The Zhitong Finance App learned that UBS released a research report saying that after deducting one-time projects in the first quarter of 2024, CGN Power (01816) had a recurring net profit of 3.5 billion yuan, the same as the same period last year, which is basically in line with the bank's and market expectations. The bank said that CGN Power's overall feed-in electricity volume increased by 2% per year in the first quarter, and revenue increased by 5% per year, mainly due to the increase in construction, installation and engineering design business for nuclear power projects under construction in Huizhou and Cangnan. In front of meetings with management, hold a “neutral” rating.