China Shenhua Energy Company Limited (A shares) (SHENHUA) balance sheet

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

At the end of Q3 '26 China Shenhua Energy Company Limited (A shares) (SHENHUA) held CN¥133B in cash and short-term investments against CN¥165B of debt incl. leases. Total assets CN¥915B, total liabilities CN¥374B, shareholders' equity CN¥445B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥108B	CN¥111B	CN¥114B	CN¥89.6B	CN¥142B	CN¥155B	CN¥162B	CN¥48.1B	CN¥96.8B	CN¥119B	CN¥69.9B	CN¥133B
Short-term investments	CN¥34.5B	CN¥47.4B	CN¥62.7B	CN¥64.5B	CN¥17.3B	CN¥7.71B	CN¥7.1B	CN¥59.1B	CN¥0	CN¥0	CN¥72.4B	CN¥0
Receivables	CN¥20.1B	CN¥20.3B	CN¥19.2B	CN¥18.3B	CN¥16.7B	CN¥18.3B	CN¥19.7B	CN¥17.9B	CN¥23.2B	CN¥22.3B	CN¥38.9B	CN¥35.3B
Inventory	CN¥12.8B	CN¥13.5B	CN¥13.9B	CN¥11.4B	CN¥12.5B	CN¥12.3B	CN¥13.2B	CN¥13.7B	CN¥11.9B	CN¥10.8B	CN¥17.8B	CN¥17.8B
Other current assets	CN¥17.1B	CN¥9.45B	CN¥19.3B	CN¥11B	CN¥9.89B	CN¥7.97B	CN¥7.9B	CN¥17.3B	CN¥8.59B	CN¥8.06B	CN¥163M	CN¥8.54B
Current assets	CN¥199B	CN¥218B	CN¥236B	CN¥211B	CN¥205B	CN¥209B	CN¥215B	CN¥175B	CN¥147B	CN¥168B	CN¥211B	CN¥207B
Property, plant & equipment (net)	CN¥314B	CN¥277B	CN¥313B	CN¥278B	CN¥323B	CN¥291B	CN¥295B	CN¥362B	CN¥307B	CN¥306B	CN¥450B	CN¥422B
Long-term investments	CN¥58.1B	CN¥59.4B	CN¥60.5B	CN¥61.1B	CN¥62.8B	CN¥63.9B	CN¥80.6B	CN¥64.2B	CN¥65.3B	CN¥65.5B	CN¥106B	CN¥89.7B
Goodwill	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥5.25B	CN¥0
Intangible assets	CN¥27.1B	CN¥65B	CN¥27.3B	CN¥64.1B	CN¥28.1B	CN¥67.1B	CN¥67B	CN¥5.78B	CN¥69.9B	CN¥69.5B	CN¥130B	CN¥129B
Deferred tax assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥6.7B	CN¥6.93B	CN¥9.33B	CN¥8.57B
Other non-current assets	CN¥32.3B	CN¥33.6B	CN¥34.9B	CN¥34.4B	CN¥38.9B	CN¥41.3B	CN¥24.8B	CN¥38.9B	CN¥31.9B	CN¥167B	CN¥11.2B	CN¥59.6B
Non-current assets	CN¥431B	CN¥435B	CN¥436B	CN¥438B	CN¥453B	CN¥464B	CN¥467B	CN¥471B	CN¥481B	CN¥616B	CN¥711B	CN¥708B
Total assets	CN¥631B	CN¥653B	CN¥673B	CN¥649B	CN¥658B	CN¥672B	CN¥683B	CN¥646B	CN¥628B	CN¥783B	CN¥922B	CN¥915B
Liabilities
Accounts payable	CN¥38.9B	CN¥32.1B	CN¥32.1B	CN¥34.2B	CN¥38.2B	CN¥30.7B	CN¥31.8B	CN¥33.7B	CN¥41.5B	CN¥34.4B	CN¥52.2B	CN¥53.9B
Accrued expenses	CN¥23.7B	CN¥37.5B	CN¥38.8B	CN¥40.5B	CN¥0	CN¥13.1B	CN¥0	CN¥44.2B	CN¥0	CN¥11B	CN¥13.9B	CN¥17.8B
Short-term debt	CN¥4.62B	CN¥4.14B	CN¥7.82B	CN¥7.57B	CN¥1.04B	CN¥17.1B	CN¥593M	CN¥4.33B	CN¥409M	CN¥95.4B	CN¥93.8B	CN¥87.9B
Taxes payable	CN¥4.76B	CN¥8.37B	CN¥2.29B	CN¥7.04B	CN¥8.97B	CN¥8.4B	CN¥6.58B	CN¥0	CN¥9.15B	CN¥6.7B	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.98B	CN¥0	CN¥0	CN¥0	CN¥4.8B	CN¥8.56B	CN¥11.9B
Other current liabilities	CN¥24.1B	CN¥18.9B	CN¥62.4B	CN¥13.4B	CN¥20.1B	CN¥22.9B	CN¥16.7B	CN¥15B	CN¥17B	CN¥17.1B	CN¥70.3B	CN¥62.5B
Current liabilities	CN¥91.6B	CN¥93B	CN¥141B	CN¥95.9B	CN¥92.6B	CN¥96.2B	CN¥150B	CN¥97.5B	CN¥89.3B	CN¥169B	CN¥242B	CN¥245B
Long-term debt	CN¥32.6B	CN¥29.8B	CN¥28.8B	CN¥28.3B	CN¥28.9B	CN¥32.5B	CN¥32.4B	CN¥29.8B	CN¥28.3B	CN¥29.7B	CN¥74.9B	CN¥76B
Lease obligations (non-current)	CN¥1.33B	CN¥1.35B	CN¥1.11B	CN¥997M	CN¥1.03B	CN¥1.12B	CN¥995M	CN¥979M	CN¥971M	CN¥996M	CN¥1.03B	CN¥1.09B
Deferred tax liabilities	CN¥1.14B	CN¥1.22B	CN¥1.22B	CN¥1.2B	CN¥1.35B	CN¥1.38B	CN¥1.42B	CN¥0	CN¥1.76B	CN¥1.76B	CN¥8.67B	CN¥7.81B
Other non-current liabilities	CN¥25.1B	CN¥28.6B	CN¥27.8B	CN¥30.1B	CN¥30.2B	CN¥28.2B	CN¥27.1B	CN¥28.4B	CN¥26B	CN¥25.7B	CN¥44.9B	CN¥44.2B
Non-current liabilities	CN¥60.2B	CN¥61B	CN¥58.9B	CN¥60.6B	CN¥61.5B	CN¥63.2B	CN¥61.9B	CN¥59.1B	CN¥57B	CN¥58.1B	CN¥129B	CN¥129B
Total liabilities	CN¥152B	CN¥154B	CN¥201B	CN¥156B	CN¥154B	CN¥159B	CN¥212B	CN¥157B	CN¥146B	CN¥227B	CN¥372B	CN¥374B
Equity
Common stock & paid-in capital	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥21.7B	CN¥21.7B	CN¥21.7B
Retained earnings	CN¥288B	CN¥304B	CN¥273B	CN¥290B	CN¥302B	CN¥294B	CN¥261B	CN¥0	CN¥270B	CN¥281B	CN¥226B	CN¥219B
Accumulated other comprehensive income	CN¥32.6B	CN¥102B	CN¥36.5B	CN¥0	CN¥0	CN¥120B	CN¥53.6B	CN¥399B	CN¥0	CN¥0	CN¥62.8B	CN¥203B
Shareholders' equity	CN¥409B	CN¥426B	CN¥397B	CN¥415B	CN¥427B	CN¥433B	CN¥402B	CN¥419B	CN¥409B	CN¥481B	CN¥451B	CN¥445B
Debt
Total debt (incl. leases)	CN¥38.9B	CN¥35.5B	CN¥38B	CN¥37.1B	CN¥31B	CN¥50.6B	CN¥34B	CN¥35.4B	CN¥29.6B	CN¥126B	CN¥170B	CN¥165B
Net debt (debt - cash)	-CN¥69.3B	-CN¥75.1B	-CN¥75.7B	-CN¥52.5B	-CN¥111B	-CN¥105B	-CN¥128B	-CN¥12.7B	-CN¥67.1B	CN¥7.48B	CN¥99.9B	CN¥31.8B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥41.2B	CN¥71.9B	CN¥61.9B	CN¥41.8B	CN¥113B	CN¥157B	CN¥171B	CN¥108B	CN¥142B	CN¥96.8B
Short-term investments	CN¥36.8B	CN¥1.87B	CN¥1.74B	CN¥30.7B	CN¥11.2B	CN¥2.08B	CN¥90M	CN¥34.5B	CN¥17.3B	CN¥0
Receivables	CN¥20.6B	CN¥19.5B	CN¥13.1B	CN¥10.4B	CN¥11.8B	CN¥13.6B	CN¥12.6B	CN¥20.1B	CN¥16.7B	CN¥23.2B
Inventory	CN¥13.3B	CN¥11.6B	CN¥9.97B	CN¥12.1B	CN¥12.8B	CN¥12.6B	CN¥12.1B	CN¥12.8B	CN¥12.5B	CN¥11.9B
Other current assets	CN¥14.5B	CN¥19.6B	CN¥107B	CN¥27.1B	CN¥18.7B	CN¥14.9B	CN¥15.8B	CN¥17.1B	CN¥9.89B	CN¥8.59B
Current assets	CN¥133B	CN¥133B	CN¥233B	CN¥160B	CN¥172B	CN¥208B	CN¥211B	CN¥199B	CN¥205B	CN¥147B
Property, plant & equipment (net)	CN¥352B	CN¥348B	CN¥275B	CN¥261B	CN¥274B	CN¥291B	CN¥298B	CN¥314B	CN¥323B	CN¥307B
Long-term investments	CN¥6.94B	CN¥10.4B	CN¥10.9B	CN¥47.3B	CN¥51.4B	CN¥49.9B	CN¥52B	CN¥58.1B	CN¥62.8B	CN¥65.3B
Intangible assets	CN¥38.5B	CN¥38.3B	CN¥36.5B	CN¥37.1B	CN¥21.6B	CN¥25.2B	CN¥26.4B	CN¥27.1B	CN¥28.1B	CN¥69.9B
Deferred tax assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥6.7B
Other non-current assets	CN¥57.1B	CN¥54.2B	CN¥48.7B	CN¥51.7B	CN¥38.5B	CN¥31.5B	CN¥33.9B	CN¥32.3B	CN¥38.9B	CN¥31.9B
Non-current assets	CN¥438B	CN¥434B	CN¥354B	CN¥398B	CN¥386B	CN¥399B	CN¥411B	CN¥431B	CN¥453B	CN¥481B
Total assets	CN¥572B	CN¥567B	CN¥587B	CN¥558B	CN¥558B	CN¥607B	CN¥622B	CN¥631B	CN¥658B	CN¥628B
Liabilities
Accounts payable	CN¥35.2B	CN¥33.9B	CN¥26.9B	CN¥25B	CN¥29B	CN¥35.2B	CN¥24.1B	CN¥38.9B	CN¥38.2B	CN¥41.5B
Accrued expenses	CN¥19B	CN¥21B	CN¥20B	CN¥18.6B	CN¥16.9B	CN¥27.3B	CN¥16.4B	CN¥23.7B	CN¥0	CN¥0
Short-term debt	CN¥31.8B	CN¥24B	CN¥5.77B	CN¥7.66B	CN¥8.85B	CN¥9.92B	CN¥12.6B	CN¥4.62B	CN¥1.04B	CN¥409M
Taxes payable	CN¥10.4B	CN¥13B	CN¥9.87B	CN¥7.84B	CN¥10.5B	CN¥19.6B	CN¥12.7B	CN¥4.76B	CN¥8.97B	CN¥9.15B
Other current liabilities	CN¥26.2B	CN¥37B	CN¥70.7B	CN¥44B	CN¥14.5B	CN¥19.1B	CN¥45B	CN¥24.1B	CN¥20.1B	CN¥17B
Current liabilities	CN¥112B	CN¥116B	CN¥123B	CN¥95.5B	CN¥69.5B	CN¥91.7B	CN¥98.4B	CN¥91.6B	CN¥92.6B	CN¥89.3B
Long-term debt	CN¥73.8B	CN¥70.8B	CN¥53.6B	CN¥40.4B	CN¥53.5B	CN¥52.4B	CN¥41.9B	CN¥32.6B	CN¥28.9B	CN¥28.3B
Lease obligations (non-current)	CN¥0	-CN¥2.24B	CN¥765M	CN¥623M	CN¥606M	CN¥1.51B	CN¥1.45B	CN¥1.33B	CN¥1.03B	CN¥971M
Deferred tax liabilities	CN¥797M	CN¥749M	CN¥537M	CN¥783M	CN¥896M	CN¥974M	CN¥1.1B	CN¥1.14B	CN¥1.35B	CN¥1.76B
Other non-current liabilities	CN¥3.67B	CN¥5.04B	CN¥5.28B	CN¥5.57B	CN¥8.83B	CN¥14.8B	CN¥19.6B	CN¥25.1B	CN¥30.2B	CN¥26B
Non-current liabilities	CN¥79.6B	CN¥76.6B	CN¥59.4B	CN¥47.4B	CN¥63.8B	CN¥69.6B	CN¥64.1B	CN¥60.2B	CN¥61.5B	CN¥57B
Total liabilities	CN¥192B	CN¥192B	CN¥183B	CN¥143B	CN¥133B	CN¥161B	CN¥162B	CN¥152B	CN¥154B	CN¥146B
Equity
Common stock & paid-in capital	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B	CN¥19.9B
Retained earnings	CN¥197B	CN¥182B	CN¥207B	CN¥233B	CN¥246B	CN¥260B	CN¥279B	CN¥288B	CN¥302B	CN¥270B
Accumulated other comprehensive income	CN¥21B	CN¥24.5B	CN¥26B	CN¥24.7B	CN¥19.6B	CN¥22.2B	CN¥26.8B	CN¥0	CN¥37B	CN¥0
Shareholders' equity	CN¥312B	CN¥301B	CN¥328B	CN¥352B	CN¥360B	CN¥377B	CN¥394B	CN¥409B	CN¥427B	CN¥409B
Debt
Total debt (incl. leases)	CN¥106B	CN¥94.9B	CN¥59.4B	CN¥48.9B	CN¥63.2B	CN¥64B	CN¥56.3B	CN¥38.9B	CN¥31B	CN¥29.6B
Net debt (debt - cash)	CN¥64.4B	CN¥23B	-CN¥2.5B	CN¥7.06B	-CN¥49.7B	-CN¥92.7B	-CN¥114B	-CN¥69.3B	-CN¥111B	-CN¥67.1B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash 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