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Shandong Energy Group entered Fortune Global 500 list for the sixth year
July 20, 2017  

Jinan, July 20 - Fortune magazine had published the 2017 global 500 list, on which Shandong Energy Group had moved up 54 places from last year and ended at 372. With annual operating income of 29.299 billion US dollars, ranked 372, the Group had stayed on the list for six consecutive years among the List. And it still is the only state-owned enterprise in Shandong Province to enter the list.

Last year, Shandong Energy Group had actively decommissioned 26 pairs of mines and 10.38 million tons of production capacity. In the first half of this year, Shandong Energy Group vigorously developed three integrated industry sectors covering power generation, medicine and finance. It also strive to build four bases at Erdos in Inner Mongolia, Yili in Xinjiang, and Zaozhuang and Heze within Shandong Province. In the first half of the year, the Group realized operating income of 164.8 billion yuan and the actual operating profit was 9.87 billion yuan, its total social contribution reached 31.5 billion yuan besides 9.4 billion yuan of tax paid. All considered the Group is outperforming its historical record on all fronts. It is expected to push annual operating income and total assets above 300 billion yuan and the end of the year, while the actual operating profit would exceed 18 billion yuan.

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