The Shenhua Group Corporation Limited (“Shenhua Group” for short) is a wholly state-owned company founded in October of 1995 with the approval of the State Council. It is a backbone state-owned enterprise directly under the central government and a super large-scale energy enterprise which takes coal as its foundation, covers electric power, railway, port, shipping, coal-to-liquids and coal chemical engineering and integrates production, transportation and sale. It is the largest and most advanced coal enterprise of China and the largest coal distributor of the world. Its main businesses include operations of the state assets authorized by the State Council, the development of coal and other resources, the investment and management in such realms as electric power, thermal power, port, railway, shipping, coal-to-liquids and coal chemical engineering. It also plans, organizes, coordinates and administrates its subsidiaries’ operations in these realms. The headquarters of the Shenhua Group is in Beijing. The China Shenhua Energy Company Limited wholly founded by the Shenhua Group has been listed in Hong Kong and Shanghai. On the Global Top 500 Enterprises 2012 by the Fortune Magazine, the Shenhua Group ranked 234.
At the end of 2012, the Shenhua Group had 21 wholly and partly-owned subsidiaries and 62 coal mines, had power plants of more than 63 million kilowatts in total and railways of 1,466 kilometers in total, had the Huanghua Port with a capacity of 100 million tons, a coal port in Tianjin with a capacity of 45 million tons and a shipping company with 11 ships, and had 211,500 employees.
In 2012, the Shenhua Group deeply implemented the scientific outlook on development, focused on changing the development mode, carefully organized its production and operation, made great progress in the structural adjustment, energy saving, emission reduction, scientific innovation, management innovation and the construction of its talent team, and bravely marched towards the goal of “being an internationally competitive and first-class coal and energy enterprise.”
In 2012, the Shenhua Group produced 460 million tons of raw coal with a death rate of 0.0043 per million tons and sold 605 million of merchantable coal. Its railways completed a total transportation of 34.3 billion tons, its power plants generated 285 billion kilowatt-hours of electric power and its ports completed 136 million tons of cargos. Its appreciation rate of state assets is at a high level in the industry, its economic contribution rate ranked first in the coal industry of China for many years, its annual profit is among the best in the enterprises directly under the central government, and its safety situation is one of the best in the world.
In the future, the Shenhua Group will continue to follow the development strategy of “scientific development, reconstruction, doubling the economic aggregate in five years and building an internationally competitive and first-class coal and energy enterprise,” make full use of the group’s advantage of the integration of mine, power, railway, port, shipping, oil and chemistry, make full use of the group’s advantage of the synergistic effect, and make effort to build a green, international and sustainable Shenhua.