CGN POWER (1816) investor relations material

Executive summary

• Nuclear power generation remains the core business, with 28 units in operation and 20 under construction, totaling 56.06 GW installed capacity as of March 31, 2026.

• Q1 2026 saw a 10.11% year-over-year decline in on-grid power generation to 50,957 GWh and a 13.25% drop in revenue to RMB 16,319M, mainly due to lower on-grid power generation and market tariffs.

• Net profit attributable to shareholders decreased by 9.33% year-over-year to RMB 2,741M.

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

Financial highlights

• Revenue for Q1 2026 was RMB 16,319M, down 13.25% year-over-year.

• Net profit attributable to shareholders was RMB 2,741M, a 9.33% decrease year-over-year.

• Excluding non-recurring gains or losses, net profit was RMB 2,658M, down 9.12% year-over-year.

• Basic EPS was RMB0.054, a 10% decrease year-over-year; diluted EPS was RMB0.052, down 13.33%.

• Net cash flows from operating activities increased 44.18% year-over-year to RMB3.48 billion.

Outlook and guidance

• 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.

• Dividend of RMB0.86 per 10 shares for 2025 was approved, with payment expected around July 10, 2026, subject to AGM approval.