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Daiwa: China Shenhua Energy's coal production in 2024 is expected to increase by 0.8% year-on-year, rating 'outperform the market'.
Daiwa has published a Research Report stating that China Shenhua Energy (01088) is rated as "outperforming the market." The bank believes that, although China Shenhua Energy previously announced coal sales of 30.2 million tons in January, a year-on-year decrease of 21.6%, and coal production of 24.9 million tons, a year-on-year decrease of 8.5%, with electricity sales of 15.6 billion kilowatt-hours in January, a year-on-year decrease of 26.5%, the company expects stable year-on-year sales across its Business segments by 2025. Daiwa also stated that, although the company's management anticipates a 2% reduction in coal production for 2024, coal production in 2024 is expected to increase by 0.8% year-on-year. The bank mentioned that the production target is critical for the market.
Daiwa: China Shenhua Energy (01088) coal production in 2024 is expected to increase by 0.8% year-on-year with a rating of "outperforming the market."
The company expects that the sales of each Business department will remain stable year-on-year in 2025.
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