Jinneng Holding Group Explained

Jincheng Anthracite Mining Group
Type:State-owned enterprise
Industry:Energy
Founded:2020
Hq Location City:Jincheng
Hq Location Country:China
Area Served:China
Num Employees:439,051
Num Employees Year:2023
Products:Anthracite, coal, electricity, chemicals
Revenue:US$ 63.640 billion (2023)[1]
Operating Income:US$ 12.127 billion (2023)
Net Income:US$ 994 million (2023)
Assets:US$ 159.091 billion (2023)
Equity:US$ 10.658 billion (2023)
Parent:SASAC of Shanxi Government

Jinneng Holding Group is a Chinese state-owned energy company based in Jinzhong, Shanxi. The Group controls total assets of $US 151.8 billion, including a coal production capacity of approximately 468 million tons and an installed power generation capacity of 23.28 GW.[2] [3] With 439,051 employees, the company is one of the largest employers in the world.[4] [5]

History

Jinneng Holding Group was formed in 2020 through the merging of the Datong Coal Mine Group, the Shanxi Jincheng Anthracite Coal Mining Group, the old Jinneng Group, the coal and electricity business and coal equipment manufacturing-related assets of Lu'an Group and Huayang New Materials Technology Group, and the restructured China Taiyuan Coal Trading Center Company.[2] [6] [7]

Structure

Jinneng Holding Group has established six subsidiaries:[8]

Notes and References

  1. Web site: Jinneng Holding Group . Fortune Global 500 . Fortune . 2024-08-24 . 2022-08-13 . https://web.archive.org/web/20220813104025/https://fortune.com/company/datong-coal-mine-group/ . live .
  2. Web site: 2023-06-17 . JINERGY-About The Group . 2023-06-17 . https://web.archive.org/web/20230617074425/https://en.jinergy.com/site/group_profile . live .
  3. Web site: 2023-06-17 . en . Jinneng Holding Power Group Co Ltd - Company Profile and News .
  4. Web site: 2023-06-17 . 2022-10-28 . en-US . 20 Biggest Companies in the World by Employees . 2023-06-17 . https://web.archive.org/web/20230617074425/https://finance.yahoo.com/news/20-biggest-companies-world-employees-162532572.html . live .
  5. Web site: 2023-11-29 . 000767.SZ - Stock Price & Latest News . Reuters . 2023-11-29 . https://web.archive.org/web/20231129095822/https://www.reuters.com/markets/companies/000767.SZ . live .
  6. Web site: 2023-11-29 . Sidney Leng, Su-Lin Tan . 2020-10-06 . en . China’s Shanxi province embarks on coal mega merger in efficiency drive . South China Morning Post.
  7. Web site: 2023-11-29 . 2020-10-28 . en . Workers’ interests sidelined as China pushes ahead with coal mining consolidation . China Labour Bulletin . 2023-11-29 . https://web.archive.org/web/20231129095824/https://clb.org.hk/en/content/workers%E2%80%99-interests-sidelined-china-pushes-ahead-coal-mining-consolidation . live .
  8. Web site: 2023-11-29 . en . Jinneng Holding Power Group Co Ltd - Company Profile and News . Bloomberg.

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