PerpEquities

China Shenhua Energy Company Limited (A shares) (SHENHUA) financials

SHH · Energy · Coal · 91,392 employees · CEO Chang Yan Zhang

Price
CN¥51.99 +0.72%
Market cap
CN¥952B
Enterprise value
CN¥984B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-03-19 EPS est. CN¥0.81
Revenue (TTM)CN¥378B+26.9% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)22.8%-6.3 pp vs a year agoOperating income CN¥86.3B
Net income (TTM)CN¥58.2B+8.0% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥36.1B+23.3% vs a year agoCapex CN¥65.1B
Diluted EPS (TTM)CN¥2.77+7.4% vs a year agoSum of the last 4 quarters
Net cash-CN¥31.8B-144.4% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
CN¥952B
EV CN¥984B
Revenue
CN¥378B
Trailing 12 months
Revenue growth
+32%
FY2026 consensus
Profit margin
15.4%
Net income / revenue, TTM
P/E
18.8×
Forward 18.1× (FY2026)
P/S
2.5×
Price / sales, TTM
EV / EBITDA
9.2×
TTM
Free cash flow
CN¥36.1B
Trailing 12 months
Net income
CN¥58.2B
Trailing 12 months
Revenue estimate
CN¥391B
FY2026 consensus
Earnings
2027-03-19
Revenue est. CN¥105B
Dividend
CN¥2.01
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-23): revenue beat by 4.4%, EPS beat by 2.1%Revenue CN¥106B vs CN¥102B expected (+4.4%); EPS CN¥0.73 vs CN¥0.72 (+2.1%).
  • Revenue growth accelerating: 42.2% year on yearQ3 '26 revenue CN¥107B, against an average of 14.7% over the four quarters before.
  • Operating margin 22.8% (TTM), -6.3 pp on a year agoOperating income grew -0.6% while revenue grew 26.9%.
  • Capex 17.2% of revenue (a year ago 15.4%)CN¥65.1B invested in the last 4 quarters (+42.1% on a year earlier). Free cash flow CN¥36.1B = 62.1% of net income.
  • Returned CN¥44.2B to shareholders = 122.4% of free cash flowBuybacks CN¥0 (a year earlier CN¥0), dividends CN¥44.2B, stock-based pay CN¥0 (TTM). More than the free cash flow: paid from cash or debt.
  • Diluted share count up 9.2% in a year21.7B diluted shares in Q3 '26, 19.9B a year earlier.
  • Net debt CN¥31.8BCash + short-term investments CN¥133B, debt incl. leases CN¥165B; a year ago net cash CN¥71.7B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥107BCN¥75B+42.2%
Gross margin34.1%21.2%+12.9 pp
Operating incomeCN¥24.4BCN¥12.9B+89.8%
Operating margin22.9%17.2%+5.7 pp
Net incomeCN¥15.7BCN¥14.7B+7.0%
Diluted EPSCN¥0.72CN¥0.74-2.7%
Operating cash flowCN¥38BCN¥19.5B+95.5%
CapexCN¥17.6BCN¥4.47B+293.4%
Free cash flowCN¥20.4BCN¥15B+36.4%
R&DCN¥823MCN¥613M+34.3%
Stock-based compensationCN¥0CN¥0–

Reported vs consensus

2026-10-23
ActualConsensusvs consensus
RevenueCN¥106BCN¥102B+4.4%
EPS (as estimated)CN¥0.73CN¥0.72+2.1%

From the report of 2026-10-23 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥101B
Capex
-CN¥65.1B
Buybacks
CN¥0
Dividends
-CN¥44.2B
Acquisitions
CN¥572M
Net debt issued
CN¥54.3B
Stock-based compensation
CN¥0
Free cash flow
CN¥36.1B
Returned to shareholders / FCF
122.4%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)18.8×11.1×7.9× – 15.2×
EV / EBITDA9.2×5.1×3.5× – 7.0×
EV / Sales2.6×1.7×1.1× – 2.5×
Price / FCF26.3×14.0×6.3× – 30.2×
Price / Book2.5×1.6×1.2× – 2.0×
FCF yield3.8%9.9%3.3% – 15.9%
Return on invested capital8.9%14.6%10.6% – 17.3%
Return on equity13.0%14.9%12.9% – 17.7%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥391B+32.4%CN¥2.86+7.7%18.1×6
FY2027CN¥399B+2.3%CN¥2.89+1.0%18.0×6
FY2028CN¥406B+1.6%CN¥3.00+3.5%17.4×3

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01