Coal industry overcapacity lead to the largest coal enterprise---Shenhua is starting to transform. In the future, Shenhua is going to focus on nuclear power. In October 28, 2015, the General Manager of Shenhua Group has annouced this decision in International Coal Summit 2015.
Affected by the economic slowdown, the total energy consumption control and other factors, the coal industry has a serious excess capacity. Shenhua coal industry restructuring and development of nuclear power and the situation is not unrelated to the overall downturn. According to the thrid financial report of Shenhua, the sales quantity and price is declined which has seriously influenced the profit of the company. The coal industry is on the occasion of the winter which lead to Shenhua's transformation. The General Manager of Shenhua promised that the company pass three " Five-Year Plan" to build a world-class nuclear energy supplier.