ABOUT CHINACOAL
ABOUT CHINACOAL

China National Coal Group Corporation (abbreviation as China Coal Group ) is the key state-owned enterprise which is under the jurisdiction of the Sate-owned Assets Supervision and Administration Commission of the State Council. Its predecessor was the China National Coal Import and Export Corporation, established in July 1982. The major businesses China Coal Group comprise coal production and trade, coal-based chemical, power generation, coal mine construction, coal mining equipment manufacturing and relevant engineering technical services. In December 2006, China Coal Energy Company Limited was listed in Hong Kong and returned to A shares in February 2008. By the end of 2019, China coal group had 395.8 billion yuan in assets and 128,000 employees.

China Coal Group is a large energy company mainly specializing in coal production, the existing reserves of controllable resources exceed 60 billion tons, more than 70 coal mines are under operation and construction, the total capacity reached 300 million tons. The equity production capacity of the coal chemical products approaches around 10 million tons which mainly comprise olefin, methanol, urea, ammonium nitrate, coke, etc. The power industry has actively promoted the integration of coal and electricity through new construction and equity participation. Currently, there are more than 40 power plants with a total installed capacity of over 27 million kw. Coal mine construction enterprises have undertaken the design and construction tasks of more than 10,000-ton mining areas, 10,000-ton high-yielding and high-efficiency mines and large coal washing plants in China, representing the advanced level of the industry. Coal mine equipment manufacturing enterprises set "research, supply, maintenance, leasing, service" five integrated, the integrated intelligent coal mine face transportation, support, mining equipment technology level and market share in the domestic leading.

China Coal Group adheres to the strategy of Supplier and Provider: to build a world-class clean energy supplier and comprehensive energy service provider with global competitiveness. Stand on the development ideas of "12355": 1 Center: refers to centering on quality and effectiveness. 2 Large Industry Forms: refers to building up a new circular economy business form of coal production, coal chemical, power generation and a new services form in engineering construction, equipment manufacturing, design and research, asset operation management, and comprehensive energy development. 3 Main Relationship: refers to the relationship between the current and long-term, reform and stability, control and vitality. 5 Missions: refers to safety and stability, improvement of quality and efficiency, transition and upgrade, reformation and adjustment, strengthening foundation. 5 Ideas: refers to innovation development, coordination development, green development, open development and shared development. China Coal Group expects to "double" its operating revenue in 2020 from 2015, with a total profit of more than 10 billion yuan, and strive to become one of the world's top 500 enterprises, laying a foundation for building a world-class clean energy supplier and comprehensive energy service provider with global competitiveness.