消息上，高盛称，随着全球核能产业发展的最新动态，铀价不仅将在未来几年飙升，而且极有可能成为"下一个黄金"，认为日益扩大的结构性供应短缺将成 为推动价格上涨的核心动力。高盛预测，到2026年底，现货铀价格预计将升至每磅91美元左右，与目前的约76美元相比，意味着至少有约20%的上涨空间。 高盛等国际大行的看多报告，会强化全球资本市场对铀行业进入长期结构性缺口的共识，吸引更多长期资金关注铀矿板块，有利于中广核矿业这样的龙头公 司获得估值溢价。 中广核矿业(1164.HK)继续上涨6%，4日连涨超15%，报3.38港元，总市值257亿港元。 ...

高盛策略师Brian Lee在最新的"Nuclear Nuggets"报告中预测，到2026年底，现货铀价格预计将升至每磅 91美元左右，与目前的约76美元相比，意味着至少有约20%的上涨空间。尽管不同的机制驱动着现货和 长期合约市场，但该行认为2026年这两个市场的价格均面临上行风险，长期合约价格自8月以来已从每 磅80美元上涨至86美元。 高盛称，随着全球核能产业发展的最新动态，铀价不仅将在未来几年飙升，而且极有可能成为"下一个 黄金"，认为日益扩大的结构性供应短缺将成为推动价格上涨的核心动力。 高盛认为，这种长期的结构性短缺（高达32%）预计将导致价格的大幅上涨。 全球核能建设加速驱动需求 报告称，支撑这一看涨观点的核心数据在于供需缺口的急剧扩大。高盛的模型显示，2025年至2035年 间，铀的累计供应缺口约为13%，而这一数字在2025年至2045年间将进一步扩大至32%。这一巨大的供 需失衡主要源于全球范围内新反应堆建设规划的加速，以及现有反应堆延寿带来的需求增加。 高盛指出，市场已经开始反映这一长期需求的变化。11月的长期合约签约量显著回升，这被视为新一轮 签约周期开启的信号。尽管2024年至今的 ...

证券日报网讯 12月4日，中国核电在互动平台回答投资者提问时表示，公司将坚持核能主业，大力推动 核能发电、核能多用途利用以及核电技术服务相关产业发展，同时结合市场环境与相关政策，科学确定 新能源发展规划目标，全力推动实现高质量发展。 （编辑 楚丽君） ...

Group 1 - The company held its fourth meeting of the sixth board of directors on August 21, 2025, with all nine directors present, and the meeting was conducted in accordance with relevant laws and regulations [2][4] - The board approved the investment in the Qingdao Nuclear Power Equipment Capacity Enhancement Project, with an estimated fixed asset investment of 206.8 million yuan [3][10] - The board also approved the investment in the Xinjiang Lanshi Industrial Park Supporting Facilities Project, with a planned total investment of 16 million yuan [5][21] Group 2 - The Qingdao Nuclear Power Equipment Capacity Enhancement Project aims to address existing site and equipment bottlenecks and enhance the company's manufacturing capabilities for high-end nuclear power equipment [11][15] - The project will involve the construction of new heavy-duty plants and the acquisition of core equipment, with a total investment of 206.8 million yuan and an expected internal rate of return of 14.0% [15] - The project is expected to be completed by the end of 2026, providing a stable supply for the company's nuclear energy business and enhancing its competitive position in the industry [16] Group 3 - The Xinjiang Lanshi Industrial Park Supporting Facilities Project will involve the construction of a comprehensive research and development building with a total investment of 16 million yuan [20][27] - The project aims to strengthen the company's innovation capabilities and support its transition from manufacturing to intelligent and creative production [29] - The project is expected to be completed by the end of 2025, and the funding will be sourced from the company's own funds, ensuring no significant impact on the company's normal operations [28][30]

Core Viewpoint - China General Nuclear Power Corporation (CGN) reported a revenue of 86.804 billion yuan for 2024, a year-on-year increase of 5.16%, with a net profit of 10.814 billion yuan, up 0.83% [1] Financial Performance - The company plans to distribute a cash dividend of 0.95 yuan per 10 shares (including tax) [1] - The growth rate of net profit is lower than that of revenue due to a significant increase in the online electricity volume of subsidiaries with lower shareholding ratios, while those with higher ratios saw a decline [1] Operational Capacity - CGN managed a total online electricity volume of 227.284 billion kWh in 2024, accounting for 54.38% of the national nuclear power online electricity volume [2] - As of the end of 2024, CGN operated 28 nuclear power units and had 16 under construction, with installed capacities of 31,798 MW and 19,406 MW, respectively, representing 45.02% of the national total [2] - The company expects a steady increase in operational capacity as new units are commissioned, with the Huizhou units expected to be operational by 2025 and 2026 [2] Project Development - In 2024, CGN received national approval for six nuclear power units and is preparing for projects approved in 2023 and 2024 [3] - The company anticipates capital expenditures of 21.168 billion yuan in 2024, potentially doubling in 2025 if project preparations are sufficient [3] - Approximately 70% of the funding for projects will be sourced through loans, with efforts to reduce financing costs and maintain a reasonable debt ratio [3] Market Dynamics - The average market electricity price for CGN's operational nuclear units decreased by about 3.85% compared to 2023 due to overall market price declines [4] - In 2025, CGN plans to have 10 nuclear units in Guangdong participate in market trading, with an estimated market trading volume of 27.3 billion kWh [4] - The company has locked in approximately 32.1 billion kWh of monthly trading electricity in Guangdong, with market prices in Guangxi and Guangdong lower than the previous year [5]