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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.


(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01088)


OVERSEAS REGULATORY ANNOUNCEMENT


This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.


The "Announcement Regarding Adjustments to Electricity Tariffs" as published in Chinese on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 3 February 2016 is enclosed hereto as overseas regulatory announcement.


By Order of the Board

China Shenhua Energy Company Limited

Huang Qing

Secretary to the Board of Directors

Beijing, 2 February, 2016



As at the date of this announcement, the Board comprises the following: Dr. Zhang Yuzhuo, Dr. Ling Wen and, Mr. Han Jianguo as executive directors, Mr. Chen Hongsheng as non-executive director, and Ms. Fan Hsu Lai Tai, Mr. Gong Huazhang and Mr. Guo Peizhang as independent non-executive directors.

Stock Code: 601088 Stock Short Name: China Shenhua No. of Announcement: Lin 2016-008


China Shenhua Energy Company Limited Announcement Regarding Adjustments to Electricity Tariffs



The board of directors and all directors of China Shenhua Energy Company Limited guarantee that the information set out in this announcement does not contain any false statements, misleading representations or material omissions, and severally and jointly accept responsibility as to the truthfulness, accuracy and completeness of the content herein.


Recently, the National Development and Reform Commission issued the notice on Reduction of On-grid Tariffs for Coal-Fired Power Generation and General Industrial and Commercial Electricity Tariffs (Fa Gai Jia Ge [2015] No. 3105) (the "Notice"), in which downward adjustments to on-grid tariffs for coal-fired power generation shall come into effect since 1 January 2016 and the on-grid tariff rates shall reduce by an average of approximately RMB0.0300/KWh (tax inclusive) nationwide. The Notice stipulates that in order to promote "ultra-low emission" refurbishment at coal-fired power plants, the implementation of tariff support for the coal-fired power generating units which have passed the acceptance checks and are in conformity with the requirements on ultra-low emission limits pursuant to the Notice on the Relevant Issues on the Implementation of Tariff Support Policy of Ultra-Low Emission by Coal-Fired Power Plants (Fa Gai Jia Ge [2015] No. 2835) jointly issued by the National Development and Reform Commission, the Ministry of Environmental Protection, and the National Energy Board of the PRC. For the existing generating units which have been in grid connection prior to 1 January 2016, the tariffs shall be increased by RMB0.0100/KWh (tax inclusive) under unified purchase of output dispatch. Whilst for the newly-established generating units which have been in grid connection after 1 January 2016, the tariffs shall be increased by RMB0.0050/KWh (tax inclusive) under unified purchase of output dispatch. The major impacts on China Shenhua Energy Company Limited (the "Company") arising from the abovementioned documents are as follows:

  1. Based on the preliminary estimation with reference to the structure of actual power sales output dispatch of the Company in 2015, such adjustments to the on-grid tariffs for coal-fired power generation will lower the tariffs on power output dispatched by the coal-fired power generating units of the Company by an average of approximately RMB0.0312/KWh (tax inclusive), representing a downward adjustment to the average tariff on power output dispatched by the Company from January to September in 2015 by approximately 8%, which will correspondingly reduce the operating revenues and gross profits of the Company for the year of 2016. The above estimation is for investors' reference only. With the intensive reform of the mechanisms for the power industry, there may be relatively considerable differences

    in the structure of actual power sales volume of the Company in 2016 compared to that in 2015.

  2. Based on our preliminary statistics, as of 31 December 2015, the capacity of coal-fired power generating units that have passed the acceptance checks of the Company and in conformity with the requirements on the ultra-low emission limits was 13,700MW, while the capacity of coal-fired power generating units with ultra-low emission that were in operation but were undergoing the process of acceptance checks was 6,610MW. The Company is planning to further the refurbishment and the establishment of new coal-fired power generating units with ultra-low emission on an ongoing basis in 2016.

The above data are preliminary only and the ones disclosed in the audited regular reports shall be final. Investors shall note that the undue reliance upon and use of the above information may result in investment risks.


By order of the board of directors China Shenhua Energy Company Limited

Huang Qing

Secretary to the Board of Directors 3 February 2016