Summary by Moomoo AI
China Shenhua Energy Co., Ltd. (“Shenhua China”) released key operating data for January 2024 on 20 February 2024. The report showed that the company's commodity coal production increased slightly to 27.2 million tons in the month, while coal sales increased significantly to 38.5 million tons, an increase of 27.9% year-on-year. In terms of transportation, own rail freight turnover increased by 22.3% year-on-year, while freight and shipping turnover increased by 30.6% and 36.6%, respectively. Power generation and electricity sales also grew by 41.6% and 42.4% respectively, mainly due to new unit shipments and lower spring holiday margins in 2023. However, coal chemical product sales declined, with polyethylene and polypropylene sales down 4.2% and 5.6%, respectively. The company emphasizes that operating data is influenced by a variety of factors and investors should not rely too much on it as a basis for investment decisions.