Chang Jiang Shang Bao·2025-12-18 01:20Core Viewpoint - The acceleration of China's green and low-carbon energy transition is highlighted by the commencement of full construction of the Ningde Unit 6 nuclear power plant by China General Nuclear Power Corporation (CGN) [1][2]. Group 1: Nuclear Power Plant Developments - The Ningde Unit 6 has entered the civil construction phase as of December 16, 2025, marking the start of its full construction [2]. - Since 2025, CGN has announced the full construction of three nuclear power units with a total installed capacity of 3669 MW, all utilizing the Hualong One nuclear technology [1][3]. - The Ningde nuclear project is planned to have six million-kilowatt nuclear units, implemented in two phases, with Units 5 and 6 approved for construction on July 31, 2023 [3]. Group 2: Hualong One Technology - The Hualong One technology is a third-generation nuclear power technology with independent intellectual property rights, developed based on over 30 years of experience in nuclear power station design, construction, and operation in China [5]. - Each Hualong One unit has an annual electricity generation capacity of nearly 10 billion kilowatt-hours, equivalent to reducing coal consumption by over 3.05 million tons and cutting CO2 emissions by over 9.24 million tons [5]. Group 3: Industry Growth and Regulatory Approvals - The National Energy Administration announced that 10 new nuclear power units have been approved for construction, with a total of 112 units in operation or under construction, and a total installed capacity of 125 million kilowatts [4]. - CGN is actively preparing for the construction of the newly approved units, which also utilize Hualong One technology, with capacities ranging from 1200 MW to 1208 MW for different units [4]. Group 4: Financial Performance - In the first three quarters of 2025, CGN reported a revenue of 59.723 billion yuan, a decrease of 4.09% year-on-year, and a net profit attributable to shareholders of 8.576 billion yuan, down 14.14% year-on-year [6]. - Despite the decline in revenue and profit, the total electricity generated by CGN's operational nuclear units increased by 3.17% year-on-year, indicating growth in operational efficiency [6]. Group 5: Leadership Changes - High Li Gang, the former president of CGN, has retired, and Pang Songtao has been appointed as the new president, bringing over 30 years of experience in the nuclear power industry [9].