Major Chinese coal mining company China Shenhua Energy Co., Ltd has announced that its net profit in 2024 will likely amount to RMB 57-60 billion ($7.95-8.4 billion), compared to a net profit of RMB 59.694 billion in 2023.
Due to the decline in the average sales price of coal, the company’s coal segment indicated a year-on-year decrease in its net profit. Meanwhile, the year-on-year decreases in terms of impairment losses on assets and non-operating expenses also affected the company’s performance.
