Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 01088)
ANNOUNCEMENT ON PROFITALERT
FOR THE FIRST HALF OF 2019
This announcement is made pursuant to Rule 13.09(2) and Rule 13.10B of the Listing Rules and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The financial information of the Company contained in this announcement are preliminary estimation prepared in accordance with the International Financial Reporting Standards and have not been audited or reviewed by auditors, and may therefore differ from the reviewed information set out in the financial statements in the 2019 Interim Report of the Company. Investors should be aware of the investment risk.
- ESTIMATED RESULTS FOR THE FIRST HALF OF 2019
According to the preliminary estimation, profit of the Group attributable to the equity holders of the Company in the first half of 2019 is estimated to be approximately RMB24.2 billion (the same period in 2018: RMB24.520 billion), representing a year-on-year decrease of approximately 1%.
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MAIN REASONS
In the first half of 2019, overcoming the adverse factors such as the decrease in the coal sales and increase in unit production cost of self-produced coal, the Group strengthened integrated synergy operation of production, transportation and sales, as well as cash management, conducted the transfer of Subject Assets of the Joint Venture Company, and achieved the overall stable high quality development.
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III. DEFINITIONS | |
the Company | China Shenhua Energy Company Limited |
the Group | The Company and its controlling subsidiaries |
Joint Venture | the joint venture company with the equities and assets |
Company | of the relevant coal-fired power generation companies |
respectively contributed by the Company and GD Power | |
Development Co., Ltd.. For details, please refer to the | |
announcement of the Company dated 31 January 2019 | |
Listing Rules | The Rules Governing the Listing of Securities on The |
Stock Exchange of Hong Kong Limited | |
Subject Assets | the equity interests and assets contributed by the Company |
to establish the Joint Venture Company | |
By Order of the Board | |
China Shenhua Energy Company Limited | |
Huang Qing | |
Secretary to the Board of Directors | |
Beijing, 9 August 2019 |
As at the date of this announcement, the Board comprises the following: Mr. Wang Xiangxi, Dr. Li Dong, Mr. Gao Song and Mr. Mi Shuhua as executive directors, Mr. Zhao Jibin as non-executive director, and Dr. Tam Wai Chu, Maria, Dr. Peng Suping, Dr. Jiang Bo and Ms. Zhong Yingjie, Christina as independent non- executive directors.
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CSEC - China Shenhua Energy Company Ltd. published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 13:10:06 UTC