CGN Power Surges Over 6% in Morning Trading as Q2 Net Profit Attributable to Parent Climbs 15.06% Year-on-Year

Deep News
Yesterday

CGN Power (01816) experienced a notable surge of over 6% in early trading on Thursday. As of the time of writing, the company's share price had advanced 6.17% to HK$3.01, with trading turnover reaching HK$131 million.

The company released its interim results for the 2026 fiscal year, reporting operating revenue of approximately RMB 31.483 billion, a decline of 2.8% year-on-year. Net profit attributable to shareholders of the parent company stood at around RMB 6.105 billion, representing a year-on-year increase of 2.7%.

Looking specifically at the second quarter, the company's single-quarter main business revenue reached RMB 15.164 billion, up 11.79% year-on-year, while single-quarter net profit attributable to the parent was RMB 3.364 billion, reflecting a robust 15.06% year-on-year growth.

As of June 30, 2026, the group operated and managed a total of 30 nuclear power units in operation, with an installed capacity of 34,248 megawatts. The company achieved on-grid electricity volume of 109.597 billion kilowatt-hours, down 3.32% year-on-year. This on-grid electricity volume is equivalent to reducing carbon dioxide emissions by approximately 101.2677 million tonnes compared with coal-fired power generation. Among this total, subsidiary companies achieved on-grid electricity volume of 87.254 billion kilowatt-hours, a year-on-year decrease of 2.25%.

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