HK Stock Market Move | China Shenhua Energy (01088) rises over 3%; first three quarters net profit attributable to parent 47.317 billion yuan; plans to acquire 50% equity in coal-to-gas company.

China Shenhua Energy (01088) rose over 3%, up 2.78% as of press time to HK$40.72, with turnover of HK$257 million. On the news front, on October 23, China Shenhua Energy announced that for the nine months ended September 30, 2026, revenue was 296.031 billion yuan, up 9.0% year on year; profit attributable to owners of the company was 47.317 billion yuan, up 2.1% year on year; basic earnings per share were 2.198 yuan. On the same day, China Shenhua Energy announced that the board has reviewed and approved the acquisition. According to the Equity Transfer Agreement, the company's wholly-owned subsidiary Xinjiang Energy plans to acquire, for a cash consideration of approximately 618 million yuan, a 50% equity interest in the coal-to-gas company held by Western Energy. Given that the raw coal and fuel coal required by the coal-to-gas company are mainly supplied by Xinjiang Energy's Hongshaquan coal mine, the acquisition is conducive to further deepening the industrial synergy of the group's coal chemical business, optimizing the layout of the coal chemical industry, and strengthening the integrated operating structure. In addition, the acquisition is conducive to reducing the ongoing coal supply connected transactions between the group and CHN Energy.