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  1. Business - Commodities - ENERGY

    China Shenhua Energy foresees tepid coal demand in second half

    Posted Aug 24th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com China Shenhua sees tepid coal demand in second half China Shenhua Energy, the mainland's largest coal producer, expects demand for the fossil fuel to remain ... in 2011. Power demand increased 8.1 per cent year on year last month from 6 per cent in June. China Shenhua's net profit in the first half dropped to 24.9 billion yuan from 26.7 billion yuan ...

  2. Business - China Business - RESOURCES

    China Shenhua Energy takes on parent group's new coal, power assets

    Posted Aug 28th 2012, 12:00am by Eric Ng

    ... coal output. The Shenhua Group agreed this month to take over State Grid Energy Development from monopoly power distributor State Grid Corporation of China. Zhang said State Grid Energy had ... Eric Ng eric.mpng@scmp.com Listed coal giant to absorb parent company's newly acquired projects from State Grid China Shenhua takes on group's coal, power assets China Shenhua ...

  3. Business - Commodities

    Shenhua switches focus from coal production to power plants

    Posted Apr 01st 2014, 01:20am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com China Shenhua Energy concentrating on power generation, with flat coal sales targets Shenhua continues move away from coal China Shenhua Energy, the listed unit ... yuan. Selling and administrative expenses are expected to be 9.7 per cent higher at 13.5 billion yuan. The targets mean China Shenhua is planning for a 23 per cent decline in pre-tax profit ...

  4. Business - Commodities - ENERGY

    China Shenhua Energy asks its coal mining units to cut production costs

    Posted Apr 16th 2013, 03:24pm by Eric Ng

    ... Shenhua asks mining units to cut costs China Shenhua Energy has asked its coal mining units to cut their production costs for each tonne of coal by 5 per cent, in the face of tough market ... a burden, he said. China Shenhua chairman Zhang Xiwu said late last month that it was aiming to contain this year's unit production costs to within 10 per cent after a 9.7 per cent rise last ...

  5. Business - Commodities - EARNINGS

    Shenhua slashes investment budget as net drops

    Posted Oct 26th 2013, 02:55am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shenhua slashes investment budget as net drops China Shenhua Energy, the listed unit of the mainland's largest coal producer, Shenhua Group, has cut its ... in spending on logistics- covering expenditure on railways, ports and shipping. But expenditure on power generation has been revised up by 10 per cent to 14 billion yuan, China Shenhua said. ...

  6. Business - Commodities - EARNINGS

    Higher costs erode China Shenhua Energy's third-quarter profit

    Posted Oct 27th 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland coal producer also blames lower selling prices for 4pc drop in quarter's income Higher costs erode Shenhua profit China Shenhua Energy, the listed unit of the nation's largest coal producer Shenhua Group, posted a 4 per cent drop in third-quarter net profit, as lower coal selling prices and higher production costs offset increased ...

  7. PetroChina, Shenhua Energy tipped to join HSI

    Posted Oct 29th 2007, 12:00am by Staff Reporter

    ... Wong Ka-chun Two mainland industry leaders, PetroChina and China Shenhua Energy, are tipped to be added to the Hang Seng Index in the quarterly review on November 7, bringing the total constituent members to 42 from the present 40. Shenhua Energy has completed its share reform with the debut of its A shares while PetroChina is expected to complete its A-share offering on November 5, ...

  8. Shenhua Energy eyes parent's assets to boost reserves

    Posted May 13th 2006, 12:00am by Eric Ng

    ... Eric Ng China Shenhua Energy, the nation's largest coal producer, plans to acquire four coal companies from its parent, which could boost its reserves by 31 per cent and output ... Shenhua's recent acquisition of parent Shenhua Group's 70 per cent stake in coal and power firm Jinjie Energy, JP Morgan said. The difference in valuation represents value created for China ...

  9. Company profile- China Shenhua Energy

    Posted Jun 11th 2007, 12:00am by Staff Reporter

    ... China Shenhua Energy's principal activity is the manufacture and trading of coal. Other activities include power distribution in China, transport, harbour and port, and financial services. The group operates coal mines as well as an integrated railway network and a seaport that are primarily used to transport the group's coal sales. The primary customers ...

  10. Shenhua Energy and China Coal tap arrangers for IPOs in Shanghai

    Posted Aug 11th 2007, 12:00am by Staff Reporter

    ... in Shanghai, sources said. The two Beijing securities firms were now advising China Shenhua Energy and China Coal Energy on preparations for the sale, said the sources, who declined to be identified ... exchanges may top 400 billion yuan this year, twice as much as initial public offerings in Hong Kong, PricewaterhouseCoopers forecast in July. Shenhua Energy, the country's largest coal ...




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