ABOUT CHINACOAL
ABOUT CHINACOAL

China National Coal Group Corporation (abbreviated hereafter as "China Coal Group") is a large key state-owned enterprise under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Its predecessor was China National Coal Import and Export Corporation, established in 1982 with approval from the State Council. After mergers and reorganizations, the company was restructured in 2009 into a wholly state-owned corporation and renamed as China National Coal Group Corporation. Since 2016, China Coal Group has been actively advancing supply-side structural reforms, spearheading the integration of coal resources among central state-owned enterprises. It has successively assumed control of the coal assets of more than ten central enterprises. As a central state-owned enterprise encompassing the entire coal industry chain, it bears the critical responsibility for safeguarding national energy security.

The group's core business encompasses coal development and utilization, related trade and services; power and thermal energy production, supply, and related services; coal-based new materials and related chemicals development and utilization as well as related equipment manufacturing and engineering technical services.

With access to over 70 billion tons of coal resources, China Coal Group operates and constructs 69 mines with a total production capacity of 310 million tons/year and an annual coal trade volume of nearly 400 million tons. It operates 11 coal chemical projects with a total capacity exceeding 20 million tons. Its main products include polyolefins, methanol, urea, ammonium nitrate, and coke. The Group also has 35 thermal power projects in operation and under construction, with a total installed capacity of 47.55 million kilowatts and 7 million kilowatts of installed capacity in new energy projects.

China Coal Group's expertise in coal mine design and construction, and coal machinery equipment manufacturing ranks among the leaders in the industry in terms of comprehensive strength, technical level, and market share. It has three listed companies: China Coal Energy (A+H shares), Shanghai Energy, and Xinji Energy. China Coal Group, with total assets over 600 billion yuan and a workforce of over 120,000 people by the end of 2024, is a regular in the annual SASAC evaluation with A-grade performance ratings for five consecutive years in addition to being a Fortune Global 500 company for five consecutive years.

China Coal Group vigorously implements the national energy security strategy featuring Four Reforms and One Cooperation while aligning its efforts with the national goals of Carbon Dioxide Peaking and Carbon Neutrality through the balance of ensuring energy security and advancing green, low-carbon transformation in its strategic goals in accordance with the development philosophy of "Efficiency Enhancement and Incremental Transformation". The company embraces the double chain of "coal and CO₂" with an emphasis on its own advantages of the dense industrial chain of "Coal-Thermal power-Chemical-New energy-Service" in its commitment to advancing "Dual Integration+" strategy at both the resource and consumption ends. It explores the Internal Innovation Core + External Innovation Hub System that accelerates creation of the "Dual Counterbalancing" mechanism to build a development model with China Coal Group characteristics. The group has outlined a three-step approach in its strategic planning roadmap to become a world-class energy enterprise by 2035. This vision emphasizes multi-energy complementarity, green low-carbon practices, innovation demonstrations, and modern governance - all of which contribute to building a strong energy guarantee for modernization with Chinese Characteristics.