China Shenhua Energy Co (HK:1088) has released an update.
China Shenhua Energy Co. has reported its operational data for May 2024, highlighting a year-on-year increase in coal production and transportation turnover, as well as a significant rise in loading volume at Huanghua Port due to the previous year’s lower ship arrivals. However, the sales of polyethylene and polypropylene decreased due to a planned overhaul of coal-to-olefin production equipment, which has now resumed operation since May 19. The company cautions investors about the variability of operational data and the risks of relying too heavily on such information for investment decisions.
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