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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Shenhua Energy Company Limited    1088   CNE1000002R0

CHINA SHENHUA ENERGY COMPANY LIMITED

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China Shenhua Energy Expects First-Half Net Profit to Fall 16%

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07/30/2020 | 06:07am EDT

By Martin Mou

China Shenhua Energy Co. expects its net profit for the first half to fall 16% from a year earlier, as the Covid-19 pandemic reduced demand for its products.

Net profit is estimated to be 20.4 billion yuan ($2.91 billion), said China Shenhua, which produces and sells coal and electricity.

The company said Thursday it experienced lower sales of coal, electric power and coal chemical products, as well as reduced product prices due to the weakened demand.

A one-off investment gain in the first half of 2019 created a large base for comparison, which was partly responsible for the sharp profit fall, Shenhua said.

 

Write to Martin Mou at martin.mou@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CHINA SHENHUA ENERGY COMPANY LIMITED 1.17% 15.55 End-of-day quote.-14.79%
CHINA SHENHUA ENERGY COMPANY LIMITED 2.20% 13 End-of-day quote.-20.15%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.11% 6.93447 Delayed Quote.-0.25%
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Financials
Sales 2020 219 B 31 556 M 31 556 M
Net income 2020 36 601 M 5 275 M 5 275 M
Net cash 2020 12 889 M 1 858 M 1 858 M
P/E ratio 2020 7,12x
Yield 2020 7,49%
Capitalization 330 B 42 621 M 47 613 M
EV / Sales 2020 1,45x
EV / Sales 2021 1,30x
Nbr of Employees 75 620
Free-Float 30,0%
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Technical analysis trends CHINA SHENHUA ENERGY COMPA
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TrendsNeutralNeutralBearish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 15,73 CNY
Last Close Price 13,00 CNY
Spread / Highest target 46,2%
Spread / Average Target 21,0%
Spread / Lowest Target -12,4%
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Managers
NameTitle
Ji Ping Yang Chief Executive Officer & Director
Xiangxi Wang Chairman
Meijian Luo Chairman-Supervisory Board
Shan Cheng Xu Chief Financial Officer
Da Yu Zhou Member-Supervisory Board
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