Profile of China Shenhua Energy Company Limited
China Shenhua Energy Company Limited, exclusively initiated by Shenhua Group Corporation Limited (Shenhua Group in short hereinafter), is incorporated in Beijing, China on November 8, 2004. H shares and A shares of China Shenhua are listed on Hong Kong Stock Exchange and Shanghai Stock Exchange in June 2005 and October 2007 respectively. China Shenhua is a world-leading coal-based integrated energy company, with principal businesses covering coal production and sales, railway , port and shipping of coal-related materials, as well as power generation and sales.
China Shenhua, with the largest coal reserves, is the largest coal supplier in China. The Company's large-scale, effective, and safe production mode has become a model in China’s coal industry. In 2009, the commodity coal output of China Shenhua reached 210.3 million tons, up by 13.2% on a year-on-year basis and the coal sales volume reached 254.3 million tons, up by 9.3% on a year-on-year basis. In 2009, the Company’s fatality rate per million tons of raw coal produced was 0.017. As of December 31, 2009, calculated according to the Chinese mining industry standard, China Shenhua has had 11.306 billion tons of recoverable coal reserves; calculated according to the international JORC, China Shenhua has had 6.927 billion tons of salable coal reserves. The Company's coal reserves have the characteristics of easy to be mined, small inclination and low gas-bearing. The steam coal contain medium amp; high calorific value, low ash and sulfur content, and the geologic conditions and coal quality are suitable for constructing and operating large coal mines. The Company has three main mining areas including Shendong Mining Area, Zhunge’er Mining Area and Shengli Mining Area, in which the Shendong Mining Area keeps the world leading level for production volume and productivity of underground mines.
With the large-scale integrated transportation network formed by railway and port, the Company operates five railways including Shenshuo-Shuohuang Railway, the second longest linkage for west-to-east coal transportation in China, Huanghua Port and Shenhua Tianjin Coal Berth, which brings the Company tremendous synergy and advantage of low transportation cost. In 2009, the self-owned railway coal transportation turnover volume of China Shenhua amounted to 138.2 billion ton-kilometer, and the coal transportation volume through ports amounted to 159.2 million tons.
Moreover, China Shenhua has processed large-scale and efficiently-operated clean power business on a fast growing basis, which complements and develops coordinately with the Company's coal business. The Company's power plants are mainly located in the economically developed coastal areas with high power load or areas near to the Company's coal mines and coal transportation network. As of December 31, 2009, the Company has had 55 coal-fired power units, 3 gas-fired power units and 21 wind power units, with a total installed capacity reaching 23,520 MW, up by 25.1% on a year-on-year basis. The Company controlls and operates 13 coal-fired power plants, with a total installed capacity reaching 22,724 MW, up by 26.2% on a year-on-year basis, and with a stand-alone capacity of coal-fired power units reaching 413 MW. In 2009, China Shenhua’s total generation capacity amounted to 105.09 billion KW/h, up by 7.5% on a year-on-year basis.
In 2009, China Shenhua realized a full-year operating income of RMB121.372 billion. In accordance with the Accounting Standards for Business Enterprises, the Company's total assets amounts to RMB310.514 billion, the net assets attributable to shareholders of the Company amounts to RMB30.276 billion, and the earnings per share amounts to RMB1.522. In accordance with the International Financial Reporting Standards, the Company's total assets amounts to RMB 311.677 billion, profits attributable to the Company's shareholders in 2009 amount to RMB31.706 billion, and earnings per share amount to RMB1.594.
China Shenhua will wholeheartedly strive to make contributions to China's energy industry, create values for shareholders, fulfill its promises towards the society and employees, and become an integrated world-leading energy company with profits growing and a sense of responsibility.