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Citigroup: China Shenhua Energy (01088) first quarter Net income is below expectations, maintaining a "Buy" rating.
Excluding one-time expenses, the company's quarterly core Net income is estimated to be 12.8 billion RMB, down 30% year-on-year and 10% quarter-on-quarter.
China Shenhua Energy: Lower Revenue From Electricity Sales Also Hurt Results >1088.HK
China Shenhua Energy 1Q Rev CNY69.59B Vs. CNY87.65B >1088.HK
China Shenhua Energy: Results Weighed by Fall in Selling Prices of Coal >1088.HK
China Shenhua Energy 1Q Net CNY13.37B Vs. Net CNY17.76B >1088.HK
China Shenhua Energy announced its first-quarter performance, with a net income of approximately 13.374 billion yuan, a year-on-year decrease of 19%.
China Shenhua Energy (01088) announced its Q1 2025 results, with revenue of approximately 69.585 billion yuan, a year-on-year decrease of 21.1%; profit attributable to company owners was 13.374 billion yuan, a year-on-year decrease of 19%; basic earnings per share were 0.673 yuan. The announcement stated that the revenue decline was mainly due to a decrease in both coal sales volume and average selling price, which led to a reduction in coal sales revenue; the decrease in electricity sales volume and average selling price resulted in lower electricity sales revenue.
