Jinneng Holding Group Co., Ltd. (晋能控股集团有限公司) is China's second largest coal enterprise group (2024 ranking) and a Fortune Global 500 company, formed through the strategic consolidation of major Shanxi provincial state-owned energy enterprises. The group was officially established on October 30, 2020, as part of Shanxi Province's landmark state-owned enterprise reform initiative.
Formation and History
Jinneng Holding Group was created through the merger of three major Shanxi provincial enterprises:
- Datong Coal Mine Group Co., Ltd. (大同煤矿集团有限责任公司) - Founded in 1949 as Datong Mining Bureau, one of China's eight major coal mining bureaus under the Ministry of Coal Industry
- Shanxi Jincheng Anthracite Coal Mining Group Co., Ltd. (山西晋城无烟煤矿业集团有限公司) - Major anthracite coal producer
- Jinneng Group Co., Ltd. (晋能集团有限公司) - Former Shanxi energy group
Simultaneously, the group integrated coal, electricity, and coal machinery equipment manufacturing assets from:
- Lu'an Mining (Group) Co., Ltd. (潞安矿业集团有限公司) - Now reorganized as Lu'an Chemical Group
- Huayang New Materials Technology Group Co., Ltd. (华阳新材料科技集团有限公司)
- China Taiyuan Coal Trading Center Co., Ltd. (中国太原煤炭交易中心有限公司) - After its restructuring from a public institution to an enterprise
Business Structure
The group operates through six major subsidiary platforms:
- Jinneng Holding Coal Industry Group (晋能控股煤业集团) - Coal mining operations
- Jinneng Holding Power Group (晋能控股电力集团) - Power generation and electricity
- Jinneng Holding Equipment Manufacturing Group (晋能控股装备制造集团) - Coal machinery and equipment manufacturing
- China Taiyuan Coal Trading Center (中国太原煤炭交易中心) - Coal trading platform
- Jinneng Holding Shanxi Science and Technology Research Institute Co., Ltd. (晋能控股山西科学技术研究院有限公司) - R&D and innovation
- Jinneng Holding Finance Company (晋能控股财务公司) - Financial services
Key Assets and Resources
The group controls extensive coal resources across Shanxi Province:
- Coal field area: 6,157 square kilometers
- Total reserves: 89.2 billion tons
- Operations span: Datong, Shuozhou, and Xinzhou cities, covering 39 counties and districts
- Mining capacity: Over 100 million tons per annum
Strategic Focus
Jinneng Holding Group's development strategy centers on "improving coal industry, strengthening power industry, and expanding intelligent equipment manufacturing industry". The group emphasizes digital transformation, clean energy development, and advanced coal-based chemical industries.
Major Affiliated Chemical/Refining Groups
Under the Jinneng Holding umbrella, the following chemical-focused subsidiaries operate:
- Lu'an Chemical Group Co., Ltd. (潞安化工集团有限公司) - Coal-based chemicals, coal-to-liquids, ammonia, fertilizers
- Shanxi Coking Coal Group (山西焦煤集团) - Coking coal and coke production
- Huayang New Materials Technology Group (华阳新材料科技集团) - Advanced materials and chemicals
