CNNP(SH:601985) Chang Jiang Shang Bao·2025-05-14 08:57Core Viewpoint - China Nuclear Power (601985.SH) has announced a share repurchase plan, reflecting confidence in its future development and commitment to enhancing investor trust [1][2]. Group 1: Share Repurchase Plan - The company plans to repurchase shares through centralized bidding, with a total amount between 300 million and 500 million yuan, and a maximum repurchase price of 13.98 yuan per share [1]. - Based on the lower limit of 300 million yuan, approximately 21.46 million shares will be repurchased, accounting for about 0.10% of the total share capital; at the upper limit of 500 million yuan, around 35.77 million shares will be repurchased, accounting for about 0.17% of the total share capital [1]. - The funding for the repurchase will come from the company's own funds and self-raised funds, with a loan commitment from China Bank for up to 450 million yuan to support the share buyback [1]. Group 2: Financial Performance - In Q1 of this year, the company achieved revenue of 20.273 billion yuan, a year-on-year increase of 12.70%, and a net profit of 3.137 billion yuan, up 2.55% year-on-year [2]. - The nuclear power business showed strong performance, with revenue growth of 10.46% and net profit growth of 11.52% year-on-year [2]. - The company's renewable energy segment is also expanding rapidly, with revenue growth of 24.64% in Q1, significantly outpacing overall revenue growth [2]. Group 3: Asset Growth - As of the end of Q1, the company's total assets reached 687.7 billion yuan, an increase of 4.24% from the beginning of the year, while equity attributable to shareholders grew by 3.11% to 113.6 billion yuan [3]. - The company has 207.8 billion yuan in construction projects, indicating a concentrated phase of project development in nuclear and renewable energy sectors [3].