2009

As a series of economic policies introduced by the State were implemented, the Chinese economy has shown positive changes since the second quarter of 2009. With the signs of rebounding industrialproduction, growth in investment, increase in consumption and recovery of exports, the economy of the PRC is gradually recovering to a better growth trend. The GDP growth in China has increased from 6.8% in the fourth quarter of last year and 6.1% in the first quarter of this year to 7.9% in the second quarter of this year. With the joint efforts of all staff of our Company, China Shenhua, being the world’s largest integrated energy listed company in terms of coal production and coal sales, has overcome the impact of the international financial crisis, achieved major financial and operating targets as scheduled and realized higher growth in profitability in times of adversity.