On March 27, China Shenhua released its 2020 annual report. During the
reporting period, the company achieved operating revenue of 233.263
billion yuan, with a year-on-year decrease of 3.6 percent. The net
profit attributable to the shareholders of the company was 39.17 billion
yuan, a year-on-year decrease of 9.4 percent.
During the reporting period, the net cash flow from operating activities
was 81.289 billion yuan, and the net assets attributable to the
shareholders of the company were 360.189 billion yuan by the end of
2020.
During the reporting period, the company achieved an operating revenue
of 233.263 billion yuan, with a year-on-year decrease of 3.6 percent.
The main reasons for the decline of business income:
The group’s average coal sales price decreased by 3.8 percent year on
year, resulting in a year-on-year decrease in coal sales revenue.
The change of the consolidated scope of the company's financial
statements and the year-on-year decrease of electricity sales and
average price lead to the year-on-year decrease of electricity sales
income. In January 2019, the operating income included the income
generated by the power assets invested in the transaction of NCPE, which
would no longer be included in the consolidated scope of the company's
financial statements since February 2019. Excluding the influence of the
preceding factors, the group could be divided into two groups according
to the comparable caliber in 2020, the electricity sales decreased by
2.6 percent and the average price of electricity sales decreased by 1.2
percent. |
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |