Changes in Hong Kong stocks | Nuclear power concept stocks are collectively rising, and the entire industry chain with China's approval of 8 nuclear power units is expected to usher in a boom cycle

The Zhitong Finance App learned that nuclear power concept stocks rose collectively. As of press release, CGN Mining (01164) rose 4.55% to HK$2.53; CNNC International (02302) rose 3.49% to HK$4.15; and CGN Power (01816) rose 2.77% to HK$2.97.

According to the news, on July 31, the executive meeting of the State Council reviewed and approved 8 nuclear power units. A total of 4 nuclear power projects have been approved this time, with a total of 8 units, as follows: CNNC Zhejiang Jinqimen Nuclear Power Phase II 2 units; Liaoning Zhuanghe Nuclear Power Phase I 2 units; CGN Guangdong Taipingling Nuclear Power Phase III 2 units; and China Power Investment Corporation Shandong Laiyang Nuclear Power Phase 1 units. According to estimates, the total investment in these newly approved projects will exceed 170 billion yuan. Among them, Jinqimen Nuclear Power Unit 3 and Taipingling Nuclear Power Unit 5 and 6 will use version 2.0 of the “Hualong 1” technology integration scheme.

According to Caitong Securities, the approval of the eight nuclear power units confirmed the trend of large-scale and normalized construction of nuclear power plants during the “15th Five-Year Plan” period, and the sector's medium- to long-term prosperity and growth certainty continued to strengthen. China Merchants Securities pointed out that the first batch of 8 units in China this year is still likely to be approved in the second batch during the year. It is expected to maintain a normalized approval rhythm of 10 or more units. The entire nuclear power industry chain is expected to usher in a boom cycle, and it is optimistic about the investment value of nuclear power operators in the long term. We recommend China Nuclear Power, which will reach its peak of production sooner. At the same time, it is recommended to focus on the Hong Kong stock CGN Power, which has outstanding valuation and dividend advantages.