CGN Power Co Class H ( (CGNWF) ) has released its Q2 earnings. Here is a breakdown of the information CGN Power Co Class H presented to its investors.
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CGN Power Co., Ltd. is a joint stock company based in the People’s Republic of China, primarily engaged in the production and supply of electricity and heat generated from nuclear energy, along with related technical services. The company operates within the energy sector, focusing on nuclear power generation.
CGN Power Co., Ltd. recently released its interim results for the first half of 2025, reporting a slight decrease in operating revenue and a more significant drop in net profit attributable to shareholders compared to the same period in 2024. Despite these declines, the company managed to increase its on-grid power generation, reflecting its operational stability and commitment to reducing carbon emissions.
Key financial highlights include a 0.5% decrease in operating revenue to approximately RMB39,167.2 million and a 16.3% decline in net profit attributable to shareholders, totaling RMB5,951.8 million. The company also reported an increase in on-grid power generation by 6.93% over the previous year, demonstrating growth in its core operations. Additionally, CGN Power managed 28 nuclear power units in operation and 20 under construction, indicating ongoing expansion efforts.
Looking ahead, CGN Power Co., Ltd. remains focused on its strategic initiatives, including the construction of new nuclear power units and technological improvements in existing operations. The company aims to maintain stable operations and continue contributing to China’s energy security and carbon reduction goals, while navigating the challenges of the financial market and economic environment.