Mei Ri Jing Ji Xin Wen·2025-08-28 02:42Core Viewpoint - China General Nuclear Power Corporation (CGN) reported a decline in revenue and net profit for the first half of 2025, primarily due to a drop in average market electricity prices [1] Group 1: Financial Performance - In the first half of 2025, CGN achieved operating revenue of 39.167 billion yuan, a year-on-year decrease of 0.53% [1] - The net profit attributable to shareholders was 5.952 billion yuan, down 16.30% year-on-year [1] - The average market electricity price fell by approximately 8.23% compared to the same period in 2024, impacting overall performance [2] Group 2: Electricity Generation and Sales - CGN's operational nuclear power units generated 113.36 billion kWh of electricity, an increase of 6.93% year-on-year [2] - The total electricity sales revenue was approximately 30.658 billion yuan, a slight increase of 0.93%, accounting for 78.27% of total operating revenue [2] - Market-based electricity sales accounted for about 56.1% of total electricity generation, up 3.7 percentage points year-on-year [2] Group 3: Asset Acquisition - CGN announced plans to acquire four nuclear power companies from its controlling shareholder, China General Nuclear Group, including an 82% stake in Huizhou Nuclear Power [4] - The transfer price for the 82% stake in Huizhou Nuclear Power is set at 8.023 billion yuan, while the stakes in the other three companies are priced at zero [4] - This acquisition aligns with CGN's strategy to consolidate its nuclear power business and avoid competition within the group [5] Group 4: Future Plans - CGN aims to enhance its electricity marketing strategies and prepare for the 2026 electricity market transactions [2] - The company plans to continue high-quality construction of nuclear power units and push forward with projects that have received approval [3]