China Shenhua Energy

China Shenhua Energy Co was incorporated in Beijing in 2004, and listed H shares in Hong Kong in June 2005, and A shares in Shanghai in 2007. China Shenhua’s main business includes production and sale of coal, railway and port transportation of coal-related materials, as well as power generation and sales. China Shenhua, with the largest coal reserves, is largest coal supplier and vendor in China. 

The coal mining sector is in oversupply after years of rapid capacity expansion. Photo: AFP

Coal miner Shenhua down after sales warning

Shares of China Shenhua Energy, the listed unit of the nation’s largest coal miner Shenhua Group, dropped up to 3.8 per cent after giving a bearish projection of its revenue and sales volume for this year.

It closed the morning trading session down 1.68 per cent at HK$20.55.