CGN Power aims to achieve an on-grid electricity generation of 232.648 billion kWh by 2025, with 28 operational nuclear units maintaining a "zero non-planned reactor trip" rate throughout the year.

(Reporter Li Yucheng) On March 26, China General Nuclear Power Corporation (hereinafter referred to as “CGN Power”) held its 2025 performance press conference in Shenzhen. In 2025, the company managed 28 operating units that maintained safe and stable operations, all achieving “zero unplanned shutdowns,” with an on-grid power generation of 232.648 billion kWh, and six new units commenced main construction.

During the 14th Five-Year Plan period, CGN Power achieved leapfrog development. Over the past five years, a total of 16 nuclear power units managed by the company were approved, 10 nuclear power units achieved FCD (First Concrete Pour for the Nuclear Island), and the number of operational and under-construction nuclear power bases increased to 10. The self-developed third-generation nuclear power technology “Hualong One” demonstration project was fully completed, and mass construction entered the fast lane. The total installed capacity of operating and under-construction nuclear power units managed by the company increased from approximately 35.35 million kW at the end of 2020 to about 56.06 million kW, with cumulative on-grid power generation exceeding 1.07 trillion kWh, equivalent to a reduction of approximately 992 million tons of carbon dioxide emissions.

As 2025 marks the concluding year of the 14th Five-Year Plan, the company has delivered high-quality results in safety operations, technological innovation, and operational efficiency.

In 2025, all 28 operating nuclear power units managed by the company achieved “zero unplanned shutdowns,” with more than 85% of the WANO (World Association of Nuclear Operators) indicators reaching world-leading levels, an average capacity factor of approximately 93%, maintaining high-end stability, and no international nuclear events of Level 1 or above occurred across all operating units. The total on-grid power generation for the year reached 232.648 billion kWh, a year-on-year increase of 2.36%, with an average utilization hour of approximately 7,767 hours, an increase of 57 hours compared to 2024, continuously providing safe, reliable, and efficient clean power to the provinces and regions where it operates.

At the same time, CGN Power is steadily advancing its under-construction units. In 2025, the 5th and 6th units of the Fangchenggang Nuclear Power Plant in Guangxi, and the 3rd and 4th units of the Taishan Nuclear Power Plant in Guangdong received national approval; the 1st and 2nd units of the Lufeng Nuclear Power Plant in Guangdong, the 3rd unit of the Taipingling Nuclear Power Plant in Guangdong, the 1st unit of the Zhaoyuan Nuclear Power Plant in Shandong, the 3rd unit of the San’ao Nuclear Power Plant in Zhejiang, and the 6th unit of the Ningde Nuclear Power Plant in Fujian, a total of six units, achieved FCD and entered the comprehensive construction phase; the 1st unit of the Taipingling Nuclear Power Plant in Guangdong and the 1st unit of the San’ao Nuclear Power Plant in Zhejiang obtained operating licenses and achieved initial fuel loading, laying a solid foundation for the company’s long-term development.

Additionally, CGN Power continues to make breakthroughs in technological innovation. In 2025, CGN Power established the advanced nuclear energy original technology source — the South China Nuclear Science and Technology Innovation Center, which is gradually improving its layout of “one headquarters and multiple bases,” providing experimental support for the iteration and upgrading of “Hualong One” and the research and development of advanced reactor types and products. Based on the “Hualong One” technology, the company has formed version 2.0 through technical improvements, with comprehensive enhancements in safety, advancement, and economic efficiency, and is accelerating the promotion of related project implementation.

Under various measures, CGN Power’s operational efficiency has steadily increased. While ensuring safety and quality, the company has formulated cost-reduction strategies and reasonably controlled costs. In 2025, the company achieved an operating revenue of 75.697 billion yuan and a net profit attributable to shareholders of 9.765 billion yuan, with a net profit attributable to shareholders excluding non-recurring gains and losses of 9.113 billion yuan. The company continues to fulfill its shareholder dividend return plan, with the board of directors proposing a tax-inclusive dividend of 0.086 yuan per share for the 2025 fiscal year. Based on the total share capital as of the end of 2025, the dividend payout ratio is approximately 44.47%, with a moderate increase in the dividend ratio maintained from 2021 to 2025.