UBS: If the nuclear power electricity price in Guangdong Province is adjusted in 2026, it will benefit CGN Power (01816.HK) and its upstream suppliers.

According to the Zhtng Financial APP, UBS released a research report stating that China General Nuclear Power (01816.HK) management indicated that the current nuclear power pricing policy in Guangdong Province has a negative impact on operators. It is believed that the relevant policies will be improved, and it is expected that Guangdong Province may consider revising the nuclear power pricing rules in the 2026 power trading scheme. The bank predicts that the company may become a potential major beneficiary, as it is estimated that by next year, the company will have approximately 70% of its equity installed capacity located in Guangdong Province.