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Guolian: Computing power and Electrical Utilities rise together, with a high increase in demand for AI power supply equipment.
The large-scale capital expenditure wave of leading Internet Plus-Related companies is diffusing from overseas to domestic markets, and the rapid growth in computing power demand is expected to bring a corresponding increase in Datacenter power.
Research Reports Gold Digging │ CICC: Maintain CGN Power Co.,Ltd. "Outperform Industry" rating, while the investment value of Nuclear Power highlights stable growth and dividend potential in the medium to long term.
China International Capital Corporation's research report indicates that CGN Power Co., Ltd. (003816.SZ) has released the operational situation for the fourth quarter of 2024: the total on-grid electricity in 2024 is expected to increase by 6.1% year-on-year to 227.3 billion kilowatt-hours; the total on-grid electricity for Q4 2024 is expected to increase by 9.5% year-on-year to 60.4 billion kilowatt-hours. So far, the company has signed contracts for 32 billion kilowatt-hours of market trading electricity for 2025, with the price approaching the All Market trading average of about 0.392 yuan/kilowatt-hour, paying a variable cost compensation of 0.04 yuan/kilowatt-hour (which is 85% of the price difference between the approved thermal power price of 0.463 yuan and the approved average Nuclear Power price of 0.415 yuan), resulting in a price of about 0.352 yuan/kilowatt-hour. There is still a small amount of electricity to be processed.
Morgan Stanley maintains a "Shareholding" rating on CGN POWER (01816) with the Target Price lowered to HKD 3.19.
In 2025, the final electricity price in the Guangdong market is determined to be about 0.35 yuan per kilowatt-hour, lower than its previous forecast.
CGN POWER (01816) plans to acquire 100% equity of Taishan Nuclear Power for approximately 1.204 billion yuan.
CGN POWER (01816) announced that on January 8, 2025, the Board of Directors reviewed and approved the company's (as...
Express News | CGN Power Co Ltd - Acquisition of 100% Equity Interest in Taishan No. 2 Nuclear Power
Express News | CGN Power Says It Plans to Buy Nuclear Power Company for 1.2 Bln Yuan
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