China Shenhua Energy Company Limited (HKEX:1088) Annual Report 2021



The latest annual report of China Shenhua Energy Company Limited (1088) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 1088 Annual Results

Amounts in CNY

Total Revenue
335.22B
Gross Profit
112.29B
EBIT
83.18B
Net Tangible Assets
375.19B
Net Income
51.61B
Capital Expenditures
-23.24B

1088 Income Statement 2021 Annual Report

As per the latest Income Statement of 1088, the Net revenue increased by ¥101.953B (44%) compared to the previous period. The operating income in 2021 increased by ¥24.339B (41%). The net income as per the annual report was 51.61B which increased by ¥15.758B (44%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue335.22B233.26B
Gross Profit112.29B81.72B
Operating Income83.18B58.84B
Income Before Tax79.17B59.36B
Net Income51.61B35.85B

Balance Sheet - 1088 2021 Annual Report

Read further: 1088 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of China Shenhua Energy Company Limited showed the company increased the cash on balance sheet by ¥43.826B (39%). The Net tangible assets of 1088 on the balance sheet were at 375.19B which is ¥15.108B (4%) more than previous annual report. The total stockholder equity also increased by ¥15.835B (4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash156.71B112.88B
Total Assets610.6B 562.9B
Long Term Debt52.37B53.49B
Total Liabilities161.38B 133.32B
Total Shareholder Equity380.04B364.2B
Net Tangible Assets375.19B360.08B

Cash Flow Statement - 1088 2021 Annual Report

The 2021 annual cash flow statement of China Shenhua Energy Company Limited showed that the net income increased by ¥15.758B (44%) compared to previous reporting period. Also the capital expenditure of 1088 decreased by ¥-3.206B (-16%).

As of 2021, the total cash from investing activities was -6.84B and total cash from financing activities was -43.73B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income51.61B35.85B
Capital Expenditures-23.24B-20.03B
Dividends Paid-35.96B-25.06B
Total Cash From From Investing Activities-6.84B32.05B
Total Cash From From Financing Activities-43.73B-42.08B

China Shenhua Energy Company Limited Annual Report History

Income Statement

Income Statement history of China Shenhua Energy Company Limited (HKEX:1088)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue335.22B233.26B241.87B264.1B
Cost Of Revenue222.93B151.54B155.04B163.91B
Gross Profit112.29B81.72B86.83B100.19B
Research Development2.5B1.36B940M454M
Selling General Administrative9.7B9.5B9.63B10.58B
Non Recurring----
Other Operating Expenses16.89B11.24B10.47B10.22B
Total Operating Expenses252.04B174.42B176.53B185.29B
Operating Income83.18B58.84B65.34B78.81B
Total Other Income Expense Net-4.01B523M-419M-8.67B
Ebit83.18B58.84B65.34B78.81B
Interest Expense-2.21B-1.95B-2.9B-4.73B
Income Before Tax79.17B59.36B64.92B70.14B
Income Tax Expense18.16B15.38B15.14B15.98B
Minority Interest69.18B65.38B64.14B77.14B
Net Income From Continuing Ops61.01B43.98B49.78B54.16B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income51.61B35.85B41.71B44.14B
Net Income Applicable To Common Shares51.61B35.85B41.71B44.14B

Balance Sheet Statement

Balance Sheet Statement history of China Shenhua Energy Company Limited (HKEX:1088)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash156.71B112.88B41.83B61.86B
Short Term Investments2.08B11.19B30.71B1.74B
Net Receivables20.07B21.22B26.83B25.16B
Inventory12.63B12.75B12.05B9.97B
Other Current Assets8.46B9.19B10.69B95.01B
Total Current Assets208.31B172.23B160.49B233.3B
Long Term Investments49.88B51.4B47.34B10.86B
Property Plant Equipment316.1B296.64B299.66B294.88B
Good Will199M235M253M278M
Intangible Assets4.65B3.89B3.65B3.62B
Other Assets31.46B38.51B51.69B48.69B
Deferred Long Term Asset Charges3.57B2.86B2.94B3.08B
Total Assets610.6B562.9B563.08B591.63B
Accounts Payable35.22B28.98B25.04B26.88B
Short Long Term Debt5.67B3.8B6.83B3.77B
Other Current Liab19.1B14.47B43.99B70.75B
Long Term Debt52.37B53.49B40.4B53.59B
Other Liab15.75B9.73B6.36B5.82B
Deferred Long Term Liab4.1B3.6B3.67B3.66B
Minority Interest69.18B65.38B64.14B77.14B
Total Current Liabilities91.75B69.49B95.48B123.38B
Total Liab161.38B133.32B142.87B182.79B
Common Stock19.87B19.89B19.89B19.89B
Retained Earnings286.4B270.92B262.34B238.05B
Treasury Stock-10.99B-11.61B-11.15B-11.24B
Capital Surplus84.77B85B85B85B
Other Stockholder Equity-10.99B-11.35B-11.15B-11.24B
Total Stockholder Equity380.04B364.2B356.08B331.69B
Net Tangible Assets375.19B360.08B352.18B327.79B

Cash Flow Statement

Cash Flow Statement history of China Shenhua Energy Company Limited (HKEX:1088)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income51.61B35.85B41.71B44.14B
Depreciation20.38B19.55B20.86B22.96B
Change To Netincome15.96B11.55B8.32B15.66B
Change To Account Receivables-2.78B-2.69B2.94B851M
Change To Liabilities3.93B4.17B-356M-1.54B
Change To Inventory-157M-909M-2.45B-141M
Change To Operating Activities4.46B12.83B-7.92B6B
Total Cash From Operating Activities94.58B81.29B63.11B88.25B
Capital Expenditures-23.24B-20.03B-18.13B-19.39B
Investments8.75B53.04B-32.05B-33.57B
Other Cashflows From Investing Activities2.17B-823M9.32B-1.04B
Total Cashflows From Investing Activities-6.84B32.05B-46.31B-53.06B
Dividends Paid-35.96B-25.06B-17.5B-18.1B
Net Borrowings1.17B-6.64B-10.67B-11.94B
Other Cashflows From Financing Activities-8.94B-10.12B-9B-14.68B
Total Cash From Financing Activities-43.73B-42.08B-37.17B-44.72B
Effect Of Exchange Rate-174M-131M337M49M
Change In Cash43.83B71.05B-20.04B-10.01B