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Native name | 中国神华能源股份有限公司 |
|---|---|
Romanized name | Zhōngguó shénhuá néngyuán gǔfèn yǒuxiàn gōngsī |
| Company type | Public |
| Industry | Electricity Mining |
| Founded | 1995 |
| Headquarters | , China |
Area served | China |
Key people | Zhang Yuzuo (chairman) |
| Products | Coal Electric power |
Number of employees | 74,949 (2011) |
| Parent | Shenhua Group (73.06%) |
| Website | www |
China Shenhua Energy Company Limited, also known asShenhua,China Shenhua, orShenhua Energy (Chinese:神华能源;pinyin:Shénhuá Néngyuán), is the largeststate-ownedcoal mining enterprise inmainland China, and in the world.[1] It is a subsidiary ofShenhua Group.[2] It mines, refines, and sells coal, and generates and sells electric power in the People's Republic of China. It operatescoal mines as well as an integratedrailway network and aseaport that are primarily used to transport its coal. It also operatespower plants in the PRC which are engaged in the generation and sales of coal-based power toprovincial andregional electric companies. In the 2020Forbes Global 2000, China Shenhua Energy was ranked as the 168th -largest public company in the world.[3]
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On August 15, 2005, China Shenhua Energy became a constituent ofHang Seng China Enterprises Index.
On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billionA-share to provide rooms for itsparent company, China Shenhua Group, to inject thecapital into it for its long-term development.
On October 9, 2007, China Shenhua Energy listed A share in theShanghai Stock Exchange. The closed price at the first trading day wasRMB69.3, 87% higher than itsIPO price, RMB 36.99.
On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have beenHang 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.[4]
In September 2010, the company agreed to an extensive cooperation contract withMitsui & Co., encompassing shipping, overseas mine development, coal usage and chemical manufacturing.[5]
In December 2010, Shenhua invested $2 billion in the construction of a railway; financing 35% with its own capital.[6]
In July 2011, Shenhua acquired a 40% stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36% andPeabody Energy owning the remaining 24%.[7]
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