China Shenhua’s October Metrics: Coal Output Climbs 10%, Monthly Power Generation Slips 6%, YTD Oil Product Sales Up 187%

Bulletin Express
11/13

China Shenhua released its major operational data for October 2026, restated to include businesses acquired from its parent in April 2026. The figures show a mixed performance across coal, transportation, power and coal-chemical segments.

Coal • Commercial coal production reached 45.30 million tonnes in October, up 10.20% year on year, driven by optimized production scheduling and a low comparison base. • January–October coal output stood at 427.20 million tonnes, 1.10% below the prior-year period. • Coal sales rose 2.10% in October to 52.60 million tonnes; year-to-date (YTD) sales edged up 0.30% to 513.20 million tonnes.

Transportation and Logistics • Self-owned railway turnover increased 4.60% in October to 27.20 billion tonne-kilometres, lifting YTD growth to 3.70%. • Huanghua Port handled 18.00 million tonnes in October, down 1.60% year on year, while Tianjin Coal Dock throughput slipped 2.90% to 3.40 million tonnes. • Shipping volume fell 8.10% to 22.80 million tonnes, and shipment turnover softened 3.50% to 21.90 billion tonne-nautical miles; both indicators remained lower on a YTD basis (-3.90% and ‑2.30% respectively).

Power Generation • Gross power generation declined 5.60% in October to 22.15 billion kWh, mirroring a 5.60% drop in dispatched power output to 20.75 billion kWh. • Despite the monthly dip, cumulative power generation and dispatch for the first ten months rose 1.50% and 1.40% respectively, reaching 239.67 billion kWh and 224.43 billion kWh.

Coal-Chemical Operations • Polyolefin sales slipped 9.40% year on year in October to 0.15 million tonnes, though YTD volumes improved 4.40% to 1.79 million tonnes. • Oil product sales expanded 6.60% in October to 0.10 million tonnes; process upgrades in 2025 provide a low base, propelling a 187.02% YTD surge to 0.92 million tonnes. • Methanol sales grew 3.10% in October and 12.10% YTD, reaching 0.07 million and 0.62 million tonnes, respectively, supported by optimized production processes. • Ethylene glycol sales advanced 7.10% in October to 0.02 million tonnes, driving a 50.60% YTD increase to 0.25 million tonnes following capacity enhancements and reduced maintenance downtime.

Management noted that production gains stemmed from operational optimization, while the pronounced growth in oil product, methanol and ethylene glycol sales reflects both process improvements and the rebound from last year’s maintenance-related low base.

The company cautioned that monthly operating data can fluctuate due to weather, maintenance schedules, seasonal patterns, and safety inspections. The disclosed figures are internal statistics and may differ from numbers in forthcoming periodic reports.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10