Fangchenggang Nuclear Power Co., Ltd. is a subsidiary in which the company indirectly holds 36.6% equity[5] - Ningde Nuclear Power Co., Ltd. is a subsidiary in which the company indirectly holds 33.76% equity[5] - Lingao Nuclear Power Co., Ltd. is a wholly-owned subsidiary in which the company directly and indirectly holds 100% equity[5] - Lingdong Nuclear Power Co., Ltd. is a subsidiary in which the company directly and indirectly holds 93.88% equity[5] Company Address - The company's registered address is at 18th Floor, South Tower, CGN Building, 2002 Shennan Avenue, Futian District, Shenzhen, Guangdong, China[6] Financial Performance - Revenue for 2023 was RMB 82.55 billion, a slight decrease of 0.33% compared to the adjusted 2022 revenue of RMB 82.82 billion[11] - Net profit attributable to shareholders in 2023 was RMB 10.72 billion, an increase of 7.64% compared to the adjusted 2022 figure of RMB 9.96 billion[11] - Operating cash flow for 2023 was RMB 33.12 billion, up 5.58% from the adjusted 2022 figure of RMB 31.37 billion[11] - Total assets at the end of 2023 were RMB 415.25 billion, an increase of 1.52% compared to the adjusted 2022 figure of RMB 409.02 billion[12] - Net assets attributable to shareholders at the end of 2023 were RMB 113.24 billion, up 5.80% from the adjusted 2022 figure of RMB 107.03 billion[12] - Q4 2023 revenue was RMB 22.71 billion, the highest among all quarters, while Q4 net profit was RMB 1.02 billion, the lowest among all quarters[15] - Non-recurring gains and losses in 2023 amounted to RMB 111.72 million, a significant decrease from RMB 195.21 million in 2022[16] - The company's weighted average return on equity (ROE) for 2023 was 9.76%, up 0.13 percentage points from the adjusted 2022 figure of 9.63%[12] - Total assets of the company reached approximately 415.25 billion yuan, a year-on-year increase of 1.52%[32] - The company's revenue for 2023 was approximately 82.549 billion yuan, a slight decrease of 0.33% compared to the previous year[32] - Net profit attributable to shareholders of the parent company was approximately 10.725 billion yuan, an increase of 7.64% year-on-year[32] Nuclear Power Operations - China's nuclear power installed capacity reached 56.91 GW by the end of 2023, accounting for 1.9% of the country's total installed capacity[18] - The company manages 27 operational nuclear power units and 11 under construction, with a total installed capacity of 30,568 MW and 13,246 MW, accounting for 43.48% of the national total[22] - The company's total grid-connected electricity in 2023 was 214.146 billion kWh, accounting for 52.65% of the national total[22] - The company's total installed capacity increased to 23,854 MW in 2023, up from 22,666 MW in the previous year[23] - Newly commissioned units added 1,188 MW of installed capacity in 2023[23] - The company's electricity generation in 2023 was 178.197 billion kWh, up from 166.141 billion kWh in the previous year[23] - The average grid electricity price in 2023 was 42,283,688.80 RMB per billion kWh, up from 41,970,879.33 RMB in the previous year[23] - The company's nuclear power units achieved an average capacity factor of 77.47% in the top 25% globally and 74.69% in the top 10% globally[27] - The company's nuclear power operations reduced coal consumption by 64.6722 million tons and CO2 emissions by 176.4567 million tons in 2023[26] - The company managed 27 operational nuclear power units and 11 under-construction units, with a total capacity of 30,568 MW and 6,008 MW respectively[33][34] - The number of operational nuclear power units increased by 3.85% to 27 units, with a capacity increase of 4.04% to 30,568 MW[34] - The number of under-construction nuclear power units increased by 25% to 5 units, with a capacity increase of 25.8% to 6,008 MW[34] - The company's nuclear power plants achieved a total grid-connected electricity generation of 214.146 billion kWh in 2023, a 7.95% increase compared to 2022[36] - The Fangchenggang Nuclear Power Plant's 3rd unit commenced commercial operation on March 25, 2023[39] - The Hongyanhe Nuclear Power Plant's 6th unit commenced commercial operation on June 23, 2022[39] - The average capacity factor of 27 operating units in 2023 was 89.43%, with an average load factor of 85.72% and average utilization hours of 7,509 hours[41] - The Fangchenggang Nuclear Power Plant showed the highest year-on-year growth in grid-connected electricity at 40.21%, reaching 23.251 billion kWh in 2023[38] - The Taishan Nuclear Power Plant achieved a 20.48% increase in grid-connected electricity, reaching 14.952 billion kWh in 2023[38] - The Hongyanhe Nuclear Power Plant (affiliated company) generated 47.075 billion kWh in 2023, a 12.31% increase from 2022[38] - The Daya Bay Nuclear Power Plant experienced a 6.12% decrease in grid-connected electricity, generating 14.489 billion kWh in 2023[38] - The average capacity factor of the operating nuclear units in 2023 was 89.43%, slightly lower than the 89.74% in 2022[42] - The company completed 17 refueling overhauls in 2023, with a total duration of approximately 920 days, including 1 first overhaul and 4 ten-year overhauls[42] - 77.47% of the 324 performance indicators for the 27 operating nuclear units in 2023 were in the top 1/4 globally (advanced level), and 74.69% were in the top 1/10 (excellent level)[43] - The radioactive liquid waste emissions from the nuclear power plants in 2023 were significantly below the national limits, with the highest being 3.14% of the national standard[45] - The company managed 11 nuclear units under construction as of December 31, 2023, with 2 in commissioning, 3 in equipment installation, 2 in civil construction, and 4 in FCD preparation stage[46] - The Fangchenggang Unit 4 completed hot functional tests on November 12, 2023, and is expected to be operational in the first half of 2024[47] - The company's nuclear power generation in 2023 contributed to reducing coal consumption by approximately 64.67 million tons and CO2 emissions by 176.46 million tons[45] - The radioactive solid waste generated in 2023 was 112.0 cubic meters at the Daya Bay Nuclear Power Base, a significant reduction from 186.1 cubic meters in 2022[45] - The Ningde Units 5 and 6, as well as the Huizhou Units 3 and 4, received State Council approval in 2023 and are in the FCD preparation stage[46] - The Lufeng Unit 6 commenced full-scale construction on August 26, 2023, entering the civil construction phase[46] - The company's "Hualong One" demonstration project, Fangchenggang Unit 3, was successfully put into operation in March 2023, increasing the total number of operational units to 27[100] - The company managed 11 nuclear power units under construction by the end of 2023, an increase of 3 units compared to the previous year[102] Research and Development - The company has over 5,000 R&D personnel and established multiple advanced laboratories, including a national engineering technology center and a national key laboratory[30] - The company has 553 licensed operators and 883 senior operators, with 116 operators and 52 senior operators specifically trained for the Hualong One reactor[31] - The company's R&D system includes a national engineering technology center, a national key laboratory, and five national energy R&D platforms, with two new national R&D platforms applied for in 2023[30] - The company's Hualong One technology, a third-generation nuclear power technology, has been developed with independent intellectual property rights and is continuously optimized for competitiveness[30] - The company's R&D personnel increased by 5.80% to 5,016 in 2023, with the proportion of R&D personnel rising by 1.36 percentage points to 26.35%[73] - R&D investment in 2023 reached RMB 4.18 billion, an increase of 8.39% year-on-year, accounting for 5.06% of operating revenue[74] - The capitalization ratio of R&D investment decreased by 9.42 percentage points to 42.05% in 2023[74] Environmental Impact - The company's nuclear power operations reduced coal consumption by 64.6722 million tons and CO2 emissions by 176.4567 million tons in 2023[26] - The company's nuclear power generation in 2023 contributed to reducing coal consumption by approximately 64.67 million tons and CO2 emissions by 176.46 million tons[45] - The company's environmental protection investments in 2023 totaled 4,048.6499 million yuan, including 3,456.9513 million yuan for spent fuel disposal, 133.3623 million yuan for low- and intermediate-level radioactive waste disposal, and 458.3363 million yuan for nuclear facility decommissioning[185] - The company's nuclear power plants have no direct greenhouse gas emissions, with minimal emissions coming from construction, equipment testing, and office/living area energy consumption[185] - The company has implemented a zero-carbon electricity procurement strategy, with operational and under-construction nuclear power plants purchasing or using self-generated nuclear power, renewable energy, or green certificates[185] - The Hongyanhe Nuclear Power Heating Project, operational since November 2022, has reduced annual coal consumption by 5,726 tons and CO2 emissions by 14,100 tons, covering nearly 20,000 residents in Dalian[185] - The company has completed ISO 50001:2018 energy management system certification for 6 operational nuclear power enterprises, 3 specialized companies, and 2 under-construction nuclear power projects[186] - The company conducted internal carbon audits across all operational and under-construction nuclear power plants and specialized companies in 2023, developing energy optimization and emission reduction solutions[186] - The company has implemented energy-saving measures including LED lighting, variable frequency air conditioners, and electric cooking appliances in office and living areas[186] - The company organized environmental protection and energy-saving promotion activities, including the "6·5 Environment Day" event at the Daya Bay Nuclear Power Base[186] - The company's nuclear power plants have maintained stable operation of radioactive waste treatment facilities, meeting design specifications and emission requirements[183] - The company has established comprehensive environmental monitoring programs, with monitoring data showing no abnormal changes in the surrounding environment of nuclear power plants[184] - The company managed 27 operational units in 2023, with radioactive waste management strictly adhering to national regulations, and the total emissions of gaseous and liquid effluents were below the national approved limits[187] - In 2023, the group's cumulative online electricity generation equivalent reduced standard coal consumption by approximately 64.67 million tons, reduced CO2 emissions by approximately 176.46 million tons, reduced SO2 emissions by approximately 17,800 tons, and reduced NOx emissions by approximately 28,500 tons[187] Corporate Governance - The company's governance structure includes shareholders, the board of directors, board committees, the supervisory board, internal auditors, and management, with external auditors providing independent reviews[110] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, with three out of nine board members holding positions at the controlling shareholder[111] - The 2023 first extraordinary general meeting had a 77.05% investor participation rate and passed resolutions including the election of non-executive directors and the approval of an independent director evaluation method[112] - The 2022 annual general meeting had a 77.54% investor participation rate and passed resolutions including the 2022 annual report, financial report, and profit distribution plan[112] - The 2023 first A-share class meeting had an 88.19% investor participation rate and passed a resolution granting the board general authorization for share repurchases[113] - The 2023 first H-share class meeting had a 39.98% investor participation rate and passed a resolution granting the board general authorization for share repurchases[113] - The 2023 second extraordinary general meeting had a 74.70% investor participation rate and passed resolutions including the election of the fourth board of directors and the approval of their remuneration[113] - The company's board members, including Chairman Yang Changli and President Gao Ligang, held no shares at the beginning and end of the reporting period, with no changes in shareholding during the period[115] - Board and management changes effective October 9, 2023, including the departure of non-executive directors Shi Bing and Gu Jian, and independent directors Yang Jiayi, Xia Ceming, and Deng Zhixiang due to term expiration[117] - New appointments include non-executive directors Li Li, Pang Songtao, and Liu Huanbing, and independent directors Wang Mingfeng and Xu Hua, all elected on October 9, 2023[118] - Vice Presidents Zhou Jianping and Liu Haijun were appointed on January 4, 2023[118] - Chairman and non-executive director Yang Changli has over 30 years of experience in nuclear power, nuclear fuel, R&D, and safety quality management[119] - Executive Director and President Gao Ligang has over 30 years of experience in the nuclear power industry and has held various leadership roles since 2007[120][121] - Non-executive director Li Li, appointed in October 2023, has over 30 years of experience in macroeconomics, administration, law, and state-owned assets supervision[122] - Pang Songtao, born in 1971, has been appointed as a non-executive director of the company since October 2023, bringing over 30 years of experience in the nuclear power industry[123] - Feng Jian, born in 1967, has been serving as a non-executive director since February 2023, with extensive experience in corporate management, financial management, and investment management[124] - Liu Huanbing, born in 1973, has been appointed as a non-executive director since October 2023, with over 25 years of experience in financial management and investment and financing management[125] - Wang Mingfeng, born in 1971, has been serving as an independent director and chairman of the board's remuneration committee since October 2023, with rich experience in legal affairs[126] - Li Fuyou, born in 1955, has been serving as an independent director and chairman of the board's nomination committee since August 2020, with extensive experience in energy, coal, and safety management[127] - Xu Hua, born in 1960, has been appointed as an independent director and chairman of the board's audit and risk management committee since October 2023, with rich experience in financial management, corporate management, and supervision[129] - Shi Weiqi, born in 1966, has been serving as the chairman of the board of supervisors and non-employee representative supervisor since October 2023, with over 30 years of experience in auditing, corporate management, and business management[130] - Zhang Baishan, born in 1971, has been serving as a non-employee representative supervisor since August 2020, with over 30 years of experience in finance, cost budgeting, and financial informatization[131] - Luo Jun, born in 1974, has been serving as an employee representative supervisor since October 2023, with over 25 years of experience in financial management[132] - He Dabo, born in 1971, has been serving as an employee representative supervisor since October 2023, with over 20 years of experience in the nuclear power industry[133] - Executive Director and President Gao Ligang's tenure details are provided in the "Board of Directors" section[135] - Financial Director, Joint Company Secretary, and Board Secretary Yin Engang has over 25 years of experience in finance and auditing, holding various senior positions since 2017[135] - Vice President Qin Yuxin, with over 25 years of experience in the nuclear power industry, has held multiple leadership roles since 2014[136] - Vice President Zhou Jianping, also with over 25 years of experience, has served in various capacities including as General Manager of Fangchenggang Nuclear Power[137] - Vice President Liu Haijun, with over 25 years of experience, has held key positions including Chairman and General Manager of Taishan Nuclear Power[138] - Yang Changli serves as the Party Secretary and Chairman of CGN, starting from July 3, 2020[139] - Gao Ligang is the Deputy Party Secretary, Director, and General Manager of CGN, starting from July 3, 2021[140] - Li Li is the Deputy Party Secretary and Director of CGN, starting from July 16, 2021[140] - Shi Bing has been the Deputy General Manager of CGN since December 1, 2008[140