CGN Power Co Ltd (CGN Power) is primarily engaged in the nuclear power business operation, sales of electricity, and related technical services. The company also provides engineering, construction, and related technical services. It offers products and services such as sale of electricity, engineering, construction, and related technical services.

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CGN Power has undertaken several R&D initiatives to enhance its nuclear power generation capabilities. The company has refined its scientific research guarantee mechanism by introducing incentive and guarantee measures for scientific and technological innovation. This includes full-cycle, multidimensional support for scientific and technological talents and research projects. The company has optimized the management of research funds, strengthened control over key project milestones, and implemented a responsibility system for project directors and chief designers. In 2024, CGN Power submitted 1,836 patent applications, with 892 granted patents. During FY2024, the company had more than 5,000 research and development staff. The company has also focused on the comprehensive use of nuclear energy, exploring new technologies and models to diversify its nuclear energy products. The establishment of independent R&D platforms has helped shorten the transformation cycle of scientific and technological achievements and improve the maturity and compatibility of existing achievements. It has established a comprehensive R&D framework, which includes one national engineering and technology center, one national key laboratory, and five national energy R&D platforms. The company has also set up large laboratories at the forefront of the industry. The Southern Center, located in the Guangdong-Hong Kong-Macao Greater Bay Area, includes four R&D bases in Shenzhen, Yangjiang, Zhongshan, and Huizhou, China. These units focus on solving key technical issues in the construction and operation of nuclear power plants, improving safety, reliability, and economic efficiency, and promoting technological upgrades. In FY2024, the company incurred a research and development expense of CNY2,442.8 million which was 2.8% of the company’s total revenue and grew 1% YoY.