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China Coal Energy Co., Ltd. (601898)

Date:2021-03-19 View:501

China Coal Energy Group Co., Ltd. (hereinafter referred to as China Coal Group) is a key state-owned enterprise managed by the state owned assets and Resources Supervision Committee of the State Council. In 2020, fortune is one of the top 500 enterprises in the world. It was formerly established in July 1982. Its main business includes: coal production trade, coal chemical industry, power generation, coal mine construction, coal mine equipment manufacturing and related engineering and technical services It's our business. In December, 2006, China Coal Energy Co., Ltd., which was founded exclusively by China Coal Group, was listed in Hong Kong and returned to a shares in February2008. By the end of 2019, the total assets of China Coal Group are 395.9 billion yuan, with 128000 employees.

China Coal Group is a large coal production enterprise in China, with the existing controllable resources reserves of over 60 billion tons, more than 70 mines under construction and production, with a total capacity of 300 million tons. Coal chemical products mainly include olefins, methanol, urea, ammonium nitrate, coke, etc., with an equity capacity of about 10 million tons. The power industry has actively promoted coal and electricity integration through new construction and joint stock cooperation. There are more than 40 holding and participating power plants, with total installed capacity of more than 27 million kilowatts. Coal mining construction enterprises have undertaken the design and construction tasks of tens of millions of tons of mining areas, high-yield and high-efficiency mines and large coal washing plants in China, representing the advanced level of the industry. The coal mine equipment manufacturing enterprise is integrated with "research, supply, maintenance, leasing and service", and the technical level and market share of the complete set intelligent coal face conveying, supporting and mining equipment are the leading in China.

China coal group insists on the implementation of the strategy of "two businesses": building a world-class clean energy supplier and energy comprehensive service provider with global competitiveness. Adhere to the development idea of "12355": focus on one center: focusing on quality and benefit; focus on creating two major formats: new business forms of circular economy such as coal electrification and new service industry such as engineering construction, equipment manufacturing, design and development, asset operation management, energy comprehensive development, etc.; correctly handle three relationships: current and long-term, reform and stability, management and control and vitality The department focuses on five tasks: safety and stability, quality improvement and efficiency improvement, transformation and upgrading, reform and adjustment, strengthening the foundation and strengthening the foundation; consciously implementing the five development concepts: innovation, coordination, green, opening up and sharing. China Coal Group expects to double its operating income in 2020 on the basis of 2015, with a total profit of more than 10 billion yuan, laying the foundation for building a world-class clean energy supplier and energy comprehensive service provider with global competitiveness.


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