中信证券股份有限公司 关于 2024 年度向特定对象发行 A 股股票 之 中国核能电力股份有限公司 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路8号卓越时代广场（二期）北座 二〇二四年八月 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票申请文件 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）接受中国核能电 力股份有限公司（以下简称"中国核电"、"发行人"或"公司"）的委托，担任其 向特定对象发行 A 股股票的保荐人。 中信证券股份有限公司及保荐代表人根据《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》"）、《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、法规、中国 证监会及上海证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业 务规则、行业执业规范和道德准则出具上市保荐书，并保证所出具文件的真实性、准 确性、完整性。 在本上市保荐书中，除上下文另有所指，释义与《中信证券股份有限公司关于中 国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票之 ...

中信证券股份有限公司 关于 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票 之 发行保荐书 保荐人（主承销商） 10 中信证券股份有限公司 © CITIC Securities Company Limited 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二零二四年八月 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票申请文件 发行保荐书 目 录 | 第一节 本次证券发行基本情况 | | --- | | 一、保荐人名称… | | 二、保荐代表人、项目协办人及其他项目组成员情况… | | 三、本次保荐的发行人证券发行的类型… | | 四、发行人情况… | | 五、保荐人与发行人存在的关联关系 | | 六、保荐人内部审核程序和内核意见… | | 第二节 保荐人承诺事项 | | 第三节 关于有偿聘请第三方机构和个人等相关行为的核查 ……………………………………19 | | 第四节 对本次证券发行上市的推荐意见 ………………………………………………………………………………………………………………………20 | | 一、本次证券发行决策程序…………………………………… ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the first half of 2024[12]. - The company's operating revenue for the first half of 2024 was CNY 37.44 billion, an increase of 3.15% compared to CNY 36.30 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2024 was CNY 5.88 billion, a decrease of 2.65% from CNY 6.04 billion year-on-year[18]. - The net cash flow from operating activities decreased by 10.81% to CNY 19.57 billion, down from CNY 21.94 billion in the previous year[18]. - The total assets of the company at the end of the reporting period were CNY 599.98 billion, reflecting an increase of 11.26% from CNY 539.27 billion at the end of the previous year[18]. - The company's net assets attributable to shareholders increased by 2.53% to CNY 93.25 billion, compared to CNY 90.95 billion at the end of the previous year[18]. - The weighted average return on equity decreased to 6.36%, down from 7.00% in the same period last year, a decline of 0.64 percentage points[19]. - The company's net profit after deducting non-recurring gains and losses was CNY 5.82 billion, a decrease of 1.13% compared to the same period last year[128]. - The total comprehensive income for the first half of 2024 was CNY 10,834,738,018.80, reflecting a significant increase compared to the previous period[142]. Capacity and Production - The average capacity factor for all units was reported at 90%, indicating effective management of planned outages and reduced unplanned energy losses[11]. - The company has a total installed capacity of 12.5 million kilowatts, with ongoing projects expected to further enhance this capacity in the coming years[11]. - In the first half of 2024, the company achieved a cumulative power generation of 105.295 billion kWh, a year-on-year increase of 4.43%[25]. - The company operated 25 nuclear power units with a total installed capacity of 23.75 million kW, generating 89.153 billion kWh, and an average utilization of approximately 3,754 hours[25]. - The installed capacity of renewable energy reached 22.3704 million kW, with wind power at 7.5592 million kW and solar power at 14.8112 million kW; renewable energy generation increased by 52.87% year-on-year[25]. - The company achieved a solar power generation of 8.513 billion kWh, a year-on-year increase of 55.07%, and wind power generation of 7.629 billion kWh, a year-on-year increase of 50.50%[25]. Strategic Initiatives - Future outlook includes plans to expand into new markets, particularly in Southeast Asia, aiming for a 20% increase in market share by 2025[12]. - The company is investing in new technologies, including the development of the ACP100 small modular reactor, which has a design life of 60 years and a power output of 125,000 kilowatts[11]. - The company is actively pursuing mergers and acquisitions to enhance its operational capabilities and market presence[12]. - The company is focusing on developing clean energy projects, including nuclear, wind, and solar energy, in line with national carbon neutrality goals[22]. - The company aims to expand its business in strategic emerging industries, enhancing its core operations in nuclear power and clean energy services[23]. Environmental Commitment - The company emphasizes its green low-carbon attributes, with nuclear power generating approximately 212.1 billion kWh in the first half of 2024, equivalent to a reduction of 15.6 million tons of CO2 emissions[29]. - The "Heqi No. 1" project, the first industrial nuclear energy steam supply project in China, will provide 4.8 million tons of zero-carbon clean steam annually, reducing coal consumption by 400,000 tons and CO2 emissions by 1.07 million tons[28]. - The company reduced carbon emissions by 803,342 tons through clean energy generation, including nuclear power[69]. - In the first half of 2024, the company's nuclear power plants generated a total of 105.295 billion kWh, equivalent to reducing coal consumption by 30.6619 million tons and CO2 emissions by 80.3342 million tons[69]. - Jiangsu Nuclear Power improved wastewater treatment efficiency, reducing the frequency of resin regeneration from every 6 months to every 18 months, leading to an 80% reduction in process wastewater discharge[67]. Financial Management - The company has no reported non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[5]. - The board has approved a profit distribution plan for the reporting period, although specific figures were not disclosed[4]. - The net cash flow from investment activities increased by 73.17% year-on-year, totaling approximately -¥41.39 billion, due to increased capital expenditures on nuclear and renewable energy projects[45]. - The net cash flow from financing activities surged by 862.78% year-on-year, reaching approximately ¥38.32 billion, reflecting greater financing inflows to support investment and development needs[45]. - The company has enhanced its governance efficiency and investment management, conducting special inspections on investment operations in 2024[35]. Risk Management - The management has outlined potential risks in future operations, emphasizing the importance of risk management strategies[6]. - The company faces risks in operational management due to maintenance issues at the Fuzhou Nuclear Power Unit 4, which may affect the annual power generation plan[56]. - The company is implementing measures to enhance fuel reliability and improve safety management to mitigate risks associated with equipment reliability and construction safety[56]. Innovation and Technology - The company has a strong focus on technological innovation, achieving a maximum efficiency of 18.91% for rigid perovskite solar cells, leading the industry[26]. - The company successfully produced carbon-14 isotopes domestically, eliminating reliance on imports and supporting the domestic isotope application industry[27]. - The company has launched commercial-grade perovskite products and achieved large-scale domestic production of carbon-14 at Qinshan Nuclear Power[38]. - The company has initiated the construction of the largest single offshore photovoltaic project in Lianyungang, marking a significant step in its clean energy expansion[41]. - The company obtained a total of 390 patent authorizations in the first half of the year, including 271 invention patents, demonstrating a strong focus on innovation[43]. Shareholder and Governance - The company confirmed a dividend payable of ¥8,077,657,263.00, a 63.03% increase, as per the shareholders' resolution[48]. - The company has established a comprehensive related transaction agreement with China National Nuclear Corporation for 2024, with a total transaction limit of up to RMB 300 billion for entrusted loans, RMB 65 billion for factoring services, RMB 160 billion for procurement, and RMB 10 billion for sales of goods and services[76]. - The company has committed to a lock-up period of 36 months for shares acquired through the recent issuance, ensuring no transfer or management by the shareholders during this time[74]. - The company has not reported any significant changes or terminations in fundraising projects during the reporting period[88]. - The company has not experienced any changes in its share capital structure during the reporting period[90]. Compliance and Regulation - The company has maintained compliance with all regulatory requirements and has no outstanding court judgments or significant debts due[75]. - The company has established emergency response plans for environmental incidents at its controlled nuclear power stations, with regular training and drills conducted[64]. - The company has established a comprehensive environmental monitoring program that meets national standards, ensuring compliance with radiation protection regulations[66]. - The company has implemented an environmental management system that integrates environmental protection requirements into all production processes at its nuclear power plants[67]. Debt and Financing - The company's interest-bearing debt increased from CNY 364.69 billion at the beginning of the period to CNY 404.48 billion at the end, representing a year-on-year change of 10.91%[119]. - The company's consolidated interest-bearing debt increased from CNY 331.82 billion at the beginning of the period to CNY 373.88 billion at the end, reflecting a year-on-year change of 12.68%[121]. - The total loan amount from China Nuclear Finance Co., Ltd. is CNY 650.00 billion, with an interest rate range of 2.27%-3.81%[82]. - The outstanding loan balance at the end of the reporting period is CNY 377.22 billion, with a total repayment amount of CNY 107.77 billion during the period[82]. - The company has issued multiple series of medium-term notes, including green bonds, to diversify its financing sources[100].

中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二四年八月 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿） 股票简称：中国核电 股票代码：601985 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发行人自 行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承担证券依法发 行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿） 重大事项提示 公司提请投资者注意，在作出投资决策之前，务必仔细阅读本募集说明书正文内容， 并特别提醒投资者注意以下风险扼要提示，欲详细了解，请认真阅读本募集说明书"第 七节 与本次发行相关的风险因素"。 一、电价调整风险 声 明 本公司及全体董事、监事、高级管理人员承诺本募集说明书内容真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应的法律 责任。 ...

中国核能电力股份有限公司 关于中核财务有限责任公司的风险评估报告 根据《上海证券交易所上市公司自律监管指引第 5 号——交易与 关联交易》要求，中国核能电力股份有限公司（简称"中国核电"或"公 司"）通过查验中核财务有限责任公司（以下简称"中核财务"）《金 融许可证》《营业执照》等资料及相关财务资料，对中核财务的经营 资质、业务和风险状况进行了评估，具体情况报告如下： 一、中核财务有限责任公司简介 中核财务隶属中国核工业集团有限公司，是由中国核工业集团有 限公司及其部分成员单位共同出资设立的非银行金融机构，经中国人 民银行批复（银复〔1997〕249 号文），中核财务目前持有国家金融 监督管理总局北京监管局于 2023 年 8 月 23 日颁发的机构编码为 L0011H211000001 的金融许可证。中核财务目前持有北京市市场监督 管理局于 2023 年 9 月 12 日颁发的统一社会信用代码为 91110000100027235R 的营业执照。 法定代表人：梁荣 注册资本： 438,582.00 万元 注册地址：北京市海淀区玲珑路 9 号院东区 10 号楼 7 至 8 层 经营范围：企业集团财务公司服务。 ...

| 证券代码：601985 | 证券简称：中国核电 公告编号：2024-058 | | --- | --- | | 债券代码：138547 | 债券简称：22 核电 Y2 | 中国核能电力股份有限公司 第四届监事会第二十一次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 中国核能电力股份有限公司（以下简称公司）第四届监事会第二十一次会议 于 2024 年 8 月 29 日以现场方式召开。本次会议的通知及相关会议材料已于 2024 年 8 月 16 日由监事会办公室提交全体监事。本次会议应参会表决监事 5 人，实 际参会监事 5 人。会议的召集召开符合《公司法》和《公司章程》的规定，所作 决议合法有效。 经与会监事审议，形成决议如下： 一、听取了《公司 2024 年 1-7 月总经理工作报告》 二、通过了《关于公司 2024 年半年度报告及摘要的议案》 表决结果：同意票数 5 票；反对票数 0 票；弃权票数 0 票。 监事会认为：《中国核能电力股份有限公司 2024 年半年度报告》的编制和 审议程序符合法律、 ...

| 证券代码：601985 | 证券简称：中国核电 | 公告编号：2024-062 | | --- | --- | --- | | 债券代码：138547 | 债券简称：22 核电 Y2 | | 中国核能电力股份有限公司 关于控股子公司中核汇能有限公司 市场化债转股工作方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 中国核能电力股份有限公司（以下简称公司或中国核电）控股子公司中 核汇能有限公司（以下简称中核汇能）拟以所属 30 家全资新能源项目公司为标 的公司，与工银金融资产投资有限公司（以下简称工银投资）开展不超过 68.30 亿元（含）市场化债转股业务。 中核汇能本次实施市场化债转股，符合国家相关政策导向及公司发展目 标，不存在损害公司及股东利益的情形。 本次交易完成后，中核汇能仍拥有 30 家标的公司的实际控制权。 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重 组。 本次交易已经公司第四届董事会第二十三次会议审议通过，无需提交股 东大会审议。 一、交易概述 （一）本次交 ...

保荐人（主承销商） 中信证券股份有限公司 关于 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票 之 上市保荐书 广东省深圳市福田区中心三路8号卓越时代广场（二期）北座 二〇二四年八月 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票申请文件 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）接受中国核能电 力股份有限公司（以下简称"中国核电"、"发行人"或"公司"）的委托，担任其 向特定对象发行 A 股股票的保荐人。 中信证券股份有限公司及保荐代表人根据《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》"）、《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、法规、中国 证监会及上海证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业 务规则、行业执业规范和道德准则出具上市保荐书，并保证所出具文件的真实性、准 确性、完整性。 在本上市保荐书中，除上下文另有所指，释义与《中信证券股份有限公司关于中 国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票之 ...

| 证券代码：601985 | 证券简称：中国核电 | 公告编号：2024-060 | | --- | --- | --- | | 债券代码：138547 | 债券简称：22 核电 | Y2 | 中国核能电力股份有限公司 关于公司 2024 年半年度募集资金存放与 实际使用情况的专项报告的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会证监许可〔2020〕2773 号文核准，并经上海证券 交易所同意，本公司由联席主承销商中信证券股份有限公司和中国国际金融股份 有限公司采用代销方式，向特定对象非公开发行人民币普通股（A 股）股票 1,890,547,263 股，发行价为每股人民币 4.02 元，共计募集资金 760,000.00 万元， 坐扣承销和保荐费用 77.90 万元（含税，不含税金额为 73.49 万元）后的募集资 金为 759,922.10 万元，已由联席主承销商中信证券股份有限公司于 2020 年 12 月 21 日汇入本 ...

股票简称：中国核电 股票代码：601985 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二四年八月 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿） 声 明 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务会计资 料真实、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意见，均 不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相 反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发行人自 行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承担证券依法发 行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 中国核能电力股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿） 重大事项提示 公司提请投资者注意，在 ...