UBCSHEN@EC2609A

UBS Raises China Shenhua's Operational Targets and Capital Spending Plan

China Shenhua reports a 11% decline in first quarter profits to 11.88 billion yuan

CHINA SHENHUA released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue HKD 79.81 B (forecast HKD 103.77 B), actual EPS HKD 0.67 (forecast HKD 0.7369)

China Shenhua reports Q1 2026 net profit down 10.7%

China Merchants Bank Upgrades China Shenhua Energy Co Ltd Rating, Sets Target Price at HKD 48.60

CHINA SHENHUA to Release FY2026 Q1 Earnings on April 24 After-Market (BJT), Forecast Revenue HKD 104.98 B, EPS HKD 0.7401

6 A-share Companies Announced Equity Financing Related Announcements on April 17

Shen Dong Coal Industry Launched Inner Mongolia's First Underground Energy Storage Key Laboratory

China Shenhua's Coal Sales in March Reached 36.8 Million Tons

China Shenhua Completes Issuance of Shares and Cash Payment for Asset Acquisition Raising 20 Billion

Eastern Securities Upgrades China Shenhua A-Share Rating to Buy

China Shenhua Executives Analyze 2025 Performance and Future Coal Market Outlook

China Shenhua Announces Lower Profit and Business Targets for the Year

China Shenhua Approves 2026 Donation Budget and Approves 2025 Financial Report

China Shenhua Publishes 2025 ESG Report

CSCEC Announces Plan to Distribute Dividends for 2025

China Shenhua's Net Profit Fell 19.2% in 2025

CHINA SHENHUA released FY2025 Q4 earnings on March 30 After-Market (BJT), actual revenue HKD 90.93 B (forecast HKD 71.14 B), actual EPS HKD 0.7192 (forecast HKD 0.6338)

CHINA SHENHUA released FY2025 earnings on March 30 After-Market (BJT), actual revenue HKD 322.33 B (forecast HKD 339.34 B), actual EPS HKD 2.9072 (forecast HKD 2.9609)

Morgan Stanley Upgrades China Shenhua to Overweight

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UBS has rated CHINA SHENHUAas Neutral with a target price of HKD48. The company reported a profit of RMB11.885 billion for Q1 2026, down 11.1% YoY, aligning with market expectations. Following acquisitions, CHINA SHENHUA raised its 2026 operational targets, increasing coal production by 55% and capital expenditure from RMB38 billion to RMB56 billion. Short selling data indicates a ratio of 36.056%.

AASTOCKS News

CHINA SHENHUA

CSEC/China Shenhua

UBS Rates CHINA SHENHUA  Neutral with TP at HKD48

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Morgan Stanley's report indicates that CHINA SHENHUA ENERGYexperienced an 11% YoY and 23% QoQ decline in net profit for 1Q26, aligning with market expectations. Despite a 4% YoY drop in average coal prices, third-party coal sales rose by 21% YoY, increasing sales costs. The company has raised its capital expenditure budget from RMB38 billion to RMB56 billion. Morgan Stanley expects coal prices to rise in Q2 due to reduced imports, geopolitical tensions, and increased domestic demand, maintaining an Overweight rating with a target price of HKD53.6.

China Shenhua Energy

Guotai CSI Coal ETF

Morgan Stanley

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M Stanley Expects Coal Prices to Continue Rising in Second Quarter; Rates CHINA SHENHUA ENERGY  Overweight

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China Shenhua Energyreported a net profit of RMB11.885 billion for Q1, a decline of 11.1% year-on-year. Revenue increased by 1.2% to RMB70.397 billion, driven by higher electricity sales. However, gross profit fell by 11.2% to RMB11.695 billion due to lower sales volume and prices of self-produced coal, resulting in a gross margin of 22.6%.

Bosera CSI All Share Electric Utilities ETF

GF CSI All Share Power Public Service ETF

ChinaAMC Green Electricity ETF

China Shenhua Energy  1Q Net Profit RMB11.885 Billion, Down 11.1% YoY

China Shenhua (1088.HK) continued its bullish momentum yesterday, with significant increases in market buying. It remains above the major moving averages on the daily chart, indicating a strong bullish pattern. In the short term, attention should be paid to the stability of prices within the upward trajectory and the volatility risks brought by market sentiment. Investors should cautiously assess swing trading strategies and adjust their positions as needed to respond to potential market fluctuations

Technical Forecast

Morning Trend | China Shenhua bulls continue, risk pullback needs attention

Bank of China analyst upgraded China Shenhua Energy Co to a Hold on April 20 and set a price target of HK$48.60. The company’s shares closed last Wednesday at HK$45.18.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on China Shenhua Energy Co is a Moderate Buy with an average price target of HK$47.38.

Tip Ranks

BANK OF CHINA

Bank Of China

BOC HONG KONG

Bank of China

Bank of China upgrades China Shenhua Energy Co (CUAEF) to a Hold

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A Goldman Sachs report indicates that if the Middle East conflict continues, high-income nations will leverage their purchasing power to secure energy, leaving low-income countries like Bangladesh and Pakistan at risk of supply disruptions and manufacturing shutdowns. High import costs are driving a global shift toward localized energy, leading to a structurally bullish outlook for solar power. Meanwhile, some nations in South and Southeast Asia, lacking the capability to rapidly deploy renewable energy, are reverting to coal, which is expected to receive sustained demand support over the coming years

- The ongoing Middle East conflict is reshaping the global energy landscape, favoring solar energy and coal as major beneficiaries.  
- High-income countries are leveraging their purchasing power to secure energy resources, while low-income nations like Bangladesh and Pakistan risk energy shortages due to rising import costs and competition.  
- The transition to localized energy sources is accelerating, with increased adoption of solar energy expected in the long term, but many South and Southeast Asian countries are reverting to coal amid difficulties in deploying renewable sources, sustaining global coal demand.

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China Coal Energy

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Huatai-PB CSI Photovoltaic Industry ETF

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Shanxi Coking Coal

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Penghua SSE STAR New Energy ETF

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Range Global Coal Index ETF

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Goldman Sachs: Three Key Revelations from the Middle East Energy Shock—Structurally Bullish on Solar, Strengthened Coal Demand, and Developing Countries Under Pressure

China Shenhua Energy Co has completed the issuance of new domestic A shares to raise funds for asset acquisitions. The shares were priced at RMB43.70 each, reflecting strong investor demand and reinforcing the company's capital base. This issuance is part of a broader strategy to enhance its asset structure and operational scale, demonstrating the company's ability to efficiently tap into domestic capital. Analysts rate the stock as a Buy with a price target of HK$52.00.

China Shenhua Completes Targeted A-Share Issuance to Fund Asset Acquisitions

China Shenhua Energy (SEHK:1088) reported its 2025 results, showing a net income of CNY 54,218m and a proposed final dividend of RMB 1.03 per share, totaling RMB 22.34b. The stock trades at a P/E of 16x, slightly above its estimated fair value of 16.8x, indicating potential overvaluation compared to industry peers. Despite a strong 57.95% total shareholder return over the past year, concerns about future earnings growth and market conditions persist. The SWS DCF model suggests the stock may be undervalued at HK$46.58, with a fair value estimate of HK$83.48.

Simplywall

China Shenhua Energy (SEHK:1088) Valuation After 2025 Results And Final Dividend Proposal

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Hong Kong's Hang Seng Index opened down 0.16%, and the Hang Seng TECH Index fell 0.49%

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Tianhong Hang Seng TECH ETF(QDII)

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Dacheng Hang Seng Technology ETF(QDII)

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China Southern Hang Seng ETF

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The Hong Kong stock market is showing signs of recovery, with the Hang Seng Index closing slightly higher at 24,788.14, just below the 24,800-point mark. The market has fluctuated recently but is expected to gain momentum due to positive global forecasts and optimism regarding Middle East tensions. Key stocks showed mixed results, with notable gains from BOC Hong Kong and China Construction Bank, while Alibaba and China Shenhua Energy faced declines. The overall sentiment is bolstered by a rally in U.S. markets, despite significant losses in March.

UBCSHEN@EC2609A(28198.HK)

UBS Rates CHINA SHENHUA Neutral with TP at HKD48

M Stanley Expects Coal Prices to Continue Rising in Second Quarter; Rates CHINA SHENHUA ENERGY Overweight

China Shenhua Energy 1Q Net Profit RMB11.885 Billion, Down 11.1% YoY