CGN Power Co Class H ( (CGNWF) ) has released its Q1 earnings. Here is a breakdown of the information CGN Power Co Class H presented to its investors.
CGN Power Co., Ltd. is a leading company in the nuclear power industry, primarily engaged in the operation and management of nuclear power stations in China. The company is known for its significant contributions to the energy sector, particularly in nuclear power generation.
In its first quarterly report of 2025, CGN Power Co., Ltd. reported a slight increase in operating revenue, driven by a rise in on-grid power generation. However, the company faced challenges with a decline in net profit attributable to shareholders, reflecting a complex market environment.
Key financial metrics showed a 4.41% increase in operating revenue compared to the same period last year, reaching approximately RMB 20.028 billion. Despite this, net profit attributable to shareholders decreased by 16.07%, amounting to RMB 3.026 billion. The company’s net cash flows from operating activities also saw a significant decline of 64.88%, attributed to reduced cash revenue from construction and installation businesses.
Strategic announcements included the acquisition of Taishan No. 2 Nuclear Power, which became a wholly-owned subsidiary, and the approval for issuing A share convertible corporate bonds. These moves are part of CGN Power’s ongoing efforts to strengthen its market position and financial stability.
Looking ahead, CGN Power Co., Ltd. remains focused on enhancing its operational efficiency and expanding its nuclear power capacity. The management is optimistic about the future, aiming to navigate the challenges of fluctuating power prices and increased market competition while continuing to deliver sustainable growth.