Core Viewpoint - China Nuclear Power Co., Ltd. (China Nuclear Power) reported steady growth in its Q3 2025 results, achieving operating revenue of 61.635 billion yuan and a net profit of 8.002 billion yuan despite a challenging market environment [1] Group 1: Financial Performance - In the first three quarters of 2025, China Nuclear Power achieved an operating revenue of 61.635 billion yuan and a net profit attributable to shareholders of 8.002 billion yuan [1] - The total power generation from controlled nuclear power units reached 151.008 billion kWh, representing a year-on-year increase of 11.33% [1] - The cumulative on-grid electricity volume was 141.283 billion kWh, with a year-on-year growth of 11.44%, indicating steady improvement in power generation efficiency [1] Group 2: Operational Efficiency - The company has effectively managed challenges such as periodic unit maintenance, ensuring that nuclear power units quickly return to full-load operation after planned maintenance [1] - Key equipment operation and maintenance levels have continuously improved, with core power station operational efficiency remaining among the industry's best [1] Group 3: Project Development - Ongoing projects are progressing steadily, with the construction of the nuclear island for the Zhejiang Jin Qimen Nuclear Power Unit 1 fully underway [2] - The Zhangzhou Nuclear Power Unit 2 has successfully entered the fuel loading and testing phase, expected to commence operations in Q4 2025, providing substantial support for future performance growth [1] Group 4: Renewable Energy Initiatives - The company is actively expanding its footprint in the renewable energy sector, particularly in solar and wind power, to support the achievement of carbon neutrality goals [2] - In the first three quarters, the cumulative power generation from controlled renewable energy units reached 33.356 billion kWh, with a year-on-year increase of 34.77% [2] - The cumulative on-grid electricity from renewable sources was 32.812 billion kWh, reflecting a year-on-year growth of 34.82% [2] Group 5: Strategic Investments - In July, China Nuclear Power participated in the capital increase of China Fusion Energy Co., Ltd., investing 1 billion yuan for a 6.65% stake, contributing to a total capital injection of approximately 11.5 billion yuan [2] - This investment aligns with the national nuclear energy development strategy and positions the company to capture future energy technology advancements, laying the foundation for long-term stable economic returns [2]