Financial Performance - The total operating revenue for 2024 was 338,375 million, a decrease of 1.4% compared to 343,074 million in 2023[16]. - The total profit for 2024 was 85,793 million, down 1.6% from 87,176 million in 2023[16]. - The net profit attributable to shareholders for 2024 was 58,671 million, reflecting a decline of 1.7% from 59,694 million in 2023[16]. - The net cash flow from operating activities increased by 4.1% to 93,348 million in 2024, compared to 89,687 million in 2023[16]. - The total assets as of the end of 2024 reached 658,068 million, up 4.4% from 630,131 million at the end of 2023[16]. - The total liabilities at the end of 2024 were 154,116 million, a slight increase of 1.6% from 151,761 million in 2023[16]. - The basic earnings per share for 2024 was 2.953 yuan, down 1.7% from 3.004 yuan in 2023[17]. - The weighted average return on equity for 2024 was 14.04%, a decrease of 0.84 percentage points from 14.88% in 2023[17]. - The total debt-to-capital ratio improved to 6.7% in 2024, down from 7.3% in 2023[17]. - The total revenue for 2024 was 268,618 million RMB, a decrease of 1.7% from 273,306 million RMB in 2023, primarily due to a decline in average coal sales prices[29]. - The gross profit margin decreased to 30.0% in 2024 from 32.0% in 2023, a decline of 2.0 percentage points[29]. - Total profit for 2024 was 54,365 million RMB, down 7.1% from 58,530 million RMB in 2023[29]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of RMB 2.26 per share for the fiscal year 2024, totaling RMB 44,903 million based on the total share capital of 19,868,519,955 shares as of December 31, 2024[2]. - All proposals at the shareholder meetings were approved, indicating strong shareholder engagement and participation[188]. - The total compensation for executives in 2024 amounted to 750.58 million yuan, including 616.11 million yuan in salary and 134.47 million yuan in social insurance and housing fund contributions[191]. - The company’s total compensation for the 2024 fiscal year is subject to approval at the annual shareholders' meeting[196]. Operational Risks and Challenges - The company faces uncertainties in achieving its 2025 operational targets due to factors such as coal and power supply-demand dynamics and industry policy adjustments[3]. - The company emphasizes the importance of risk factors including safety, environmental compliance, market competition, and international operations in its management discussion[3]. - The company’s operational performance is subject to risks from market competition and investment strategies[3]. - The company anticipates increased competition in the energy market due to reforms and will adapt its coal purchasing and pricing strategies accordingly[166]. Environmental and Sustainability Initiatives - The company has been recognized for its ESG practices, being listed among the top 100 ESG companies in China for 2024[34]. - The company plans to enhance its green and low-carbon development initiatives, focusing on clean and efficient coal utilization and the integration of coal, thermal power, and new energy[40]. - The company is committed to advancing technological innovation and digital transformation, including the development of smart coal mines and intelligent power stations[38]. - The company aims to accelerate the layout of renewable energy industries and promote green low-carbon transformation[170]. Production and Sales Performance - The company produced 3.271 billion tons of commodity coal, exceeding the target by 3.5%, and the coal sales volume reached 4.593 billion tons, up 2.1% year-on-year[42]. - The average price of long-term contracts for thermal coal was approximately 701 yuan per ton, a decrease of 13 yuan per ton compared to the previous year[44]. - The company’s coal resources as of December 31, 2024, amounted to 34.36 billion tons, an increase of 1.78 billion tons from the end of 2023[94]. - The company’s coal sales to external customers were 381.2 million tons, with an average price of 573 RMB/ton, reflecting a 2.9% increase in sales volume but a 4.2% decrease in price compared to 2023[94]. Future Outlook and Strategic Plans - The company plans to focus on energy supply security and transition development, aiming to meet all annual targets for 2025[36]. - The company aims for a coal production target of 334.8 million tons and a coal sales volume of 465.9 million tons for 2025, reflecting an increase of 2.4% and 1.4% respectively compared to 2024[153]. - The projected operating revenue for 2025 is 320 billion CNY, which represents a decrease of 5.4% from the 2024 actual revenue of 338.375 billion CNY[153]. - The company plans to invest 96.81 billion CNY in coal business capital expenditures for 2025, compared to 125.87 billion CNY in 2024[156]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant regulations[174]. - The company has implemented measures to ensure independence from its controlling shareholder, the State Energy Group[178]. - The company has a commitment to avoid competition with its controlling shareholder, with agreements in place since 2005[179]. Research and Development - Research and development investment for 2024 was 4,148 million RMB, a decrease of 6.8% from 2023, accounting for 1.2% of operating revenue[68]. - The group received 637 new patent authorizations in 2024, including 237 invention patents, reflecting ongoing innovation efforts[68].

Financial Performance - Total revenue for 2024 was 338,375 million RMB, a decrease of 1.4% compared to 343,074 million RMB in 2023 [20]. - Net profit for the year was 73,202 million RMB, down 2.6% from 75,192 million RMB in the previous year [20]. - Basic earnings per share decreased by 3.4% to 3.142 RMB from 3.253 RMB [20]. - The company achieved a total profit attributable to shareholders of 62.421 billion yuan for the year, with basic earnings per share of 3.142 yuan [30]. - The company reported a total revenue of 338,375 million yuan for the year, with quarterly revenues of 87,647 million yuan, 80,431 million yuan, 85,821 million yuan, and 84,476 million yuan respectively [28]. - Total revenue for 2024 reached 338,375 million, a decrease of 1.9% from 343,074 million in 2023 [51]. - The company’s net profit attributable to shareholders for 2024 was 62.4 billion yuan, down 3.4% from 2023 [47]. - The company reported a significant drop in other gains and losses, down 97.8% to 80 million from 3,583 million in the previous year [83]. - The group’s pre-tax profit for 2024 was 58.5 billion RMB, down 8.2% from 63.8 billion RMB in 2023 [154]. Operational Highlights - The company achieved a coal production target of 334.8 million tons for 2025, with a completion of 327.1 million tons in 2024, reflecting a 0.8% increase from 2023 [47]. - The company experienced a year-on-year increase in coal production and sales volume, exceeding the annual coal production plan [31]. - The company produced 3.271 billion tons of commodity coal in 2024, exceeding the target of 3.161 billion tons by 103.5% [62]. - Coal sales volume reached 4.593 billion tons, surpassing the target of 4.353 billion tons by 105.5% [62]. - The total electricity generation was 2,232.1 billion kWh, achieving 103.2% of the target of 2,163 billion kWh [62]. - The total installed capacity for power generation reached 43,184 MW in 2024, a slight increase from 43,164 MW in 2023 [51]. - The company achieved a reduction in standard coal consumption for coal-fired power generation to 292.9 g/kWh in 2024, down from 294.9 g/kWh in 2023, a decrease of 2.0 g/kWh [163]. - The company maintained a stable production and sales strategy despite a slight decline in operating performance due to falling coal and electricity prices [61]. Investments and Future Plans - The company plans to enhance energy supply security and improve operational efficiency through various projects, including the construction of new coal mines and power plants [41]. - The company plans to invest $1 billion in new energy projects over the next three years, focusing on renewable energy sources [57]. - The company aims to accelerate green and low-carbon development, focusing on clean and efficient coal utilization and the integration of traditional and renewable energy sources [41]. - The company is exploring strategic acquisitions in the renewable energy sector, targeting a 5% increase in market share through these initiatives [57]. - The capital expenditure plan for 2024 is set at 96.81 billion RMB, with a completion target of 125.87 billion RMB for 2025 [49]. Risk Management - The company is facing risks related to safety, compliance, project management, market competition, investment, integrated operations, policy, and international operations [6]. - The realization of its 2025 operational goals faces certain uncertainties due to factors such as coal and power supply and demand, as well as industry policy adjustments [6]. Corporate Governance - The independent auditor's report issued by KPMG confirmed a standard unqualified opinion on the financial statements prepared in accordance with international financial reporting standards [6]. - The board of directors emphasized the importance of accurate and complete financial reporting, stating that there are no significant omissions or misleading statements in the annual report [6]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties [6]. - There are no violations of regulatory decision-making procedures regarding external guarantees [6]. - The board of directors consists of 8 members, with 7 attending the meeting in person, ensuring a quorum for decision-making [6]. Sustainability and Innovation - The company has established 14 national-level green mines and 7 provincial-level green mines, with green mines accounting for 84% of its total [33]. - The company has launched 36.6 MW of new renewable energy projects and is actively investing in strategic emerging industries such as energy storage and carbon capture [34]. - The company has been recognized for its sustainable development capabilities, ranking first among energy sector listed companies in brand value at 224.6 billion yuan [38]. - The company is committed to advancing technological innovation and digital transformation, including the promotion of intelligent mining and transportation systems [44]. - The company has developed over 300 coal mining robots for various operations, including tunneling, coal extraction, and safety control [131]. Market Performance - The average coal sales price for 2024 is expected to be 564 RMB/ton, a decrease of 3.4% from 584 RMB/ton in 2023 [50]. - The sales volume from external customers accounts for 83.0% of total sales, with a total of 381.2 million tons sold at an average price of 573 RMB/ton [50]. - The sales volume for electricity coal is 348.1 million tons, representing 77.6% of total domestic sales, up 1.6% from 342.5 million tons in 2023 [49]. - The average selling price of coal (excluding tax) decreased by 3.4% to 564 RMB per ton in 2024, down from 584 RMB per ton in 2023 [135]. - The total sales volume for 2024 is expected to reach 459.3 million tons, with a slight increase of 2.1% compared to 450.0 million tons in 2023 [50].

Financial Performance - In 2024, China Shenhua Energy Company Limited achieved a total revenue of 338,375 million RMB, a decrease of 1.4% compared to 343,074 million RMB in 2023[19]. - The net profit attributable to the owners of the company for 2024 was 62,421 million RMB, down 3.4% from 64,625 million RMB in 2023[19]. - Basic earnings per share for 2024 were 3.142 RMB, reflecting a decline of 3.4% from 3.253 RMB in 2023[19]. - The comprehensive market value of the company at the end of 2024 was 822.1 billion RMB[29]. - The company reported a pre-tax profit of 90,206 million RMB for 2024, a decrease of 2.8% compared to 2023's 92,776 million RMB[50]. - The total revenue for 2024 was 343.1 billion yuan, reflecting a decrease of 1.4% from 2023[46]. - The company reported a total of 5,633 million in coal chemical revenue for 2024, down from 6,098 million in 2023, reflecting a decline of 7.6%[50]. - The total revenue from coal sales in 2024 was 258.815 billion RMB, a decrease of 1.7% from 262.868 billion RMB in 2023, with a gross profit margin of 31.9%, down from 34.4%[152]. Operational Highlights - The company achieved a year-on-year increase in coal production and sales, exceeding the annual coal production plan[30]. - In 2024, the total coal production reached 327.1 million tons, a slight increase of 0.8% compared to 2023[47]. - The total electricity generation in 2024 was 223.21 billion kilowatt-hours, an increase of 5.2% from 2023[47]. - The total coal throughput at self-owned ports increased by 7.9% to 214.6 million tons in 2024, compared to 198.9 million tons in 2023[51]. - The company produced 3.271 million tons of commodity coal in 2024, exceeding the target of 3.161 million tons by 103.5%[61]. - The total electricity sales volume for 2024 reached 210.28 billion kWh, accounting for 2.1% of the total social electricity consumption of 98,521 billion kWh[161]. Investment and Capital Expenditures - The company plans to invest 96.81 billion yuan in coal business capital expenditures for 2025, compared to 125.87 billion yuan completed in 2024[48]. - The company plans to continue expanding its mining operations and has allocated 11.457 billion RMB for capital expenditures related to mining rights and infrastructure projects in 2024[143]. - The company has allocated $500 million for research and development in renewable energy technologies over the next three years[56]. Debt and Financial Stability - The company has a total debt-to-asset ratio that reflects its financial stability, although specific figures are not disclosed in the provided content[11]. - The total liabilities at the end of 2024 were 154,116 million RMB, an increase of 1.6% from 151,761 million RMB in 2023[19]. - The company’s financial costs decreased due to the optimization of debt structure and financing model, leading to a reduction in interest expenses[105]. Environmental and Social Responsibility - The report includes a detailed section on the company's environmental and social responsibilities, highlighting its commitment to sustainable practices[6]. - The company has established 14 national-level green mines and 7 provincial-level green mines, with a green mine proportion of 84%[32]. - The company is committed to accelerating the transition to green and low-carbon development, focusing on clean and efficient coal utilization[40]. Governance and Risk Management - The independent auditor's report issued by KPMG confirms that the financial statements for 2024 are prepared in accordance with international financial reporting standards and are free from material misstatements[5]. - The board of directors emphasizes the importance of risk awareness regarding safety, compliance, project management, market competition, investment, integrated operations, policy, and international operations[5]. - The board meeting was attended by 8 directors, with 7 present in person, indicating strong governance practices[5]. Market and Competitive Position - The company plans to expand its market presence by entering three new provinces, aiming for a 20% increase in market share by 2025[56]. - The company has been recognized as a pioneer in ESG practices, ranking first among energy sector listed companies in brand value at 224.6 billion yuan[37]. - The company aims to optimize its investment strategy and enhance growth momentum through various coal resource acquisition channels[40].

中国神华能源股份有限公司独立董事 2024 年度述职报告 尊敬的股东: 2024年1月1日至9月30日期间,本人担任中国神华能源 股份有限公司(以下简称公司或中国神华)独立非执行董事。任 职期间,本人严格按照《公司法》《证券法》以及《上市公司独 立董事管理办法》《香港联合交易所有限公司证券上市规则》和 《公司章程》《公司独立董事工作规则》等规定,认真履行职责, 发挥参与决策、监督制衡、专业咨询作用,维护了公司整体利益, 保护了中小股东合法权益。 一、独立董事基本情况 2024年9月30日,公司召开临时股东大会进行了董事会换 届选举,本人卸任独立董事职务。本人简历详见公司前一年度年 报(2023年度)。 本人任职符合独立性规定,不存在不得担任独立董事的情 形,不存在违反独立董事独立性要求的情形。 二、独立董事年度履职概况 | 独立董事 | 任职 | 出席情况 | 表决情况 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | 审议议案 | 同意 | 听取汇报 | 同意 | | 白重恩 | 审计与风险委员会 | 10 | રેર | રેર | 5 ...

中国神华能源股份有限公司董事会 2025 年 3 月 21 日 - 1 - 中国神华能源股份有限公司董事会 关于2024 年度独立董事独立性的专项评估意见 根据中国证监会《上市公司独立董事管理办法》《上海 证券交易所上市公司自律监管指引第 1 号—规范运作》《香 港联合交易所有限公司证券上市规则》等规定，中国神华能 源股份有限公司（以下简称公司）董事会逐项对照独立董事 独立性要求，结合在任独立董事提交的独立性自查报告，核 查了在任独立董事的独立性，出具专项意见如下： 在 2024 年度任职期间，独立董事袁国强、陈汉文、王 虹勤勉尽责，积极发挥参与决策、监督制衡、专业咨询作用， 维护了公司整体利益，保护了中小股东合法权益，不存在影 响独立董事独立性的情况，符合独立董事的任职资格及独立 性的要求。 ...

中国神华能源股份有限公司油立董事 2024 年度述职报告 尊敬的股东: 作为中国神华能源股份有限公司(以下简称公司或中国神 华)独立非执行董事,本人严格按照《公司法》《证券法》以及 《上市公司独立董事管理办法》《香港联合交易所有限公司证券 上市规则》和《公司章程》《公司独立董事工作规则》等规定, 认真履行职责,发挥参与决策、监督制衡、专业咨询作用,维护 了公司整体利益,保护了中小股东合法权益。 一、独立董事基本情况 本人的简历详见公司 2024 年度报告。 本人不存在不得担任独立董事的情形,不存在违反独立董事 独立性要求的情形,独立性情况自查报告已提交董事会。董事会 对本人独立性情况进行了评估，出具了专项意见，并与 2024 年 度报告同时披露。 二、独立董事年度履职概况 (一) 出席会议情况 2024 年度,公司召开股东周年大会及 A 股、H 股类别股东 会各 1 次,临时股东大会 2 次。董事会会议 11 次,提名委员会 6 次, 薪酬与考核委员会 4 次, 战略与投资委员会 3 次，安全、 1 健康、环保及 ESG 工作委员会 2 次,审计与风险委员会 13 次, 独立董事委员会 3 次。 2.出席专门 ...

中国神华能源股份有限公司独立者事 2024 年度达职报告 2024年度,公司召开股东周年大会及 A 股、H 股类别股东 会各1次,临时股东大会2次。董事会会议11次,提名委员会 6次,薪酬与考核委员会４次,战略与投资委员会 3次,安全、 健康、环保及 ESG 工作委员会 2 次,审计与风险委员会 13 次, 独立董事委员会3次。 2.出席专门委员会、独董会情况 作为审计与风险委员会、薪酬与考核委员会、独立董事委员 会等相关专门委员会的主席和委员,本人积极参加相关会议,工 作情况具体如下。 尊敬的股东: 作为中国神华能源股份有限公司(以下简称公司或中国神 华)独立非执行董事,本人严格按照《公司法》《证券法》以及 《上市公司独立董事管理办法》《香港联合交易所有限公司证券 上市规则》和《公司章程》《公司独立董事工作规则》等规定, 认真履行职责,发挥参与决策、监督制衡、专业咨询作用,维护 了公司整体利益,保护了中小股东合法权益。 一、独立董事基本情况 本人的简历详见公司 2024 年度报告。 本人不存在不得担任独立董事的情形,不存在违反独立董事 独立性要求的情形,独立性情况自查报告已提交董事会。董事会 对本人独立性情 ...

本人的简历详见公司 2024年度报告。 2024 年 9 月 30 日，经中国神华 2024 年第一次临时股东大 会选举,我担任公司第六届董事会独立董事,同日又经提名选举, 担任提名委员会主席、审计与风险委员会委员。报告期内，本人 在公司任职 3个月。 本人不存在不得担任独立董事的情形,不存在违反独立董事 独立性要求的情形,独立性情况自查报告已提交董事会。董事会 对本人独立性情况进行了评估,出具了专项意见,并与 2024年 度报告同时披露。 二、独立董事年度履职概况 中国神华能源股份有限公司独立董事 2024 年度述职报告 尊敬的股东: 作为中国神华能源股份有限公司(以下简称公司或中国神华) 独立非执行董事,本人严格按照《公司法》《证券法》以及《上 市公司独立董事管理办法》《香港联合交易所有限公司证券上市 规则》和《公司章程》《公司独立董事工作规则》等规定,认真 履行职责,发挥参与决策、监督制衡、专业咨询作用,维护了公 司整体利益,保护了中小股东合法权益。 一、独立董事基本情况 | 独立 | | 股东大会 | | | | | 董事会 | | | | | --- | --- | --- | --- | --- ...

中国神华能源股份有限公司 2024 年度会计师事务所履职情况评估报告 中国神华能源股份有限公司（以下简称"公司"）聘 请毕马威华振会计师事务所（特殊普通合伙）（以下简称 "毕马威华振"）作为公司 2024 年度年报审计机构。根据 财政部、国务院国资委及证监会印发的《国有企业、上市 公司选聘会计师事务所管理办法》，公司对毕马威华振 2024 年审计过程中的履职情况进行评估。经评估，公司认 为毕马威华振资质等方面合规有效，履职保持独立性，勤 勉尽责，公允表达意见，具体情况如下。 一、资质条件及执业记录 毕马威华振于 1992 年 8 月 18 日成立，于 2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业，更名 为毕马威华振会计师事务所（特殊普通合伙），2012 年 7 月 10 日取得工商营业执照，并于 2012 年 8 月 1 日正式运营。 毕马威华振总部设在北京，注册地址为北京市东城区东长 安街东方广场东 2 座办公楼 8 层。于 2024 年 12 月 31 日， 毕马威华振拥有合伙人 241 人，注册会计师 1,309 人，其中 签署过证券服务业务审计报告的注册会计师超过 300 人 ...

2024 年度报告摘要 1 公司代码：601088 公司简称：中国神华 中国神华能源股份有限公司 第一节 重要提示 第二节 公司基本情况 1. 公司简介 1.1 股票简况 | | 公司股票简况 | | | | --- | --- | --- | --- | | 股票种类 股票上市交易所 | | 股票简称 | 股票代码 | | A股 上交所 | | 中国神华 | 601088 | | H股 港交所 | | 中国神华 | 01088 | 1.2 联系人和联系方式 | | | 董事会秘书、联席公司秘书 | 证券事务代表、联席公司秘书 | | --- | --- | --- | --- | | 姓 | 名 | 宋静刚 | 园 庄 | | 联系地址 | | 北京市东城区安定门西滨河路22号 | 北京市东城区安定门西滨河路22号 | | | | （邮政编码：100011） | （邮政编码：100011） | | 电 | 话 | (8610) 5813 1088 | (8610) 5813 3355 | | 电子信箱 | | 1088@csec.com | ir@csec.com | 2. 报告期公司主要业务简介 本集团的 ...