On September 26, Guolian Securities' research report pointed out that as of 2024H1, China National Nuclear Power (601985.SH) has 23.75GW of nuclear power plants in operation, with 17.56GW of approved and under-construction nuclear power units, a year-on-year increase of +16%. The continuous increase in electricity generation and the proportion of electricity market trade are expected to enhance the company's profitability as electricity prices tend to stabilize. Due to the continuous growth in the company's income and stable cash flow, the company's financial stability is strongly guaranteed. It is expected that with the accelerated progress of approved and under-construction projects, coupled with the continuous increase in the company's online electricity, the company's cash flow is expected to continue to be maintained, and the quality of earnings is expected to continue to improve. The company's nuclear power installation is steadily increasing, with continuous growth in electricity generation; the proportion of electricity market trade continues to rise, coupled with stable electricity prices; the company has stable cash flow, and the quality of earnings continues to improve. A "buy" rating is given.