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China Shenhua Energy Co ( (HK:1088) ) just unveiled an announcement.
China Shenhua Energy Company Limited has announced an estimated year-on-year decrease in profit for 2024, ranging from 6.1% to 1.4%, primarily due to the decline in coal prices and other economic factors. Despite these challenges, the company maintained stable coal output and efficient operations, achieving its annual production and sales targets, but faced reduced profit margins in the coal segment and asset impairment losses.
More about China Shenhua Energy Co
China Shenhua Energy Company Limited is a major player in the energy sector, primarily focused on coal production and power generation. It operates integrated operations encompassing coal mining, railway, port transportation, and power generation, positioning itself as a significant entity within the Chinese energy market.
YTD Price Performance: -5.50%
Average Trading Volume: 840
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $99.83B
Find detailed analytics on 1088 stock on TipRanks’ Stock Analysis page.
