CGN POWER (1816) investor relations material

Executive summary

• Q1 2026 revenue was RMB 16.32 billion, down 13.25% year-over-year, mainly due to lower on-grid power generation and market tariffs.

• Net profit attributable to shareholders was RMB 2.74 billion, a 9.33% decrease year-over-year.

• Total nuclear power generation for the group fell 10.11% year-over-year to 50.96 billion kWh.

• The company operates 28 nuclear units with 20 under construction, totaling 56.06 GW installed capacity as of March 31, 2026.

• The company continues to focus on safety, operational excellence, and green energy development.

Financial highlights

• Operating cash flow increased 44.18% year-over-year to RMB 3.48 billion, mainly due to reduced nuclear fuel procurement payments.

• Basic EPS was RMB 0.054, down from RMB 0.060 in Q1 2025; diluted EPS was RMB 0.052, down 13.33%.

• Total assets at March 31, 2026 were RMB 530.29 billion, up 4.87% from year-end 2025.

• Equity attributable to shareholders rose 2.22% to RMB 125.92 billion.

• Net profit margin and ROE both declined compared to the previous year.

Outlook and guidance

• Dividend of RMB 0.86 per 10 shares for 2025 was approved, with payment expected around July 10, 2026, subject to AGM approval.

• Lower electricity demand and market prices are expected to continue impacting revenue and profit.

• Focus on safe and stable operation of all in-service units, aiming for maximum and full load generation.

• High-quality construction of ongoing projects and groundwork for new projects prioritized.

• Plans to promote acquisition of nuclear power assets from the controlling shareholder.