ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Energy Minerals

China Shenhua Energy Co. Ltd.

  • 19.48 HKD
  • +0.38
  • +1.99%
  • China
    Feb 15, 2019
  • Ticker
  • Prev. close
  • Market cap (HKD)
  • Market cap (USD)
  • Shares

Company Background

China Shenhua Energy is a Chinese state-owned coal company, which handles the mining, production and transport of coal as well as power generation. Besides coal mines and power plants, the company also runs railways and ports to transport coal. In size it is one of the largest companies in China, and is one of the world's largest coal firms. Its output and capital investment are widely monitored in and outside China as important indicators of the Chinese economy.

The company was established in 2004, and its parent firm is Shenhua Group, a large enterprise under direct control of the government. The company's actions tend to reflect government policies. The Chinese Communist Party has the power to pick the company's top officials.

Environmental protection is a major challenge facing the company. China relies on coal for 70% of the electricity it generetes, but coal is also a key source of air pollution. Against this backdrop, China Shenhua Energy is under pressure to introduce state-of-the-art power facilities, including ultrasupercritical power generation systems and integrated coal gasification combined cycle systems, so costs will likely increase in the short term. The company must brace itself for lower coal demand, as the Chinese government aims to reduce dependence on coal-fired power generation over the medium and long term.

China Shenhua Energy regards chemicals as a new source of revenue. It is already producing polyethylene and polypropylene. The company aims to complement its coal business, which is vulnerable to price fluctuations, by nurturing a high-end chemicals business.

Business Summary

China Shenhua Energy Co., Ltd. engages in the production and sale of coal and electricity. It operates through the following business segments: Coal, Power, Railway, Port, and Shipping. The Coal segment includes the production and sale of coal as well as the operation of coal mines. The Power segment includes the generation and sale of power and electricity. The Railway segment includes the operation of transportation railways for coal and non-coal commodities. The Port segment provides logistics and vessels for coal and non-coal cargo. The Shipping segment includes self-operated vessel management and allocation for coal distribution. The company was founded on November 8, 2004 and is headquartered in Beijing, China.

Financial Highlights

Dec 2017 HKDUSD
Gross Profit108,619.63M13,938.42M
Operating income85,597.09M10,984.10M
Income before tax80,484.31M10,328.01M
Net income51,931.57M6,664.03M
Diluted EPS2.610.33
Dividends Per Share1.120.14
Total Assets680,801.35M87,089.06M
Total liabilities231,082.12M29,560.34M
Total equity361,918.66M46,297.14M
Operating cash flow111,875.94M14,356.29M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 351,958.80M 307,470.08M 211,216.29M 205,881.18M 275,709.99M
Gross Profit 113,536.97M 101,105.22M 73,879.32M 75,336.12M 108,619.63M
Operating income 90,857.58M 78,189.92M 50,344.51M 53,783.47M 85,597.09M
Income before tax 87,276.83M 74,031.73M 40,278.07M 45,169.89M 80,484.31M
Net income 57,632.76M 46,322.69M 19,913.31M 26,537.12M 51,931.57M
EBITDA 116,320.32M 105,017.99M 79,485.49M 81,761.25M 113,991.86M
Diluted EPS 2.89 2.32 1.00 1.33 2.61
Dividends Per Share 1.14 0.93 0.37 0.52 1.12
Total Assets 650,221.72M 665,732.12M 661,160.50M 637,772.03M 680,801.35M
Total liabilities 228,155.36M 221,206.97M 233,698.00M 213,935.39M 231,082.12M
Total equity 348,305.89M 364,144.20M 349,446.59M 348,478.40M 361,918.66M
Operating cash flow 70,376.11M 86,484.88M 69,451.12M 96,954.19M 111,875.94M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 45,375.14M 39,649.60M 27,244.66M 26,522.68M 35,380.01M
Gross Profit 14,637.38M 13,037.95M 9,529.65M 9,705.18M 13,938.42M
Operating income 11,713.52M 10,082.93M 6,493.91M 6,928.66M 10,984.10M
Income before tax 11,251.88M 9,546.71M 5,195.44M 5,819.01M 10,328.01M
Net income 7,430.11M 5,973.51M 2,568.60M 3,418.64M 6,664.03M
EBITDA 14,996.22M 13,542.52M 10,252.78M 10,532.90M 14,627.81M
Diluted EPS 0.37 0.30 0.12 0.17 0.33
Dividends Per Share 0.14 0.12 0.04 0.06 0.14
Total Assets 83,859.00M 85,847.19M 85,309.37M 82,259.72M 87,089.06M
Total liabilities 29,425.16M 28,524.98M 30,153.99M 27,593.35M 29,560.34M
Total equity 44,920.96M 46,956.96M 45,089.00M 44,946.68M 46,297.14M
Operating cash flow 9,073.01M 11,152.60M 8,958.46M 12,490.14M 14,356.29M

Valuation Measures

Dec 2017
Operating margin31.04%
Profit margin18.83%

Key executives

  • President: Jiming Zhang
  • Director & Senior Vice President: Dong Li
  • Senior Vice President: Jin Li Wang
  • Securities Representative: Guang Shui Chen
  • Board Secretary: Qing Huang


  • The Vanguard Group, Inc. (3.5%)
  • BlackRock Fund Advisors (3.2%)
  • Lazard Asset Management LLC (1.5%)
  • Hang Seng Investment Management Ltd. (1.3%)
  • Dimensional Fund Advisors LP (1.3%)
  • Investec Asset Management Ltd. (1.1%)
  • APG Asset Management NV (1.0%)
  • State Street Global Advisors Asia Ltd. (1.0%)
  • BlackRock Japan Co., Ltd. (0.9%)
  • FIL Investment Management (Hong Kong) Ltd. (0.8%)

Contact Details

  • Website:
  • Address: 22 Binhe Road, Andingmen West, Beijing, 100011, China
  • Phone: +86.10.5813.3399

Related Companies

  • Railway Transportation Co., Ltd.
  • Zhejiang Guohua Zheneng Power Generation Co., Ltd.
  • Huanghua Harbour Administration Co.
  • Baotou Energy Co., Ltd.
  • Zhunge'er Energy Co., Ltd.
  • Jinjie Energy Co., Ltd.
  • Shendong Coal Corp.
  • Beijing Shenhua Changyun High-Tech Coal Blending Co., Ltd.
  • Yulin Shenhua Energy Co., Ltd.
  • Shenhua Yili Energy Co., Ltd.
  • Shenhua Zhonghai Marine Co., Ltd.
  • China Shenhua Overseas Development & Investment Co. Ltd.
  • Shenhua Zhonghai Shipping Co. Ltd.
  • Shenhua Sichuan Energy Co. Ltd.
  • Shenhua Hong Kong Ltd.
  • Shenhua Hong Kong International Trade Co. Ltd.
  • Shenhua Guohua Jiujiang Power Co. Ltd.
  • Zhejiang Guohua Zheneng Power Co., Ltd.
  • Shenhua Trading Group Ltd.
  • Shenhua Bayannoer Energy Co., Ltd.
  • Shenhua Shendong Coal Group Co., Ltd.
  • Shenhua Group Baotou Mining Co., Ltd.
  • Guohua Mengjin Power Generation Co., Ltd.
  • Shenhua (Beijing) Remote Sensing & Geo-Engineering Co. Ltd.
  • Shenhua Material Trading Co., Ltd.
  • Inner Mongolia Guohua Hulunbeier Power Generation Co., Ltd.
  • Shenhua Hollysys Information Technology Co., Ltd.
  • Shenhua Tianhong Trading Co., Ltd.
  • Hulunbeier Shenhua Clean Coal Co., Ltd.
  • Shenhua Baorixile Energy Co., Ltd.


  • PT Bukit Asam Tbk
  • Banpu Public Co. Ltd.
Last Updated on 15 Feb, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media