Movement Alert｜CHINA SHENHUA Intraday Rise 3.08% in Regular Trading, third-quarter revenue and profit increased and debt issuance plan advanced

Market Focus10-26

On October 26, CHINA SHENHUA recorded an Intraday Rise of 3.08% in Regular Trading, trading at HK$40.82, with turnover of HK$237 million.

The move followed recent disclosures showing year-to-date revenue and attributable net profit both increased, alongside board approval for registration and issuance of up to 30 billion yuan in debt financing instruments and corporate bonds.

For the first three quarters, revenue reached 296.03 billion yuan, up 9.0% year over year, while attributable net profit rose 3.8% to 44.40 billion yuan. Third-quarter revenue was 106.69 billion yuan, up 10.9% and a record for the same period, while attributable net profit increased 3.2% to 15.69 billion yuan. The board also approved a cash acquisition of the remaining 50% stake in a coal-to-gas company for about 618 million yuan, which would make it a wholly owned subsidiary and bring it into consolidated reporting.

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