Chinese coal miner China Shenhua Energy Company, a listed subsidiary of Shenhua Group - the largest coal company in China, has announced that it expects to register a net profit of RMB 23.0 billion ($3.37 billion) for the first half of the year, down 5.3 percent year on year.
It stated that the decline in the company’s coal output and the rise in taxes have resulted in the decrease in its net profit in the given period.