CHINA SHENHUA (01088) declined over 3% in afternoon trading, with shares down 2.92% to HK$40.52 at the time of writing, recording a turnover of HK$338 million. The company recently reported financial results, showing revenue of RMB213.151 billion for the first three quarters, a year-on-year decrease of 16.6%, and net profit attributable to shareholders of RMB41.366 billion, down 13.8% YoY.

In the third quarter alone, revenue stood at RMB75.042 billion, down 13.1% YoY but up 9.5% quarter-on-quarter (QoQ). Net profit attributable to shareholders reached RMB14.411 billion, declining 6.2% YoY but rising 13.5% QoQ.

BOC International noted that CHINA SHENHUA's Q3 net profit under IFRS fell 6% YoY to RMB14.7 billion but grew 13% QoQ. The strong performance of its power generation business was a key driver of sequential growth. The brokerage expects flat QoQ earnings in Q4 2025, as rising costs and unfavorable changes in coal sales structure may offset benefits from higher coal prices.