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CGN Power Co., Ltd. (HKG:1816) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Citigroup: Maintains CGN POWER (01816) 'Neutral' rating, lowers Target Price to HKD 2.7.
Citigroup predicts that CGN POWER's profits will decline in the fiscal year 2025.
Research Reports Gold Mining | China Merchants: CGN Power Co.,Ltd. has a high certainty of performance growth in the medium to long term, maintaining a "Shareholding" rating.
China Merchants Research Reports indicate that CGN Power Co.,Ltd. (003816.SZ) achieved annual revenue of 86.804 billion yuan, +5.16% year-on-year; the Net income attributable to the parent company was 10.814 billion yuan, +0.83% year-on-year. Revenue performance showed steady growth, meeting expectations. Nuclear Power prices and costs remained relatively stable, with performance growth primarily depending on installed capacity growth. The company's ongoing projects are progressing steadily, with adequate project reserves. Under strong national support for Nuclear Power development, the company is expected to be approved for 2-4 units each year, and as the Hualong One is built on a large scale, there is room for cost reduction; expectations for asset injection from the parent company are strong, indicating potential performance growth in the medium to long term.
CGN Power's 2024 Net Profit Inches Up
CGN Power Co.,Ltd.: Summary of the 2024 Annual Report
CGN Power Co.,Ltd.: 2024 Annual Report
