CNNP(SH:601985) Xin Lang Cai Jing·2026-01-07 18:15Core Viewpoint - The announcement details the operational performance and future plans of China Nuclear Power Co., highlighting significant growth in both nuclear and renewable energy generation for 2025 and setting ambitious targets for 2026 [1][6]. Nuclear Power Section - As of December 31, 2025, the company operated 26 nuclear power units with a total installed capacity of 25,000 MW, which increased to 27 units and 26,212 MW with the commissioning of the Zhangzhou Nuclear Power Unit 2 on January 1, 2026 [1]. - The total nuclear power generation for 2025 was 200.807 billion kWh, a year-on-year increase of 9.66%, with grid electricity reaching 187.847 billion kWh, up 9.69% [3]. - Specific performance variations included a decrease in generation at Qinshan and Sanmen nuclear plants due to increased maintenance days, while Jiangsu and Hainan plants saw increases due to reduced maintenance [3]. Renewable Energy Section - By December 31, 2025, the company had an operational renewable energy capacity of 33,641 MW, comprising 10,627 MW from wind and 23,014 MW from solar, along with 1,651 MW from independent energy storage [2]. - The total renewable energy generation for 2025 was 43.623 billion kWh, reflecting a 31.29% year-on-year increase, with wind and solar generation increasing by 27.42% and 34.53%, respectively [4][5]. 2026 Generation Targets and Risk Management - The company set a target of 259.2 billion kWh for total generation in 2026, with nuclear power expected to contribute 210 billion kWh and renewable energy 49.2 billion kWh [6]. - The company plans 15 major maintenance operations for its nuclear units in 2026, with specific quarterly targets for completion [6]. - Identified risks include unplanned power reductions, grid peak regulation impacts, and renewable equipment defects, with strategies in place to mitigate these risks through improved operational management and maintenance practices [6].