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中国广核:中国广核电力股份有限公司2026年度跟踪评级报告

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[]1160626AAA/

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12~18

2025

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lbwang@ccxi.com.cn

yyliu@ccxi.com.cn

(010)66428877

(010)66426100202320242025.3/.1~3

4152.504715.335056.565302.86

1653.041829.451762.141803.58

2499.462885.883294.423499.28

2138.452506.222879.483126.27

825.49789.45756.97163.19

170.46174.68147.3140.65

EBIT 263.51 271.20 232.04 --

EBITDA 385.96 405.85 367.99 --

331.20375.06299.7134.78

(%)35.9737.4331.9939.37

(%)6.396.124.75--

EBIT (%) 31.92 34.35 30.65 --

(%)60.1961.2065.1565.99

(%)56.4057.8062.0463.42

/EBITDA(X) 5.54 6.18 7.82 --

EBITDA (X) 5.43 5.91 5.47 --

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(%)13.0713.0512.3412.28

13.0516.9620.422.33

193.30200.27160.1944.70

16.0419.3323.535.18

205.31216.28186.0349.85

EBIT 263.51 271.20 232.04 --

EBITDA 385.96 405.85 367.99 --

(%)6.396.124.75--

157.40170.26208.27254.74

118.2791.0780.1268.59

189.52200.78204.93190.92

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1653.041829.451762.141803.58

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331.20375.06299.7134.78

-125.13-324.48-323.36-111.95

-190.88-66.5666.77114.07

EBITDA (X) 5.43 5.91 5.47 --

FFO/ (%) 12.59 12.27 8.87 --

/EBITDA(X) 5.54 6.18 7.82 --

10

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710928.74686636.07672818.58--

8254864.327894466.967569655.901631942.51

1933049.572002727.611601854.54446986.47

160420.15193289.08235314.5551790.87

1704577.161746813.061473114.42406547.41

EBIT 2635055.46 2711953.75 2320433.78 --

EBITDA 3859596.12 4058464.95 3679868.76 --

3311989.433750572.802997052.94347752.20

-1251261.37-3244829.33-3233554.86-1119495.76

-1908823.80-665643.42667689.471140676.84

202320242025.3/.1~3

(%)35.9737.4331.9939.37

(%)13.0713.0512.3412.28

EBIT (%) 31.92 34.35 30.65 --

(%)6.396.124.75--

(X) 0.94 0.88 0.66 0.66

(X) 0.67 0.63 0.47 0.48

(X) 2.76 2.41 2.41 1.75*

(X) 6.17 7.54 8.84 8.78*

(%)60.1961.2065.1565.99

(%)56.4057.8062.0463.42

/(%)21.0619.3027.7228.48

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(X)

/

0.590.630.30--

(X)

4.665.464.45--

(X)

/EBITDA(X) 5.54 6.18 7.82 --

EBITDA/ (X) 0.86 0.84 0.46 --

EBITDA (X) 5.43 5.91 5.47 --

EBIT (X) 3.71 3.95 3.45 --

FFO/ (%) 12.59 12.27 8.87 --+/++

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100010

+861066428877

+861066426100

www.ccxi.com.cn

Address: Building 5 Galaxy SOHO No.2 Nanzhugan Lane Chaoyangmennei Avenue Dongcheng District

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