China Shenhua Energy Company Limited (A shares) (SHENHUA) cash flow statement

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

In Q3 '26 China Shenhua Energy Company Limited (A shares) (SHENHUA) generated CN¥38B of operating cash flow, invested CN¥17.6B in capital expenditure and kept CN¥20.4B of free cash flow. Over the last four quarters free cash flow was CN¥36.1B.

Cash flow

Cash flow	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Operating
Net income	CN¥12.1B	CN¥17.3B	CN¥15B	CN¥17.8B	CN¥11.9B	CN¥14.7B	CN¥12B	CN¥14.7B	CN¥12.9B	CN¥11.9B	CN¥18B	CN¥0
Depreciation & amortization	CN¥5.97B	CN¥5.73B	CN¥5.62B	CN¥5.91B	CN¥5.91B	CN¥6.05B	CN¥8.24B	CN¥5.97B	CN¥5.97B	CN¥0	CN¥8.7B	CN¥0
Change in working capital	-CN¥10.7B	CN¥0	CN¥12B	-CN¥12B	CN¥2.73B	CN¥0	CN¥7.33B	-CN¥7.33B	-CN¥11.9B	CN¥0	CN¥0	CN¥0
Other non-cash items	CN¥7.57B	CN¥4.68B	-CN¥8.53B	CN¥19.1B	-CN¥10.7B	-CN¥170M	-CN¥2.36B	CN¥6.15B	CN¥2.87B	CN¥5.48B	CN¥9.24B	CN¥38B
Operating cash flow	CN¥15B	CN¥27.7B	CN¥24.1B	CN¥30.8B	CN¥9.84B	CN¥20.5B	CN¥25.3B	CN¥19.5B	CN¥9.81B	CN¥17.4B	CN¥36B	CN¥38B
Investing
Capital expenditure	-CN¥10.6B	-CN¥10.9B	-CN¥3.37B	-CN¥6.7B	-CN¥15.3B	-CN¥11.6B	-CN¥14.5B	-CN¥4.47B	-CN¥17.9B	-CN¥9.58B	-CN¥20B	-CN¥17.6B
Acquisitions	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥27M	CN¥0	CN¥0	-CN¥90.9B	CN¥91.5B	CN¥0
Purchases of investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥22.4B	CN¥0	-CN¥1.17B	-CN¥2.6B	-CN¥28.5B	-CN¥39M
Sales / maturities of investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥24.1B	CN¥0	CN¥1.14B	CN¥855M	CN¥20.2B	CN¥8.03B
Other investing	CN¥2.08B	-CN¥14.2B	-CN¥15.5B	-CN¥1.38B	-CN¥18.1B	CN¥10.3B	-CN¥5.52B	CN¥15.2B	CN¥5B	-CN¥75M	CN¥405M	CN¥10.7B
Investing cash flow	-CN¥8.49B	-CN¥25.1B	-CN¥18.9B	-CN¥8.08B	-CN¥33.4B	-CN¥1.27B	-CN¥18.3B	CN¥10.7B	-CN¥12.9B	-CN¥102B	CN¥63.6B	CN¥1.14B
Financing
Net debt issued / repaid	-CN¥1.36B	CN¥599M	-CN¥319M	-CN¥561M	CN¥512M	-CN¥6.36B	-CN¥6.63B	-CN¥1.37B	CN¥1.02B	CN¥87.5B	-CN¥32B	-CN¥2.19B
Dividends	-CN¥699M	-CN¥487M	-CN¥623M	-CN¥44.9B	-CN¥509M	-CN¥477M	-CN¥481M	-CN¥44.9B	-CN¥20.3B	-CN¥380M	CN¥0	-CN¥23.6B
Other financing (incl. tax on vested shares)	-CN¥763M	-CN¥412M	-CN¥1.29B	-CN¥1.28B	-CN¥1.13B	-CN¥81M	CN¥1.2B	-CN¥15.5B	-CN¥2.3B	CN¥19.5B	-CN¥89.7B	-CN¥5.18B
Financing cash flow	-CN¥2.82B	-CN¥300M	-CN¥2.23B	-CN¥46.7B	-CN¥1.13B	-CN¥6.92B	-CN¥5.91B	-CN¥61.8B	-CN¥21.6B	CN¥107B	-CN¥122B	-CN¥30.9B
Summary
FX effect on cash	-CN¥91M	CN¥7M	CN¥27M	-CN¥98M	CN¥148M	-CN¥19M	-CN¥13M	-CN¥49M	-CN¥67M	-CN¥143M	-CN¥26.6B	-CN¥173M
Net change in cash	CN¥3.56B	CN¥2.33B	CN¥3.06B	-CN¥24.1B	-CN¥24.6B	CN¥12.3B	CN¥1.04B	-CN¥31.7B	-CN¥24.8B	CN¥21.4B	-CN¥48.7B	CN¥8.08B
Free cash flow (OCF - capex)	CN¥4.39B	CN¥16.8B	CN¥20.7B	CN¥24.1B	-CN¥5.44B	CN¥8.98B	CN¥10.8B	CN¥15B	-CN¥8.08B	CN¥7.78B	CN¥16B	CN¥20.4B
Interest paid	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥452M	CN¥0	CN¥0	CN¥0	CN¥0

Cash flow	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Operating
Net income	CN¥24.9B	CN¥47.8B	CN¥44.1B	CN¥41.7B	CN¥35.8B	CN¥51.4B	CN¥69.6B	CN¥64.6B	CN¥62.4B	CN¥62.8B
Depreciation & amortization	CN¥22.9B	CN¥24.6B	CN¥23.6B	CN¥19.6B	CN¥18.9B	CN¥19.6B	CN¥21.6B	CN¥22.1B	CN¥22.3B	CN¥23.7B
Change in working capital	CN¥13.9B	CN¥7.77B	CN¥6.71B	-CN¥7.42B	CN¥9.23B	CN¥1.53B	CN¥252M	-CN¥10.7B	CN¥2.73B	-CN¥10.6B
Other non-cash items	CN¥20.2B	CN¥15B	CN¥13.8B	CN¥9.27B	CN¥17.3B	CN¥21.8B	CN¥18.2B	CN¥13.7B	CN¥5.9B	-CN¥857M
Operating cash flow	CN¥81.9B	CN¥95.2B	CN¥88.2B	CN¥63.1B	CN¥81.3B	CN¥94.4B	CN¥110B	CN¥89.7B	CN¥93.3B	CN¥75.1B
Investing
Capital expenditure	-CN¥28.3B	-CN¥19.6B	-CN¥19.4B	-CN¥18.1B	-CN¥20B	-CN¥23B	-CN¥28.7B	-CN¥36.1B	-CN¥36.1B	-CN¥48.4B
Acquisitions	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥786M	CN¥614M	CN¥0	CN¥0	CN¥0	CN¥0
Purchases of investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥32.4B
Sales / maturities of investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥52.8B
Other investing	-CN¥36.4B	CN¥33B	-CN¥33.7B	-CN¥28.2B	CN¥52.9B	CN¥15.8B	-CN¥27.9B	-CN¥871M	-CN¥49.2B	CN¥6.16B
Investing cash flow	-CN¥64.7B	CN¥13.4B	-CN¥53.1B	-CN¥46.3B	CN¥32B	-CN¥6.62B	-CN¥56.6B	-CN¥37B	-CN¥85.4B	-CN¥21.8B
Financing
Net debt issued / repaid	-CN¥1.89B	-CN¥9.84B	-CN¥12.4B	-CN¥11.8B	-CN¥7.39B	CN¥176M	-CN¥8.85B	-CN¥17.5B	-CN¥1.21B	-CN¥13.2B
Dividends	-CN¥6.37B	-CN¥9.15B	-CN¥18.1B	-CN¥17.5B	-CN¥27.6B	-CN¥36B	-CN¥53.4B	-CN¥50.7B	-CN¥44.9B	-CN¥66.6B
Other financing (incl. tax on vested shares)	-CN¥11.3B	-CN¥9.87B	-CN¥14.6B	-CN¥7.89B	-CN¥7.1B	-CN¥7.95B	-CN¥16.5B	-CN¥7.96B	-CN¥5.06B	-CN¥16.4B
Financing cash flow	-CN¥18.5B	-CN¥77.6B	-CN¥44.7B	-CN¥37.2B	-CN¥42.1B	-CN¥43.7B	-CN¥78.7B	-CN¥76.1B	-CN¥51.2B	-CN¥96.2B
Summary
FX effect on cash	CN¥126M	-CN¥210M	CN¥49M	CN¥337M	-CN¥131M	-CN¥174M	CN¥337M	CN¥134M	CN¥84M	-CN¥148M
Net change in cash	-CN¥1.14B	CN¥30.7B	-CN¥10B	-CN¥20B	CN¥71.1B	CN¥43.8B	-CN¥25.2B	-CN¥23.3B	-CN¥43.1B	-CN¥43.1B
Free cash flow (OCF - capex)	CN¥53.6B	CN¥75.6B	CN¥68.9B	CN¥45B	CN¥61.3B	CN¥71.3B	CN¥81.1B	CN¥53.6B	CN¥57.2B	CN¥26.7B

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.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Share count and EPS

quarterly, diluted

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen

Sources

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

Data as of 2026-11-01