China Shenhua Reports 3.6% Year-on-Year Decline in November Coal Sales

Written by Emily J. Thompson, Senior Investment Analyst

01088-1.64%

Source: aastocks

Updated: Dec 15 2025

0mins

Source: aastocks

Commercial Coal Production Decline: China Shenhua reported a 4.3% year-on-year decrease in commercial coal production, totaling 27 million tons in November 2025.
Coal Sales Decrease: The company's coal sales also fell by 3.6% year-on-year, amounting to 37 million tons in the same month.
Cumulative Production and Sales: For the first eleven months of 2025, cumulative commercial coal production and sales decreased by 1.4% and 7.7% year-on-year, reaching approximately 304 million tons and 390 million tons, respectively.
Short Selling Activity: The stock experienced short selling of $172.96 million, with a short selling ratio of 32.249%.

01088

$40.7+Infinity%1D

Analyst Views on 01088

Wall Street analysts forecast 01088 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01088 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Analyst Rating

0 Buy

0 Hold

0 Sell

Current: 41.380

Low

Averages

High

Current: 41.380

Low

Averages

High

Citi Research

Citi

maintain

$45.1

2025-12-23

Reason

Citi Research

Citi

Price Target

$45.1

AI Analysis

2025-12-23

maintain

Reason

The analyst rating for CHINA SHENHUA (01088.HK) is a "Buy" due to the belief that the recent asset acquisition plan will significantly enhance the company's operational performance. Citi Research noted that while the proposed acquisition valuation appears higher than the current valuation, domestic investors are likely to focus on the company's growth potential and dividend potential following the transaction. The target price set by the broker is $45.1.

CICC

Outperform

maintain

$45

2025-12-22

Reason

CICC

Price Target

$45

2025-12-22

maintain

Outperform

Reason

The analyst rating for CHINA SHENHUA (01088.HK) is based on several key factors outlined in the CICC research report: 1. Restructuring Plan: The company has announced a restructuring plan that maintains the equity of other acquisition targets while excluding the e-commerce company. This indicates a strategic focus on core assets. 2. Transaction Pricing: The total transaction price of RMB133.598 billion is structured with a 30% share and 70% cash payment ratio, with the issue price per share set at RMB29.4. This pricing is slightly below the market average P/B ratio of 1.68 times for A-share thermal coal, suggesting a reasonable valuation. 3. Scarcity of High-Quality Assets: CICC notes that high-quality coal assets are scarce domestically, and CHINA SHENHUA's acquisition represents a significant increase in resource volume at a reasonable price. 4. Operational Improvements: The broker is optimistic about the company's efforts to strengthen integration, reduce costs, and enhance efficiency, which are expected to lead to a re-rating of the stock. 5. Capital Management: CICC expects CHINA SHENHUA to effectively balance capital expenditure with high dividend commitments, indicating a strong financial management strategy. Based on these factors, CICC has maintained an Outperform rating for CHINA SHENHUA, with a target price of HKD45.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for 01088

Unlock Now

BOCI

Hold

maintain

2025-10-30

Reason

BOCI

Price Target

2025-10-30

maintain

Hold

Reason

The analyst rating for CHINA SHENHUA (01088.HK) was reiterated as a Hold by BOCI due to a 6% year-over-year decline in net profit for 3Q25, despite a 13% quarter-over-quarter increase, which brought the profit to RMB14.7 billion. The report highlighted that the strong performance of its power business contributed significantly to the quarter-over-quarter growth. Additionally, BOCI raised its target price from HKD39.48 to HKD42.5, reflecting a cautious optimism based on the company's performance.

BofA Securities

Neutral

maintain

$32 -> $38

2025-08-19

Reason

BofA Securities

Price Target

$32 -> $38

2025-08-19

maintain

Neutral

Reason

The analyst rating from BofA Securities is maintained at Neutral for the coal industry due to several factors: 1. Price Decline: The prices of thermal and coking coal have significantly declined by about 50% from 2022, indicating a challenging market environment. 2. Supply and Demand Dynamics: There is a slowdown in supply growth and reduced coal imports, which, combined with strong coal demand, is expected to support thermal coal prices. 3. Future Price Stabilization: The report suggests that prices are estimated to stabilize in the second half of 2025 through 2026, which influences the outlook for the industry. 4. Earnings Forecast Adjustments: While the broker raised earnings forecasts for specific companies like CHINA SHENHUA and YANKUANG ENERGY, the overall neutral rating reflects a cautious approach given the current market conditions. Overall, the neutral view indicates a balanced perspective on the coal industry's potential, considering both the challenges and the expected stabilization in prices.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.