Shenhua Group’s logo consists of five geometric graphics which represents the integrated five-to-one development model of coal, electricity, railway, port, coal-to-liquids and coal –to-chemicals industry. Five geometric graphics, which are solid and strong, represent the powerful economic strength of the Group and the pragmatic, pioneering and excellence-seeking entrepreneurial spirit, as well as the rigorous and pragmatic style of operation. Five geometric graphics form a carrack in an organic manner, symbolizing that the Company rides the wind and waves, and goes ahead bravely without looking back in the tide of market economy, and also implying the smooth development of the Company. The red box at the upper side seems like a red flag fluttering in the wind, and also like a piece of burning coal, symbolizing Shenhua's operation pattern, which is coal-based and all-round development of other industries driven by coal. The use of red and black reflects the intrinsic essence of the Group to develop the basic energy industry.