2011

In the first half of 2011, against the backdrop of the steady and relatively fast growth of the overall economy in the PRC, China Shenhua achieved continuously healthy development. Adhering to the development strategy of “build a worldwide first-class coal-based integrated energy enterprise with global competitiveness”, the board of directors of China Shenhua pursued its core philosophy of value creation. With an aim to “pursue scientific development, rebuild Shenhua and double economic aggregate output within five years”, the Company persisted in organic growth and external development simultaneously and strived for a coordination between its business and capital market operation. The Company made great efforts to seize development opportunities, optimize industrial layout, enhance corporate governance and strengthen cost control, and thus realized on-going healthy growth. As at 30 June 2011, the market capitalization of China Shenhua reached USD93.05 billion, ranking the first among listed coal companies worldwide and the fourth among listed integrated mining companies worldwide.