Core Viewpoint - China General Nuclear Power Corporation (CGN Power) has completed the issuance of the first and second phases of ultra-short-term financing bonds for the year 2026, raising a total of RMB 20 billion to repay loans for its subsidiaries [1] Group 1: Financing Details - The first phase of ultra-short-term financing bonds has a total issuance amount of RMB 1 billion, with a term of 268 days and an interest rate of 1.55% [1] - The second phase of ultra-short-term financing bonds also has a total issuance amount of RMB 1 billion, with the same term and interest rate as the first phase [1] - Both phases have the same interest start date of February 11, 2026, and a repayment date of November 6, 2026 [1] Group 2: Use of Proceeds - The funds raised from this issuance will be used entirely for repaying loans of the company's subsidiaries [1]

| 证券代码：003816 | 证券简称：中国广核 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：127110 | 债券简称：广核转债 | | 中国广核电力股份有限公司 关于公司2026年度第一期及第二期超短期融资券发行完成 的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 中国广核电力股份有限公司（以下简称"公司"）于 2025 年 5 月 21 日召开 的公司 2024 年度股东大会批准了《关于申请注册与发行银行间多品种债务融资 工具的议案》，同意公司在中国银行间市场交易商协会（以下简称"交易商协会"） 注册及发行债券，注册品种为多品种债务融资工具，公司将在注册有效期内自主 发行，最终方案以交易商协会注册通知书为准。 公司于 2025 年 9 月 8 日收到交易商协会下发的《接受注册通知书》（文件编 号：中市协注〔2025〕TDFI33 号，以下简称"通知书"），批准公司注册发行多 品种债务融资工具，自通知书落款之日起两年内有效，公司在注册有效期内可分 期发行超短期融资券、短期融资券、中期票据、资产支持票据 ...

Core Viewpoint - China General Nuclear Power Corporation (CGN Power) has completed the issuance of the first and second phases of ultra-short-term financing for the year 2026, raising a total of RMB 20 billion to repay loans for its subsidiaries [1] Group 1: Financing Details - The first phase of ultra-short-term financing amounted to RMB 10 billion, with a term of 268 days, a face value of RMB 100, and an interest rate of 1.55% [1] - The second phase also raised RMB 10 billion, with identical terms and conditions as the first phase [1] - Both phases have the same interest commencement date of February 11, 2026, and a repayment date of November 6, 2026 [1] Group 2: Use of Proceeds - The funds raised from this ultra-short-term financing will be used entirely for repaying loans of the company's subsidiaries [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN) has successfully completed the issuance of its first and second phases of ultra-short-term financing bonds for 2026, with funds received on February 11, 2026 [1] Group 1: Financing Details - The ultra-short-term financing bond is named "China General Nuclear Power Co., Ltd. 2026 First Phase Ultra-Short-Term Financing Bond" [1] - The bond has a total issuance amount of 1 billion RMB [1] - The bond has a maturity period of 268 days, with a repayment date set for November 6, 2026 [1] - The coupon rate for the bond is 1.55% [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN) has successfully completed the issuance of its first and second phases of ultra-short-term financing bonds for 2026, with funds received on February 11, 2026 [1] Group 1: Financing Details - The ultra-short-term financing bond is named "China General Nuclear Power Co., Ltd. 2026 First Phase Ultra-Short-Term Financing Bond" [1] - The bond has a total issuance amount of RMB 1 billion [1] - The bond has a maturity period of 268 days, with a repayment date set for November 6, 2026 [1] - The coupon rate for the bond is 1.55% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 CGN Power Co., Ltd.* 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 發行2026年度第一期及第二期超短期融資券 本公告乃中國廣核電力股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則（「上市規則」）第13.09條及香港法例第571章《證券及期貨條例》第 XIVA部項下內幕消息條文而作出。 本次超短融發行的有關文件將在上海清算所（網址： http://www.shclearing.com ）和 中國貨幣網（網址： http://www.chinamoney.com.cn ）上刊發。 發行本次超短融不構成上市規則第14章及第14A章的交易。 本公告並不構成或組成認購或購買任何本公司超短融或其他證券之要約、邀請或 招攬或促使上述事宜之要約，而本公告亦非為邀請作出任何購買有關本公司任何 證券之要約。 承董事會命 中國廣核電力股份 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the power and gas sectors, indicating a positive outlook for their performance in the upcoming periods [40][41]. Core Insights - The carbon market in China is expanding, with a cumulative trading volume of 865 million tons and a total transaction value of 57.663 billion yuan in 2025, reflecting a year-on-year growth of approximately 24% [4][5]. - The report highlights the shift in national policy towards carbon emission control, emphasizing the importance of carbon reduction initiatives, which are expected to create investment opportunities in the environmental sector [7]. - Natural gas prices have seen a significant decline due to seasonal factors and increased supply, with the Henry Hub spot price dropping by 39.20% week-on-week to $4.37/mmBtu as of February 6 [12][29]. Summary by Sections 1. Power Sector - The carbon market's trading volume reached 865 million tons in 2025, with a transaction value of 57.663 billion yuan, despite a decrease in average transaction price to 62.36 yuan/ton, down 19.23% year-on-year [4][5]. - Key emission units in the carbon market include 3,378 entities, with the power sector comprising 2,087 units, indicating a strong awareness of carbon reduction among major emitters [4][5]. - Recommendations for investment include companies with diversified revenue sources such as Guodian Power, Inner Mongolia Huadian, and Huaneng International Power, which are expected to benefit from stable capacity income [7][8]. 2. Gas Sector - Natural gas prices have decreased significantly, with the U.S. Henry Hub spot price at $4.37/mmBtu, reflecting a 39.20% drop week-on-week, while European prices also fell due to improved supply conditions [12][29]. - The report suggests that the recovery in macroeconomic conditions may lead to a rebound in gas companies' performance, recommending firms like Kunlun Energy and New Hope Energy [31][32]. - LNG prices in Northeast Asia have also declined, with spot prices at $10.70/mmBtu, down 7.76% week-on-week, influenced by seasonal demand and inventory levels [24][29]. 3. Company and Industry Dynamics - The report notes significant developments in the energy sector, including the implementation of a capacity price mechanism for coal and gas power generation, which aims to enhance revenue stability for power plants [36][37]. - Key announcements from companies include performance forecasts indicating substantial profit growth, such as Datang Power's expected net profit increase of 51% to 73% year-on-year [38]. - The report emphasizes the importance of ongoing infrastructure improvements and energy transition initiatives as part of the national economic development plan [37].

智通财经APP讯，中广核电力(01816)公布，公司拟于2026年2月10日发行中国广核电力股份有限公司 2026年度第二期超短期融资券，本期发行金额10亿元，面值100元，期限268天。所募集资金全部用于偿 还子公司到期有息负债。 ...

中广核电力(01816)公布，公司拟于2026年2月10日发行中国广核（003816）电力股份有限公司2026年度 第二期超短期融资券，本期发行金额10亿元，面值100元，期限268天。所募集资金全部用于偿还子公司 到期有息负债。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 CGN Power Co., Ltd.* 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 海外監管公告 本公告由中國廣核電力股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則第13.10B條作出。 茲提述本公司日期為2025年9月10日的公告，內容有關本公司於中國銀行間市場 交易商協會註冊多品種債務融資工具(TDFI)，及於中國銀行間市場交易商協會非 金融企業債務融資工具註冊信息系統（或稱「孔雀開屏系統」）刊登的本公司因註冊 多品種債務融資工具(TDFI)而刊發的註冊稿件。 以下為本公司於上海清算所（網址： http://www.shclearing.com ）和中國貨幣網（網 址： http://www.chinamoney.com.cn ）上刊登的《中國廣核電力股份有限公司2026年 度第一期超短期融資券基礎募集說明書》《中國廣核電力股份 ...