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, 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 as well as an integrated
railway network and a
seaport that are primarily used to transport its coal. It also operates
power plants 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 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.
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$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 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.
See also
* Coal power in China
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
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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