中国神华: 中国神华2025年上半年业绩预告

Core Viewpoint - China Shenhua Energy Co., Ltd. expects a significant decline in net profit for the first half of 2025, with projections indicating a decrease of 13.2% to 20.0% compared to the previous year [1][2]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders ranging from 23.6 billion to 25.6 billion yuan for the first half of 2025, representing a decrease of 39 billion to 59 billion yuan compared to the same period last year [1][2]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 23.3 billion and 25.3 billion yuan, reflecting a decline of 42 billion to 62 billion yuan year-on-year [2]. Previous Year Comparison - Compared to the statutory disclosure data from the previous year, the anticipated net profit shows a decrease of 14.2% to 21.0% when excluding non-recurring items [2]. - The company completed the acquisition of Hanjin Energy, which is now included in the consolidated financial statements, leading to retrospective adjustments in the comparative financial statements [2]. Operational Insights - The decline in profit is attributed to a decrease in sales volume and average selling prices within the coal segment, despite overall stable production and operational conditions [2].