 Shenhua Group Corporation Limited (hereinafter referred to as “Shenhua Group”), as a state-owned enterprise (“SOE”) established upon approval by the State Council in October 1995, is a key SOE under direct supervision by the central government. It is a large coal-based integrated energy enterprise with businesses of coal, power generation, railway transport, port, shipping, coal liquefaction and chemicals, and runs a complete supply chain covering production, transportation and trade. It is also the largest and most modernized coal company in China and the largest coal supplier in the world, ranked among the World’s Top 500. Its main business scope includes running of state-owned assets authorized by the State Council; development of resources products (such as coal); investment and management in such sectors as electric power generation, thermal power generation, port, railway transport, shipping, coal-toliquids and coal-to-chemicals; and planning, organization, coordination and management of production and operation of the subsidiaries of the Shenhua Group in the above-mentioned sectors. China Shenhua Energy Company Limited, solely initiated by Shenhua Group, is cross listed in Stock Exchanges of Hong Kong and Shanghai.
By the end of 2010, Shenhua Group has 25 wholly-owned or controlling subsidiaries, 53 operating mines, power plants with total installed capacity of 33,947.9 MW, a total railway length of 1,470 km, Huanghua Port and Tianjin Coal Terminal with throughput capacity of 100 million tonnes and 45 million tonnes respectively and a shipping company with 11 vessels. It has total assets worth RMB550.9 billion and 167 thousand employees.
Shenhua Group implemented the scientific concept on development in 2010. It stressed on coordinated improvement in safety, scale and benefits, endeavored to create an enterprise featuring intrinsic safety, quality and efficiency, technological innovation, resource conservation and harmonious development (i.e. a “Five-Type Enterprise”), made breakthroughs in enhancing management and control mechanisms and information technology capability, and focused on basic management, production and operation and marketing, hence achieved excellent results in various sectors.
In 2010, Shenhua Group’s raw coal output reached 357 million tonnes with fatality rate of 0.025 per million tonnes; sales volume of commercial coal was 445.8 million tonnes; volume of coal transported by proprietary railway was 300 million tonnes; power generation was 160.161 billion KWH; and port handling volume was 117 million tonnes. Total operating income amounted to RMB219.6 billion and the total profits RMB58.5 billion. Shenhua Group was one of the best in the industry in terms of capital value preservation and appreciation rate, and ranked No. 1 in the coal industry for years in a row in corporate contribution to the national economy, and was one of the best among central SOEs in terms of total annual profit. The company has also been a world-leader in safe production for years.
In the future, Shenhua Group will adhere to its development strategy of “pursuing scientific development, rebuilding Shenhua and doubling the economic aggregate output within five years”, to build itself into a “Five-Type Enterprise” and a world-class coal-based integrated energy giant. |
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