On the banks of the Karakash River in Hotan, Xinjiang, a hydropower station that has been operating safely for 14 years is quietly changing this land. The once barren riverbank is now covered in green, and millions of acres of Populus euphratica forests are revitalized under the nourishment of ecological water regulation. Behind all of this is the continuous and stable operation of the CNNC Xinjiang Hetian Bobona Hydropower Station. Now, this clean energy project, known as the "heart of electricity" in Hotan region, has ushered in new development opportunities through capital market innovation.

Market recognition exceeds expectations

On February 2, 2026, CNNC's first publicly offered REITs, Huaxia CNNC Clean Energy REIT (fund code: 508050), was officially listed and traded on the Shanghai Stock Exchange. On the first day of listing, the market responded enthusiastically, approaching the daily limit up and closing up 28.16%, fully demonstrating the high recognition of the capital market for the value of China National Nuclear Corporation's high-quality clean energy assets. This increase marks a new high in the clean energy REITs market, reflecting investors' strong confidence in the long-term stable returns of clean energy assets.

8.856 billion kilowatt hours of power generation in 2014

As the underlying asset of this REITs, the CNNC Xinjiang Hetian Bobona Hydropower Station is the largest and most stable clean energy project in the Hetian region. Since its commissioning, the hydropower station has been operating safely for over 14 years, with a cumulative power generation of 8.856 billion kilowatt hours, completely improving the local power supply situation. While ensuring energy security, the hydropower station effectively nourishes millions of acres of Populus euphratica forests in the basin through ecological water diversion, gradually turning the barren land on both sides of the Karakash River into green, achieving the organic unity of "green mountains and clear waters" and "golden mountains and silver mountains".

Assist in achieving the 'dual carbon' goal

This water and electricity public offering REITs is an important practice for China National Nuclear Corporation to implement the decision-making and deployment of effectively revitalizing existing assets and promoting green finance innovation in China. This innovation not only successfully created the first clean energy asset listing platform for the group company, opened up a new path for social capital to participate in green investment, but also pioneered a new model for the group company to use capital empowerment to drive asset operation efficiency improvement and value release path.

In the future, Xinhua Power Generation, a subsidiary of CNNC, will use the public REITs platform as a pivot to actively reserve and cultivate high-quality assets and expand fundraising, forming a new pattern of "green asset development cultivation listing feedback reinvestment" in the industry finance cycle. On the journey of high-quality development and fulfilling the responsibilities of central enterprises, it will continue to write a green chapter and contribute to China's achievement of the "dual carbon" goal with the strength of central enterprises.Editor/Yang Meiling