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    601088   CNE100000767

CHINA SHENHUA ENERGY COMPANY LIMITED

(601088)
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Factbox - Shenhua and Guodian: China's latest state marriage

08/28/2017 | 09:21am EDT

BEIJING (Reuters) - China's top coal miner Shenhua Group Corp Ltd [SHGRP.UL] will take over China Guodian Group Corp [CNGUO.UL], among the country's top five state power producers, in a deal that will create the world's largest power utility worth $278 billion.

At the end of April, Shenhua had assets worth 1.04 trillion yuan and Guoadian had assets of 800 billion yuan, making the combined company worth 1.84 trillion yuan ($278.03 billion).

Here is a breakdown of each companies' operations:

GUODIAN GROUP:

Group had total installed capacity of 143 gigawatts of power, including 26.17 GW of wind at end-June. It is also leading hydropower and renewables developer and produced 58.72 million tonnes of coal in the first of the year.

Its listed unit GD Power (>> GD Power Development Co Ltd) has 22 coal fired power plants with capacity of 34.3 GW and has 7.6 GW under construction. Five of those operating plants lost money in the first half.

Other listed units of China Guodian are Guodian Changyuan Electric Power Co Ltd (>> Guodian Changyuan Electric Power Co. Ltd), Yantai LongYuan Power Technology Co Ltd (>> Yantai Longyuan Power Technology Co.,Ltd) and Ningxia Younglight Chemicals Co Ltd (>> Ningxia Younglight Chemicals Co Ltd)

SHENHUA GROUP:

Shenhua said on Monday it expects to produce 278 million tonnes of coal in 2017, down from a previous target of 290 million tonnes. It also set a sales target of 396 million tonnes for 2017.

Its website says end-2015 it had 54 coal mines; total installed power capacity 78.5 GW, 2,155 km of rail network and port cargo capacity of 270 million tonnes.

Shenhua's listed unit Shenhua Energy Co Ltd (>> China Shenhua Energy Company Limited) has 18 power plants with capacity of 33 GW and 3.9 GW under construction.

Seven of those were in deep loss in the first half. The listed company was one of the most profitable public commodity companies in the first half.

(Reporting by Josephine Mason and Meng Meng; editing by Susan Thomas)


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 1.63% 1.245 End-of-day quote.-20.19%
CHINA SHENHUA ENERGY COMPANY LIMITED -2.36% 19.84 End-of-day quote.10.16%
ELECTRICITÉ DE FRANCE 0.00% 11.63 Real-time Quote.-9.81%
ENEL S.P.A. 0.00% 8.12 Delayed Quote.-2.68%
GD POWER DEVELOPMENT CO.,LTD -0.82% 2.41 End-of-day quote.7.11%
GOLD 0.78% 1782.8 Delayed Quote.-7.09%
GUODIAN CHANGYUAN ELECTRIC POWER CO., LTD. 2.12% 10.59 End-of-day quote.163.43%
NINGXIA YINGLITE CHEMICALS CO., LTD 1.06% 10.46 End-of-day quote.34.62%
SILVER 0.15% 25.93 Delayed Quote.-2.11%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.22% 6.4668 Delayed Quote.-1.11%
YANTAI LONGYUAN POWER TECHNOLOGY CO., LTD. 4.68% 4.92 End-of-day quote.12.33%
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Financials
Sales 2021 259 B 40 020 M 40 020 M
Net income 2021 44 172 M 6 832 M 6 832 M
Net cash 2021 80 487 M 12 448 M 12 448 M
P/E ratio 2021 7,82x
Yield 2021 8,93%
Capitalization 442 B 56 968 M 68 408 M
EV / Sales 2021 1,40x
EV / Sales 2022 1,36x
Nbr of Employees 76 182
Free-Float 29,9%
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Number of Analysts 16
Average target price 16,06 CNY
Last Close Price 16,88 CNY
Spread / Highest target 14,7%
Spread / Average Target -4,86%
Spread / Lowest Target -37,6%
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Ji Ping Yang Chief Executive Officer, GM & Director
Shan Cheng Xu Chief Financial Officer
Xiangxi Wang Chairman
Meijian Luo Chairman-Supervisory Board
Kwok Keung Yuen Independent Non-Executive Director
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