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 Co., Ltd. (hereinafter “CGN Power”) held its 2025 annual performance briefing in Shenzhen. In 2025, the 28 operating generating units managed by the company maintained safe and stable operation, achieving “zero unplanned shutdowns” across the board. The company generated 232.648 billion kWh of electricity fed into the grid, and six new units began main works.

During the “14th Five-Year Plan” period, CGN Power achieved leapfrog development. Over the past five years, a total of 16 nuclear generating units managed by the company obtained approvals. Ten units achieved FCD (first concrete pour in the nuclear island). The number of operating and under-construction nuclear power bases under management increased to 10. The independently developed third-generation nuclear power technology, the Hualong One, demonstration project was fully completed, and large-scale construction has entered a fast track. The total installed capacity of operating and under-construction nuclear units under the company’s management grew from approximately 35.35 million kW at the end of 2020 to approximately 56.06 million kW. Cumulative electricity fed into the grid exceeded 1.07 trillion kWh, equivalent to about 992 million tons of CO2 emissions reduced.

As 2025 is the concluding year of the “14th Five-Year Plan,” the company delivered high-quality results in areas including safe operations, technological innovation, and operating performance.

In 2025, all 28 operating nuclear generating units managed by the company achieved “zero unplanned shutdowns.” More than 85% of the WANO (World Association of Nuclear Operators) indicators reached world-advanced levels. The average capability factor was about 93%, maintaining high-end stability. No operating units experienced any international nuclear event classified as Level 1 or above. For the full year, the company generated 232.648 billion kWh of electricity fed into the grid, up 2.36% year over year. The average utilization hours were approximately 7,767 hours, an increase of 57 hours compared with 2024. The company continued to provide safe, reliable, and efficient clean power to the provinces and regions where it operates.

At the same time, CGN Power has been steadily advancing its units under construction. In 2025, Guangxi Fangchenggang Nuclear Power Units 5 and 6, as well as Guangdong Taishan Nuclear Power Units 3 and 4, obtained national approvals. Guangdong Lufeng Nuclear Power Units 1 and 2, Guangdong Taipingling Nuclear Power Unit 3, Shandong Zhaoyuan Nuclear Power Unit 1, Zhejiang San’ao Nuclear Power Unit 3, and Fujian Ningde Nuclear Power Unit 6—six units in total—achieved FCD and entered the full-scale construction stage. Guangdong Taipingling Unit 1 and Zhejiang San’ao Unit 1 obtained operating licenses and achieved their first fuel loading, laying a solid foundation for the company’s long-term development.

In addition, CGN Power continued to make breakthroughs in technological innovation. In 2025, the company built an advanced nuclear-energy original-technology source hub—the China Southern Institute of Science and Technology Innovation Center for Nuclear Energy—and gradually improved it under a “one headquarters with multiple bases” layout, providing experimental support for research and development of an iteration-upgraded Hualong One and product system of standardized advanced reactor types and series. Based on the Hualong One technology foundation, the company formed the Hualong One 2.0 version through technological improvements. Safety, advanced features, and economic performance have been comprehensively enhanced, and the company is accelerating the implementation of related projects.

With these many initiatives, CGN Power’s operating performance has grown steadily. Under the premise of ensuring safety and quality, the company formulated cost-reduction strategies to reasonably control costs. In 2025, the company achieved operating revenue of RMB 75.697 billion, attributable net profit to shareholders of RMB 9.765 billion, and attributable net profit to shareholders after deducting non-recurring items of RMB 9.113 billion. The company continued to fulfill its shareholders’ dividend return plan. The board of directors recommended that the 2025 cash dividend per share inclusive of tax be RMB 0.086. Based on the total share capital as of the end of 2025, the dividend payout ratio was approximately 44.47%. From 2021 to 2025, the dividend distribution ratio has maintained a moderate increase.