1, different mission orientation

CNNC: China National Nuclear Corporation (CNNC) shoulders the mission task of strengthening the nuclear power and peaceful use of atomic energy to ensure national energy security.

CGN: CGNPC is an international first-class clean energy group and a leading global clean energy provider and service provider. It is committed to the production and supply of clean energy with zero carbon emission, energy conservation, emission reduction and clean energy utilization of the whole society, and the provision of large-scale, high-quality and sustainable clean energy products and services for the society.

2, the creation of a different background

CNIC: July 1, 1999, in the country's original five administrative military industrial corporation on the basis of the reorganization of the top ten military industrial groups, China National Nuclear Corporation was established.

CGN: China General Nuclear Corporation (CGNPC), formerly China Guangdong Nuclear Power Group, is a centralized enterprise that grows gradually along with China's reform and opening up and the development of nuclear power, and is a national mega conglomerate consisting of the core enterprise, China General Nuclear Corporation Limited, and more than 40 major member companies.

3, different business scope

CNIC: China National Nuclear Corporation in the new historical stage will inherit the nuclear industry more than half a century since the world's attention of the "two bombs and a boat" and the realization of mainland China's nuclear power "zero breakthrough".

CGN: CGN successfully constructed Daya Bay Nuclear Power Station, filling the gap of large-scale commercial nuclear power plants in China and realizing the start of large-scale commercial nuclear power plants in China.

Expanded information:

While in the early days of the country's birth of the eyes of China's nuclear CGNPC is a "rising star!

CGN was founded in 1994, formerly known as China Guangdong Nuclear Power Group, which was not only established late, and from the name of a local nature of the enterprise, its volume is obviously far inferior to the nuclear, and the establishment of CGNPC also holds 45% of its shares, but the State Council regulations CNNC can not participate in the dividend, the balance of the profits for the rolling development of CGNPC, in order to lead the subsequent construction of nuclear power plants.

With the successful construction and operation of the Daya Bay nuclear power plant, CGNPC has been able to develop its nuclear-support model, and now has the most nuclear power projects in hand and approved by CGNPC, followed by CNNC. And coastal nuclear power plant construction has been monopolized by CGNPC.

Today, CGNPC in the hands of nuclear power projects on the coast, including Daya Bay, Ling Ao, Yangjiang, Hongyanhe and Guangxi Fangchenggang, etc., while the nuclear preparations for the construction of inland, in addition to Hainan and Qinshan and a few other belong to the coastal nuclear power plant, Taohuajiang in Hunan Province, Jiangxi Province, such as Ruijin project are inland.

In fact, the turning point in the event of change occurred in September 2012, when the State Council agreed to the CGNPC shareholding relationship adjusted to 82% of the SASAC, Guangdong Province, 10%, China National Nuclear Corporation (CNNC) 8%.

This adjustment is considered by CGNPC as one of the "milestones" in the company's development, and in April 2013, China Guangdong Nuclear Power Group officially changed its name to China General Nuclear Power Group. It's clear that CGNPC has jumped from a regional player to a major player in the nuclear power industry.

Not only that, but in 2012, with the prospecting rights for the Sawafuchi uranium mine in Xinjiang going to CGNPC, the pattern of domestic uranium resources being exclusive to CNNC was broken. Not only is there fierce competition between CNNC and CGNPC in the construction of domestic projects, but in the past when they went out, there was also a phenomenon of mutual price pressures and unhealthy competition.

In 2012, China National Nuclear Corporation (CNNC) and China Guangdong Nuclear Corporation (CGNPC) joined forces with the United States, Japan and France to bid for a nuclear power project in the United Kingdom. And at the end of last year, foreign media sources said CNNC promised to provide at least $6.5 billion in loans to the $9.59 billion Pakistani nuclear power project, which will build two 1,100-megawatt reactors.

"CGNPC compared with CNNC, CGNPC was established later burden is lighter, mainly do nuclear power, management is more transparent, is a modern enterprise management model. And China's nuclear power, fuel and other sectors involved in nuclear power, corporate structure is huge and bloated, the historical burden is heavier," the source said frankly, "the profitability alone, China's nuclear has been inferior to China's Guangdong Nuclear."

The competition between CNNC and CGN continues. China's nuclear preparatory projects in the "inland", and "Twelfth Five-Year" period inland has not been liberalized, only to wait until the "Thirteenth Five-Year" period, which obviously aggravated the sense of urgency of the nuclear. CNNC chose to list on the Shanghai Stock Exchange, one of the considerations is to try to raise funds through the listing to step up preparations for the construction of new nuclear power plant projects.

While choosing to list in Hong Kong, CGNPC, the urgency of financing is even stronger, although its preparations for the construction of nuclear power projects in the coastal area, the possibility of liberalization of some of the greater, but because of the previous nuclear nuclear nuclear model can not be adapted to the project under construction now more than built commercial operation project, the investment to be more than the income of the situation, so the listing must be done.

Phoenix - nuclear power boss fight