Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) and has outlined the procedures and agenda to ensure the meeting runs smoothly and efficiently, emphasizing the importance of shareholder rights and participation. Meeting Procedures - All participants must adhere to legal obligations to maintain order and efficiency during the AGM [1] - Only authorized individuals, such as shareholders, directors, and invited guests, are allowed to attend the meeting [1] - Shareholders have the right to speak, inquire, and vote during the AGM [1] - A registration form for speaking and questioning will be available, and speaking time is limited to 5 minutes per shareholder [2] Voting Process - The AGM will utilize a combination of on-site and online voting methods [2] - Shareholders must express their voting opinions on proposals, and any improperly filled ballots will be considered as abstentions [2] - The online voting will be conducted through the Shanghai Stock Exchange's system during specified time slots on the day of the AGM [3] Meeting Agenda - The AGM will cover several key items, including the opening of the meeting, reports on various proposals, shareholder inquiries, and the election of monitoring personnel [3] - The first agenda item includes the presentation of the 2024 Board of Directors' work report, which has already been approved by the Board [4] Company Performance Highlights - The company has achieved significant milestones, including a 43% increase in market value and recognition for excellence in corporate governance [4] - The operational performance for 2024 includes a record low outage rate of 0.04 times per reactor per year and a reliability score of 97.68 [5] - The total electricity generated reached 216.35 billion kWh, marking a 3.09% increase year-on-year [5][26] Future Plans and Investments - The company plans to invest approximately 125.59 billion yuan in 2024, focusing on nuclear power and renewable energy projects [14] - The company has successfully raised 14 billion yuan through targeted stock issuance to support its development initiatives [9][16] Governance and Compliance - The company has established a robust governance framework, ensuring compliance with legal and regulatory requirements [30] - The Board of Directors has been actively involved in strategic decision-making and oversight, with regular meetings held to discuss key issues [17][19] Challenges and Strategic Focus - The company faces challenges from increasing competition in the nuclear energy market and evolving regulatory requirements [20] - The strategic focus for 2025 includes enhancing operational efficiency, maintaining safety standards, and pursuing high-quality development [21][22]

中国核能电力股份有限公司 2024 年年度股东大会 会议资料 二〇二五年五月 | | | | 2024 年年度股东大会会议须知 | | 1 | | | --- | --- | --- | --- | | 2024 年年度股东大会会议议程 | | 3 | | | 1．关于公司 | 2024 | 年度董事会工作报告的议案 | 5 | | 2．关于公司 | 2024 | 年度监事会工作报告的议案 | 26 | | 3．关于公司 | 2024 | 年度独立董事述职报告的议案 | 32 | | 4．关于公司 2024-2025 | | 年独立董事津贴发放的议案 | 64 | | 5．关于公司 | 2024 | 年度财务决算报告的议案 | 66 | | 6．关于公司 | 2024 | 年度股利分配方案的议案 | 68 | | 7．关于聘任 | 2025 | 年度审计机构的议案 | 69 | | 8．关于公司 | 2024 | 年年度报告及摘要的议案 | 70 | | 9．关于撤销公司监事会的议案 | | | 71 | | 10．关于变更注册资本并修订《公司章程》的议案 | | | 72 | | 11．关于公司 | 202 ...

"华龙一号"全球首堆——福清核电5号机组位于福建福清核电基地，从2022年8月18日开始运行至今，已累计发电370亿度，连续 安全运行1000天，这意味着中国核电技术不仅实现了从"跟跑"到"领跑"的跨越，还拥有了可持续的运营能力，为全球清洁能源发展贡 献了"中国方案"。中核集团福清核电三厂副厂长朱金刚表示，自"华龙一号"全球首堆福清核电5号机组投入商运以来，始终保持安全 稳定高效运行，在世界核电运营者协会的评价中综合指数达到满分，以优秀的运行业绩充分验证了我国自主三代核电技术的安全性和 先进性。 央视网消息：今年是中国自主三代核电"华龙一号"全球首堆开工建设十周年。十年来，"华龙一号"实现从无到有、从首堆攻坚到 批量超越。5月14日，"华龙一号"全球首堆——中核集团福清核电5号机组实现连续安全稳定运行1000天，持续向社会稳定输送清洁电 力超370亿度，再次验证了"华龙一号"的安全性和先进性。 "华龙一号"全球首堆连续安全运行1000天 "华龙一号"是中国在三十余年核电科研、设计、制造、建设和运行经验的基础上，研发的具有完全自主知识产权的三代压水堆核 电创新成果，技术指标达到国际先进水平。凭借高效可靠的建设周 ...

一季度，全社会用电量累计23846亿千瓦时，同比增长2.5%，在政策与需求双轮驱动下，电力行业持续 向上生长。 Wind数据统计显示，A股电力板块74只个股中，26只获资本市场"国家队"持有，最新持仓市值529.5亿 元，从其持股路径看，或为被"低估"的行业黑马。 "国家队"一季度增持6股 民营企业占得1席 资本市场"国家队"通常指具有政府背景、在金融市场中发挥重要稳定和调节作用的机构投资者。"国家 队"的资金规模庞大，投资行为往往对资本市场具有较强影响力。 纵观"国家队"持股表现，一季度增持电力板块6只个股，减持9只，增持个股最新持仓市值65.31亿元。 除中央及地方国有企业上榜增持名单外，民营企业也占得1席，体现出主力资金对民营经济的促进与支 持。 就具体企业看，地方国资代表浙江浙能电力股份有限公司（以下简称"浙能电力"）一季度获"国家队"增 持数量最多，达6841.11万股；民营企业广东宝丽华新能源股份有限公司（以下简称"宝新能源"）增持 股数位列其后，为1493.51万股。 "福建海风市场空间广阔，加之第一大股东福建省投资开发集团有限责任公司加速海风资产注入，中闽 能源2025年全年归母净利润有望同比 ...

Investment Rating - The investment rating for the utility sector is "Positive" (maintained) [4] Core Viewpoints - The new regulations for public funds are expected to lead to an increased allocation towards the utility sector, which is anticipated to benefit from a shift in investment strategies focusing on the "risk-return ratio" [6][4] - The utility sector, particularly hydropower, is projected to be one of the biggest beneficiaries of the new policies, as they are characterized by low covariance with the market, leading to potential valuation increases [6][4] - Historical data shows that major hydropower companies have consistently ranked in the top percentiles for risk-return ratios, indicating strong performance relative to market volatility [6][7] Summary by Sections Sector Performance - The report highlights the underallocation of public funds in the utility and environmental sectors compared to their index weights, suggesting a significant opportunity for investment [6][7] Investment Recommendations - The report recommends prioritizing investments in resilient hydropower companies and undervalued thermal power companies that benefit from declining coal prices [6] - Specific stock recommendations include: 1. Hydropower: Guotou Power, Changjiang Power, Chuanwei Energy 2. Wind Power: Longyuan Power (H), Xintian Green Energy, Datang Renewable, CGN New Energy 3. Thermal Power: Waneng Power, Shanghai Electric, China Resources Power, Huadian International, Sheneng Co [6]

根据相关规定，公司已在中国证券登记结算有限责任公司开立了股份回购专 用证券账户，专用证券账户情况如下： 持有人名称：中国核能电力股份有限公司回购专用证券账户 证券账户号码：B887298433 / B887301309 证券代码：601985 证券简称：中国核电 公告编号：2025-043 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 关于以集中竞价交易方式回购股份的回购报告书 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： ? 本次回购股份相关议案已经公司第五届董事会第三次会议审议通过； ? 回购股份金额：公司本次拟回购股份的资金总额不低于人民币 3 亿元且 不超过人民币 5 亿元； ? 回购股份资金来源：公司自有资金和自筹资金； ? 回购股份用途：用于股权激励； ? 回购股份价格：本次回购股份的价格上限不超过董事会审议通过本次回 购股份决议前 30 个交易日公司股票交易均价的 150%，即 13.98 元/股； ? 回购股份方式：本次回购股份拟采用集中竞价交易方式实施； ...

| 证券代码：601985 | 证券简称：中国核电 | | 公告编号：2025-043 | | --- | --- | --- | --- | | 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 关于以集中竞价交易方式回购股份的回购报告书 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： 本次回购股份相关议案已经公司第五届董事会第三次会议审议通过； 回购股份金额：公司本次拟回购股份的资金总额不低于人民币 3 亿元且 不超过人民币 5 亿元； 3、本次回购股份拟用于实施股权激励，若公司未能在法律法规规定的期限 内实施上述用途，则未实施部分的股份存在启动注销程序的风险； 4、如遇监管部门颁布新的上市公司股份回购相关规范性文件，则存在导致 本次回购实施过程中需要根据监管新规调整回购相应条款的风险。 回购股份资金来源：公司自有资金和自筹资金； 回购股份用途：用于股权激励； 回购股份价格：本次回购股份的价格上限不超过董事会审议通过本次回 购股份决议前 30 个交易日公司股 ...

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 上周基金重点事件回顾丨04.27-05.11 睿兽分析每周整理最值得关注的 基金重点事件 ，帮 助大家及时了解全球私募股权基金市场动向。 政府引导基金 光谷人才二期基金成功设立 金进行公示，公示期为2025年4月30日至2025年5月9日（含），公示期为5个工作日。任何单位和个人如 对公示项目有异议，可在公示期内以书面形式提出，并列举异议理由和相关证明材料。以个人名义提出 的，需写明自己的真实姓名、单位、联系地址及联系方式等；以单位名义提出的，需加盖单位公章。原 则上匿名异议不予受理。 （石景山金融） 江苏南通高端装备产业专项母基金招GP 江苏省战略性新兴产业母基金与南通市共同出资设立20亿元高端装备产业专项母基金，现启动第一批子 基金管理机构公开遴选。该基金采用有限合伙制，存续期15年（投资期8年+退出期7年），重点投资机器 人、工业母机、商业航天等高端装备领域。基金要求子基金规模不低于5亿元，注册在江苏省内，对省内 企业投资不低于政府出 ...

凤凰网财经《公司研究院》 近日，中国核电发布2024年年报及2025年Q1业绩。 根据年报，中国核电总营业收入772.72亿元，同比增长3.09%；不过归母净利润出现了大幅下滑，为 87.77亿元，同比减少17.38%。 随着电力市场化，全国新型电力系统加快建设，国内的核电市场也正经历从"政府定价、保障消纳"向市 场竞争的转型。 在此背景下，主要将核能发电再将电卖给千家万户的中国核电，在市场化竞争和新能源的扩张中，正面 临着利润下滑的压力。截止到5月12日，中国核电股价为9.38元/股，总市值1927亿元。 01 激进布局新能源 增收不增利 2024年，中国核电的累计发电量为2163亿千瓦时，同比增长3.09%，上网电量为2039亿千瓦时，同比增 长3.28%。 这其中，核电发电量为1831亿千瓦时，占总发电量的85%，依旧是大头，不过相比于2023年，不论是发 电量还是上网电量，同比均下滑了1.8%。 在核电利用小时数与运行稳定性方面，2024年出现了下滑。2024年，中国核电机组平均能力因子为 91.11%，较2023年的93.30%略有下降；2024年平均利用小时数为7710小时，较2023年的7852 ...

Core Viewpoint - China Nuclear Power reported a total operating revenue of 77.272 billion yuan in 2024, a year-on-year increase of 3.09%, but the net profit attributable to shareholders dropped significantly to 8.777 billion yuan, a decrease of 17.38% [1] Group 1: Financial Performance - The cumulative power generation in 2024 was 2,163 billion kWh, up 3.09% year-on-year, while the grid-connected power generation was 2,039 billion kWh, an increase of 3.28% [2] - The nuclear power generation accounted for 1,831 billion kWh, representing 85% of total generation, but both generation and grid-connected power saw a decline of 1.8% compared to 2023 [2][3] - The average capacity factor for nuclear power units in 2024 was 91.11%, down from 93.30% in 2023, and the average utilization hours decreased by 142 hours to 7,710 hours [5] - The comprehensive electricity price for 2024 was 0.4160 yuan/kWh, a decrease of 0.8% from 2023, while the nuclear power comprehensive price increased by 1% to 0.4151 yuan/kWh [7][8] Group 2: Market Dynamics - The marketization of electricity trading increased, with nuclear power's market trading volume rising from 42.65% in 2023 to 50.78% in 2024, while renewable energy's market trading volume increased from 59.12% to 66.43% [5][7] - The increase in renewable energy generation was significant, growing from 23.3 billion kWh in 2023 to 33.2 billion kWh in 2024, a year-on-year increase of 42% [5] Group 3: Investment and Financing - The net cash flow from investment activities showed a significant outflow, expanding from -71.7 billion yuan in 2023 to -94.9 billion yuan in 2024, a 32.4% increase [13] - The financing activities generated a net cash flow of 64.49 billion yuan in 2024, a substantial increase of 188% from 22.33 billion yuan in 2023, primarily from loans and equity financing [15][18] - Short-term borrowings rose from 19.86 billion yuan in 2023 to 29.08 billion yuan in 2024, a 46% increase, while long-term borrowings increased from 244.85 billion yuan to 304.3 billion yuan, a 24% rise [19] Group 4: Profitability and Shareholder Returns - The gross profit margin for the electricity business decreased by 1.94% to 43.34% in 2024, influenced by rising operating costs in renewable energy [8] - The dividend payout for 2024 was 3.669 billion yuan, accounting for 41.92% of the net profit, marking a new high since the company's listing [20] - The basic earnings per share, excluding non-recurring gains and losses, fell from 0.542 yuan in 2023 to 0.452 yuan in 2024, the lowest in three years [20]