Company Profile · Utilities

CGN Power

003816 · Shenzhen
Industry
Nuclear Fuel & Power
Exchange
Shenzhen
Country
China
Employees
22,928
Website
www.cgnp.com.cn
Current Price
¥3.93
Live · Jul 15, 2026
Fair Buy
≤ ¥3.6
Margin-of-safety entry
Intrinsic Value · Three-Tier Range Current price ¥3.93 Live · Within the fair intrinsic-value range

Composite valuation range · conservative ¥3.3–¥3.6 / fair ¥3.8–¥4.7 / optimistic ¥5–¥5.6. At ¥3.93, Within the fair intrinsic-value range.

At publication ¥4.11 (Jul 23, 2026)

Financial snapshot
Market capCN¥205.02B
Revenue (TTM)CN¥73.2B
EBITDACN¥31.91B
Profit margin12.96%
ROE7.93%
P/E (TTM)21.37
Forward P/E19.34
PEG1.91
EPSCN¥0.19
Dividend yield2.11%
52-week rangeCN¥3.49 – CN¥4.83

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

CGN Power Co., Ltd. operates and manages nuclear power stations and sells the electricity generated by these stations in the People's Republic of China. It also provides construction, installation, design, and related technical services, as well as labor services. As of December 31, 2025, the company manages 28 nuclear power units with a total installed capacity of 31.838 GW. The company was incorporated in 2014 and is headquartered in Shenzhen, People's Republic of China. CGN Power Co., Ltd. operates as a subsidiary of China General Nuclear Power Corporation.

Background

History

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Industry position

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Research on this stock
Hold CGN Power: A Real Nuclear Moat, but No Margin of Safety Yet CGN Power is China's listed nuclear-generation platform under China General Nuclear Power Group, operating 28 reactors with 31.838 GW of capacity at year-end 2025 and one of the industry's largest build-out pipelines, 18 units still under construction as of mid-2026. The core tension: 2025 revenue fell 4.1% to RMB 75.70 billion and Q1 2026 revenue dropped a further 13.25% as refuelling outages hit availability even as market-based tariffs fell about 8.8%, though half-year 2026 data show the decline sharply narrowing as Q2 generation recovered year on year. Rating Hold: a genuine state-backed nuclear moat with a real multi-year build-out runway, but at CNY 4.11 (about 22.5x trailing earnings) the A-shares already price in much of that story with no large margin of safety. CGN Power Co., Ltd.003816 · ShenzhenNuclear Fuel & PowerJul 23, 2026