China Shenhua Energy Co Ltd

China Shenhua Energy Co Ltd (stock code 601088) announced that the third power generation unit of the Qingyuan Phase II project has successfully completed a 168‑hour trial operation and entered commercial service. The unit, located in Shankou Town, Yingde City, Guangdong Province, is part of a two‑unit, 100 MW super‑critical reheat coal‑fired plant. The plant uses high‑efficiency clean‑coal technology, with a projected coal consumption of 262.23 g kWh⁻¹ and ultra‑low emissions of air pollutants and zero wastewater discharge.

The fourth unit is progressing steadily and is scheduled for commercial commissioning in February 2026. Once fully operational, the Qingyuan Phase II project will contribute significantly to easing energy supply pressure in the Guangdong–Hong Kong–Macao Greater Bay Area and enhance regional energy security.

Company Context

  • Sector: Energy – Oil, Gas & Consumable Fuels
  • Primary Exchange: Hong Kong Stock Exchange
  • Market Capitalisation: HKD 896 310 000 000
  • Price‑to‑Earnings Ratio: 14.36
  • 2025‑12‑30 Closing Price: HKD 38.70
  • 52‑Week Range: HKD 28.30 – 43.84

China Shenhua Energy is a Beijing‑based mining and distribution company that produces a broad spectrum of coal products, including brown coal, bituminous coal, hard coal, coking coal, and related materials. The company also operates electricity generation, railway transport, and other businesses. Its IPO was launched on 15 June 2005 and it is listed on the Shanghai Stock Exchange under the code 601088.

Market Environment

The Shanghai Composite Index closed on 31 December 2025 at 3 965.28, marking its ninth consecutive day of gains and ending the year near the 3 960‑point plateau. Profit‑taking was anticipated as investors positioned for the year’s end, with the market showing mixed performance across regions. Energy shares contributed to the index’s rise, offsetting weakness in financial and property sectors. The Shenzhen Composite Index also posted gains, reflecting broader investor interest in energy and resource companies.

Implications for China Shenhua Energy

The successful trial operation of Qingyuan Phase II Unit 3 demonstrates China Shenhua Energy’s capability to deliver advanced coal‑fired power projects that meet stringent environmental standards. The project’s completion aligns with the Guangdong “14th Five‑Year Plan” priorities for energy security and clean energy development. The expected operational start of Unit 4 in early 2026 will further increase the company’s generation capacity and support regional demand.

Given the company’s market position and the favorable energy sector performance, the recent project milestone is likely to reinforce investor confidence in China Shenhua Energy’s growth trajectory and its contribution to China’s energy infrastructure.