China Shenhua Energy Company: Revenue and profit fell on lower coal prices and sales, but power capacity expanded

Revenue and net profit declined year-over-year due to lower coal and power prices and volumes, but gross margins improved across all segments. The company completed a major acquisition, increased coal reserves, advanced key projects, and proposed a high interim dividend payout.

Original document: China Shenhua Energy Co. Ltd. Class A [601088] Earnings Release — Aug. 29 2025

Revenue and net profit declined 21.1% and 18.0% year-over-year, respectively, due to lower coal and power demand and prices. The acquisition of Hangjin Energy was completed and consolidated, while new coal and port projects advanced as planned.

Original document: China Shenhua Energy Co. Ltd. Class A [601088] Earnings Release — Aug. 29 2025

China Shenhua Energy forecasts attributable profit to have decreased 8.6% to 16% to between 23.6 billion yuan and 25.6 billion yuan in the first half from the restated profit of 29.5 billion yuan in the year-ago period, according to a Monday filing with the Shanghai bourse.

The restatement accounts for the acquisition of 100% of Hangjin Energy held by China Energy Corp., the filing said.

The downbeat forecast is attributable to lower coal sales and average selling price, the filing said.

China Shenhua Energy commercial coal production fell 1.4% to 27.6 million tons in June from 28 million tons in the year-ago period, according to a Monday filing with the Shanghai bourse.

Coal sales slid 4.3% to 37.5 million tons from 39.2 million tons in the prior-year period.

Gross power generation in June grew 8% to 18.2 billion kilowatt-hours from 16.8 billion kilowatt-hours in the year-ago period.

Total power output dispatch increased 8.2% to 17.1 billion kilowatt-hours from 15.8 billion kilowatt-hours in the prior-year period.

China Shenhua Energy's commercial coal production fell 1.4% to 28 million tons in May from 28.4 million tons in the year-ago period, a Monday filing with the Hong Kong bourse said.

Coal sales slid nearly 11% to 32.5 million tons from 36.4 million tons in the prior-year period.

Gross power generation for May declined 9.1% to 15.22 billion kilowatt-hours from 16.75 billion kilowatt-hours in the year-ago period.

Total power output dispatch fell 9.2% to 14.29 billion kilowatt-hours from 15.74 billion kilowatt-hours previously.

From January to May, coal output and sales fell 1.7% and 12%, respectively, to 137.8 million tons and 167.4 million tons.