By Ronnie Harui

China Shenhua Energy Co.'s net profit jumped 44% in 2021, mainly thanks to a substantial increase in revenue.

Net profit climbed to 51.61 billion Chinese yuan ($8.11 billion) in 2021, the Hong Kong-listed Chinese energy company said in a statement late Friday. Revenue rose to CNY335.22 billion in 2021 from CNY233.26 billion in 2020.

For 2022, China Shenhua Energy targets revenue of CNY296.6 billion and operating costs of CNY204.8 billion, it said. The company also targets commercial coal production of 297.8 million tons and coal sales of 402.9 million tons for 2022, it added.

The energy company plans to accelerate the construction of a clean, low-carbon, safe and efficient modern energy system, consolidate the core advantages of its integrated operations and ensure the safe and stable supply of energy, it said. The company also intends to promote the construction of green mines, green transportation, green power plants and green chemicals facilities.


Write to Ronnie Harui at ronnie.harui@wsj.com


Corrections & Amplifications


This article was corrected at 0230 GMT to reflect that for 2022, China Shenhua Energy targets revenue of CNY296.6 billion and operating costs of CNY204.8 billion. The original article incorrectly said the company targets revenue of CNY2.97 billion and operating costs of CNY2.05 billion.

(END) Dow Jones Newswires

03-27-22 2119ET