Shandong Energy Group Company Limited (SDEG) is a large state-owned energy enterprise group of Shandong Province, newly incorporated in July 2020, upon an agreed merger between the former Yankuang Group and the former Shandong Energy Group. Also, we are a state-owned capital investment company underpinned by “six major business segments”－coal mining, coal-based power, coal-based chemicals, high-end equipment manufacturing, new energy and new materials, as well as modern logistics and trade. Our sense of pride is derived from being the most international energy supplier all over China and the only one such company listed on four listing platforms in both China and beyond (Shanghai, Hong Kong, Australia, New York). Virtually, we have 4 Main-Board listed companies, 1 STAR-Market listed company, and 4 NEEQ listed companies.
We own more than 30 second-level subsidiaries, including Yanzhou Coal Mining, Xinwen Mining Group, Zaozhuang Mining Group, Guizhou Mining, Xinjiang Neng Hua, Shaanxi Future Energy, etc. All of them combined have established respective presence in China’s provinces, like Shandong, Inner Mongolia, Xinjiang, Shaanxi, Guizhou, Gansu, Hainan, and Shanghai, as well as beyond the country’s national borders, such as Australia, Canada, Thailand, and Latin America.
We boast a 240,000-strong workforce. We are rated as the 70th on the 2021 Global Fortune 500 List, with operating revenues and gross profit for year 2020 of RMB 675.2 billion and RMB 17 billion respectively, and the total assets of RMB 685.1 billion at the end of 2020.
At the heart of everything we do is General Secretary Xi Jinping’s future-oriented call to “enhance the strength, quality and size of State-owned Companies”. Eyeing both domestic and global markets, we are driven to be a global clean energy supplier and world-beating energy enterprise. We do this by focusing on “six major business segments” and by enhancing our competitiveness, innovation, influence, risk-resistance and control over sectors we are responsible for. We are now sprinting to realize both total assets and operating revenues all up to RMB 1 trillion, by the end of the 14th Five-Year Plan (2021-2025).