Core Viewpoint - China General Nuclear Power Corporation (CGN) reported an increase in total electricity generation and grid-connected electricity for the year 2025, indicating steady operational growth in its nuclear power segment [1] Group 1: Operational Performance - The total electricity generation from nuclear power units managed by the company is approximately 2470.13 billion kWh for the year 2025, representing a growth of 2.00% compared to the previous year [1] - The total grid-connected electricity is approximately 2326.48 billion kWh for the year 2025, reflecting a growth of 2.36% year-on-year [1] Group 2: Maintenance and Upgrades - In the fourth quarter of 2025, the company successfully completed four annual refueling outages as planned [1] - By December 31, 2025, the company had completed a total of 16 annual refueling outages (including one cross-year outage), two ten-year overhauls, and one first-time overhaul [1] - In the first quarter of 2026, the company plans to initiate four new annual refueling outages and three ten-year overhauls in addition to ongoing refueling outages [1] Group 3: Construction Progress - On November 18, 2025, the construction of Unit 1 in Zhaoyuan commenced, entering the civil construction phase [1] - On November 19, 2025, the construction of Unit 3 in Cangnan began, also entering the civil construction phase [1] - On December 16, 2025, the construction of Unit 6 in Ningde started, entering the civil construction phase [1] - On December 22, 2025, the construction of Unit 2 in Lufeng began, entering the civil construction phase [1] - As of December 31, 2025, the company manages a total of 20 nuclear power units under construction, with four in the commissioning phase, two in the equipment installation phase, seven in the civil construction phase, and seven in the FCD preparation phase [1]
中广核电力2025年总上网电量约为2326.48亿千瓦时 同比增长2.36%