China Shenhua: Net profit is expected to 57 billion yuan to 60 billion yuan in 2024, down 4.5% year-on-year to grow 0.5%

On January 23rd, China Shenhua announced that it is expected that the net profit attributable to the company's shareholders in 2024 will be 57 billion yuan to 60 billion yuan, a year-on-year decrease of 2.70 billion yuan to an increase of 300 million yuan, a decrease of 4.5% to an increase of 0.5%. In 2024, the company actively responded to the adverse effects such as the decline in coal prices, maintained stable and high coal production, and realized integrated and efficient operation. The year-on-year decline in the profit of the coal division was mainly affected by factors such as the decrease in the average sales price of coal, and the impairment loss of assets and non-operating expenses decreased year-on-year.