CGN Power Co Class H ( (CGNWF) ) has released its Q4 earnings. Here is a breakdown of the information CGN Power Co Class H presented to its investors.
CGN Power Co., Ltd., a joint stock company incorporated in China, specializes in the production and supply of electricity and heat primarily from nuclear energy, and offers related technical services. The company operates within the energy sector and is known for its focus on nuclear power generation and management of nuclear power plants.
In its latest earnings report for the year ended December 31, 2024, CGN Power Co., Ltd. announced an operating revenue of approximately RMB86.8 billion, marking a 5.2% increase from the previous year. The net profit attributable to shareholders was approximately RMB10.8 billion, a slight increase of 0.8% over 2023. The company also declared a final cash dividend of RMB0.095 per share.
Key financial highlights include a 5.5% increase in sales of electricity, contributing significantly to the overall revenue growth. The company’s operating costs rose by 8.3%, primarily due to increased costs of nuclear fuel and depreciation of fixed assets. Despite these cost increases, CGN Power maintained a stable EBITDA margin of 46.8% and improved its interest coverage ratio to 4.2.
Looking ahead, CGN Power Co., Ltd. aims to continue its investment in nuclear power projects and technological improvements, while maintaining a strong focus on risk management and cost control. The company is also exploring equity and debt financing options to support its strategic initiatives and enhance shareholder value.