Citigroup: China Shenhua (01088.HK) first-half profit meets expectations, rated "buy"

According to the WiseTrend Financial APP, Citigroup released a research report stating that China Shenhua (01088.HK) released its preliminary performance for the first half of the year. Net profit is expected to reach between 25.6 billion and 27.6 billion Chinese yuan, a year-on-year decrease of 15.8% to 21.9%, accounting for 51% to 55% of the bank's full-year forecast, and 50% to 54% of the market forecast. The net profit meets the bank's expectations. The implied net profit for the second quarter of 2025 is expected to be between 12.2 billion and 14.2 billion Chinese yuan, a year-on-year decrease of 5% to 19%, with a quarterly decrease of 9% to an increase of 6%. The company attributed the main reason for the year-on-year decrease in net profit in the first half of the year to the decrease in the average selling price and sales volume of coal. The rating is "buy" with a target price of 36.3 Hong Kong dollars.