Summary by Moomoo AI
China Shenhua Energy Co., Ltd. (“China Shenhua”) released key operating data for March 2024 on 15 April 2024. The data showed that commodity coal production and coal sales grew marginally by 3.3% and 8.8%, respectively. Own rail turnover and Huanghua Port shipments also grew by 10.1% and 11.5%, respectively. HOWEVER, TIANJIN COAL PIER SHIPMENTS AND SEA FREIGHT VOLUMES DECREASED BY 6.2% AND 1.2% RESPECTIVELY. Total power generation and total electricity sales decreased by 3.3% and 7.0%, respectively. The company noted that the increase in coal chemicals led to increased demand for rail transport, while the increase in shiploads in Huanghua Port was mainly due to increased resources in Hong Kong and a lower base rate over the same period last year. The operating data comes from internal company statistics and reminds investors to be aware of the possible monthly differences in operating data and investment risks.