China Shenhua Energy 2023 earning expect to fall on year
Asia Viewpoint: by Ma Dongwei On Jan 30, China Shenhua Energy (CSEC) estimated in its preliminary performance report for year 2023 that net profits were in the range of Yuan 57.8 to 60.8 billion, a fall of Yuan 8.8 to 11.8 from the previous year or 12.6 to 16.9%. The decline in profits was attributed to a drop in the average selling price of coal, an increase in rail maintenance costs and other costs, and a rise in tax expenses. CSEC was established in November 2004 and is a listed company under the CHN Energy Investment Group. The company痴 main businesses include coal, power production and sales, rail transportation, marine transportation and olefins derived from coal.
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