China Shenhua Energy Co., Ltd. (China Shenhua) announced its interim results for the six months ended June 30, 2024. The report shows that the group's revenue was RMB 168.078 billion, a decrease of 0.8% compared to the same period last year; the profit attributable to the owners of the company was RMB 32.771 billion, a decrease of 11.1%; and the basic earnings per share was RMB 1.649. The sales volume of coal achieved a year-on-year increase of 5.4%, but the average selling price decreased by 5.8%. The electricity generation increased by 3.8% year-on-year, but the average selling price decreased by 3.3%. The turnover volume of railroads increased by 7.3%, and the loading volume of ports increased by 9.3%. The coal chemical division saw a decrease in sales volume...Show More

China Shenhua Energy Co., Ltd. (China Shenhua) announced its interim results for the six months ended June 30, 2024. The report shows that the group's revenue was RMB 168.078 billion, a decrease of 0.8% compared to the same period last year; the profit attributable to the owners of the company was RMB 32.771 billion, a decrease of 11.1%; and the basic earnings per share was RMB 1.649. The sales volume of coal achieved a year-on-year increase of 5.4%, but the average selling price decreased by 5.8%. The electricity generation increased by 3.8% year-on-year, but the average selling price decreased by 3.3%. The turnover volume of railroads increased by 7.3%, and the loading volume of ports increased by 9.3%. The coal chemical division saw a decrease in sales volume of polyolefin products due to production equipment maintenance. The group actively responds to market changes, optimizes coal source organization, innovates marketing strategies, and strengthens safety production and eco-friendly management to promote green and low-carbon transformation. During the reporting period, the group did not experience significant risks and has taken corresponding risk mitigation measures.