China Shenhua Energy (SHA:601088) expects 2024 net profit attributable to shareholders to range between 57 billion yuan and 60 billion yuan, compared with 59.7 billion yuan the previous year.

The company's forecast ranged from a year on year decrease of 4.5% to an uptick of 0.5%, reflecting the impact of declining coal prices and reduced coal division profits, according to a Friday filing with the Shanghai bourse.

Shares of the power company rose 1% in recent trade on the Shanghai bourse.

Price (HKD): $38.75, Change: $+0.34, Percent Change: +0.89%