Group 1 - The company announced a share repurchase plan with a proposed amount between 300 million yuan and 500 million yuan, initiated by Chairman Lu Tiezong on April 29, 2025 [1] - The repurchase period is set from April 28, 2025, to April 27, 2026, and the shares will be used for employee stock ownership plans or equity incentives [1] - As of August 31, 2025, the company has repurchased a total of 15,531,908 shares, accounting for 0.08% of the total share capital, with a total expenditure of approximately 144.81 million yuan [1] Group 2 - The maximum repurchase price is capped at 13.98 yuan per share, and the repurchase will be conducted through centralized bidding [1] - The highest purchase price recorded was 9.65 yuan per share, while the lowest was 8.91 yuan per share [1] - The company will continue to make repurchase decisions based on market conditions and will fulfill information disclosure obligations in accordance with relevant regulations [1]

Summary of China Nuclear Power Conference Call Company Overview - **Company**: China Nuclear Power - **Industry**: Nuclear and Renewable Energy Key Points Financial Performance - In the first half of 2025, China Nuclear Power achieved revenue of **33.373 billion yuan**, a year-on-year increase of **6.54%** [2] - The net profit attributable to shareholders was **5.322 billion yuan**, up **9.48%** year-on-year [2] - The total electricity generated was **121.776 billion kWh**, with revenue from nuclear power reaching **40.973 billion yuan** [4] Nuclear Power Operations - The company currently operates **26 nuclear units** with a total installed capacity of **25 million kW** [4] - There are **18 units** under construction or approved for construction, with a combined capacity of **21.859 million kW** [2] - By 2031, the company expects to have a total operational capacity of **46.859 million kW**, representing an **87%** increase from current levels [2][5] Renewable Energy Business - As of June 30, 2025, the company had **33.2249 million kW** of renewable energy capacity in operation, including **10.3418 million kW** of wind and **22.8831 million kW** of solar [6] - The electricity generated from renewable sources was **21.915 billion kWh**, a **35.76%** increase year-on-year [6] - However, net profit from renewable energy dropped **66.28%** to **344 million yuan** due to regional power restrictions and increased depreciation costs [6] Market Dynamics - The average market price for renewable energy sales was approximately **0.28 yuan/kWh**, slightly down by **0.01 yuan/kWh** year-on-year [9] - The company anticipates stable electricity prices in Jiangsu province next year, with a gradual increase in market share [10] Cost Management - Uranium fuel costs are expected to remain stable between **60-80 USD** due to long-term contracts with suppliers [3][11] - The company has implemented cost control measures, which contributed to better-than-expected performance in net profit despite challenges [20] Strategic Planning - The company plans to focus on increasing wind power projects while reducing the scale of solar installations in its **15th Five-Year Plan** [4][14] - Following the implementation of Document 136, the company is optimizing project layouts and shifting focus from the northwest to the southeast coastal areas for better market conditions [16] Dividend Policy - The company maintains a mid-term dividend policy with a payout ratio of no less than **35%**, which is expected to gradually increase [23] - The dividend payout ratio for 2025 reached **41%**, with projections of **70-80%** if only existing units are operated [24] Challenges and Risks - Some renewable projects in the northwest are facing losses due to power restrictions and declining market prices, but overall losses are manageable [25] - The company is exploring solutions to address the issue of electricity transmission lagging behind power generation in the northwest region [19] Future Outlook - The capital expenditure for renewable energy is expected to remain stable but gradually decrease as projects are completed [17] - The company is preparing for the merger of its subsidiary, China Nuclear Huaneng, with Xinhua Hydropower, which is currently in the planning stage [13] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market conditions.

Group 1 - The core point of the article is that China Nuclear Power announced a share buyback plan, with a total of 15,531,908 shares repurchased as of August 31, 2025, representing 0.08% of the company's total share capital [2] Group 2 - The announcement was made on the evening of September 2, indicating the company's ongoing commitment to enhancing shareholder value through share repurchase [2] - The repurchased shares reflect the company's strategy to manage its capital structure and potentially improve earnings per share in the future [2]

Summary of Key Points Core Viewpoint - China Nuclear Power (601985.SH) has announced its share repurchase program, indicating a commitment to enhancing shareholder value through buybacks [1] Company Actions - As of August 31, 2025, the company has repurchased a total of 15.53 million shares, which represents 0.08% of its current total share capital [1] - The highest purchase price for the repurchased shares was 9.65 CNY per share, while the lowest was 8.91 CNY per share [1] - The total amount spent on the share repurchase, excluding commissions and other transaction fees, is 145 million CNY [1]

重要内容提示： 证券代码：601985 证券简称：中国核电 公告编号：2025-066 中国核能电力股份有限公司 关于股份回购进展公告 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。 2025 年 8 月，公司以集中竞价交易方式回购股份数量为 4,418,908 股，支付的 总金额为 39,872,848.24 元。 截至 2025 年 8 月 31 日，公司累计回购股份数量为 15,531,908 股，占公司目 前总股本的比例为 0.08%，购买的最高价为 9.65 元/股，购买的最低价为 8.91 元/ 股，已支付的总金额为 144,809,184.04 元（不含佣金等交易费用）。上述回购进展 符合法律法规的规定及公司披露的回购股份方案的要求。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 特此公告。 | 回购 ...

证券代码：601985 证券简称：中国核电 公告编号：2025-067 中国核电关于召开 2025 年半年度业绩 投资者交流会的公告 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。 中国核能电力股份有限公司（以下简称公司）已于 2025 年 8 月 28 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司经营成果、财 务状况，公司计划于 2025 年 9 月 11 日下午 14:00-15:00 召开中国核电 2025 年半 年度业绩投资者交流会。现将有关事项公告如下： 一、召开时间、地点 （一）会议召开时间：2025 年 9 月 11 日（星期四） 下午 14:00-15:00 （二）会议召开地点：中核集团（上海总部）C 座 3 楼 （三）会议召开方式：现场召开 二、参加人员 公司董事长、独立董事、总会计师、董事会秘书，其他公司领导及有关部门 负责人（如遇特殊情况，参会人员将根据实际情况进行调整）。 三、参加方式 （一）现场参加 因现场条件有限，本次说明会现场限额 60 人，有意向参加的投资者请于 9 ...

Group 1 - The company announced a share buyback plan, with a total of approximately 15.53 million shares repurchased, accounting for 0.08% of the total share capital as of August 31, 2025 [1] - The highest purchase price for the repurchased shares was 9.65 CNY per share, while the lowest was 8.91 CNY per share, with a total expenditure of approximately 145 million CNY [1] - As of the report date, the company's market capitalization stands at 182.6 billion CNY [1] Group 2 - For the fiscal year 2024, the company's revenue composition is primarily from the power industry, which accounts for 97.15%, while other businesses contribute 2.85% [1]

Core Points - As of September 2, 2023, a total of 1,029 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more [1] - The stock with the longest continuous net outflow is Xinrui Technology, with 26 days, followed by *ST Gaohong with 20 days [1] - The largest total net outflow amount is from Baogang Co., with a cumulative outflow of 5.034 billion yuan over six days [1] - Guizhou Energy has the highest proportion of net outflow relative to trading volume, with a recent decline of 6.75% over five days [1] Summary by Category Continuous Net Outflow Stocks - Xinrui Technology: 26 days of net outflow [1] - *ST Gaohong: 20 days of net outflow [1] - Baogang Co.: 6 days, net outflow of 5.034 billion yuan [1] - Guizhou Energy: 5 days, net outflow of 9.14 million yuan, down 6.75% [1] Net Outflow Amounts - Baogang Co.: 5.034 billion yuan over 6 days [1] - Guizhou Energy: 9.14 million yuan over 5 days [1] - Zhinan Zhen: 3.843 billion yuan over 5 days [1] - Changshan Beiming: 2.891 billion yuan over 10 days [1] Proportional Net Outflow - Guizhou Energy: Highest proportion of net outflow [1] - Other notable stocks with significant net outflows include TCL Technology and China Nuclear Power [1]

中国核电（601985）(601985.SH)发布公告，截至2025年8月31日，公司累计回购股份数量为1553.19万 股，占公司目前总股本的比例为0.08%，购买的最高价为9.65元/股，购买的最低价为8.91元/股，已支付 的总金额为1.45亿元(不含佣金等交易费用)。 ...

Core Viewpoint - China Nuclear Power (601985.SH) announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Summary by Categories Share Buyback Details - As of August 31, 2025, the company has repurchased a total of 15.53 million shares, which represents 0.08% of the current total share capital [1] - The highest purchase price was 9.65 CNY per share, while the lowest was 8.91 CNY per share [1] - The total amount spent on the buyback, excluding commissions and other transaction fees, is 145 million CNY [1]