China Shenhua Energy Company Limited, also known as Shenhua, China Shenhua, or Shenhua Energy (), is the largest

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...

enterprise in

mainland China "Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

, and in the world. It is a subsidiary of

Shenhua Group Shenhua Group Corporation Limited was a Chinese state-owned mining and energy company. Shenhua Group was founded in October 1995 under the auspices of the State Council of the People's Republic of China. It was the largest coal-producing compan ...

. It mines, refines, and sells coal, and generates and sells electric power in the People's Republic of China. It operates

coal mines Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...

as well as an integrated

railway Rail transport (also known as train transport) is a means of transport using wheeled vehicles running in railway track, tracks, which usually consist of two parallel steel railway track, rails. Rail transport is one of the two primary means of ...

network and a

seaport A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manc ...

that are primarily used to transport its coal. It also operates

power plants A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power ...

in the PRC which are engaged in the generation and sales of coal-based power to

provincial Provincial may refer to: Government & Administration * Provincial capitals, an administrative sub-national capital of a country * Provincial city (disambiguation) * Provincial minister (disambiguation) * Provincial Secretary, a position in Canad ...

and

regional In geography, regions, otherwise referred to as areas, zones, lands or territories, are portions of the Earth's surface that are broadly divided by physical characteristics (physical geography), human impact characteristics (human geography), and ...

electric companies. In the 2020

Forbes Global 2000 The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003. By country Forbes Global 2000 as of 2023: ...

, China Shenhua Energy was ranked as the 168th -largest public company in the world.

History

On August 15, 2005, China Shenhua Energy became a constituent of

Hang Seng China Enterprises Index Hang Seng China Enterprises Index is a stock market index of The Stock Exchange of Hong Kong for H shares, red chip stocks, and P chips. H share is a class of ordinary share of the mainland China incorporated company that only traded outside t ...

. On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion A-share to provide rooms for its

parent company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

, China Shenhua Group, to inject the

capital Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Econom ...

into it for its long-term development. On October 9, 2007, China Shenhua Energy listed A share in the

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

. The closed price at the first trading day was

RMB The renminbi ( ; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. The renminbi is issued by the People's Bank of China, the monetary authority of Chin ...

$69.3, 87% higher than its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

price, RMB 36.99. On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007. In September 2009, Shenhua announced that over four years they will invest US$39.5 billion in coal to increase their production. In September 2010, the company agreed to an extensive cooperation contract with Mitsui & Co., encompassing shipping, overseas mine development, coal usage and chemical manufacturing. In December 2010, Shenhua invested $2 billion in the construction of a railway; financing 35% with its own capital. In July 2011, Shenhua acquired a 40% stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36% and

Peabody Energy Peabody Energy is a coal mining company headquartered in St. Louis, Missouri. Its primary business consists of the mining, sale, and distribution of coal, which is purchased for use in electricity generation and steelmaking. Peabody also marke ...

owning the remaining 24%.

Carbon footprint

China Shenhua Energy Company reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 134,900 Kt (-22,500 /-14.3% y-o-y).Alt URL
/ref> This follows a sharp decline in emissions in 2019.

References

External links

*
神華入國企指數成份股預期上限神華A股首日漲87%HSI SERVICES ANNOUNCES INDEX REVIEW RESULTS
{{authority control Coal companies of China Electric power companies of China Energy companies established in 1995 Non-renewable resource companies established in 1995 Government-owned companies of China Companies listed on the Hong Kong Stock Exchange Companies listed on the Shanghai Stock Exchange Companies in the CSI 100 Index Former companies in the Hang Seng Index Companies in the FTSE China A50 Index H shares 1995 in Beijing

History

Carbon footprint

See also

References

External links