https://www.scmp.com/rss/49071/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 China Shenhua Energy, the listed flagship of the nation's largest coal producer. Shenhua Group, posted a 5.9 per cent year-on-year rise in first-quarter net profit, thanks to higher production and sales. Net profit rose to 11.74 billion yuan (HK$14.44 billion) from 11.09 billion yuan a year earlier. Revenues grew 25.3 per cent to 59.53 billion yuan on the back of a 16 per cent rise in sales, to 108.3 million tonnes, and a 5.8 per cent increase in average selling price, to 441.2 yuan per... https://www.scmp.com/article/999424/china-shenhua-profit-59pc-higher-coal-sales?utm_source=rss_feed https://www.scmp.com/article/999424/china-shenhua-profit-59pc-higher-coal-sales?utm_source=rss_feed Fri, 27 Apr 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 China Coal Energy, the listed unit of the nation's second-largest coal producer, has formed a joint venture with customer China Power International Development (CPID) in Shanxi province, in its first investment in a large coal-fired power project. It is the latest in a string of investments by mainland state-backed coal miners into power projects, reflecting producers' confidence in power generation. The sector has had low profitability due to state control on power prices amid high... https://www.scmp.com/article/983752/china-coal-expands-power-generation?utm_source=rss_feed https://www.scmp.com/article/983752/china-coal-expands-power-generation?utm_source=rss_feed Wed, 02 Nov 2011 16:00:00 +0000 China Shenhua Energy is in talks to buy more power plants. The coal producer hopes to pick up cheap assets in the power sector, which is suffering widespread losses because of state caps on tariffs to curb inflation. 'This is a good time to buy and we are in talks with several targets, but we don't have any specific target in terms of investment and quantity of plants,' chairman Zhang Xiwu said. Lifting the number of power plants would help lower Shenhua's risks should coal prices fall in... https://www.scmp.com/article/977589/shenhua-hunts-cheap-assets-power-sector?utm_source=rss_feed https://www.scmp.com/article/977589/shenhua-hunts-cheap-assets-power-sector?utm_source=rss_feed Mon, 29 Aug 2011 16:00:00 +0000 Beijing has ordered major coal producers to freeze prices to help the nation fight inflation, but an analyst said the surprise move would hurt investment sentiment. The price bureau of the National Development and Reform Commission (NDRC) said yesterday after meeting major industry players that they would keep prices stable. They included Shenhua Group, parent of listed China Shenhua Energy; China National Coal Group, parent of listed China Coal Energy; and producers in Inner Mongolia, Shanxi... https://www.scmp.com/article/718175/anti-inflationary-coal-price-freeze-could-hurt-share-prices?utm_source=rss_feed https://www.scmp.com/article/718175/anti-inflationary-coal-price-freeze-could-hurt-share-prices?utm_source=rss_feed Fri, 25 Jun 2010 16:00:00 +0000 Four senior officials from an Inner Mongolia unit of the mainland's largest coal producer, Shenhua Group, have been detained by police at a Beijing hotel for allegedly hiring prostitutes with company funds, state media reported. Wen Heping, the deputy party secretary and head of the disciplinary inspection committee at state-owned Shenhua Group Zhungeer Energy, had led the group of four for sex in a hotel in the Asian Games Village in the northern outskirts of the capital, according to... https://www.scmp.com/article/702541/four-shenhua-unit-officials-held-sex-scandal?utm_source=rss_feed https://www.scmp.com/article/702541/four-shenhua-unit-officials-held-sex-scandal?utm_source=rss_feed Thu, 31 Dec 2009 16:00:00 +0000 China Shenhua Energy, the listed unit of the country's largest coal producer Shenhua Group, posted a 14.6 per cent increase in net profit for the first nine months of this year, thanks to higher selling volume and prices. The company reported a net profit of 26.03 billion yuan (HK$29.54 billion), up from 22.71 billion yuan a year earlier, based on international accounting standards. Third-quarter profit was 9.11 billion yuan, 15.4 per cent higher than the 7.89 billion yuan gain a year earlier,... https://www.scmp.com/article/696663/shenhua-energy-net-climbs-146pc?utm_source=rss_feed https://www.scmp.com/article/696663/shenhua-energy-net-climbs-146pc?utm_source=rss_feed Tue, 27 Oct 2009 16:00:00 +0000 China Shenhua Energy, the listed flagship of the country's largest coal producer, Shenhua Group, expects production costs to keep rising for the rest of the year after recording a better than projected first-quarter profit. Net profit was 7.94 billion yuan (HK$9 billion) in the quarter, up 17.19 per cent from 6.77 billion yuan a year ago. The company is expected to earn 28.1 billion yuan for the full year, up from 26.59 billion yuan last year, according to 25 analysts polled by Thomson... https://www.scmp.com/article/678552/shenhua-wary-rising-costs-profit-climbs?utm_source=rss_feed https://www.scmp.com/article/678552/shenhua-wary-rising-costs-profit-climbs?utm_source=rss_feed Tue, 28 Apr 2009 16:00:00 +0000 Mainland power firms surged yesterday on speculation the country's largest listed coal producer, China Shenhua Energy, has cut its asking price for this year's contracts, as well as news of lower spot market prices and higher inventory at a key port. Shenhua Group, the parent of China Shenhua, had verbally agreed to cut its quoted price on this year's seaborne coal contracts by 50 yuan (HK$56.72) a tonne to 490 yuan, China Business News reported, citing a power firm's contract negotiator. A... https://www.scmp.com/article/670602/shenhua-price-cut-boosts-power-firms?utm_source=rss_feed https://www.scmp.com/article/670602/shenhua-price-cut-boosts-power-firms?utm_source=rss_feed Thu, 19 Feb 2009 16:00:00 +0000 The share prices of mainland power producers rallied in Hong Kong yesterday after they fended off calls from coal suppliers for price increases during a conference held last week to negotiate contracts for next year. Datang International Power Generation paced gains, jumping 9.04 per cent to HK$4.10. Huaneng Power International rose for the first time in five trading days, climbing 6.09 per cent to HK$5.40. Mainland power producers have incurred steep losses this year as the economic... https://www.scmp.com/article/665258/power-producers-rally-after-coal-price-talks?utm_source=rss_feed https://www.scmp.com/article/665258/power-producers-rally-after-coal-price-talks?utm_source=rss_feed Mon, 29 Dec 2008 16:00:00 +0000 The chairman of China Shenhua Group, Chen Biting, is set to retire and may be replaced by the group's president Zhang Xiwu. Mr Chen, 63, had passed the standard retirement age of 60 for deputy minister-grade cadres and would soon retire, Caijing reported without saying where it got the information. The former Jiangsu province vice-governor has also served as chairman of listed Shenhua since 2004. Mr Chen will likely be succeeded by Mr Zhang, who is also a non-executive director of Shenhua,... https://www.scmp.com/article/663948/shenhua-changeover-have-little-impact?utm_source=rss_feed https://www.scmp.com/article/663948/shenhua-changeover-have-little-impact?utm_source=rss_feed Mon, 15 Dec 2008 16:00:00 +0000 Mainland coal stocks slumped yesterday on investor jitters that new regulatory price caps could eat into producers' profits, but Yanzhou Coal Mining eased some concern saying that its first half profit had probably more than tripled. Thermal coal prices at key ports such as Qinhuangdao and Tianjin will remain at June 19 levels, the National Development and Reform Commission said yesterday. 'This is a near-term negative for market sentiment as it underlines the risk of government policy... https://www.scmp.com/article/646669/mainland-coal-stocks-end-lower-price-cap-fears?utm_source=rss_feed https://www.scmp.com/article/646669/mainland-coal-stocks-end-lower-price-cap-fears?utm_source=rss_feed Fri, 25 Jul 2008 16:00:00 +0000 China Shenhua Energy's principal activity is the mining and trading of coal. Other activities include power distribution on the mainland, transport, harbour and port, and financial services. The group operates coal mines, and an integrated railway network and a seaport are primarily used to transport the group's coal. The primary customers of the group's coal sales include power plants and metallurgical producers on the mainland. The group also operates power plants on the mainland that are... https://www.scmp.com/article/640031/company-profile-china-shenhua?utm_source=rss_feed https://www.scmp.com/article/640031/company-profile-china-shenhua?utm_source=rss_feed Sun, 01 Jun 2008 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 listed unit of the nation's largest coal producer Shenhua Group, posted 37.67 per cent growth in first-quarter net profit on the back of higher sales volume and price. The company's net profit amounted to 6.77 billion yuan (HK$7.57 billion) in the three months to March, up from 4.92 billion yuan in the year-earlier period based on international accounting standards. Turnover surged 28.66 per cent to 23.79 billion yuan on the back of a 10.3 per cent rise in weighted... https://www.scmp.com/article/635108/shenhua-energy-profit-rises-377pc-higher-sales-volume-and-price?utm_source=rss_feed https://www.scmp.com/article/635108/shenhua-energy-profit-rises-377pc-higher-sales-volume-and-price?utm_source=rss_feed Thu, 24 Apr 2008 16:00:00 +0000 Today 1st Quarter: Air China, Beijing North Star, Beiren Printing Machinery Holdings, China Shenhua Energy, China Unicom, Jingwei Textile Machinery, ZTE Corp Interim: Capital Estate, Yueshou Environmental Holdings Final: Ajisen (China) Holdings, Apex Capital, Asian Union New Media (Group), China Railway Gp, Haier Electronics Gp, Hisense Kelon Electrical Holdings, Hua Lien Int'l (Holding), Irico Gp Electronics, Keck Seng Investments (HK), Min Xin Holdings, Shenji Gp Kunming Machine Tool, SinoCom... https://www.scmp.com/article/634900/results?utm_source=rss_feed https://www.scmp.com/article/634900/results?utm_source=rss_feed Wed, 23 Apr 2008 16:00:00 +0000 My relationship with my wife is very good. The day we got married, I knew exactly what kind of person she was ... Is this what press freedom really stands for? Is this incident something worth talking about for three months? Should the media be presented with a gold medal? I think it is a disgrace for Hong Kong. Singer and actor Nicholas Tse Ting-fung, attacking the media and defending the virtue of his wife Cecilia Cheung Pak-chi, one of the actresses caught up in the celebrity sex-photos... https://www.scmp.com/article/630805/quotes-week?utm_source=rss_feed https://www.scmp.com/article/630805/quotes-week?utm_source=rss_feed Fri, 21 Mar 2008 16:00:00 +0000 China Shenhua Energy aims to buy all of its parent firm's assets in two to three years and acquire coal assets in Indonesia, Australia and Mongolia, as it seeks to maintain growth as profit margins shrink amid rising costs. Shenhua president Ling Wen yesterday said its parent Shenhua Group would gradually complete its 'overall flotation' plan. 'We don't have a concrete timetable, but we strive to complete this goal in two to three years,' Mr Ling said. Chairman Chen Biting said the parent firm... https://www.scmp.com/article/630338/shenhua-acquisition-trail-shore-waning-profitability?utm_source=rss_feed https://www.scmp.com/article/630338/shenhua-acquisition-trail-shore-waning-profitability?utm_source=rss_feed Mon, 17 Mar 2008 16:00:00 +0000 China Coal Energy, the nation's second-largest producer of the fuel by market value, is expected to rise sharply in its debut on the Shanghai Stock Exchange today despite weak market sentiment. However, it is unlikely to repeat the stellar debuts of fellow energy stocks PetroChina and China Shenhua Energy late last year, even after its 25.67 billion yuan A-share offer was 122 times subscribed thanks to a low final price of 16.70 yuan compared to its H shares. 'I think China Coal should have... https://www.scmp.com/article/625042/strong-shanghai-debut-expected-china-coal?utm_source=rss_feed https://www.scmp.com/article/625042/strong-shanghai-debut-expected-china-coal?utm_source=rss_feed Thu, 31 Jan 2008 16:00:00 +0000 Beijing has set an official industry policy for the first time on supporting coal companies investing in overseas resources, as part of efforts to enhance the nation's long-term energy security. 'Companies will be encouraged to invest in overseas mining projects,' the National Development and Reform Commission said in a circular. Analysts say as coal is expected to remain the main power generating resource for the nation until at least 2020 and domestic reserves are relatively limited, it... https://www.scmp.com/article/617640/mainland-encouraging-coal-firms-search-foreign-mining-projects?utm_source=rss_feed https://www.scmp.com/article/617640/mainland-encouraging-coal-firms-search-foreign-mining-projects?utm_source=rss_feed Thu, 29 Nov 2007 16:00:00 +0000 China Shenhua Energy, the country's biggest coal producer, is weighing a prospective US$4 billion bid for a controlling stake in Adaro Indonesia, the second-largest Indonesian coal producer, sources said. Shenhua was invited earlier this year to take a small stake in Adaro before its planned listing in Jakarta next year to raise up to US$750 million but declined the offer, the sources said. 'They were holding out for more,' a person familiar with Shenhua said. The source said on the... https://www.scmp.com/article/617166/shenhua-mulls-us4b-bid-control-adaro?utm_source=rss_feed https://www.scmp.com/article/617166/shenhua-mulls-us4b-bid-control-adaro?utm_source=rss_feed Sun, 25 Nov 2007 16:00:00 +0000 China Shenhua Energy, the mainland's biggest coal producer, saw its share price surge 24.01 per cent to a record yesterday after investment bank UBS almost tripled its target price. The stock gained HK$11.20 to close at HK$57.85, with HK$6.77 billion worth of shares changing hands. It was the third most active stock in the market. Its Shanghai-traded A shares, which debuted on Tuesday, hit the 10 per cent daily ceiling to close at 83.85 yuan. UBS yesterday lifted its 12-month target on Shenhua... https://www.scmp.com/article/611236/shenhua-jumps-24pc-after-ubs-upgrade?utm_source=rss_feed https://www.scmp.com/article/611236/shenhua-jumps-24pc-after-ubs-upgrade?utm_source=rss_feed Thu, 11 Oct 2007 16:00:00 +0000 Shares of China Shenhua Energy surged 87.35 per cent on their mainland trading debut yesterday but the company's chairman said the performance was disappointing, in a sign that the market is losing its grip on reality. 'The debut price was within expectations,' said Chen Biting. 'But I am still a wee bit disappointed.' The mainland's biggest coal producer, which raised 66.58 billion yuan in the largest A-share initial public offering, closed at 69.30 yuan in Shanghai. The rally topped analysts'... https://www.scmp.com/article/610899/shenhua-soars-87pc-chief-still-not-happy?utm_source=rss_feed https://www.scmp.com/article/610899/shenhua-soars-87pc-chief-still-not-happy?utm_source=rss_feed Tue, 09 Oct 2007 16:00:00 +0000 China Shenhua Energy's record-setting share sale on the A-share market is set to provide mainland investors another option to profit from the country's strong economic growth, alongside highly valued banks and developers. Shenhua Energy, the mainland's largest coal producer, drew subscriptions worth a record 2.66 trillion yuan, the company said in a statement to the Shanghai Stock Exchange yesterday. That exceeded the 2.26 trillion yuan in subscriptions for China Construction Bank a week... https://www.scmp.com/article/609368/shenhua-energy-ipo-attracts-27-trillion-yuan?utm_source=rss_feed https://www.scmp.com/article/609368/shenhua-energy-ipo-attracts-27-trillion-yuan?utm_source=rss_feed Wed, 26 Sep 2007 16:00:00 +0000 Interim net earnings up 19.8pc to 10.3b yuan China Shenhua Energy, the nation's largest coal producer, said strong domestic demand amid the country's soaring power consumption boosted its first-half profit by 19.8 per cent. Net profit rose to 10.3 billion yuan for the six months ended June from 8.6 billion yuan a year ago while sales rose 29.8 per cent to 38.3 billion yuan. Earnings were slightly higher than a Bloomberg mean estimate of 10.16 billion yuan. Mainland coal mining companies are... https://www.scmp.com/article/604815/strong-demand-boosts-shenhua-energy-profit?utm_source=rss_feed https://www.scmp.com/article/604815/strong-demand-boosts-shenhua-energy-profit?utm_source=rss_feed Sun, 19 Aug 2007 16:00:00 +0000 China Shenhua Energy plans to increase its gross power generation capacity 14.8 per cent by year-end, compared with the level at the end of June, as plants ordered during energy shortages more than two years ago come on stream amid surging power demand. The listed subsidiary of Shenhua Group, the mainland's largest coal producer, planned to start up 1,860 megawatts (MW) of new coal-fired plants in the second half after commissioning 600 MW of generators in the first half, said company secretary... https://www.scmp.com/article/604256/china-shenhua-raise-output-capacity-148pc?utm_source=rss_feed https://www.scmp.com/article/604256/china-shenhua-raise-output-capacity-148pc?utm_source=rss_feed Tue, 14 Aug 2007 16:00:00 +0000 China Shenhua Energy, the nation's largest coal producer, has unveiled a long-awaited plan to list shares in the mainland in a deal worth 47.8 billion yuan, making it the latest Hong Kong-listed state-owned heavyweight to return to the A-share market. Shenhua Energy also announced plans to spend 3.32 billion yuan to buy assets from its parent, including a 2.02 billion yuan coal mine in Inner Mongolia that will boost its marketable reserves by 6.19 per cent, and a string of power plants and coal... https://www.scmp.com/article/599143/shenhua-energy-unveils-plans-list-shanghai?utm_source=rss_feed https://www.scmp.com/article/599143/shenhua-energy-unveils-plans-list-shanghai?utm_source=rss_feed Mon, 02 Jul 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 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 of the group's coal sales include power plants and metallurgical producers in the mainland. The group also operates power plants in the ... https://www.scmp.com/article/596273/company-profile-china-shenhua-energy?utm_source=rss_feed https://www.scmp.com/article/596273/company-profile-china-shenhua-energy?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 China still has a long way to go in establishing a properly functioning national coal exchange as suppliers and buyers would likely continue to sell the commodity through contracts that allow for bargaining, industry experts and analysts said. However, the approval for the establishment of a coal exchange was an encouraging sign that the country was working towards higher transparency in pricing and the possibility of futures for hedging, they said. Earlier this month, the State Council, ... https://www.scmp.com/article/594576/coal-exchange-takes-time-function-well?utm_source=rss_feed https://www.scmp.com/article/594576/coal-exchange-takes-time-function-well?utm_source=rss_feed Sun, 27 May 2007 16:00:00 +0000 The central government has given the green light for the establishment of a national coal exchange, liberalising one of the last remaining commodities whose price is still under state control. The State Council, or cabinet, has approved the exchange to be set up in Taiyuan, capital of Shanxi, which accounts for a third of national proved coal reserves, according to the official Shanxi Youth Daily. Trading volume was targeted to more than double to 500 million yuan from 215 million last year... https://www.scmp.com/article/593835/coal-exchange-gets-green-light?utm_source=rss_feed https://www.scmp.com/article/593835/coal-exchange-gets-green-light?utm_source=rss_feed Mon, 21 May 2007 16:00:00 +0000 China Shenhua Energy, the listed flagship of the mainland's largest coal-mining firm, is in talks to buy mines in Indonesia and Australia as part of the country's strategy to tap overseas energy resources to sustain high economic growth. Chairman Chen Biting said yesterday the possible purchase was part of Shenhua Energy's plan to become a global player. 'Our negotiations involve both large and small mines,' he said, adding timing of any deal would depend on the sincerity of all parties... https://www.scmp.com/article/593051/shenhua-energy-looks-overseas-expansion?utm_source=rss_feed https://www.scmp.com/article/593051/shenhua-energy-looks-overseas-expansion?utm_source=rss_feed Tue, 15 May 2007 16:00:00 +0000 Yongchuang Coal, a Sichuan-based mining company, plans to raise up to US$1.5 billion from an initial public offering in Hong Kong later this year, people familiar with the company said. The company has not yet awarded a mandate to investment banks. Yongchuang Coal could not be reached for comment. China's coal companies are raising funds as the government forces the industry to consolidate with the intention of building three or four giants and 10 other or so medium-sized companies. China... https://www.scmp.com/article/587517/yongchuang-coal-plans-us15b-ipo?utm_source=rss_feed https://www.scmp.com/article/587517/yongchuang-coal-plans-us15b-ipo?utm_source=rss_feed Sun, 01 Apr 2007 16:00:00 +0000 Executive says annual production growth will average 10.4pc Shenhua Group, China's largest coal producer and parent of listed China Shenhua Energy, plans to quadruple its annual coal output to 800 million tonnes by 2020, according to a senior manager. The target indicates an annual growth rate of about 10.4 per cent. The company is on track to produce 200 million tonnes of coal this year, up a third from 150 million tonnes last year, Gu Dazhao, the general manager of the group's scientific... https://www.scmp.com/article/574322/shenhua-quadruple-coal-output-2020?utm_source=rss_feed https://www.scmp.com/article/574322/shenhua-quadruple-coal-output-2020?utm_source=rss_feed Tue, 05 Dec 2006 16:00:00 +0000 China's leading exporter says no to foreign firms ahead of IPO as unit keen on keeping board seat China National Coal has turned away some of the world's largest coal companies from making strategic investments in the company ahead of its US$1 billion initial public offering this year in Hong Kong, according to market sources. Interested investors had included Peabody Coal, the largest coal miner in the United States, and Arch Coal, the country's No2 producer. Some of Europe's largest... https://www.scmp.com/article/563639/national-coal-shuns-strategic-investors?utm_source=rss_feed https://www.scmp.com/article/563639/national-coal-shuns-strategic-investors?utm_source=rss_feed Mon, 11 Sep 2006 16:00:00 +0000 Top mainland coal producer's net profit climbs to 8.6b yuan in first half as revenue tops 29.5b yuan China Shenhua Energy, the nation's largest coal producer, posted a 10.4 per cent increase in first-half profit due to robust growth in coal and power sales. Shenhua, whose operations span coal production, transport and power generation, said net profit rose to 8.61 billion yuan from 7.8 billion yuan in the same period last year after sales surged 20.47 per cent to 29.53 billion... https://www.scmp.com/article/561607/shenhua-energy-earnings-rise-10pc?utm_source=rss_feed https://www.scmp.com/article/561607/shenhua-energy-earnings-rise-10pc?utm_source=rss_feed Fri, 25 Aug 2006 16:00:00 +0000 The group's principal activities are manufacturing and trading of coal. Other activities include power distribution in China, transport, harbour and port, and financial services. The group operates coal mines and an integrated railway network and a seaport that are primarily used to transport the group's coal sales. The primary customers of the group's coal sales include power plants and metallurgical producers in China. The group also operates power plants on the mainland, which are engaged in... https://www.scmp.com/article/554256/china-shenhua-energy?utm_source=rss_feed https://www.scmp.com/article/554256/china-shenhua-energy?utm_source=rss_feed Sun, 25 Jun 2006 16:00:00 +0000 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 by 39.5 per cent. Chairman Chen Biting yesterday confirmed the acquisition plan that was referred to in a JP Morgan research report on Wednesday. 'We are in talks with the companies to be acquired,' he said. 'As we have not reached an agreement, I cannot tell [the size].' The report said Shenhua aimed to buy Xisanju, which... https://www.scmp.com/article/548579/shenhua-energy-eyes-parents-assets-boost-reserves?utm_source=rss_feed https://www.scmp.com/article/548579/shenhua-energy-eyes-parents-assets-boost-reserves?utm_source=rss_feed Fri, 12 May 2006 16:00:00 +0000 China Shenhua Energy will consider acquiring small coal mines ordered closed by the government on safety concerns, according to chairman Chen Biting. Speaking after the company's announcement of an 80.1 per cent jump in first-half net profit to 7.8 billion yuan, Mr Chen said the company would look at opportunities to buy such coal mines of less than 90,000 tonnes of annual production capacity. 'We have acquisition plans and will look at these small mines, but they must fulfil our criteria,' he... https://www.scmp.com/article/519445/coal-mines-targeted?utm_source=rss_feed https://www.scmp.com/article/519445/coal-mines-targeted?utm_source=rss_feed Thu, 06 Oct 2005 16:00:00 +0000 Net income surges to 7.8 billion yuan in the first half, driven by robust sales Soaring coal prices have taken a heavy toll on mainland power producers and heavy industries, but H share China Shenhua Energy, the country's largest coal producer, has emerged as a key beneficiary. A 34.66 per cent rise in average coal price was the main factor behind an 80.1 per cent surge in net profit to 7.8 billion yuan in the six months to June 30. It also translated into an improvement in the group's... https://www.scmp.com/article/513994/soaring-coal-prices-fire-shenhua-profit?utm_source=rss_feed https://www.scmp.com/article/513994/soaring-coal-prices-fire-shenhua-profit?utm_source=rss_feed Sun, 28 Aug 2005 16:00:00 +0000 Bank of Communications (Bocom) has followed the example of China Shenhua Energy in requesting a special listing hearing to ensure the launch of its US$1.5 billion H-share initial public offering before the end of next month. While regular listing hearings are held on Thursdays, the mainland's fifth-largest commercial bank was lobbying to have its application reviewed by the Hong Kong stock exchange earlier next week, market sources said. The exchange granted Shenhua such an exception on... https://www.scmp.com/article/500191/bocom-seeks-early-hearing-beat-deadline?utm_source=rss_feed https://www.scmp.com/article/500191/bocom-seeks-early-hearing-beat-deadline?utm_source=rss_feed Tue, 10 May 2005 16:00:00 +0000 Strategic investors in US$3.5b global offer limited to total holding of 15pc China Shenhua Energy has set a tight limit of up to 15 per cent of its US$3.5 billion global share offer for strategic and corporate investors, which could include resources giant Anglo American and Hong Kong businessmen, according to sources. The mainland's largest coal producer is in talks with six or seven other coal producers and businessmen and may ultimately choose three or four as strategic and corporate... https://www.scmp.com/article/496655/shenhua-ipo-limits-key-stakes-thin-slice?utm_source=rss_feed https://www.scmp.com/article/496655/shenhua-ipo-limits-key-stakes-thin-slice?utm_source=rss_feed Thu, 14 Apr 2005 16:00:00 +0000