Express News | CICC: In the medium to long term, the opportunities outweigh the risks in the medium to long term, and may still be dominated by structural opportunities in the short term
Express News | CITIC Construction Investment: The power equipment sector excels and has entered a long boom cycle
Cathay Pacific Junan: 24Q1 Thermal Power Profits Continue to Repair Scenery and Performance Differentiation
1Q24 thermal power and transformation sector performance continued to recover, new energy performance was divided, and hydropower and nuclear power grew steadily.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
CGN and EDF sign letter of intent for cooperation
GLONGHUI, May 8 | CGN News, on May 6, local time, CGN Chairman Yang Changli and EDF Chairman and CEO Luc Raymond signed a “Letter of Intent on Deepening Cooperation in the Field of Nuclear Energy”. The two sides will further expand and strengthen cooperation in nuclear power project construction, talent development, EPR operation, and leadership development in the field of nuclear power operation to achieve common development.
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
China Telecommunication Union: In the first quarter, electricity trading centers across the country organized a total of 1424.84 billion kilowatt-hours and an increase of 7.7% year-on-year
On April 30, the China Telecommunication Union released a summary of the national electricity market transactions from January to March 2024.
Bank of China International: Reiterates CGN Power's (01816) “Buy” Rating Target Price Increase to HK$3.2
Based on CGN's potential to double its installed capacity in the next ten years, the bank raised the target price of CGN electricity to HK$3.2, reaffirming the “buy” rating.
CGN Power (1816.HK): Performance is in line with expectations, steady growth with low waves
Introduction to this report: The company's 1Q24 performance improvement mainly benefited from improved expenses and increased return on investment; performance constraints were weakened, and growth was sustainable. Summary: Maintaining the “Overweight” Rating: Maintaining EPS 2024-2026
China General Nuclear Power Company (003816): Performance is in line with expectations and has both steady growth
Introduction to this report: 1Q24 performance growth is related to cost improvements and increased return on investment; the company has both steady and growing, and the growth is impressive. Investment Highlights: Maintaining an “Overweight” Rating: The company's growth continues to be considerable, maintaining 2024
CGN Power (01816): Shareholder Hengjian Investment completed the issuance of non-public exchangeable corporate bonds
According to the Zhitong Finance App, CGN Power (01816) issued an announcement stating that Guangdong Hengjian Investment Holdings Co., Ltd. (Hengjian Investment), a shareholder holding 5% or more of the company's shares, plans to issue non-public exchangeable corporate bonds using some of the company's A-shares as the target. The company recently received a notice from Hengjian Investment. The issuance of this exchangeable corporate bond was completed on April 25, 2024. The bond is “24 Hengjian EB” for short, and the bond code is “117221.SZ”. The actual issuance scale is 2 billion yuan. The bond period is 3 years, and the coupon interest rate is 0.01%. The initial exchange of shares in this exchangeable bond
China General Nuclear Power (003816): Growth slowed in the first quarter due to increased overhauls, and the Taishan unit resumed normal operation
The construction and security business contributed to revenue growth, and net profit growth to mother slowed down due to increased overhauls. In the first quarter of 2024, the company achieved revenue of 19.182 billion yuan (+4.88%), mainly the same revenue from the building installation and design service business
Huayuan Securities released a research report on April 25 stating that it gave China General Nuclear Power (003816.SZ) a purchase rating. The main reasons for the rating include: 1) the profit of the power business is in line with expectations, and financ
Huayuan Securities released a research report on April 25 stating that it gave China General Nuclear Power (003816.SZ) a purchase rating. The main reasons for the rating include: 1) the profit of the power business is in line with expectations, and financial expenses have dropped significantly; 2) the maintenance of Taishan Unit 1 has been completed, and Fangchenggang Unit 4 will be put into operation within the year, and the company's performance is expected to increase rapidly in 2024; 3) The company's nuclear power installations are expected to maintain steady growth in 2024-2030; 4) The company promises that the dividend rate will continue to increase. It is recommended to focus on the company's dividend rate value. (Each
CGN Power's Profit Up 3% in Q1
CGN Power (HKG:1816) recorded a 3% rise in attributable profit for the quarter ended March 31 to 3.6 billion yuan from 3.49 billion yuan in 2022, a Wednesday filing on the Hong Kong bourse stated. Ear
Research Nuggets丨Shen Wan Hongyuan: China General Nuclear's performance combines stability and growth, maintaining a “buy” rating
Gelonghui, April 25 | According to Shenwan Hongyuan's research report, China General Nuclear Power (003816.SZ)'s net profit attributable to shareholders of listed companies in the first quarter was 3.64 billion yuan, an increase of 3.38% over the previous year, and the performance was in line with our expectations. On April 9, Unit 4 of the Guangxi Fangchenggang Nuclear Power Plant was successfully connected to the grid for the first time, indicating that the unit has power generation capacity and is expected to be put into operation in the first half of the year. The capacity factor of Unit 3 of the Fangchenggang Nuclear Power Plant reached 98.2% in 2023. I am optimistic that Unit 4 will maintain high operating efficiency after it is put into operation, driving the company's performance to continue to grow. The company has entered a period of intensive construction and installation
China General Nuclear Power (003816): Performance is in line with expectations, new crew performance flexibility will soon be released
Investment highlights: Event: The company released its report for the first quarter of 2024. The 1Q24 company achieved operating income of 19.182 billion yuan, an increase of 4.88% over the previous year, and net profit attributable to shareholders of listed companies of 3.64 billion yuan.
UBS: “Neutral” rating for CGN Power (01816) Q1 recurring net profit is basically in line with the bank's and market expectations
The overall feed-in electricity volume of CGN Power (01816) in the first quarter increased by 2% per year, and revenue increased by 5% per year.
China General Nuclear Power (003816): Taishan Electricity Recovery Prevention 4 is about to be listed
Event Overview: On April 24, the company released its report for the first quarter of 2023. During the reporting period, it achieved operating income of 19.182 billion yuan, an increase of 4.88% over the previous year; net profit to mother was 3.64 billion yuan, an increase of 3.3 billion yuan over the previous year
Minsheng Securities released a research report on April 25 stating that it gave China General Nuclear Power (003816.SZ) a recommended rating. The main reasons for the rating include: 1) the restoration of electricity capacity in Taishan to the 1Q21 level;
Minsheng Securities released a research report on April 25 stating that it gave China General Nuclear Power (003816.SZ) a recommended rating. The main reasons for the rating include: 1) the restoration of electricity capacity in Taishan to the 1Q21 level; 2) the reduction in tax rebates to offset fee cuts and credit impairment. (Mainichi Keizai Shimbun)
Changes in Hong Kong stocks | CGN Power (01816) rose more than 4%, profit increased sharply in the first quarter, and overall electricity volume remained stable
The Zhitong Finance App learned that CGN Power (01816) rose by more than 4%. As of press release, it had risen 4.17% to HK$2.75, with a turnover of HK$128 million. According to the news, CGN Electric Power released its report for the first quarter of 2024, with operating revenue of 19.182 billion yuan (RMB, same below), up 4.88% year on year; net profit attributable to shareholders of listed companies was 3.64 billion yuan, up 3.38% year on year. During the reporting period, the total feed-in capacity of nuclear power units operated and managed by the Group was about 51,814 billion kilowatt-hours, an increase of 1.83% over the same period last year; the company's holding subsidiary
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