China Shenhua Energy Company (1088) investor relations material

Executive summary

• 9M 2026 revenue rose 9.0% YoY to RMB296,031 million; profit attributable to equity holders increased 2.1% to RMB47,317 million.

• Q3 revenue was RMB106,693 million, up 10.9% YoY; profit attributable to equity holders was RMB16,263 million, up 2.6%.

Financial highlights

• 9M gross profit was RMB86,746 million versus RMB82,227 million; profit before income tax reached RMB72,721 million versus RMB70,761 million.

• 9M basic EPS was RMB2.198 versus RMB2.187 restated; Q3 basic EPS was RMB0.750 versus RMB0.749 restated.

• Operating cash flow increased 23.1% YoY to RMB92,700 million; investing cash outflow was RMB34,869 million and financing cash outflow RMB48,215 million.

Segment performance

• Coal segment 9M revenue rose 6.6% to RMB211,140 million; gross profit increased 2.9% to RMB52,994 million, with margin down 0.9 percentage point to 25.1%.

• Coal sales were 460.6 million tonnes, up 0.1%; average tax-exclusive price rose 7.4% to RMB448/tonne. Self-produced coal sales fell 3.1%, while purchased coal sales grew 17.7%.

• Power segment revenue grew 3.9% to RMB82,410 million, but gross profit fell 25.8% to RMB10,352 million and margin declined 5.0 points to 12.6%; coal purchase costs pressured results.

• Railway revenue rose 3.6% to RMB33,948 million and pre-tax profit grew 8.4% to RMB11,433 million; port revenue fell 2.8% to RMB5,223 million.

• Coal chemical revenue increased 50.0% to RMB23,739 million; gross profit reached RMB4,920 million versus RMB556 million, supported by higher sales volumes/prices and a prior-year production shutdown.