证券代码：003816 证券简称：中国广核 公告编号：2025-030 中国广核电力股份有限公司 关于召开 2024 年度股东大会、2025 年第一次 A 股类别股东大 会、2025 年第一次 H 股类别股东大会的通知 公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 中国广核电力股份有限公司（以下简称"本公司"或"公司"）董事会决定召集 2024 年度股东大会、2025 年第一次 A 股类别股东大会、2025 年第一次 H 股类别股 东大会（以下简称"本次股东大会"）。本次股东大会采用现场投票与网络投票相结 合的方式，现将有关事项通知如下： 一、召开会议的基本情况 1. 股东大会届次：2024 年度股东大会、2025 年第一次 A 股类别股东大会、2025 年第一次 H 股类别股东大会。 2. 股东大会的召集人：公司董事会。 2025 年 3 月 26 日，公司第四届董事会第十二次会议审议通过了《关于批准召 开 2024 年度股东大会、2025 年第一次 A 股类别股东大会和 2025 年第一次 H 股类 别股东大会的议案》。 3. 会议召开的合法、合规性： ...

4月9日晚，中国广核公告，2025年1至3月份，公司及其子公司运营管理的核电机组总发电量约为601.74 亿千瓦时，较上年同期增长9.25%。总上网电量约为566.89亿千瓦时，较上年同期增长9.41%。 中国广核于2014年赴港上市，2019年在A股上市，实现A+H两地上市。 一直以来，中国广核盈利较为稳定，从2016年起到2024年的这九年时间，公司扣非净利润保持持续增 长。 基于对公司的长期信心，4月8日，中国广核控股股东中国广核集团有限公司（简称"中广核"）启动对其 H股股份的增持计划，累计增持比例不超过截至4月8日公司已发行H股股份总数的5%。增持计划资金为 中广核的自有资金。 预计2025年资本开支规模或翻倍 据了解，中国广核是中广核核能发电的唯一平台，业务主要包括建设、运营及管理核电站，销售该等核 电站所发电力，组织开发核电站的设计及科研工作。 截至2024年12月31日，中国广核管理28台在运核电机组和16台在建核电机组（其中包含本公司控股股东 委托本公司管理的8台机组），装机容量分别为31798兆瓦和19406兆瓦，占全国在运及在建核电总装机 容量的45.02%。 核电巨头中国广核（0038 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：003816 证券简称：中国广核 公告编号：2025-028 中国广核电力股份有限公司 关于2025年第一季度运营情况的公告 公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 一、2025年1月至3月份发电量及上网电量情况 根据中国广核电力股份有限公司（以下简称"本公司"）之统计，2025年1月至3月份，本公司及其子公司 （以下简称"本集团"）运营管理的核电机组总发电量约为601.74亿千瓦时，较去年同期增长9.25%。总 上网电量约为566.89亿千瓦时，较去年同期增长9.41%。 2025年1月至3月份发电量及上网电量详情如下： ■ 注： 1.本公告中提供的数字经过整数调整。 2.大亚湾核电站于2025年1月至3月份换料大修总时间少于2024年同期。 3.岭澳核电站于2025年1月至3月份换料大修总时间多于2024年同期。 6.宁德核电站于2025年1月至3月份换料大修总时间少于2024年同期。 2025年2月24日，陆丰1号机组实现FCD，开始全面建设，进入土建施工阶段。 截至2025年3月31日 ...

证券代码：003816 证券简称：中国广核 公告编号：2025-028 中国广核电力股份有限公司 关于2025年第一季度运营情况的公告 公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、2025 年 1 月至 3 月份发电量及上网电量情况 根据中国广核电力股份有限公司（以下简称"本公司"）之统计，2025 年 1 月至 3 月份，本公司及其子公司（以下简称"本集团"）运营管理的核电机组总 发电量约为 601.74 亿千瓦时，较去年同期增长 9.25%。总上网电量约为 566.89 亿千瓦时，较去年同期增长 9.41%。 注： 1.本公告中提供的数字经过整数调整。 2.大亚湾核电站于 2025 年 1 月至 3 月份换料大修总时间少于 2024 年同期。 3.岭澳核电站于 2025 年 1 月至 3 月份换料大修总时间多于 2024 年同期。 4.岭东核电站于 2025 年 1 月至 3 月份换料大修总时间少于 2024 年同期。 5.防城港 4 号机组于 2024 年 5 月 25 日投入商业运营，防城港核电站于 2025 年 1 月至 3 月份换料大修总时 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 中国广核电力股份有限公司 关于控股股东增持公司H股股份计划的公告 中国广核集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 2025年4月8日，中国广核电力股份有限公司（以下简称"公司"、"本公司"）收到控股股东中国广核集团 有限公司（以下简称"中广核"）的通知，中广核计划自本公告披露之日起12个月内，通过深圳证券交易 所深港通系统增持公司H股股份，累计增持比例不超过截至2025年4月8日公司已发行H股股份总数的5% （以下简称"本次增持计划"）。 2025年4月8日，本公司接获控股股东中广核增持公司H股股份计划的通知，现将有关情况公告如下： 一、增持主体 （一）增持主体：中广核，为公司控股股东。 （二）增持主体已持有股份的数量、占公司总股本的比例：截至本公告披露日，中广核直接持有本公司 29,736,876,375股股份（其中：A股29,176,641,375股、H股560,235,000股），约占本公司总股本 58.89%。 二、本次增持计划的主要内容 1. 增持股份的目的：基于对本公司价值的认可及未来持续 ...

证券代码：003816 证券简称：中国广核 公告编号：2025-027 中国广核电力股份有限公司 关于控股股东增持公司 H 股股份计划的公告 特别提示： 2025 年 4 月 8 日，中国广核电力股份有限公司（以下简称"公司"、"本公 司"）收到控股股东中国广核集团有限公司（以下简称"中广核"）的通知，中广 核计划自本公告披露之日起 12 个月内，通过深圳证券交易所深港通系统增持公 司 H 股股份，累计增持比例不超过截至 2025 年 4 月 8 日公司已发行 H 股股份总 数的 5%（以下简称"本次增持计划"）。 中国广核集团有限公司保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 2025 年 4 月 8 日，本公司接获控股股东中广核增持公司 H 股股份计划的通 知，现将有关情况公告如下： 一、增持主体 （一）增持主体：中广核，为公司控股股东。 二、本次增持计划的主要内容 1. 增持股份的目的：基于对本公司价值的认可及未来持续稳定发展的信心。 2. 增持股份的种类：本公司无限售条件 H 股。 3. 增持股 ...

Core Insights - The company reported a revenue of 86.804 billion yuan for 2024, representing a year-on-year increase of 5.16% [1] - The net profit attributable to shareholders was 10.814 billion yuan, up 0.83% year-on-year, while the net profit excluding non-recurring items was 10.713 billion yuan, an increase of 0.94% [1] - In Q4 2024, the company achieved a revenue of 24.534 billion yuan and a net profit of 0.830 billion yuan, with year-on-year changes of +8.05% and -18.98% respectively [1] Revenue Breakdown - The company's revenue from nuclear power, construction installation, design services, labor provision, merchandise sales, and other businesses were 65.9 billion, 18.6 billion, 1.4 billion, 0.7 billion, and 0.2 billion yuan respectively, with year-on-year changes of +5.46%, +3.74%, -1.76%, +42.92%, and -3.80% [2] - The nuclear power sales business saw steady revenue growth, but the gross margin decreased by 2.25 percentage points compared to the previous year [2] - The installed capacity for nuclear power reached 25.084 million kilowatts, a year-on-year increase of 5.16%, and the nuclear power sales volume was 179.012 billion kilowatt-hours, up 7.15% year-on-year [2] Cost and Pricing Factors - The average market electricity price in 2024 decreased by approximately 3.85% compared to 2023, impacting revenue growth [2] - The operating costs for the nuclear power sales business increased by 9.85% year-on-year, primarily due to increased electricity generation and rising costs of nuclear fuel and depreciation [2] Future Capacity and Projects - As of December 31, 2024, the company managed 16 nuclear power units under construction, with several projects at various stages of development, expected to be operational between 2025 and 2030 [3] - The company anticipates further increases in operational capacity with the addition of new projects [3] Cash Flow and Dividends - The company's cash flow improved, with net cash flows from operating, investing, and financing activities changing by +14.78%, +61.19%, and -5.84% respectively [3] - A cash dividend of 0.95 yuan per 10 shares (before tax) was declared, totaling 4.797 billion yuan, which represents 44.36% of net profit, maintaining stability compared to 2023 [3] Profit Forecast and Valuation - The company is projected to achieve net profits of 10.9 billion, 11.3 billion, and 12.1 billion yuan for 2025-2027, with year-on-year changes of +0.35%, +3.74%, and +7.29% respectively [4] - The corresponding price-to-earnings ratios for April 2, 2025, are estimated to be 16.94, 16.33, and 15.22 times [4]

Core Viewpoint - The company reported a revenue of 86.804 billion yuan for 2024, reflecting a year-on-year increase of 5.16%, while the net profit attributable to shareholders was 10.814 billion yuan, up by 0.83% [1] Group 1: Financial Performance - In Q4 2024, the company achieved a revenue of 24.534 billion yuan, representing a year-on-year growth of 8.05%, but the net profit attributable to shareholders decreased by 18.98% to 0.830 billion yuan [1] - The company's operating costs for electricity sales in 2024 were 37.186 billion yuan, an increase of 9.85%, which outpaced the revenue growth of the electricity sales business [2] Group 2: Operational Capacity - As of the end of 2024, the company managed 28 operational nuclear power units with a total capacity of 31,798 megawatts, marking a year-on-year increase of 4.02% [2] - The company’s subsidiaries and joint ventures achieved a total electricity generation of 227.284 billion kilowatt-hours in 2024, up by 6.13% year-on-year [2] Group 3: Future Growth Prospects - The company has 16 nuclear power units under construction, an increase of 5 units from the previous year, ensuring long-term capacity growth [3] - The company forecasts net profits attributable to shareholders of 10.914 billion, 11.633 billion, and 12.817 billion yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 17.17, 16.11, and 14.62 [3]

Investment Rating - The investment rating for China General Nuclear Power Corporation (003816.SZ) is "Outperform the Market" [5]. Core Views - The company's revenue for 2024 is projected to be 86.804 billion yuan, a year-on-year increase of 5.16%, while the net profit attributable to shareholders is expected to reach 10.814 billion yuan, growing by 0.83% [8][21]. - The company is experiencing growth in power generation, with a total output of 242.181 billion kWh in 2024, reflecting a 6.08% increase, despite a decline in average on-grid electricity prices and rising costs [8][19]. - The development of nuclear power units is proceeding in an orderly manner, with a total of 16 units under construction or approved for construction by the end of 2024, indicating a high certainty for the long-term development of the nuclear power business [2][19]. Summary by Sections Financial Performance - In 2024, the company's nuclear power business revenue is expected to be 65.932 billion yuan, accounting for 75.96% of total revenue, with a year-on-year growth of 5.46% [8]. - The average on-grid electricity price for 2024 is projected to be 0.4162 yuan/kWh, a decrease of 1.57% compared to the previous year [8]. - The cost per kWh for nuclear power is estimated at 0.2077 yuan, an increase of 0.0051 yuan from the previous year [8]. Future Projections - For 2025, the company anticipates a decline in net profit to 10.473 billion yuan, a decrease of 3% year-on-year, due to expected lower electricity prices [21]. - The projected revenue for 2025 is 88.784 billion yuan, with a growth rate of 2.3% [4][21]. - The company expects to maintain a steady increase in net profit in the following years, with estimates of 11.226 billion yuan in 2026 and 12.037 billion yuan in 2027 [21]. Operational Developments - The company has received approval for five nuclear power projects, totaling 11 units, with significant progress in construction schedules [2][19]. - The operational management of nuclear power units is expected to continue to grow, with new units coming online in the coming years [2][19].

Market Overview - The Shanghai Composite Index rose by 0.05% on April 2, with 18 out of 28 sectors experiencing gains, led by textiles and apparel (1.45%) and beauty and personal care (1.01%) [1] - The sectors with the largest declines were defense and military (1.17%) and non-ferrous metals (0.87%), with public utilities ranking third in terms of decline [1] Capital Flow Analysis - The main capital flow showed a net outflow of 8.051 billion yuan across the two markets, with 9 sectors seeing net inflows [1] - The non-bank financial sector led with a net inflow of 1.787 billion yuan and a daily increase of 0.58%, followed by the telecommunications sector with a net inflow of 963 million yuan and a daily increase of 0.97% [1] - A total of 22 sectors experienced net outflows, with the pharmaceutical and biological sector leading with a net outflow of 2.759 billion yuan, followed by the electronics sector with a net outflow of 2 billion yuan [1] Public Utilities Sector Performance - The public utilities sector declined by 0.80% with a net outflow of 1.09 billion yuan, comprising 132 stocks, of which 20 rose and 106 fell [2] - Among the stocks in this sector, 44 saw net inflows, with the top three being Shaoneng Co. (39.724 million yuan), Guangdong Electric Power A (27.7136 million yuan), and Hunan Development (20.6605 million yuan) [2] - The stocks with the highest net outflows included China General Nuclear Power (1.399735 billion yuan), Qianyuan Electric Power (1.218559 billion yuan), and China Nuclear Power (1.042745 billion yuan) [2] Public Utilities Sector Capital Inflow Rankings - The top stocks by capital inflow included: - Shaoneng Co. with a rise of 3.67% and a turnover rate of 17.31%, net inflow of 39.724 million yuan [3] - Guangdong Electric Power A with a rise of 1.95% and a turnover rate of 3.20%, net inflow of 27.7136 million yuan [3] - Hunan Development with a rise of 10.00% and a turnover rate of 0.70%, net inflow of 20.6605 million yuan [3] Public Utilities Sector Capital Outflow Rankings - The stocks with the highest capital outflows included: - China General Nuclear Power with a decline of 1.89% and a turnover rate of 0.44%, net outflow of 139.9735 million yuan [4] - Qianyuan Electric Power with a decline of 4.70% and a turnover rate of 6.81%, net outflow of 121.8559 million yuan [4] - China Nuclear Power with a decline of 0.96% and a turnover rate of 0.37%, net outflow of 104.2745 million yuan [4]