Xin Lang Cai Jing·2025-10-31 02:04Core Viewpoint - China General Nuclear Power Corporation (CGN) has experienced a decline in stock price and financial performance, with a notable decrease in revenue and net profit year-on-year, indicating potential challenges in the nuclear power sector [1][2]. Financial Performance - As of September 30, 2025, CGN reported operating revenue of 59.723 billion yuan, a year-on-year decrease of 4.09% [2]. - The net profit attributable to shareholders was 8.576 billion yuan, reflecting a year-on-year decline of 14.10% [2]. - Year-to-date stock price has decreased by 1.36%, with a slight decline of 0.25% over the last five trading days, but a notable increase of 9.64% over the last 20 days and 8.15% over the last 60 days [1]. Shareholder Information - The number of shareholders as of September 30, 2025, was 228,200, a decrease of 3.46% from the previous period [2]. - The average number of circulating shares per shareholder increased by 3.61% to 174,612 shares [2]. - CGN has distributed a total of 26.057 billion yuan in dividends since its A-share listing, with 13.938 billion yuan distributed in the last three years [3]. Stockholder Composition - As of September 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 7.487 billion shares, a decrease of 621 million shares from the previous period [3]. - Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF were among the top ten circulating shareholders, with respective holdings of 134 million shares and 96.822 million shares, both showing a decrease compared to the previous period [3]. Business Overview - CGN is primarily engaged in the construction, operation, and management of nuclear power plants, with electricity sales accounting for 78.27% of its main business revenue [1]. - The company is classified under the public utility sector, specifically in electricity and nuclear power generation [1].