China Shenhua Energy
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China Shenhua Energy Company is a mainland Chinese company headquartered in Beijing. It is biggest integrated coal-based energy company in People’s Republic of China and second largest coal mining company in world. China Shenhua Energy is ranked number 336 on 2008 Forbes Global 2000 list.
China Shenhua Energy Company is a subsidiary of Shenhua Group. It is listed in Shanghai (SSE: 601088) and Hong Kong (SEHK: 1088) stock exchanges. China Shenhua Energy is Hang Seng Index Constituent Stock from 10th December, 2007.
Brief history
China Shenhua Energy Company is a mainland Chinese company headquartered in Beijing. It is biggest integrated coal-based energy company in People’s Republic of China and second largest coal mining company in world. China Shenhua Energy is ranked number 336 on 2008 Forbes Global 2000 list.
China Shenhua Energy Company is a subsidiary of Shenhua Group. It is listed in Shanghai (SSE: 601088) and Hong Kong (SEHK: 1088) stock exchanges. China Shenhua Energy is Hang Seng Index Constituent Stock from 10th December, 2007.
Brief history
China Shenhua Energy is a Chinese government owned and operated company. It was established as a joint stock company on 8th November, 2004 subject to People’s Republic of China laws.. China Shenhua Energy was formed as a result of restructuring of Shenhua Group.
Products and services
China Shenhua Energy is a leading company engaged in production and sale of coal in mainland China. This company also generates and sells power in People’s Republic of China. China Shenhua Energy has its own ports and railway lines. It is only Chinese coal-based energy company that owns and operates an amalgamated coal distribution network on a massive scale. China Shenhua network includes exclusive port facilities and rail lines. Two eastbound freight lines carrying coal are controlled by China Shenhua Energy. Power generation business of company complements its coal business.
China Shenhua Energy is biggest coal producer in China. It is also biggest exporter of coal from China 23.9 million tonnes of coal were exported in 2006. Shenhua Energy has largest quantity of coal reserves in People’s Republic of China. This company aims to increase its production of coal in excess of 15 million tons every year. Production capacity is expected to reach 200 million tonnes by 2010. Application of high technology in generation results in more production efficiency in China Shenhua Energy power plants. A combined power of 11,960 MW is produced every day from all company power plants.
Financials
In 2007, revenue of China Shenhua Energy was around RMB 28,229 million. Operating income of company in same period was RMB 11,487 million. Net income was nearly RMB 7,892 million.
Current financial crisis
China Shenhua Energy is minimally affected by financial crisis of 2008. Only impact was marginal drop in shareholder value.
