Core Viewpoint - China Nuclear Power's stock has shown a mixed performance with a year-to-date increase of 5.09% and a recent decline over the past 60 days, indicating potential volatility in the market [1][2]. Group 1: Stock Performance - As of January 8, China Nuclear Power's stock price increased by 2.02% to 9.09 CNY per share, with a trading volume of 581 million CNY and a market capitalization of 186.96 billion CNY [1]. - The stock has experienced a 5.09% increase year-to-date, a 4.84% increase over the last five trading days, and a 5.09% increase over the last 20 days, while showing a 1.09% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, China Nuclear Power reported a revenue of 61.635 billion CNY, reflecting an 8.16% year-on-year growth, while the net profit attributable to shareholders decreased by 10.42% to 8.002 billion CNY [2]. - The company has distributed a total of 24.690 billion CNY in dividends since its A-share listing, with 10.970 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of November 30, the number of shareholders for China Nuclear Power reached 437,500, an increase of 2.69%, while the average number of tradable shares per person decreased by 2.62% to 43,166 shares [2]. - The top ten circulating shareholders include China Securities Finance Corporation, holding 466.5 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 22.9 million shares to 290 million shares [3].

Industry Standards and Regulations - The National Energy Administration has released key industry standards to regulate energy project planning, construction, and safety management, including guidelines for distributed energy sources [2] - Starting May 1, 2026, the National Energy Administration will implement the "Public Credit Information Management Measures for the Energy Industry," establishing a unified platform for credit information collection and sharing [2] - The International Energy Agency has issued important implementation details for the management of renewable energy green power certificates, with one certificate issued for every 1,000 kilowatt-hours of renewable energy generated [2] Industrial Developments - The Ministry of Industry and Information Technology has launched an action plan to integrate industrial internet and artificial intelligence, focusing on key industries such as steel, aviation, and power [3] - China's deepest offshore wind power project, the Huaneng Shandong Peninsula North Sea project, has successfully connected to the grid, marking a breakthrough in deep-sea offshore wind power operations [3] - A new low-carbon cement production system has been developed by Shandong University, utilizing green hydrogen in the limestone decomposition process, significantly reducing energy consumption and carbon emissions [3] Energy Projects - The construction of the Hunan Miluo Pumped Storage Power Station has made significant progress, with the successful completion of the spillway tunnel, marking a new phase in the project's flood control and structural construction [4] Company Performance - China Nuclear Power reported a cumulative commercial power generation of 244.43 billion kilowatt-hours for the year 2025, representing a year-on-year increase of 12.98%, with grid-connected power generation also increasing by 13.15% [7]

Core Viewpoint - The announcement details the operational performance and future plans of China Nuclear Power Co., highlighting significant growth in both nuclear and renewable energy generation for 2025 and setting ambitious targets for 2026 [1][6]. Nuclear Power Section - As of December 31, 2025, the company operated 26 nuclear power units with a total installed capacity of 25,000 MW, which increased to 27 units and 26,212 MW with the commissioning of the Zhangzhou Nuclear Power Unit 2 on January 1, 2026 [1]. - The total nuclear power generation for 2025 was 200.807 billion kWh, a year-on-year increase of 9.66%, with grid electricity reaching 187.847 billion kWh, up 9.69% [3]. - Specific performance variations included a decrease in generation at Qinshan and Sanmen nuclear plants due to increased maintenance days, while Jiangsu and Hainan plants saw increases due to reduced maintenance [3]. Renewable Energy Section - By December 31, 2025, the company had an operational renewable energy capacity of 33,641 MW, comprising 10,627 MW from wind and 23,014 MW from solar, along with 1,651 MW from independent energy storage [2]. - The total renewable energy generation for 2025 was 43.623 billion kWh, reflecting a 31.29% year-on-year increase, with wind and solar generation increasing by 27.42% and 34.53%, respectively [4][5]. 2026 Generation Targets and Risk Management - The company set a target of 259.2 billion kWh for total generation in 2026, with nuclear power expected to contribute 210 billion kWh and renewable energy 49.2 billion kWh [6]. - The company plans 15 major maintenance operations for its nuclear units in 2026, with specific quarterly targets for completion [6]. - Identified risks include unplanned power reductions, grid peak regulation impacts, and renewable equipment defects, with strategies in place to mitigate these risks through improved operational management and maintenance practices [6].

Core Viewpoint - China Nuclear Power (601985.SH) announced a projected total electricity generation of 2,444.30 billion kilowatt-hours (kWh) for 2025, representing a year-on-year increase of 12.98% [1] Group 1: Electricity Generation - The nuclear power generation is expected to reach 2,008.07 billion kWh in 2025, with a year-on-year growth of 9.66% [1] - The grid-connected electricity generation is projected to be 1,878.47 billion kWh, reflecting a year-on-year increase of 9.69% [1] - Renewable energy generation is anticipated to be 436.23 billion kWh, showing a significant year-on-year growth of 31.29% [1] Group 2: Future Projections - For 2026, the company targets a total electricity generation of 2,592 billion kWh, with nuclear power planned to contribute 2,100 billion kWh [1] - The renewable energy generation target for 2026 is set at 492 billion kWh [1]

证券代码：601985 证券简称：中国核电 公告编号：2026-005 中国核能电力股份有限公司 2025 年全年发电量完成情况及 2026 年发电计划公告 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法律责任。 根据中国核能电力股份有限公司（以下简称公司）统计，截至 2025 年 12 月 31 日，公司控股核电在运机组 26 台，装机容量 2,500.00 万千瓦；控股核电在建 及核准待建机组 19 台，装机容量 2,185.90 万千瓦。2026 年 1 月 1 日，公司控股 投资的中核国电漳州能源有限公司福建漳州核电站 2 号机组投入商运（详见公司 2026-002 号公告），公司控股核电在运机组增至 27 台，装机容量增至 2,621.20 万千瓦；控股核电在建及核准待建机组变为 18 台，装机容量相应变为 2,064.7 万 千瓦。 截至 2025 年 12 月 31 日，公司控股新能源在运装机容量 3,364.10 万千瓦， 包括风电 1,062.68 万千瓦、光伏 2,301.42 万千瓦，另控股独立储能电站 165. ...

格隆汇1月7日｜中国核电(601985.SH)公告称，2025年全年累计商运发电量为2444.30亿千瓦时，同比增 长12.98%。其中，核电发电量2008.07亿千瓦时，同比增长9.66%；上网电量1878.47亿千瓦时，同比增 长9.69%。新能源发电量436.23亿千瓦时，同比增长31.29%。公司预计2026年全年发电量目标为2592亿 千瓦时，其中核电计划发电量为2100亿千瓦时，新能源计划发电量为492亿千瓦时。 ...

格隆汇1月7日丨中国核电(601985.SH)公布，截至2025年12月31日，公司控股核电在运机组26台，装机 容量2,500.00万千瓦；控股核电在建及核准待建机组19台，装机容量2,185.90万千瓦。2026年1月1日，公 司控股投资的中核国电漳州能源有限公司福建漳州核电站2号机组投入商运（详见公司2026-002号公 告），公司控股核电在运机组增至27台，装机容量增至2,621.20万千瓦；控股核电在建及核准待建机组 变为18台，装机容量相应变为2,064.7万千瓦。 截至2025年12月31日，公司2025年全年度累计商运发电量为2,444.30亿千瓦时，同比增长12.98%；上网 电量为2,307.47亿千瓦时，同比增长13.15%。 截至2025年12月31日，公司控股新能源在运装机容量3,364.10万千瓦，包括风电1,062.68万千瓦、光伏 2,301.42万千瓦，另控股独立储能电站165.10万千瓦；控股新能源在建装机容量793.17万千瓦，包括风电 260.74万千瓦，光伏532.43万千瓦。 2026年，公司全年发电量目标为2,592亿千瓦时，其中核电计划发电量为2,100亿千瓦时 ...

Core Viewpoint - China Nuclear Power (601985.SH) announced that by December 31, 2025, the cumulative operating power generation for the year 2025 is expected to reach 244.43 billion kilowatt-hours, representing a year-on-year increase of 12.98% [1] Summary by Categories Power Generation - The cumulative operating power generation for 2025 is projected to be 244.43 billion kilowatt-hours, which is an increase of 12.98% compared to the previous year [1] Grid Power - The grid power volume is expected to reach 230.75 billion kilowatt-hours in 2025, showing a year-on-year growth of 13.15% [1]

Group 1 - The core point of the article is that China Nuclear Power (601985.SH) announced its operational performance projections for the year 2025, indicating significant growth in electricity generation and grid-connected power output [1] Group 2 - The total cumulative electricity generation for the year 2025 is projected to be 244.43 billion kilowatt-hours, representing a year-on-year increase of 12.98% [1] - The grid-connected power output is expected to reach 230.75 billion kilowatt-hours, showing a year-on-year growth of 13.15% [1]

人民财讯1月7日电，中国核电（601985）1月7日公告，截至2025年12月31日，公司2025年全年度累计商 运发电量为2444.3亿千瓦时，同比增长12.98%；上网电量为2307.47亿千瓦时，同比增长13.15%。2026 年，公司全年发电量目标为2592亿千瓦时，其中核电计划发电量为2100亿千瓦时，新能源计划发电量为 492亿千瓦时。 ...