China Shenhua addresses stock volatility, affirms stable operations

China Shenhua Energy (SSE:601088) has issued an announcement addressing recent A-share and H-share stock price volatility. The company affirms that production and operations remain stable despite weaker coal demand and price declines in the first quarter of 2025. China Shenhua anticipates 2025 commodity coal production to reach 3.348 billion tonnes, coal sales to 4.659 billion tonnes and electricity generation to 2,271 billion kilowatt-hours, all exceeding 2024 levels. The company also reiterated its commitment to shareholder returns, proposing a final dividend of CNY 2.26 per share for 2024, representing 76.5% of net profit attributable to shareholders and a dividend payout ratio hike. Furthermore, a new shareholder return plan for 2025-2027 suggests raising the minimum cash dividend ratio to 65% annually. China Shenhua also noted that its parent company, National Energy Investment Group, increased its stake in China Shenhua and has no plans to reduce its holdings. Finally, the company highlighted the earlier acquisition of National Energy Group Hangjin Energy for CNY 85,264.95.