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

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

coal mining Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...

enterprise in

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

, 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 extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...

as well as an integrated

railway Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...

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 Ham ...

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 pow ...

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 Can ...

and

regional In geography, regions, otherwise referred to as zones, lands or territories, are areas that are broadly divided by physical characteristics (physical geography), human impact characteristics (human geography), and the interaction of humanity and t ...

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 ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...

, 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 share, red chip, and P chip. H share is a class of ordinary share of the mainland China incorporated company that only traded outside the mainlan ...

. 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 securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

, China Shenhua Group, to inject the

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

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 Exc ...

. The closed price at the first trading day was

RMB The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...

$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 The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator ...

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 and energy 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 ...

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 H shares

History

Carbon footprint

See also

References

External links