China Shenhua Energy extends rail deals, reports Q3 revenue dip

China Shenhua Energy Company Limited has entered into a 2026-2028 continuing connected transactions framework agreement with Taiyuan Railway Bureau, acting on behalf of China Railway. This agreement covers transportation services, coal supply, and other products, effective from January 1, 2026, to December 31, 2028. This follows the 2023-2025 agreement, for which the annual cap for total revenue from the group to China Railway Group was increased from RMB7.4 bn to RMB15.0 bn in July 2025. The new annual caps are RMB120 m for revenue and RMB250 m for expenses for each of the years 2026-2028.

The company also released its unaudited third-quarter report for 2025. For the nine months ended September 30, 2025, revenue was RMB213,151 m, a decrease from RMB255,475 m in the same period of 2024. Profit for the period attributable to equity holders of the company was RMB41,366 m, down from RMB47,978 m in 2024. Basic earnings per share were RMB2.082, compared to RMB2.415 in 2024.

Total assets at September 30, 2025, were RMB646,427 m, a slight decrease from RMB671,639 m at December 31, 2024. The acquisition of 100% equity interest in Hangjin Energy was completed in February 2025, necessitating retrospective adjustments to comparative consolidated financial statements.