601985.SH 中国核电 核美家园 关于本报告 时间范围 2024 年 1 月 1 日至 2024 年 12 月 31 日，部分内容超出上述范围。 发布周期 本报告是年度报告。 称谓说明 报告中"中国核能电力股份有限公司"以"中国核电""公司"或"我们"表示。 报告范围 中国核能电力股份有限公司及控股、合营、参股公司。 数据来源 报告中所有使用数据均来自公司正式文件和统计报告。 编制依据 本报告按照《上海证券交易所自律监管指引第 14 号——可持续发展报告（试行）》《上海证券交易所上市公司自 律监管指南第 4 号——可持续发展报告编制》的相关要求编写。本报告编制过程中，参考国际可持续准则理事 会《国际财务报告可持续披露准则第 1 号——可持续相关财务信息披露一般要求》《国际财务报告可持续披露准 则第 2 号——气候相关披露》、全球可持续发展标准委员会《GRI 可持续发展报告标准》（GRI Standards）、联合 国全球契约（United Nations Global Compact）、国际标准化组织《ISO26000：社会责任指南（2010）》、国务院 国资委《关于新时代中央企业高标准履行社会责任的指 ...

中国核能电力股份有限公司 关于独立董事独立性自查情况的专项报告 经核查独立董事马恒儒先生、录大恩先生、秦玉秀女士、黄宪培 先生的任职经历以及签署的相关自查文件，上述人员未在公司担任除 独立董事以外的任何职务，也未在公司主要股东公司担任任何职务， 与公司以及主要股东之间不存在利害关系或其他可能妨碍其进行独 立客观判断的关系，因此，公司独立董事符合《上市公司独立董事管 理办法》《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》中对独立董事独立性的相关要求，持续保持独立性，在 2024 年 度不存在影响独立性的情形。 中国核能电力股份有限公司董事会 2025 年 4 月 27 日 根据证监会《上市公司独立董事管理办法》《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》等要求，中国核能电力股份有限公司（以下简称公司）董事 会就公司独立董事马恒儒先生、录大恩先生、秦玉秀女士、黄宪培先 生的独立性情况进行评估并出具如下专项意见： ...

2024 [2025] ZG11904 中国核能电力股份有限公司 募集资金存放与使用情况专项报告的鉴证报告 (2024 年 1 月 1 日至 2024 年 12 月 31 日止 ) | | 目 求 | 页 | AN | | --- | --- | --- | --- | | | 募集资金存放与使用情况专项报告的鉴证报告 | | 1-2 | | | 募集资金存放与使用情况专项报告 | | । -રે | | ן זו | 附表 | | 1 -4 | 2024 2024 [2025] ZG11904 2 2022 2022 15 1 1 3101 2 2022 2022 15 1 1 2024 2024 2 2022 2022 15 1 1 2024 2024 2024 2024 2 2022 2022 15 1 1 ( ) 2020 1. 2020 2773 A 1,890,547,263 4.02 760,000.00 77.90 ( 73.49 ) 759,922.10 2020 12 21 169.72 ( ) 759,756.79 ( ) 2020 1-189 | A | 759,756.79 | | ...

中国核电（601985）公告，公司拟与中俄核工业基金、中国人寿（601628）、中核基金共同出资15.01 亿元设立中核田湾基金，其中公司出资2.79亿元。中核田湾基金设立后，公司拟通过非公开协议转让的 方式将持有的中核苏能核电有限公司5%股权转让给中核田湾基金。 ...

中国核电：拟3亿元-5亿元回购股份 智通财经4月28日电，中国核电(601985.SH)公告称，公司计划使用自有资金和自筹资金，通过集中竞价 交易方式回购部分A股股票，回购金额不低于3亿元且不超过5亿元。回购价格不超过董事会审议通过回 购决议前30个交易日股票交易均价的150%，即13.98元/股。回购期限为自董事会审议通过之日起12个月 内。回购的股份将用于股权激励。 ...

中国核电（601985）公告，2024年营业收入772.72亿元，同比增长3.09%。归属于上市公司股东的净利 润87.77亿元，同比下降17.38%。公司拟实施利润分配，每10股派发现金红利1.6元(含税)。 ...

Core Viewpoint - The nuclear power industry in China is expected to experience significant growth, with a strong investment rating maintained by Zhongyuan Securities, highlighting the importance of nuclear power in future energy supply [1][3] Group 1: Project Approvals - On April 27, 2025, the State Council approved five nuclear power projects, totaling ten nuclear units, with China General Nuclear Power Group (CGN) and China National Nuclear Power (CNNP) being the primary beneficiaries [1] - CGN received approval for four units, including two units in Guangdong and two in Guangxi, all utilizing Hualong One technology, with capacities of 1.2 million kW and 1.208 million kW respectively [1] - CNNP was approved for two units in the Zhejiang Sanmen project, also using Hualong One technology, with a capacity of 1.215 million kW each [2] Group 2: Industry Growth and Capacity - Nuclear power is recognized as a stable energy source in China's new power system, with a utilization hour rate of 7,805.74 hours in 2024, contributing 4.73% to the national power generation [3] - The "14th Five-Year Plan" aims for a nuclear power installed capacity of approximately 70 million kW by 2025, with a focus on coastal projects [3] - As of April 27, 2025, China has approved 28 new nuclear projects since 2022, with a total of 102 operational, under construction, and approved units, making it the world's largest nuclear power capacity at 113 million kW [3] Group 3: Regional Developments - Currently, there are no nuclear projects approved or under construction in Henan Province, which is not included in the national nuclear construction plan due to cautious evaluation policies for inland nuclear development [4]

Core Viewpoint - The Shanghai Composite Index opened lower and fluctuated, with the CSI 300 Utilities Index reported at 2638.18 points, reflecting a 3.14% increase over the past month, a 4.64% increase over the past three months, and a 2.53% decline year-to-date [1] Group 1: Index Performance - The CSI 300 Utilities Index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] - The index is based on a sample of 300 stocks from the CSI 300, with a base date of December 31, 2004, and a base point of 1000.0 [1] Group 2: Index Holdings - The top ten weights in the CSI 300 Utilities Index are: - Changjiang Electric Power (48.17%) - China Nuclear Power (10.24%) - Three Gorges Energy (8.19%) - Guodian Power (5.45%) - State Power Investment (4.79%) - Sichuan Investment Energy (4.38%) - Huaneng International (4.21%) - China General Nuclear Power (3.7%) - Zhejiang Energy Power (3.12%) - Huadian International (2.67%) [1] Group 3: Market Composition - The market composition of the CSI 300 Utilities Index shows that the Shanghai Stock Exchange accounts for 95.94%, while the Shenzhen Stock Exchange accounts for 4.06% [2] - In terms of industry composition, hydropower constitutes 59.60%, thermal power 15.45%, nuclear power 13.94%, wind power 8.55%, and gas power 2.46% [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI 300 Index samples or special events affecting sample companies [2]

4月24日至25日，2025年全国贸易摩擦应对工作会议在北京召开。会议指出，当前我国面临的贸易摩擦 正进入高强度阶段，强调面对困难与挑战要坚定信心、保持定力、讲究策略，在危机中育新机，于变局 中开新局。 企业如何在变局中创造新局面，中国核电企业的"逆袭"提供了有益的经验。《中国经营报》记者了解 到，从核心设备到数字化控制系统，中国核电不仅摆脱了对国外技术的依赖，更以"和睦系统"等自主研 发成果跻身全球前列。 2016年起，特别是2019年美方将部分央企列入实体清单后，这些央企显著加快了自主化步伐，覆盖装备 制造和软件设计等多个领域。 前述核电企业人士指出："科技自立自强、掌握自主核心技术最为关键，同时也需重视产业链协同创新 和共同发展。"他举例称："在美国制裁后，我们与产业链上下游合作伙伴一道梳理各领域可能受制于人 的关键设备和项目，共同解决难题。" 如今，中国核电技术已经跻身全球最前列。"完全可以与美国、法国的核电技术同台竞争，并在多个领 域实现超越。"前述核电企业人士称。 一位核电企业人士对记者表示："从核电行业自身来看，中美贸易摩擦对产业技术路线影响基本可以忽 略不计，因为我们的核电产业链已经完全成熟， ...

Core Viewpoint - The approval of 10 new nuclear power units in China marks a significant shift from "importing and digesting" technology to "independent output," showcasing the advancement of domestic nuclear technology [3][4]. Group 1: Nuclear Power Project Approvals - The recent approval includes 10 nuclear power units across five projects, with significant participation from major state-owned enterprises such as China National Nuclear Corporation and China General Nuclear Power Group [3]. - The approved units consist of 8 "Hualong One" reactors and 2 CAP1000 reactors, indicating a strong emphasis on domestically developed technology [3][4]. - The approval process for nuclear projects has accelerated, with 31 units approved from 2022 to 2024, of which 20 are based on "Hualong One" technology [3]. Group 2: Investment and Economic Impact - The total investment for the newly approved nuclear units is estimated to reach approximately 200 billion yuan, with equipment investment accounting for over 40% of this total [5]. - The nuclear power sector is expected to drive significant investment, with the construction of these units benefiting established players in the supply chain due to high barriers for new entrants [5]. Group 3: International Trends and Domestic Position - The global consensus on the revival of nuclear energy is reflected in commitments made by 31 countries to triple nuclear capacity by 2050 [7]. - China's nuclear power capacity has surpassed that of traditional nuclear power leaders like Russia, France, and the United States, with a total operational capacity of 113 million kilowatts [7]. - The rapid pace of nuclear project approvals positions China as a leader in nuclear energy development, with a total of 112 units either operational or under approval [7]. Group 4: Contribution to Energy Supply - Nuclear power has become a crucial baseload power source in China's eastern coastal regions, contributing nearly 5% of the national electricity generation despite only accounting for less than 2% of installed capacity [8].