Shandong Energy Group is a wholly state-owned company with registered capital of 10 billion RMB. Headquartered in Jinan of Shandong province, the Group directly manages six mining companies, two regional companies, two logistics companies, one financial company and four agencies specialized in R&D, information, etc.; and owns more than 200,000 employees. The subsidiaries of the Group can be found in a dozen of provinces and autonomous regions including Shandong, Shanxi, Shaanxi, Inner Mongolia, Xinjiang and Guizhou, and other countries and regions such as Canada, Australia. The Group is also one of the world's top 500 enterprises.
Adhering to the ideals of innovation, coordination, green, openness and sharing, the Group is following the road map to restructure itself during 2016-2017, and rise at 2018-2020. The Group will advance ahead through structure adjustment and outreaching cooperation, optimize industry and capital operation, and strengthen its mainstay in terms of talent, innovation and political awareness. The main production area will move out into other provinces as well as abroad, and the energy business profile will also be diversified, in order to translate the scale of the Group into the strength. In this period, the Group will also strive to forge four bases, namely the coal-gas base in Yili, Xinjiang; coal and electricity comprehensive utilization base in Shanghaimiao, Inner Mongolia, in Zaozhuang, Shandong and in Heze, Shandong. We will be dedicated to build a optimized and competitive energy enterprise, both domestically and internationally, at the end of China’s 13th Five-Year Plan period that will persistently producing value for the society. We will spare no effort to develop Shandong Energy Group into an outstanding, international and modern energy enterprise and realize our strategic goal of forging the Group into Four-New Group embodying Power, Value, Vigor and Harmony.