Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Shenhua Energy Company Limited    601088   CNE100000767

End-of-day quote. End-of-day quote  - 07/18
17.21 CNY   -0.75%
07/16Renewed Support Called For China Stock Market
AQ
07/09China Shares May See Continued Support
AQ
07/02China Stocks Predicted To Open In The Green
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Shenhua and Guodian - China's latest state marriage

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/30/2017 | 02:51am CEST

BEIJING (Reuters) - China's top coal miner Shenhua Group Corp Ltd [SHGRP.UL] will take over China Guodian Group Corp [CNGUO.UL], among the country's top five state power producers, in a deal that will create the world's largest power utility worth $278 billion.

With an estimated 326,000 staff, it will have a workforce almost four times bigger than the entire U.S. coal-fired power industry in 2016.

The combined entity will have an installed capacity topping 225 gigawatts (GW), eclipsing EDF (>> Electricité de France) and Enel (>> Enel) to become the world's biggest power company by capacity.

It will also be the largest wind power developer in the world with 33 gigawatts of capacity and the biggest coal producer.

Here is a breakdown of each companies' operations:

GUODIAN GROUP:

Guodian Group had total installed capacity of 143 gigawatts of power, including 26.17 GW of wind at end-June. It is also a leading hydropower and renewables developer and produced 58.72 million tonnes of coal in the first of the year.

Its listed unit GD Power (>> GD Power Development Co Ltd) has 22 coal-fired power plants with capacity of 34.3 GW and also has 7.6 GW under construction. Five of those operating plants lost money in the first half.

According to Fortune magazine, it had 124,057 staff.

Other listed units of China Guodian are Guodian Changyuan Electric Power Co Ltd (>> Guodian Changyuan Electric Power Co. Ltd), Yantai LongYuan Power Technology Co Ltd (>> Yantai Longyuan Power Technology Co.,Ltd) and Ningxia Younglight Chemicals Co Ltd (>> Ningxia Younglight Chemicals Co Ltd).

SHENHUA GROUP:

Shenhua said on Monday it expects to produce 278 million tonnes of coal in 2017, down from a previous target of 290 million tonnes. It also set a sales target of 396 million tonnes for 2017.

In 2016, it accounted for 8 percent of China's total output and produced almost four times more than the second-largest producer Shanxi Coking Coal Group Co Ltd.

Its website says that at end-2015 it had 54 coal mines; total installed power capacity of 78.5 GW; 2,155 km of rail network; and a port cargo capacity of 270 million tonnes.

According to Fortune, it has a workforce of 202,200 staff.

Shenhua's listed unit Shenhua Energy Co Ltd (>> China Shenhua Energy Company Limited) has 18 power plants with capacity of 33 GW, with 3.9 GW under construction.

Seven of those were in deep loss in the first half. The listed company was one of the most profitable public commodity companies in the first half.

(Reporting by Josephine Mason and Meng Meng; Editing by Tom Hogue)

Stocks mentioned in the article
ChangeLast1st jan.
CHINA SHENHUA ENERGY COMPANY LIMITED -0.75% 17.21 End-of-day quote.-25.16%
ELECTRICITÉ DE FRANCE 0.61% 12.34 Real-time Quote.18.43%
ENEL 0.51% 4.905 End-of-day quote.-4.87%
GD POWER DEVELOPMENT CO. 3.89% 2.67 End-of-day quote.-17.63%
GUODIAN CHANGYUAN ELECTRIC POWER CO. LTD --End-of-day quote.
NINGXIA YOUNGLIGHT CHEMICALS CO LTD --End-of-day quote.
YANTAI LONGYUAN POWER TECHNOLOGY CO.,LTD --End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA SHENHUA ENERGY COMPA
07/16Renewed Support Called For China Stock Market
AQ
07/09China Shares May See Continued Support
AQ
07/02China Stocks Predicted To Open In The Green
AQ
06/28CHINA SHENHUA ENERGY COMPANY : Ex-dividend day for final dividend
FA
06/25China Stock Market May Reclaim 2,900-Point Level
AQ
06/11Losing Streak May Continue For China Stock Market
AQ
04/30CHINA SHENHUA ENERGY : 1Q profit down 5.7% to Rmb12.2bn
AQ
04/27CHINA SHENHUA ENERGY COMPANY LIMITED : 1st quarter results
CO
03/26CHINA SHENHUA ENERGY : year net up 92% to Rmb47.8bn; div Rmb0.91
AQ
03/19CHINA SHENHUA ENERGY : Feb coal output down 10.4%; sales down 13%
AQ
More news
News from SeekingAlpha
03/2750 Top Basic Materials Dividend Yields For March 
02/20Coal, Chips & Chemicals Charge Up, Per Broker February Targets 
01/20Chemicals, Coal And Industrial Metals Shine As Basic Materials Per Broker Jan.. 
201790 10%+ Yield Dividend Stocks, Topped By Capitala & Dynagas, Sport Big Gains .. 
2017Coal Is Still Hottest Atop Basic Materials By Broker December Targets 
Financials (CNY)
Sales 2018 248 B
EBIT 2018 73 441 M
Net income 2018 46 308 M
Debt 2018 4 324 M
Yield 2018 5,33%
P/E ratio 2018 7,47
P/E ratio 2019 7,54
EV / Sales 2018 1,36x
EV / Sales 2019 1,27x
Capitalization 334 B
Chart CHINA SHENHUA ENERGY COMPA
Duration : Period :
China Shenhua Energy Compa Technical Analysis Chart | 601088 | CNE100000767 | 4-Traders
Technical analysis trends CHINA SHENHUA ENERGY COMPA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 24,2  CNY
Spread / Average Target 40%
EPS Revisions
Managers
NameTitle
Wen Ling Chairman
Ke Hui Zhang Chief Financial Officer
Ji Bin Zhao Director
Dong Li Director & Senior Vice President
Da Yu Zhou Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CHINA SHENHUA ENERGY COMPANY LIMITED-25.16%50 057
GLENCORE-18.33%59 765
COAL INDIA0.40%23 979
SHAANXI COAL INDUSTRY CO LTD-9.44%11 012
CHINA COAL ENERGY COMPANY-18.01%7 996
YANZHOU COAL MINING CO LTD-20.80%7 402