China Nuclear Energy Technology (00611) issued an announcement. Compared with the net profit for the whole year ended December 31, 2022,...
According to the Zhitong Finance App, China Nuclear Energy Technology (00611) issued an announcement. Compared with the net profit for the year ended December 31, 2022, the Group is expected to achieve net profit of about HK$113 million to HK$118 million for the year ended 31 December 2023, an increase of about 15% to 20%. The increase was mainly due to the following effects:
The Group continues to improve the intelligent operation and maintenance standards of power plants and increase industry-leading investment rates and power generation. The power generation division expects to have a positive impact on the Group's overall performance, and self-owned power plants are expected to generate stable profits and profits. As of December 31, 2023, the Group has operated and maintained a total of 56 power plants, with a total operating capacity of 1,078 MW. These power plants have generated 1,176 billion kilowatt-hours. The relevant business divisions are expected to achieve an increase in net profit for the period ending December 31, 2023; Panjin Hexin, Lincang Hexiang, and Bengbu Nuclear Run Power Plant projects have been completed and connected to the grid; Fengyang GCL, Zhenjiang Xinneng, Bengbu Shang Hao, Bengbu Shangxin, and Suining Hetai have completed the consolidation schedule. The new grid-connected project is a large-scale operation, and the equipment investment rate is high. These projects are currently under warranty, resulting in lower operation and maintenance costs than existing projects. In addition, the Zhenjiang Xinneng and Guangdong Yangjiang projects generated additional revenue through green power transactions.
Compared with December 31, 2022, the Group is also expected to achieve an increase in net profit margin for the full year ended December 31, 2023.