智通财经网·2025-10-30 06:37Core Viewpoint - China Shenhua Energy's net profit for the third quarter decreased by 6% year-on-year to 14.7 billion RMB, but increased by 13% quarter-on-quarter, driven by strong performance in the power business [1] Financial Performance - The company's net profit for Q3 2023 was 14.7 billion RMB, reflecting a 6% decline compared to the same period last year [1] - There was a 13% increase in net profit compared to the previous quarter [1] Business Segments - The strong quarterly growth was primarily attributed to the excellent performance of the power business [1] Future Outlook - The company is expected to maintain stable earnings in Q4 2025, as rising costs and unfavorable changes in coal sales structure will offset the benefits from rising coal prices [1] - Earnings forecasts for 2025 to 2027 have been raised by 7% to 10% due to strong earnings performance in Q3 2025 [1] Investment Rating - The rating remains at "Hold," with the target price increased from 39.48 HKD to 42.5 HKD [1]