China Shenhua's commercial coal output down 10.9% in November
Time:2019-12-18 10:38:54 Source:CCTDCOAL
According to the announcement issued by China Shenhua on December 17th, China Shenhua's commercial coal output was 22.9 million tonnes in November, down 10.9% year on year, but up 6.51% on the month. China Shenhua's coal sales volume was 37.8 million tonnes in November, down 2.3% year on year, but up 12.17% on the month.
The cumulative volume of China Shenhua's commercial coal output was 258.5 million tonnes in the first eleven months of 2019, down 4.7% year on year. And the cumulative volume of commercial coal sales was 403.2 million tonnes, down 3.3% year on year..
The volume of China Shenhua's seaborne coal was 23.3 million tonnes in November, down 0.4% year on year, but up 10.43% on the month. Among them, the volume of seaborne coal at Huanghua Port was 15.6 million tonnes, down 8.8% year on year, but up 4.0% on the month. The volume of seaborne coal at Shenhua Tianjin Coal Terminal was 3.6 million tonnes, up 12.5% year on year, and the same as the previous month.
The cumulative volume of China Shenhua's seaborne coal was 243.8 million tonnes in the first eleven months of 2019, down 0.5% year on year. Among them, the cumulative volume of seaborne coal at Huanghua Port was 170.8 million tonnes, down 2.7% year on year. And the cumulative volume of seaborne coal at Shenhua Tianjin Coal Terminal was 40.6 million tonnes, down 0.7% year on year.
In addition, China Shenhua generated 11.73 billion kWh of electricity in November, down 49.7% year on year. The cumulative volume of power generation was 139.35 billion kWh in the first eleven months of 2019, down 46.1 % year on year. The total sales of electricity were 11.02 billion kWh in November, down 49.9% year on year. And the cumulative volume of total sales of electricity were 130.7 billion kWh in the first eleven months of 2019, down 46.1% year on year.
The main reasons for the year-on-year decline in the company's commercial coal output in November of 2019 according to the annoncement were: (1) A decline in the commercial coal output of No.1 Shengli open-pit mine due to the mining land procedures progress. At present, the mine has completed the procedures for mining land and resumed stripping operation, and the output will gradually return to normal. (2) Due to the change of mining geological conditions, the output of commercial coal in Heidaigou open-pit mine and Buertai mine decreased. (3) Affected by the processing progress of mining documents, the production of commercial coal in No.1 Wanli mine decreased. The company is actively taking measures to promote related work.
The main reason for the year-on-year decline of the company's electricity generation and sales in November 2019 is that the completion of the transaction of the joint-venture company, and the company's contributed assets will no longer be included in the consolidated financial statements. For details, please refer to the H-share announcement of January 31, 2019 and the A-share announcement of February 1, 2019.
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