Jinneng Holding Group

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]

Jincheng Anthracite Mining Group

Company type	State-owned enterprise
Industry	Energy
Founded	2020
Headquarters	Jincheng , China
Area served	China
Products	Anthracite, coal, electricity, chemicals
Revenue	US$ 63.640 billion (2023)[1]
Operating income	US$ 12.127 billion (2023)[1]
Net income	US$ 994 million (2023)[1]
Total assets	US$ 159.091 billion (2023)[1]
Total equity	US$ 10.658 billion (2023)[1]
Number of employees	439,051 (2023)
Parent	SASAC of Shanxi Government

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:^[2][8]

• Jinneng Holding Coal Industry Group
• Jinneng Holding Power Group
• Jinneng Holding Equipment Manufacturing Group
• China Taiyuan Coal Trading Center
• Jinneng Holding Shanxi Science and Technology Research Institute Ltd.
• Jinneng Holding Finance Company