Guotai Junan Securities has released a report, maintaining a "shareholding" rating for CGN Power (01816.HK), with an earnings forecast of RMB 0.25/0.26/0.28 per share for 2024-2026. Based on comparable company P/E ratios and considering the company's long-term sustainable growth and the scarcity of nuclear power listed in Hong Kong, a 2025 P/E ratio of 14x is given and the target price is raised to RMB 4.06.

According to the report, CGN Power has released a "preliminary plan for issuing convertible bonds to unspecified targets for A-share", with a total issuance amount not exceeding RMB 4.9 billion. The bank believes that the profitability of the target project is considerable, and the issuance of convertible bonds will help alleviate funding pressures.