Movement Alert｜CGN Power Rises 3.02% in Regular Trading, Taipingling Unit 2 Grid Connection Boosts Market Confidence

Market Focus07-08

On July 8, CGN Power rose 3.02% in regular trading, trading at HK$2.73/share, with turnover of HK$94.05 million.

On the news front, CGN Power's Guangdong Taipingling Nuclear Unit 2 successfully achieved its first grid connection on July 4, marking the second unit at the Greater Bay Area's first Hualong One nuclear base to gain power transmission capability, moving one step closer to full commercial operation. This follows the Huizhou Unit 1 entering commercial operation in April, steadily expanding the company's operating installed capacity.

Additionally, the company completed the 8.347 billion yuan payment on July 1 for the acquisition of stakes in Cangnan Nuclear Power, signaling continued progress in asset integration. After Cangnan Unit 1 enters commercial operation, the company will manage 30 nuclear generating units with total installed capacity reaching 34,248 megawatts.

The broader power sector also strengthened on the same day, with Huaneng Power up 2.98% and China Power up 2.56%, providing supportive sector momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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