Group 1 - The core viewpoint of the articles highlights the operational and construction status of China Nuclear Power, detailing its capacity and future plans for nuclear and renewable energy generation [1][2] Group 2 - As of December 31, 2025, the company will have 26 operational nuclear power units with a total installed capacity of 25,000 MW, and 19 units under construction or approved with a capacity of 21,859 MW [1] - By January 1, 2026, the operational nuclear units will increase to 27, with a total capacity of 26,212 MW, while the number of units under construction will decrease to 18, with a capacity of 20,647 MW [1] - The company’s renewable energy capacity will reach 33,641 MW by December 31, 2025, including 10,627 MW from wind and 23,014 MW from solar, with an additional 1,651 MW from independent energy storage [1] - The total electricity generation for the year 2025 is projected to be 244.43 billion kWh, representing a year-on-year increase of 12.98%, while the grid-connected electricity is expected to be 230.75 billion kWh, up 13.15% year-on-year [1] Group 3 - For 2026, the company targets an annual electricity generation of 259.2 billion kWh, with nuclear power contributing 210 billion kWh and renewable energy contributing 49.2 billion kWh [2] - The company plans to conduct 15 major maintenance operations on its operational nuclear units throughout the year, including 3 ten-year overhauls, 2 five-year overhauls, and 10 routine maintenance operations [2] - Key risks to achieving the generation targets include unplanned power reductions or outages, participation in grid peak regulation affecting expected generation, and defects in renewable energy equipment leading to reduced output [2]

Core Viewpoint - China Nuclear Power's stock has shown a positive trend with a 2.05% increase on January 7, 2023, reaching 8.95 yuan per share, with a total market capitalization of 184.08 billion yuan [1] Group 1: Stock Performance - As of January 7, 2023, China Nuclear Power's stock price has increased by 3.47% year-to-date, with a 2.76% rise over the last five trading days and a 2.40% increase over the last twenty days, while it has decreased by 1.32% over the last sixty days [1] - The company experienced a net inflow of main funds amounting to 65.30 million yuan, with large orders accounting for 19.23% of purchases and 18.89% of sales [1] Group 2: Financial Performance - For the period from January to September 2025, China Nuclear Power reported a revenue of 61.635 billion yuan, reflecting a year-on-year growth of 8.16%, while the net profit attributable to shareholders decreased by 10.42% to 8.002 billion yuan [2] Group 3: Shareholder Information - As of November 30, 2025, the number of shareholders for China Nuclear Power reached 437,500, an increase of 2.69%, while the average circulating shares per person decreased by 2.62% to 43,166 shares [2] - The company has distributed a total of 24.690 billion yuan in dividends since its A-share listing, with 10.970 billion yuan distributed over the last three years [3]

Group 1 - The company has approved a share repurchase plan using its own and self-raised funds, with a maximum repurchase price set at RMB 13.98 per share and a total repurchase amount between RMB 3 billion and RMB 5 billion [2][3] - The repurchase period is set to last no more than 12 months from the date of board approval [2] - The company will distribute a cash dividend of RMB 0.02 per share to shareholders, with the total share capital adjusted accordingly for the repurchase [3][4] Group 2 - The maximum repurchase price has been adjusted from RMB 13.82 per share to RMB 13.80 per share due to the cash dividend distribution [4][5] - The adjustment formula for the repurchase price considers the cash dividend and the change in circulating shares, which remains zero in this case [4][6] - Based on the adjusted repurchase price, the estimated number of shares to be repurchased ranges from approximately 21.74 million shares (0.11% of total shares) to 36.23 million shares (0.18% of total shares) depending on the total repurchase amount [6]

关于 2025 年半年度权益分派实施后 调整回购价格上限的公告 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法律责任。 重要内容提示： 证券代码：601985 证券简称：中国核电 公告编号：2026-004 中国核能电力股份有限公司 二、调整回购股份价格上限的原因 根据公司 2025 年第二次临时股东会审议通过的《关于中国核电 2025 年中报 分红事项的议案》，公司将以实施权益分派股权登记日登记的总股本扣除公司回 购专用证券账户中的股份为基数向股东每股派发现金红利 0.02 元（含税）。本 次利润分配仅进行现金分红，不进行资本公积金转增股本、不送红股，无股票拆 细、缩股及其他除权除息事项，公司回购专用证券账户所持有的本公司股份不参 与利润分配。 根据《关于以集中竞价交易方式回购股份的回购报告书》，若公司在回购期 限内发生资本公积金转增股本、派发股票或现金红利、股票拆细、缩股及其他除 权除息事项，公司将按照中国证监会及上海证券交易所的相关规定，对回购股份 的数量进行相应调整。 三、本次回购股份价格上限的调整 根据《回购报告书》，本次以 ...

中国核电公告称，因2025年半年度权益分派，公司将以集中竞价交易方式回购股份的价格上限由不超过 13.82元/股调整为不超过13.80元/股，调整起始日为2026年1月13日。本次权益分派向股东每股派发现金 红利0.02元（含税）。回购资金总额不低于3亿元且不超过5亿元，按3亿元测算，回购股份约2173.91万 股，占总股本约0.11%；按5亿元测算，回购约3623.19万股，占比约0.18%。除价格上限调整外，回购其 他事项不变。 ...

Core Viewpoint - The company has announced a cash dividend distribution of 0.02 yuan per share (tax included) for the first half of 2025, approved by the board during the second extraordinary shareholders' meeting on November 14, 2025 [1]. Distribution Plan - The dividend distribution is for the fiscal year 2025, specifically for the first half of the year [1]. - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the day before the equity registration date [1]. - The total share capital of the company is 20,568,002,074 shares, with 41,455,157 shares in the company's repurchase account, leading to a distribution base of 20,526,546,917 shares for the cash dividend [1]. Differential Dividend Distribution - The company will implement a differential dividend distribution plan, with a cash dividend of 0.02 yuan per share (tax included) based on the adjusted total share capital [1]. - The cash dividend to be distributed amounts to 410,530,938.34 yuan (tax included) [1]. Ex-Dividend Calculation - The ex-dividend reference price will be calculated as follows: (previous closing price - cash dividend) ÷ (1 + change in circulating shares ratio). Since there is no change in circulating shares, the ratio is 0 [2][4]. Implementation Method - Cash dividends for shareholders with unrestricted circulating shares will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch [4]. - Shareholders who have not completed designated transactions will have their dividends held by the China Securities Depository and Clearing Corporation until the transactions are completed [4]. Taxation Information - For individual A-share shareholders, dividends are subject to different tax treatments based on the holding period. Those holding shares for over one year are exempt from personal income tax, while those holding for one year or less will have taxes deducted upon stock transfer [7]. - For Qualified Foreign Institutional Investors (QFII), a 10% withholding tax will be applied, resulting in a net cash dividend of 0.018 yuan per share [8]. - Other institutional investors and corporate shareholders are responsible for their own tax obligations, with a cash dividend of 0.02 yuan per share (tax included) [9].

ZHONG LUN 中倫律師事務所 特殊的普通合伙 Limited Liability Partnership 北京市中伦律师事务所 关于中国核能电力股份有限公司 差异化分红事项的 法律意见书 二〇二五年十二月 I IIN 致:中国核能电力股份有限公司 北京市中伦律师事务所(以下简称"本所")接受中国核能电力股份有限公 司(以下简称"公司")委托,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》")、《上市公司股份回 购规则》(以下简称"《回购规则》")、《上海证券交易所上市公司自律监管指引第 7 号 -- 回购股份》(以下简称"《监管指引第 7 号》")及《上海证券交易所股票 上市规则》等有关法律、法规和规范性文件以及《中国核能电力股份有限公司章 程》以下简称"《公司章程》"）的规定,按照律师行业公认的业务标准、道德规 范和勤勉尽责精神,对公司 2025年度中期利润分配所涉及的差异化分红（以下 简称"本次差异化分红")相关事项所涉及的有关事实进行核查的基础上,出具 本法律意见书。 为出具本法律意见书,本所律师根据有关法律、法规、规范性文件的规定和 本所 ...

证券代码：601985 证券简称：中国核电 公告编号：2026-003 中国核能电力股份有限公司 2025年半年度权益分派实施公告 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。 每股分配比例 A 股每股现金红利0.02元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/1/12 | － | 2026/1/13 | 2026/1/13 | 差异化分红送转： 是 一、通过分配方案的股东会届次和日期 本次利润分配方案经中国核能电力股份有限公司（以下简称公司） 2025 年 11 月 14 日的2025年第二次临时股东会审议通过。 二、分配方案 1. 发放年度：2025年半年度 2. 分派对象： 重要内容提示： 由于公司本次分红为差异化分红，上述公式中现金红利指实际分派根据总股 本摊薄调整后计算的每股现金红利。根据公司 2025 年第二次临时股东会决议通过 的利润分配方案，公司本次仅进行现 ...

格隆汇1月5日丨中国核电(601985.SH)公布2025年半年度权益分派实施公告，截至本公告披露日，公司 总股本20,568,002,074股，公司回购专用证券账户中的累计回购股份数量为41,455,157股，公司将以扣除 公司回购专用证券账户中股份数后的公司股本20,526,546,917股为基数实施权益分派，本次将派发现金 红利410,530,938.34元（含税）。 本次权益分派股权登记日为：2026年1月12日，除权除息日为：2026年1月13日。 ...

本次权益分派股权登记日为：2026年1月12日，除权除息日为：2026年1月13日。 格隆汇1月5日丨中国核电(601985.SH)公布2025年半年度权益分派实施公告，截至本公告披露日，公司 总股本20,568,002,074股，公司回购专用证券账户中的累计回购股份数量为41,455,157股，公司将以扣除 公司回购专用证券账户中股份数后的公司股本20,526,546,917股为基数实施权益分派，本次将派发现金 红利410,530,938.34元（含税）。 ...