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China's largest coal producer, integrated with power generation, rail, port and shipping to move coal from mine to customer.
China's largest coal producer, integrated with power generation, rail, port and shipping to move coal from mine to customer.
Sells coal mainly to utilities, largely under long-term contracts at prices linked to market indexes, and runs its own railway, ports and ships to deliver it, so the logistics chain is part of the product. Its power plants burn some of its own coal. CHN Energy, a state-owned group, controls it. These Hong Kong shares and the Shanghai ones are the same company.
In one line: China's Peabody Energy plus a captive railroad/utility.
Moat: wide (scale, installed base, distribution). Vertically integrated mine-to-port-to-power chain gives cost and logistics advantages few peers can match.
Headquarters: Beijing, China · Founded: 1995 · Employees: 91,392
Size China Shenhua (1088.HK) is a Hong Kong Energy company (Coal) with a market value of $155B, the 11th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$42.66 on 6 Nov 2026.
Performance Over six months the shares fell 3.9%, against -10.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 33.7% over the last twelve months (peer median -0.5%); the operating margin is 23.4% (peer median 12.9%).
Valuation It trades at 12.7× forward earnings against a peer median of 11.0× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.8 points above its cost of capital (5.6% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$430B | HK$320B | HK$368B | HK$379B | HK$401B |
| Revenue growth | — | -13% | -3% | -5% | — |
| Gross profit | HK$145B | HK$91.1B | HK$105B | HK$117B | HK$131B |
| EBITDA | n/a | HK$106B | HK$122B | HK$134B | HK$146B |
| Net income | HK$68.5B | HK$58.8B | HK$64.6B | HK$71.4B | HK$84.8B |
| Free cash flow | HK$43.4B | HK$31.3B | HK$59.2B | HK$60.0B | HK$95.4B |
| Capital expenditure | HK$73.7B | HK$52.5B | HK$40.9B | HK$41.0B | HK$33.4B |
| Total debt | HK$183B | HK$40.3B | HK$50.0B | HK$43.4B | HK$64.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Shenhua 1088.HK | $155B | -4% | +34% | 23% | 12.7× | -8.1% |
| China Coal Energy 601898.SS | $22.6B | -31% | -4% | 18% | 9.2× | -17.0% |
| Yankuang Energy 1171.HK | $21.1B | -27% | +33% | 12% | 5.6× | n/a |
| Peabody Energy BTU | $1.95B | -32% | +3% | -4% | 6.3× | n/a |
| Glencore GLEN.L | $78.0B | -14% | +27% | 2% | 10.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1088.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | -6.8% | 4th highest of 21 |
| 6-month return | -3.9% | -10.2% | 7th highest of 21 |
| Distance from 52-week high | -11.4% | -24.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +33.7% | -0.5% | 2nd highest of 21 |
| Operating margin | 23.4% | 12.9% | 4th highest of 21 |
| Forward P/E | 12.7× | 11.0× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -8.1% | -5.8% | 6th least demanding of 14 |
| Growth delivered (Del g) | +4.1% | +4.8% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -12.2 pp | -12.1 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +7.8 pp | +2.1 pp | 3rd highest of 20 |
| Net debt / EBITDA | -0.6× | -0.1× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Shenhua 1088.HK | Hong Kong | $155B | -4% | +34% | 23% | 12.7× | -8.1% | +4.1% |
| China Shenhua Energy 601088.SS | China | $151B | +1% | -13% | 24% | 16.9× | n/a | n/a |
| Shaanxi Coal Industry 601225.SS | China | $37.6B | -1% | -8% | 22% | 11.1× | -15.1% | +10.7% |
| China Coal Energy 1898.HK | Hong Kong | $23.8B | -25% | -11% | 15% | 5.9× | -10.2% | +0.3% |
| Yankuang Energy 1171.HK | Hong Kong | $21.1B | -27% | +33% | 12% | 5.6× | n/a | n/a |
| Shanxi Lu'An Environmental Energy Development 601699.SS | China | $6.03B | -17% | -1% | 10% | 10.9× | n/a | n/a |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |