"Profit Warning" China Shenhua's average coal price declines, last year's net profit expected to decrease by 6.3%-14.7%

China Shenhua (01088.HK) issued a profit warning, expecting a net profit for the fiscal year 2025 to be between RMB 50.8 billion and RMB 55.8 billion, a decrease of 10.6%-18.6% compared to the previous year, or a decline of 6.3%-14.7% compared to the restated figures from last year.

In 2025, the group's production and operational situation remained stable, with core advantages of integrated operations continuously consolidated. However, affected by changes in the industry supply and demand situation, the group's coal sales volume and average selling price decreased, leading to a decline in operating performance