shenhuagroup

Established in October 1995, Shenhua Group Corporation Limited (hereinafter referred to as “Shenhua”) is a major wholly state-owned enterprise (“SOE”) under the direct supervision of the Chinese central government. It is a large coal-based integrated energy company with businesses of coal, power, railway, port, shipping, coal-to-liquids and coal-to-chemicals, running a complete supply chain of production, transportation and trade. The company is also the largest and most modernized coal company in China and the largest coal supplier in the world. Its main business scope includes the running of state-owned assets authorized by the State Council; development of resources products (such as coal); investment and management in those sectors as electricity generation, thermal power generation, port, railway transport, shipping, coal-to-liquids and coal-to-chemicals; and planning, organizing, coordinating and managing operations of its subsidiaries in the above-mentioned sectors. Shenhua is headquartered in Beijing. China Shenhua Energy Company Limited, one of its major subsidiaries, is cross listed on the Stock Exchanges of Hong Kong and Shanghai. Shenhua Group ranked 178th among the Fortune Global 500 companies in 2013.

By the end of 2013, Shenhua has 21 wholly-owned or controlling subsidiaries, 70 operating mines, 65,660 MW of electric power capacity, an exclusive railway network of 1,765 km, Huanghua Port and Tianjin Coal Terminal with annual capacity of 100 million tonnes and 45 million tonnes respectively, Zhuhai Coal Terminal with annual capacity of 40 million tonnes and a shipping company with 30 vessels. The company has total assets of RMB882.7 billion and has 214,000 employees.

In 2013, Shenhua produced 496 million tonnes of raw coal and sold 654 million tonnes of coal, delivered 398 million tonnes of coal through its own railway network, generated 335.5 billion kwh of electric power and loaded 179 million tonnes of seaborne coal with its two ports. Total operating income of Shenhua amounted to RMB367.8 billion with total profits of RMB78.5 billion. Shenhua is also one of the best in the industry in state-owned asset value preservation and appreciation, and has topped domestic coal industry for years in economic contribution to the national economy. As one of the most profitable central SOEs in China, the company has also been one of the best worldwide in safe production for years.

Guided by the development strategy of “building a world-class coal-based integrated energy company with global competitiveness”, Shenhua will continue to improve its unique business operation model that integrates coal, power, coal-to-liquids and chemicals and transportation, seeking steady growth through reform and innovation.