China's largest coal miner by output reported a 13.3% increase in commercial coal production in May 2008 from a year ago. Export of Chinese coal came to a standstill in 2007 as China is struggling to feed its growing electricity demand. Nearly two-thirds of Chinese electricity is generated by unsing coal fired power plans. The winter storm related coal supply shortages just highlightened the problems facing both the cola nad the power generating industry.
Due to strong coal prices the company reported a net increase of 19.4% in total revenues. Additionally the company generated 7.46 billion kwh in May up 33.7% from a year ago.
China's coal mines are diversifying into power generation, China Shenhua being one of producing the most electricity. Yanzhou Coal, China's NYSE listed coal miner, has just started to enter into power generation but government controlled wholesale power prices are squeezing the sector oout of profits, hurting Huaneng Power (HNP) and other independent electricity generators.
Here comes the internal data of Shenhua Energy in May 2008.
China Shenhua Energy Company Ltd.
(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 1088) Document in pdf format: click here
ANNOUNCEMENT ON THE MAJOR OPERATIONAL DATA OF MAY 2008
(Overseas Regulatory Announcement)
China Shenhua Energy Company Limited and all members of its board of directors warrant the authenticity, accuracy and completeness of the information contained in this announcement, and jointly and severally accept full responsibility for any misrepresentation, misleading statements or material omissions contained in this announcement.
Operational Indicators May 2008 May 2007 Change %
Commercial coal production (Million tonnes)
Coal sales (Million tonnes)
Of which: Export (Million tonnes)
Turnover of coal transported by self-owned railways (Billion tonne kilometers) *
Seaborne Coal (Million tonnes)
Of which: Huanghua Port (Million tonnes)
Shenhua Tianjin Coal Dock (Million tonnes)
Gross power generation (Billion kwh)
Total power output dispatch (Billion kwh)
Note: *Given that the turnover of coal transported by self-owned railways in 2007 was not announced on a monthly basis by the Company, comparison was therefore made herein between the indicator for the above reporting period in 2008 and the monthly average indicator relating to the turnover of coal transported by self-owned railways for 2007 derived from the internal sources for your reference.
The major operational data of May 2008 were calculated based on the internal statistics of the Company. As a result, major differences may exist between the monthly operational data. The factors giving rise to such differences include without limitation to bad weather, equipments overhaul, seasonal factors, and securities checkup and so on. The major operational data may somewhat differ from the data disclosed in the relative periodic reports. The investors are hereby reminded of the risks which may result from inappropriate reliance upon or utilization of the information given above.
China Shenhua Energy Company Limited
Huang Qing
Secretary to the Board of Directors
Beijing, 17 June 2008
As at the date of this announcement, the Board comprises Mr. Chen Biting and Dr. Ling Wen, as executive Directors, Mr. Yun Gongmin, Dr. Zhang Xiwu, Dr. Zhang Yuzhuo and Mr. Han Jianguo, as non-executive Directors, and Mr. Huang Yicheng, Mr. Anthony Francis Neoh and Dr. Chen Xiaoyue, as independent non-executive Directors.
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