中国神华2025中期报告
股份代碼 : 01088 中 期 報 告2025 穩經營 ·強管理 ·提質效 75202520256300.98202563019,868,519,95519,471 15918657595102152 EMM China Shenhua Energy Company LimitedCSEC/China Shenhua2025324 22100011(8610)5813 3355(8610)5813 1804/1814ir@csec.com 154B(852)2578 1635(852)2915 0638 22100011(8610)5813 1088/3355(8610)5813 1804/1814 2210001122100011www.csec.comwww.shenhuachina.comir@csec.com www.sse.com.cnwww.hkexnews.hk 2025211100%2025121124212 2025202567,623AH 61215 BIM+24458 20242.262025-202765%20252025 ESGESGESG20252,321.56 2025829 2025 煤礦COAL MINE 電廠POWER B8.B13.B3.B18.惠州熱電Huizhou Thermal壽光電力Shouguang Power准能電力Zhunge’er Power北電勝利Beidian ShengliEvenki Power Plant of Hangjin EnergyB23.天健美朗Lion Power B4.B9.B19.B14.神東電力Shendong Power孟津電力Mengjin Power北海電力Beihai Power柳州電力Liuzhou Power B5.B15.B20.B10.北京燃氣Beijing Gas Power九江電力Jiujiang Power岳陽電力Yueyang Power四川能源Sichuan Energy A4.Dayan Mines大雁礦區A5.Baorixile Mines寶日希勒礦區A7.Xinjie Taigemiao Mining Area新街台格廟礦區Tarangaole MinesA8.塔然高勒礦區Baotou MinesA6.包頭礦區A1.Shendong Mines神東礦區A2.Zhunge’er Mines准格爾礦區A3.Shengli Mines勝利礦區 港口PORT 鐵路RAILWAY C1.神朔鐵路Shenshuo RailwayC7.甘泉鐵路Ganquan RailwayC4.大准鐵路Dazhun RailwayC10.塔韓鐵路Tahan Railway C6.巴准鐵路Bazhun RailwayC3.黃萬鐵路Huangwan RailwayC9.黃大鐵路Huangda Railway D3.珠海煤碼頭Zhuhai Coal DockD2.天津煤碼頭Tianjin Coal DockD1.黃驊港Huanghua Port 註：②以審圖號GS(2019)1818號地圖為基礎編製①於2025年6月30日之分佈圖，僅做示意Note:①This map as at 30 June 2025 is for illustrative purpose only.②Prepared on the basis of the map with the approval number of GS(2019)1818. 1 1. 2025(GDP)5.3% 2. (1) 202520256NCEI5,50066924682225,50068522.2% 24.05.4%63.0%81.4%2.211.1%9,09815.5% 20250.4%1.8%56.9%12.1% (2) 202520255.90.7%3.48.6%2.47.5%2.21.6%1.38.2%4,37112.4%•(BancheroCosta)20257.9%2.2512.8%65,5006520.7% 3. 202548,4183.7%45,3710.8%29,4102.4%64.8%5,3982.9%10.6%20.0%11.3%6,0001,5041621,9681302,056147 112025636.518.7%2.689.9%2025645.8%14.74.7%40.4%12.133.2%22.260.9%43.1%3.726.0%4.4 202529,4854.8%60.9%74.6%22,1050.1%1,54049.3%4,36611.8%9,5438.4% 4. 2025 20255%-6%15.2-15.7 20041120056200710 2025630415.8174.5202563047,6322,4082.72.2460 2025138,1092024169,12118.3%40,013202444,97111.0%26,706202431,3561.34420241.57814.8% 2025 2025 ✔ (1)(2)(3)(4) 1. (1) 202518.3% 10.9%12.9% 7.3%4.2% 100%2025 202520.6% (3) (4) 202545,794202451,89011.7%202519,557202444,05155.6%202512,83320242,403434.0% (5) 20251,21320241,3389.3% 2. 202563%14%23%0%202466%13%21%0% ✔ 1. 2. 202563029,7074.3% 3. 202563017,04516,924121 1. (1) 2025165.42024168.21.7%23.7202419.523.0202418.2 7213765404350 (2) 2025204.92024230.010.9%43.0202462.431.1%82.940.8%72.635.8% 2025493202456612.9% (3) 2025630415.8202472.2174.5202423.6JORC111.320246.220251.673.838.234.90.7 20255.420242.314.9202450.0 2.97 (4) (1)63%(2)22%(3)15% 2. (1) 202598.782024106.657.4%92.912024100.257.3%90.4097.3%38620244034.2% 25.399.0%3.2291 202521520256,887 (2) (3) 47,63244,38493.2%100%1,2002024123147215 (4) 20252,1432,3502076,0002,056187 (5) 20253.351,0371,031 (6) 20258,696 (7) 2025344.12024358.44.0% 202513.7%18.2% 202533.2202435.87.3%43.776.0% 3. (1) 2025232025152.82024161.45.3%13.1202412.27.4%9.7 PVC (2) 20250.08020240.0833.6% 4. (1) 2025107.62024110.021.8202421.90.5%7.220246.85.9% 7715 (2) 5. (1) 202549.9202465.523.8%3.720240.6516.7% (2) 20250.02820240.0306.7% 6. (1) 303075 2025100%3%48.7% 2025354.62024287.423.4% (2) 20252.520242.119.0% 202597.0%27.4% 2025EMM131122025780.53 1. 202511,2183,918 2. ✔ 3.✔ 4. 2025147.46 1. 2.202532,5415,015202511,1344,598 2. 10% 2025815AA2025815H816A 2025 20256202025 1. 2. 20242.2676.5%20242025-20272025-202765%20250.98 3. 20252100% 4. 5 5. 20252025 6. 20242025+20251261,800 2024 1. 2. 3. 4. 5. 6. 7. 8. C1 1261602025324 3.0520253242025324H2025325A20254252025620 2025425620H2025426621A20256306 7123161 202582120256306 100%20242024 C32025 571XV 202563089,929 18089,74989,92933,105 202420252100% 1.2025 202562020242025-20272025-202765% 20250.98202563019,868,519,95519,471202572.9%79.0%202510242025 2025AAHH2025 20252025H202520251224 2.A 20251021A2025AA20252025A2025 3.H H 2025117H2025HHH20251031H18317M(852) 2862 8555 2025620202420242.2644,9032024 202563045442025 2025 202532,485121060846 6502 2014627142014627H628A2015100%100%51% 201852014(1)20153(2)2007201831H201832A 2023616202220288272023428H429A 2023100%100%20248100%2025121100%100%2025121124212225H122125213226A 202582025815H816A ✔ ✔ 202562020242025AH ✔ ✔ ✔ ✔ ✔ 1.2025 69.52%202361620222023428202420262024202620242026202411202612312023428H429A2023517 60%2023616202220234282024202620242026202411202612312023428H429A2023517 20234282023202520231120251231202432220242025202420252024112025123120234282024322H20234292024323A 20221028202320252023112025123120221028H 1029A 2. 45,40932.9% 20257,40015,0002025725H726A 2. ✔ 3. 20249-122025-202938,310.2720249-12202526,087.27 1.✔2.✔3.✔ 40%160% 2. 3. 4. 5. (1) (2) 40.32 (1)56.61%2011200814.22%20082027
