China Shenhua Energy Company Limited (601088.SH) received approval from the Shanghai Stock Exchange on February 5, 2026, for its massive asset restructuring plan valued at 133.598 billion yuan. The plan involves the acquisition of equity in 12 target companies from the National Energy Group. The proposal was submitted for registration on February 6, marking the first restructuring project to undergo a simplified review process. According to the transaction draft, following the restructuring, the company's coal reserves will increase to 68.49 billion tons (a 64.72% rise), recoverable coal reserves will grow to 34.5 billion tons (a 97.71% increase), and coal production capacity will expand to 512 million tons (a 56.57% boost). Total assets are projected to reach 876.299 billion yuan. China International Capital Corporation (CICC) noted that this integration is expected to strengthen the company's coal-power integration advantages, though attention should be paid to potential profit pressures from declining coal prices.

In terms of recent stock performance, as of February 11, 2026, China Shenhua's A-share closing price was 42.86 yuan, with a daily increase of 0.89% and a five-day gain of 1.04%. However, the stock has risen 4.28% compared to the 60-day moving average of 41.10 yuan but has not yet broken through the 20-day moving average resistance level of 42.82 yuan. Technical indicators show the current price is near the upper Bollinger Band at 43.02 yuan, with the KDJ indicator's K-value at 85.26, indicating an overbought zone and suggesting short-term adjustment pressure.

Looking ahead, the approval of the restructuring plan, by enhancing resource scale and supply chain synergies, may provide fundamental support for long-term valuation. However, breaking through the 60-day high in the short term will depend on subsequent registration progress, capital flows, and changes in industry conditions. It is important to note that the current stock price has already partially reflected restructuring expectations, and the coal sector as a whole faces downward price pressures. The above information is based on publicly available data and does not constitute investment advice.