UBS released a research report saying that after deducting one-time items in the first quarter of 2024, CGNPC Power's (01816) recurring net profit was 3.5 billion yuan, which was the same as the same period last year, basically in line with the bank and market expectations. The bank said that CGN Power's overall on-grid electricity increased by 2% annually in the first quarter, and its revenue increased by 5% year-on-year, mainly due to the construction of nuclear power projects in Huizhou and CangnanrodandreelThe volume of construction, installation and engineering design business increased. Hold a "neutral" rating in front of meetings with management.
