Shandong's coal integration tends to hit the world's top 500

Based on the in-depth integration of six coal companies in the province, Shandong Energy Group will strive to achieve an annual sales income of RMB 250 billion during the “Twelfth Five-Year Plan” period. The profit will exceed RMB 20 billion, and the employees’ income will exceed RMB 80,000 and enter the top 500 companies in the world. Among the enterprises, the old pattern of "one coal alone" will also be broken.

Bo Changsen, chairman of Shandong Energy Group, said that to achieve this goal, the traditional energy industry should give full play to the advantages of coal underground gasification and oil shale oil refining technologies on the basis of coal, and actively enter the fields of oil, gas, and electricity. Strive to establish a batch of oil shale mining bases in Inner Mongolia, Jilin, Shaanxi, and Xinjiang during the 12th Five-Year Plan period. At the same time, it is necessary to step out of the dilemma of “eat by coal and eat” and choose the opportunity to enter new energy fields such as wind power and solar energy through capital operation and other means. In the field of coal chemical industry, we adhere to the principle of “high starting point, multi-joint production, and park development”, and we will focus on the development of high-end products and fine chemical products based on our existing coal chemical industry.

Bo Changsen stated that the net assets of the group company at the end of 2010 were 46.7 billion yuan and the monetary capital was 20.5 billion yuan. Although the stock of capital was relatively large, the company's means were simple and lacked a capital operation platform. At present, apart from Yankuang holding a 29% stake in Xinhua Medical, there is no independent listed company in the group, which mainly relies on banks. During the “Twelfth Five-Year Plan” period, Shandong Energy Group will vigorously develop renewable green clean new energy, and capital operation will become an important business model.

Before the establishment of the Energy Group, its six coal companies have successively acquired and developed coal resources in various provinces and regions. According to statistics, the current coal reserves of Shandong Energy Group are 15.4 billion tons, of which 2.4 billion tons are in the province, 13 billion tons are outside the province, and the designed production capacity is 55.19 million tons. This basically forms the province's internal and external synchronization development, and the center of gravity is gradually outside the province. The strategic layout of the transfer.

In 2010, Shandong Energy Group's coal output was 79.05 million tons, sales revenue was 106 billion yuan, and profit was 13.9 billion yuan. It is the province's largest provincial company with total profits, and its comprehensive strength is in the upper reaches of the national coal industry. In the same year, the Group's non-coal industry realized sales revenue of RMB 60.2 billion, accounting for 57% of the total sales revenue of the Group.