Founded in 1997, Yankuang Energy Group Company Limited (“Yankuang Energy” or “The Company”) takes mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics as pillar industries. Assets and businesses are presented in Shandong, Shaanxi and Inner Mongolia, Xinjiang and overseas Australia, North America, Europe and other countries and regions. It is the only mega-sized energy enterprise in China that enjoys six major listing platforms in China and beyond (Shanghai, Hong Kong, New York, Australia, Frankfurt, Munich).
Adhering to the corporate mission of “developing green energy to lead energy revolution”, Yankuang Energy actively integrates into the “Carbon Peaking & Carbon Neutrality” strategy of China, upholds integrity, promotes innovation and accelerates industrial reform and transformation, and is moving fast to build itself into a world-class, sustainable model enterprise leading in clean energy.
In 2023, the Company produced 132 million tons of salable coal and 8.59 million tons of chemicals. In accordance with Chinese Accounting Standards, the Company achieved an operating revenue of RMB150 billion and the net profit attributable to the Shareholders of the Company reached RMB20.1 billion for the year 2023. As at the end of 2023, the Company registered a total asset of RMB354.3 billion.
By the end of 2023, Yankuang Energy recorded 79 thousand employees in total and 7.439 billion shares of share capital. Shandong Energy Group Co., Ltd, the controlling shareholder, ranks 75th on the 2024 Fortune Global Top 500 List and 23rd among China Top 500 Companies and holds 54.69% of the total share capital of the Company. With excellent performance, sound management, strong international competitiveness and exemplary performance of social responsibility, the Company has been widely recognized by the industrial peers across the world as well as the domestic and international capital markets. The Company has been selected as one of the “Two Hundred Enterprises” under the SOEs reform project initiated by SASAC of the State Council and has won “National Quality Award” for three times. It is also the only energy enterprise in China that has won the Asian Quality Excellence Award and the Global Performance Excellence Award. The Company has won the “Best Board of Directors” of Golden Roundtable Award of the Board of Directors of China’s listed companies for many years, and has become the first enterprise in China to pass the ESG management system certification, ranking 23rd among the Top 100 Listed Companies in China and 26th among the Global Mining.com Top 50.