CGN Power reports Q3 2025 results, changes nuclear project entity

CGN Power Co. released its Third Quarterly Report for 2025, showing operating revenue of 20,555,714,495.35 yuan for the quarter and 59,722,893,845.50 yuan for the nine months ended September 30, 2025. Net profit attributable to shareholders of the listed company was 2,624,126,366.18 yuan for the quarter and 8,575,941,319.43 yuan year-to-date. Basic earnings per share for the nine months were 0.1698 yuan. Total assets increased by 4.80% to 447,141,830,393.99 yuan compared to the previous year-end.

In a separate announcement, CGN Power confirmed a change in the implementing entity for the Guangdong Lufeng Nuclear Power Station Unit 5 and Unit 6 Project. Previously, CGN Lufeng Nuclear Power Co., Ltd. was the implementing entity. The company has established a new wholly-owned subsidiary, CGN Eastern Guangdong (Lufeng) Nuclear Co., Ltd., to take over the investment, development, and construction of this project.

This change, approved by the board on October 28, 2025, ensures management needs for various nuclear power project phases within the same base are met. The relevant assets and liabilities will be transferred at net book value at nil consideration. The total investment amount, business sectors, and implementation plan remain unchanged, and the change does not impact the use of proceeds from the 4.9 billion yuan convertible corporate bond issuance completed in July 2025.