Report
Jennifer Song
EUR 147.86 For Business Accounts Only

Shenhua’s First-Half Results Beat on Significant Cost Reduction and Railway Turnover

Narrow-moat-rated Shenhua’s first-half 2016 result of CNY 11 billion was in line with its preliminary announcement and better than we anticipated. Most impressively, the company’s transportation segment saw a strong earnings boost, with operating profit increasing 52% year over year to CNY 8.9 billion, surpassing the power segment to become the largest earnings contributor, and accounting for 40% of the group’s total operating profit. In addition, Shenhua’s significant cost reduction in the seco...
Underlying
China Shenhua Energy Co. Ltd. Class A

China Shenhua Energy and its subsidiaries are engaged in the production and sale of coal; the generation and sale of power; and providing transportation services in the People's Republic of China (the "PRC"). Co. operates coal mines as well as an integrated railway network and seaports that are used to transport Co.'s coal sales. The primary customers of Co.'s coal sales include power plants and metallurgical producers in the PRC. Co. also operates power plants in the PRC, which are engaged in the generation and sale of coal-based power to provincial or regional electric grid companies.

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

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch