The analyst rating for CHINA SHENHUA (01088.HK) is maintained at "Hold" due to an expected decline in net profit for 2025, estimated to decrease by 6.3-14.7% year-over-year. This decline is attributed to increased costs in the coal business, changes in the sales mix, and challenges in the power business, including higher coal costs, lower tariffs, and reduced utilization rates. The target price is set at $42.5.