https://www.scmp.com/rss/225933/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The listed flagship companies of state-owned coal giant Shenhua Group and power major China Guodian Group have proposed to merge their coal-fired power assets, worth over 60 billion yuan (US$9.05 billion). The new combination of China Shenhua Energy and GD Power will be jointly owned, but GD Power will have the controlling stake, both sides said in separate filings. Shenhua Group, the parent of Hong Kong and Shanghai-listed Shenhua will be renamed China Energy Investment, which will merge with... https://www.scmp.com/business/companies/article/2108744/energy-giant-born-china-shenhua-and-gd-power-merge-coal-power?utm_source=rss_feed https://www.scmp.com/business/companies/article/2108744/energy-giant-born-china-shenhua-and-gd-power-merge-coal-power?utm_source=rss_feed Tue, 29 Aug 2017 05:13:47 +0000 The merger of coal-to-power energy titan Shenhua Group and one of the nation’s big five state-owned power generators, China Guodian Group has received Beijing’s blessings, which will create the world’s largest power utility firm. “With approval by the State Council, China Guodian Group and Shenhua Group will be merged and restructured into State Energy Investment Group,” Sate-owned Assets Supervision and Administration Commission, the manager of state firms under the direct supervision of the... https://www.scmp.com/business/companies/article/2108663/beijing-approves-shenhua-guodian-marriage-become-worlds-biggest?utm_source=rss_feed https://www.scmp.com/business/companies/article/2108663/beijing-approves-shenhua-guodian-marriage-become-worlds-biggest?utm_source=rss_feed Mon, 28 Aug 2017 12:00:15 +0000 Shares of coal mining giant China Shenhua Energy fell as much as 5 per cent on Friday after it revealed that production on two of its mines have been disrupted due to “land requisition” problems. The Ha’erwusu mine was suspended from the start of this month, while its Baorixile mine is now only “maintaining minimal production.” Both are located in the Inner Mongolia autonomous region which accounts for the majority of its output. “The company has been proactively taking responsive measures … to... https://www.scmp.com/business/companies/article/2105488/china-shenhua-shares-fall-mining-disruption-crimps-earnings?utm_source=rss_feed https://www.scmp.com/business/companies/article/2105488/china-shenhua-shares-fall-mining-disruption-crimps-earnings?utm_source=rss_feed Fri, 04 Aug 2017 11:52:48 +0000 China’s government is poised to create a 1.8 trillion yuan (US$265 billion) industrial juggernaut by merging the country’s largest coal miner Shenhua Group with power producing giant China Guodian Corp, a move to bolster corporate performance, reduce over-capacity and improve management, according to two sources familiar with the plan. The Hong Kong-traded units of both companies said their state-owned parents are in the middle of handling “important matters,” according to public statements to... https://www.scmp.com/business/china-business/article/2096998/china-create-us265-billion-industrial-giant-shenhua-guodian?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2096998/china-create-us265-billion-industrial-giant-shenhua-guodian?utm_source=rss_feed Tue, 06 Jun 2017 00:30:14 +0000 Shares of China Shenhua Energy, the listed flagship of the nation’s largest coal producer, Shenhua Group, jumped as much as 20.2 per cent after its board declared a dividend payout of more than double its net profit for last year. The firm announced late on Friday that it would pay a final dividend of 46 fen per share – up 43.8 per cent from 2015 – besides a special dividend of 2.51 yuan. The total payout for 2016 amounts to 59.1 billion yuan (US$8.6 billion), 237 per cent of the company’s net... https://www.scmp.com/business/companies/article/2080410/coal-producer-china-shenhua-surges-huge-special-dividend-payout?utm_source=rss_feed https://www.scmp.com/business/companies/article/2080410/coal-producer-china-shenhua-surges-huge-special-dividend-payout?utm_source=rss_feed Mon, 20 Mar 2017 03:36:49 +0000 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. In a statement on Monday night, the company said it is looking at a 15.4 per cent fall in revenue to 210 billion yuan for this year, after a 12.5 per cent decline last year to 248.4 billion yuan. It expects coal sales to... https://www.scmp.com/business/commodities/article/1716075/coal-miner-shenhua-down-after-sales-warning?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1716075/coal-miner-shenhua-down-after-sales-warning?utm_source=rss_feed Tue, 17 Feb 2015 04:40:04 +0000 China Shenhua Energy, the listed unit of the nation's largest coal producer Shenhua Group Corp, plans to acquire from its parent company 3,500 megawatts of "near-zero emission" coal-fired power plants as part of a five-year asset acquisition programme. The plan, to be funded by a share sale on the mainland, would not result in lower profitability of its power generation business, vice-chairman Ling Wen said. "To meet stricter emission regulations, we must invest in upgrading our plants, but this... https://www.scmp.com/business/commodities/article/1580540/china-shenhua-energy-acquire-plants-parent?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1580540/china-shenhua-energy-acquire-plants-parent?utm_source=rss_feed Mon, 25 Aug 2014 07:32:04 +0000 China Shenhua Energy, the listed unit of the mainland's largest coal producer, Shenhua Group, has cut its capital investment budget by 19 per cent after posting a 21.6 per cent year-on-year drop in third-quarter net profit. The firm cited "changes in the external investment and operating environment" and project approval progress for the revision of its overall budget for capacity expansion to 54.5 billion yuan (HK$69 billion) from 67.5 billion yuan announced in March. All the cuts are related... https://www.scmp.com/business/commodities/article/1340033/shenhua-slashes-investment-budget-net-drops?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1340033/shenhua-slashes-investment-budget-net-drops?utm_source=rss_feed Fri, 25 Oct 2013 19:00:00 +0000 China Shenhua Energy, the mainland's largest coal producer, expects demand for the fossil fuel to remain lacklustre in the second half of the year and supply to fall. The company said yesterday its interim profit fell 7 per cent, which was a better result than analysts had expected. "China's coal demand is expected to maintain its low-growth in the second half," the company said in its results report. "As some high-cost, low-quality, highway transportation-reliant mines have already cut output... https://www.scmp.com/business/commodities/article/1299074/china-shenhua-energy-foresees-tepid-coal-demand-second-half?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1299074/china-shenhua-energy-foresees-tepid-coal-demand-second-half?utm_source=rss_feed Fri, 23 Aug 2013 16:00:00 +0000 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 conditions. The listed unit of the nation's largest coal producer, Shenhua Group, has adopted a series of measures to reduce costs amid weak demand, said vice-president Zhai Guiwu. "In the face of this market condition … we have asked our operating units to cut production costs by 5 per cent from their budget," he said on the sidelines of the... https://www.scmp.com/business/commodities/article/1215999/china-shenhua-energy-aims-cuts-costs-amid-weak-demand?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1215999/china-shenhua-energy-aims-cuts-costs-amid-weak-demand?utm_source=rss_feed Tue, 16 Apr 2013 07:24:31 +0000 Relations between the Australian mining billionaire Clive Palmer and the Hong Kong-listed but state-owned Citic Pacific are not getting any better. Their dispute centres on what can best be described as the "troubled" Sino Iron Ore project in Western Australia. In 2006, Palmer sold Citic the right to mine magnetite iron ore in the Pilbara region in exchange for royalty payments. Citic agreed to build the infrastructure, but the "deal of the century", as analysts call it, because it heavily... https://www.scmp.com/business/article/1200539/clive-palmer-comes-iron-man-citic-pacific?utm_source=rss_feed https://www.scmp.com/business/article/1200539/clive-palmer-comes-iron-man-citic-pacific?utm_source=rss_feed Tue, 26 Mar 2013 16:00:00 +0000 Mining majors China Shenhua Energy and Yanzhou Coal Mining are looking at flat or declining sales volumes this year, as falling coal prices see them cut procurement from third parties to make room for sales from their own mines. China Shenhua said it aimed to sell 464.6 million tonnes of coal this year, the same as last year. Marketable coal output was planned to grow 3.6 per cent to 315 million tonnes. Its procurement of third-party coal will fall 6.8 per cent to 149.6 million tonnes. Yanzhou... https://www.scmp.com/business/commodities/article/1199781/china-coal-mine-firms-see-sales-2012-flat-or-falling?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1199781/china-coal-mine-firms-see-sales-2012-flat-or-falling?utm_source=rss_feed Mon, 25 Mar 2013 16:00:00 +0000 China may reduce the government’s role in the thermal coal market by canceling state-directed term contracts signed annually between producers and buyers, Shanghai Securities News said today. The National Development and Reform Commission, China’s top economic planner, may also let companies negotiate directly with rail authorities for transport needs, the newspaper reported, citing unidentified people. The plan to scrap the annual deals has been submitted to the State Council, or Cabinet, for... https://www.scmp.com/business/commodities/article/1091034/china-may-scrap-government-set-coal-contracts-paper-says?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1091034/china-may-scrap-government-set-coal-contracts-paper-says?utm_source=rss_feed Mon, 26 Nov 2012 03:27:48 +0000 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 sales. Net profit was 12.1 billion yuan (HK$15 billion), compared with 12.6 billion yuan in the same period last year. For the first nine months, profit grew 9.1 per cent to 38.85 billion yuan. Sales volume in the nine months rose 15 per cent, while the average selling price fell... https://www.scmp.com/business/commodities/article/1070733/higher-costs-erode-china-shenhua-energys-third-quarter-profit?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1070733/higher-costs-erode-china-shenhua-energys-third-quarter-profit?utm_source=rss_feed Fri, 26 Oct 2012 16:00:00 +0000 In a sign of further reforms in the country's rail sector, China Shenhua Energy hopes to invest more than 10 billion yuan (HK$12.23 billion) in coal rail projects. Shenhua, the Hong Kong- and Shanghai-listed unit of Shenhua Group, the mainland's biggest coal producer, was in talks with the Ministry of Railways to invest in new rail projects, said Zhang Xiwu, chairman of the state-controlled firm. "The ministry is liberalising private investment in rail projects," he said. The company had already... https://www.scmp.com/business/china-business/article/1028354/right-track-railway-reform?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1028354/right-track-railway-reform?utm_source=rss_feed Sun, 02 Sep 2012 16:00:00 +0000 China Shenhua Energy, the listed unit of the nation's biggest coal producer, the Shenhua Group, plans to buy a coal-to-liquid fuel and chemicals project, coal mines, and coal and power assets recently acquired by its parent from the State Grid Corp of China. China Shenhua was close to finishing due diligence on its parent's wholly owned Inner Mongolian production facilities that turn coal into liquid fuel and chemicals, as well as on Shaanxi Shenyan Coal, in which its parent had a controlling... https://www.scmp.com/business/china-business/article/1023897/china-shenhua-energy-takes-parent-groups-new-coal-power?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1023897/china-shenhua-energy-takes-parent-groups-new-coal-power?utm_source=rss_feed Mon, 27 Aug 2012 16:00:00 +0000 China Shenhua Energy, the listed unit of the mainland's largest coal producer Shenhua Group, saw its share price fall after it predicted small production and sales growth this year despite posting an annual result that was in line with market expectations. The company is aiming for a 2.8 per cent rise in production volume to 289.9 million tonnes and for sales to grow 6 per cent to 410.5 million tonnes. This contrasts with last year's output growth of 14.8 per cent and a sales rise of 23.7 per... https://www.scmp.com/article/996700/china-shenhua-predicts-smaller-sales-growth?utm_source=rss_feed https://www.scmp.com/article/996700/china-shenhua-predicts-smaller-sales-growth?utm_source=rss_feed Mon, 26 Mar 2012 16:00:00 +0000 Anglo American, the world's second-largest mining company, yesterday tried to sell its entire stake in China Shenhua Energy for as much as HK$5.63 billion through a share placement to end its shareholding relationship with the coal giant, market sources said. The South African-based mining firm was selling 155.612 million Shenhua Energy shares at HK$35.46 to HK$36.19 each, a discount of up to 5.94 per cent to the stock's close of HK$37.70 yesterday, said a sale document obtained by... https://www.scmp.com/article/635685/anglo-american-offers-shenhua-stake-sale?utm_source=rss_feed https://www.scmp.com/article/635685/anglo-american-offers-shenhua-stake-sale?utm_source=rss_feed Mon, 28 Apr 2008 16:00:00 +0000 China Shenhua Energy, the mainland's largest coal producer, will raise as much as 66.6 billion yuan from a domestic share sale, the biggest offering in the mainland. Shenhua Energy's A-share deal will exceed that of China Construction Bank, which raised 58.05 billion yuan in a domestic initial public offering earlier this month. China Shenhua yesterday said it set the price for its 1.8 billion A shares at between 34.99 yuan and 36.99 yuan each. The range represents a 14.5 per cent to 19 per... https://www.scmp.com/article/609029/china-shenhua-eyes-66b-yuan-share-sale?utm_source=rss_feed https://www.scmp.com/article/609029/china-shenhua-eyes-66b-yuan-share-sale?utm_source=rss_feed Sun, 23 Sep 2007 16:00:00 +0000 China Shenhua Energy, the nation's largest coal producer, has agreed to spend 870 million yuan to raise its stakes in two power units, expanding its generation capacity 5.5 per cent. The firm said it would buy additional 15 per cent stakes in both Tianjin Guohua Panshan Power Generation (Panshan) and Liaoning-based Suizhong Power, raising its stake in each power producer to 65 per cent. China Shenhua will pay 480 million yuan for the Panshan interest and 390 million yuan for the Suizhong... https://www.scmp.com/article/596485/shenhua-spends-870m-yuan-expand-capacity?utm_source=rss_feed https://www.scmp.com/article/596485/shenhua-spends-870m-yuan-expand-capacity?utm_source=rss_feed Mon, 11 Jun 2007 16:00:00 +0000 Firm sells more coal but lower sale prices affect margins China Shenhua Energy, the world's second-largest coal producer by sales volume, posted an 11.8 per cent rise in net profit to a record 17.46 billion yuan for last year, although it was below market expectation due to lower than expected coal sale prices. The profit is 7.2 per cent lower than the 18.83 billion yuan mean forecast of 21 analysts polled by Thomson First Call and 5.4 per cent below the 18.45 billion yuan forecast of the... https://www.scmp.com/article/586511/shenhua-falls-short-record-175b-yuan-profit?utm_source=rss_feed https://www.scmp.com/article/586511/shenhua-falls-short-record-175b-yuan-profit?utm_source=rss_feed Sun, 25 Mar 2007 16:00:00 +0000