Ge Long Hui A P P·2025-08-29 08:27Core Viewpoint - China General Nuclear Power Corporation (CGN) experienced a 16% decline in net profit attributable to shareholders in the first half of 2024, impacted by market-driven electricity prices and increased fuel component costs [1] Group 1: Financial Performance - In 1H2024, CGN completed 10 scheduled refueling outages, totaling approximately 523 days [1] - The electricity generation from Daya Bay Nuclear Power, Lingdong Nuclear Power, and Fangchenggang Nuclear Power (Unit 4) increased by 39.78%, 11.80%, and 33.85% year-on-year, respectively [1] - In 1H2025, the subsidiary's electricity generation grew by 8.84% compared to the same period last year [1] Group 2: Future Outlook - In 2Q2025, the subsidiary's electricity generation increased by 4.0% year-on-year, with Daya Bay and Fangchenggang showing significant growth of 51.5% and 12.6%, respectively [1] - The nuclear power reserve projects are abundant, with Unit 1 in Huizhou expected to commence operations in the second half of the year [1] - As of 1H2025, the company manages 28 operational nuclear power units and 20 under construction, including 8 units under entrusted management, indicating a strong project reserve [1]