China Shenhua approves profit distribution, share issuance; posts Q3 profit decline

China Shenhua Energy Company Limited announced resolutions from its Second Extraordinary General Meeting of Shareholders for 2025, held on October 24, 2025. Key approvals included the 2025 interim profit distribution and general authorization for the board to issue new shares. The interim profit distribution resolution passed with 99.997861% of votes, and the share issuance authorization passed with 96.940363% of votes. Both resolutions received the required majority.

In a related development, the company's board of directors approved a three-year continuing connected transaction framework agreement with China National Railway Group Co., Ltd., extending from 2026 to 2028. This agreement covers mutual provision of transportation services, coal sales, and other products. The total annual transaction cap for 2026, 2027, and 2028 is set at RMB 120 million for sales by China Shenhua to China National Railway Group, and RMB 250 million for purchases by China Shenhua from China National Railway Group.

Additionally, China Shenhua's unaudited Third Quarterly Report for 2025 showed a net profit attributable to shareholders of RMB 39,052 million for the nine months ended September 30, 2025, a decrease from RMB 43,382 million in the same period of 2024. Operating income also decreased to RMB 213,151 million from RMB 255,475 million in the prior year, attributed to lower coal sales volumes and prices, as well as reduced power generation and sales prices.