Summary by Moomoo AI
CHINA SHENHUA ENERGY CO., LTD. ANNOUNCED ITS 2023 RESULTS FORECAST THAT NET PROFIT ATTRIBUTABLE TO THE COMPANY'S SHAREHOLDERS IN 2023 WILL BE $578 BILLION TO $608 BILLION, DOWN 12.6% TO 16.9% YEAR-ON-YEAR. Net profit after non-recurring losses is expected to be $613 billion to $643 billion, down 8.5% to 12.8% year-on-year. The forecast data has not been audited or reviewed by an accounting firm. The company noted that the profit growth was mainly influenced by increased electricity sales and a decrease in the average purchase price of coal, while downside factors included a decrease in the average selling price of coal, an increase in the cost of the railway division, etc. THE COMPANY EMPHASIZES THAT THE FOREGOING DATA ARE PRELIMINARY AND THAT THE SPECIFIC FINANCIAL DATA WILL BE BASED ON THE AUDITED 2023 REPORT, REMINDING INVESTORS TO BE AWARE OF INVESTMENT RISKS.