Summary by Moomoo AI
China Shenhua Energy Co., Ltd. (Shenhua, China) has announced its unaudited financial report for the first quarter of 2024. The report showed that the company's revenue in the first quarter of 2024 increased slightly by 0.7% compared to the same period last year, reaching RMB87,647 million, but net profit attributable to company owners fell 14.1% to RMB17,760 million. Basic earnings per share fell 14.1% year-on-year to $0.894. Net cash inflows generated by operating activities also decreased by 2.2%. Total assets and equity attributable to company owners increased by 3.7% and 4.3%, respectively. During this reporting period, the Company's key financial data and financial indicators have been prepared in accordance with international financial reporting criteria. IN ADDITION, THE COMPANY'S HOLDING SHAREHOLDER NATIONAL ENERGY GROUP, THROUGH ITS WHOLLY-OWNED SUBSIDIARIES, INCREASED COMPANY A SHARES THROUGH CENTRALIZED BIDDING ON THE STOCK EXCHANGE, FOR A CUMULATIVE INCREASE OF APPROXIMATELY RMB36,527.90 MILLION, REPRESENTING 73.1% OF THE AMOUNT UNDER THE GROWTH PLAN. As of 31 March 2024, National Energy Group's direct and indirect holding of Company A shares was 69.5789%.