Oct 24th, 10月24日: According to gtja research reports, cgn power (1816.HK) achieved operating revenue of 22.89 billion yuan in 3Q24, a year-on-year increase of 11.3%; net income attributable to shareholders was 2.87 billion yuan, a year-on-year increase of 4.9%, performance basically meets expectations. As of the end of 3Q24, the company manages a total of 16 approved waiting for FCD and under construction nuclear power units (including 8 units managed by controlling shareholder), with 7 units already under construction (total installed capacity of 8.4 GW) and 9 units in the FCD preparation stage (total installed capacity of 11.0 GW). The bank believes that the company's construction and reserve installed capacity is relatively abundant, with broad long-term growth potential. Maintaining a target price of 3.90 Hong Kong dollars and a "shareholding" rating.