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    600011   CNE000001998

HUANENG POWER INTERNATIONAL, INC.

(600011)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-12-01
7.570 CNY   -0.79%
12/01Huaneng Power International Issues 2 Billion Yuan in Renminbi-Denominated Debts
MT
11/21Huaneng Power International Issues $420 Million in Bonds
MT
11/20China’s Central SOEs Post 3.9% Profit Jump in January-October
MT
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China puts pioneering 'pebble bed' nuclear reactor into operation

12/20/2021 | 01:43am EST

SHANGHAI (Reuters) - China has launched a new high-temperature gas-cooled nuclear plant in the eastern coastal province of Shandong, the first to make use of 'pebble bed reactor' (PBR) technology developed by state-run China National Nuclear Corporation (CNNC).

The first unit of the Shidaowan reactor project, built near the city of Rongcheng in collaboration with the energy group Huaneng and Beijing's Tsinghua University, has now been connected to the grid, CNNC said on Monday.

The unit has total generation capacity of around 200 megawatts, and a second unit is still under construction.

In PBR technology, the reactor core is formed from graphite pebbles that contain specially designed fuel particles. The design allows reactors to be run safely at higher temperatures, CNNC said, describing it as "the reactor that won't melt down".

China is one of the few countries in the world with an active nuclear reactor programme, but it has struggled to meet its construction targets after a moratorium on new projects and a long safety probe following Japan's Fukushima disaster in 2011.

Total capacity hit 51 gigawatts (GW) by the end of last year, falling short of a 58 GW target. CNNC has urged the government to approve at least six new projects a year over the next decade in order to bring total capacity up to 180 GW by 2035.

CNNC said the technology employed at the Shidaowan project was completely home-grown, with 93.4% of all the equipment also sourced domestically.

(Reporting by David Stanway; Editing by Kenneth Maxwell)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HUANENG POWER INTERNATIONAL, INC. -0.79% 7.57 End-of-day quote.-21.88%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. 0.20% 494 Delayed Quote.66.33%
All news about HUANENG POWER INTERNATIONAL, INC.
12/01Huaneng Power International Issues 2 Billion Yuan in Renminbi-Denominated Debts
MT
11/21Huaneng Power International Issues $420 Million in Bonds
MT
11/20China’s Central SOEs Post 3.9% Profit Jump in January-October
MT
11/07Huaneng Power Sells Nearly $347 Million of Renminbi Bonds
MT
11/03Huaneng Power International to Grant $1.8 Billion in Renewable Entrusted Loans to Two U..
MT
10/26Huaneng Power Issues $276 Million Medium-Term Bonds
MT
10/26Transcript : Huaneng Power International, Inc., Q3 2022 Earnings Call, Oct 26..
CI
10/26Huaneng Power's Q3 Loss Narrows; Shares Fall 3%
MT
10/26Huaneng Power Completes Issuance of $275 Million Securities
MT
10/25Huaneng Power International, Inc. Reports Earnings Results for the Nine Months Ended Se..
CI
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Analyst Recommendations on HUANENG POWER INTERNATIONAL, INC.
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Financials
Sales 2022 235 B 33 548 M 33 548 M
Net income 2022 344 M 49,0 M 49,0 M
Net Debt 2022 304 B 43 296 M 43 296 M
P/E ratio 2022 144x
Yield 2022 0,89%
Capitalization 97 919 M 13 950 M 13 950 M
EV / Sales 2022 1,71x
EV / Sales 2023 1,84x
Nbr of Employees 57 513
Free-Float 44,1%
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Technical analysis trends HUANENG POWER INTERNATIONAL, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 3,12 CNY
Average target price 3,48 CNY
Spread / Average Target 11,4%
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Managers and Directors
Ke Yu Zhao Chairman, President & General Manager
Li Xin Huang Chief Financial Officer & Chief Accountant
Shu Qing Li Chairman-Supervisory Board
Wei Liu Chief Engineer
Meng Zhou Xu Independent Non-Executive Director
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