CNNC
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CNNC - overview
Established
2008
Location
Beijing, Beijing, China
Primary Industry
Power & Utilities
About
Founded in 2008 and based in Beijing, China, CNNC is an electric power company that focuses on developing nuclear power generation. The company's predecessor was Qinshan Nuclear Power Plant. In June 2015, the firm was listed on the Shanghai Stock Exchange. Its stock code is 601985.
In July 2024, National Social Security Fund - China and China National Nuclear Corporation Capital announced to acquire 1. 68 billion shares in CNNC at CNY 8. 33 a piece for CNY 14 billion in a PIPE acquisition. The company's main businesses include power generation, power transmission, and sales of intelligent power transmission and distribution and control equipment.
It also provides services such as technology consulting and technology transfer. The company’s revenue is generated by providing nuclear power services. The company will use the PIPE funding for Liaoning Xudabao Nuclear Power Plant Unit 1 and 2 project, Liaoning Xudabao Nuclear Power Plant Unit 3 and 4 project, Fujian Zhangzhou Nuclear Power Plant Unit 3 and 4 project and Jiangsu Tianwan Nuclear Power Plant Unit 7 and 8 project.
Current Investors
National Social Security Fund - China, CNNC Industry Fund Management Corporation
Primary Industry
Power & Utilities
Sub Industries
Consulting Services, Power Plant, Power Generation Equipment & Services
Website
www.cnnp.com.cn
Verticals
Clean Technology, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
CNNC - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 26,202,031,122.5 | 30,008,741,670.8 | 33,589,908,933.6 | 39,305,402,286.5 | 46,067,155,090.7 | 52,276,451,960.2 | 62,367,217,531.7 | - | - | - |
| % Revenue Growth (YoY) | - | 14.5% | 11.9% | 17.0% | 17.2% | 13.5% | 19.3% | - | - | - |
| EBITDA (USD) | 11,810,017,455.3 | 13,089,191,068.6 | 17,454,689,565.2 | 19,849,377,728.2 | 21,385,746,622.1 | 25,004,367,653.7 | 30,537,024,014 | - | - | - |
| Operating Income (USD) | 6,207,290,837 | 6,180,719,970.1 | 9,440,601,792.1 | 10,193,773,530.7 | 10,254,856,583.6 | 13,225,803,599.2 | 16,475,497,603.5 | - | - | - |
| Operating Margin | 23.7% | 20.6% | 28.1% | 25.9% | 22.3% | 25.3% | 26.4% | - | - | - |
| % EBITDA Margin | 45.1% | 43.6% | 52.0% | 50.5% | 46.4% | 47.8% | 49.0% | - | - | - |
| NET Income (USD) | 7,108,763,610.3 | 8,108,361,253.5 | 8,036,146,122.5 | 8,536,410,163.9 | 8,407,376,510.8 | 10,947,139,206.2 | 14,054,786,919.6 | - | - | - |
| % Net Margin | 27.1% | 27.0% | 23.9% | 21.7% | 18.3% | 20.9% | 22.5% | - | - | - |
CNNC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | CNUC | - | ||||||||
| Growth | Completed | CNNP Rich Energy CO., Ltd. | - | ||||||||
| PIPE | Completed | CNNC | - | ||||||||
| Unspecified Round | Completed | CNUC | - | ||||||||
| Unspecified Round | Completed | Beijing Power Exchange Center | - |
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