Report
Jennifer Song
EUR 101.80 For Business Accounts Only

China Shenhua's integrated business model shows resilience in challenging environments.

China Shenhua's positive 2017 first-half profit guidance reveals a stronger second quarter that appears to be ahead of our expectations. Despite softening coal prices, Shenhua’s second-quarter net profit appears to be up 3% sequentially to CNY 13.3 billion under international financial reporting standards, or IFRS. It hints that improving coal-fired power demand and robust coal rail-transport volumes are offsetting slightly weaker coal prices and a 5% coal production cut. We think this demonstra...
Underlying
China Shenhua Energy Co. Ltd. Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jennifer Song

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