China Shenhua Energy Company (1088) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 was RMB 213,151 million, down 16.6% year-over-year, mainly due to lower coal sales volume and average selling price, and reduced power output dispatch and tariffs.

• Profit attributable to equity holders was RMB 41,366 million, a 13.8% decrease year-over-year.

• The company completed the acquisition of Hangjin Energy in February 2025, which was retrospectively consolidated.

Financial highlights

• Revenue for Q3 2025 was RMB 75,042 million, down 13.1% compared to Q3 2024.

• Net cash generated from operating activities for the nine months was RMB 65,253 million, a 19.9% decrease year-over-year.

• Total assets as of 30 September 2025 were RMB 646,427 million, down 3.8% from year-end 2024.

• Equity attributable to equity holders was RMB 419,104 million, down 0.8% from year-end 2024.

• Basic EPS for the nine months was RMB 2.082, down 13.8% year-over-year.

Outlook and guidance

• The company continues to invest in power generation and coal mine projects, with ongoing expansion in coal-fired and photovoltaic power capacity.