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 resultant China Energy Group will have total assets worth over US$9.05 billion
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.
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.
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.