UBS: Guangdong Nuclear Power Tariff Adjustments in 2026 Would Benefit CGN POWER (01816) and Upstream Suppliers

Stock News

Sep 15

UBS issued a research report stating that CGN POWER (01816) management indicated that the current nuclear power tariff policy in Guangdong Province has an unfavorable impact on operators, and believes that relevant policies will improve. The company expects that Guangdong Province may consider revising nuclear power tariff rules in the 2026 power trading scheme. The bank anticipates that the company could be a potential major beneficiary, as approximately 70% of the company's equity installed capacity is expected to be located in Guangdong Province by next year. Additionally, the bank believes that upstream nuclear equipment suppliers such as HARBIN ELECTRIC (01133), Yingliujixie (603308.SH), and DONGFANG ELEC (01072) may also benefit indirectly due to improved project execution visibility and potential margin recovery. Although details of the 2026 power trading scheme have not been finalized, the bank's preliminary analysis indicates that if the current deduction rules are completely eliminated, it could bring RMB 289 million or 3% upside potential to CGN POWER's 2026 fiscal year earnings forecast.

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The company expects that Guangdong Province may consider revising nuclear power tariff rules in the 2026 power trading scheme. The bank anticipates that the company could be a potential major beneficiary, as approximately 70% of the company's equity installed capacity is expected to be located in Guangdong Province by next year. Additionally, the bank believes that upstream nuclear equipment suppliers such as HARBIN ELECTRIC (01133), Yingliujixie (603308.SH), and DONGFANG ELEC (01072) may also benefit indirectly due to improved project execution visibility and potential margin recovery. 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The company expects that Guangdong Province may consider revising nuclear power tariff rules in the 2026 power trading scheme. The bank anticipates that the company could be a potential major beneficiary, as approximately 70% of the company's equity installed capacity is expected to be located in Guangdong Province by next year. Additionally, the bank believes that upstream nuclear equipment suppliers such as HARBIN ELECTRIC (01133), Yingliujixie (603308.SH), and DONGFANG ELEC (01072) may also benefit indirectly due to improved project execution visibility and potential margin recovery. Although details of the 2026 power trading scheme have not been finalized, the bank's preliminary analysis indicates that if the current deduction rules are completely eliminated, it could bring RMB 289 million or 3% upside potential to CGN POWER's 2026 fiscal year earnings forecast.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1125","symbol_name":"独立电力生产商与能源贸易商","start_time":0,"source_url":"","article_id":"1155955269","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155955269","pubTimestamp":1757921303,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"UBS issued a research report stating that CGN POWER (01816) management indicated that the current nuclear power tariff policy in Guangdong Province has an unfavorable impact on operators, and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1125":"独立电力生产商与能源贸易商","BK1505":"一带一路","01072":"东方电气","BK1524":"核电","BK1205":"重型电气设备","01133":"哈尔滨电气","BK1594":"碳中和概念股","BK1546":"电力设备股","01816":"中广核电力","BK1522":"燃料电池"},"translate_title":"瑞银：2026年广东核电电价调整利好中广核电力(01816)及上游供应商","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01072":1,"01133":1,"01816":1},"content_text":"UBS issued a research report stating that CGN POWER (01816) management indicated that the current nuclear power tariff policy in Guangdong Province has an unfavorable impact on operators, and believes that relevant policies will improve. 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