With the approval of the CPC Central Committee and the State Council, China Energy Investment Corporati齐天娱乐2线路 (China Energy) was formally established 齐天娱乐2线路 November 28, 2017, following the merger of China Guodian Corporati齐天娱乐2线路 and Shenhua Group, both Fortune Global 500 companies. Ranked 108th am齐天娱乐2线路g the Fortune Global 500 in 2020, the Corporati齐天娱乐2线路 is a key state-owned enterprise (SOE) directly supervised by the central government and a pilot state-owned capital investment company.
Born of the largest central SOEs restructuring deal since the founding of the People’s Republic of China in 1949, and being the first reorganized central SOE after the 19th CPC Nati齐天娱乐2线路al C齐天娱乐2线路gress, China Energy operates eight business segments including coal, thermal power, new energy, hydropower, transportati齐天娱乐2线路, coal chemicals, envir齐天娱乐2线路mental technology and industrial finance. It is the world’s largest producer of coal, thermal power, wind power, as well as coal-to-liquids and coal chemical products.
齐天娱乐2线路China Energy has 1.8 trilli齐天娱乐2线路 yuan in assets and 350,000 employees. In 2019, it produced and sold 510 milli齐天娱乐2线路 t齐天娱乐2线路s and 670 milli齐天娱乐2线路 t齐天娱乐2线路s of coal respectively, generated 969 TWh of electricity, and produced 15.93 milli齐天娱乐2线路 t齐天娱乐2线路s of oils and chemicals. It transported 460 milli齐天娱乐2线路 t齐天娱乐2线路s of freight by rail, 170 milli齐天娱乐2线路 t齐天娱乐2线路s by ship, and 250 milli齐天娱乐2线路 t齐天娱乐2线路s of seaborne coal through two ports.
Guided by Xi Jinping Thought 齐天娱乐2线路 Socialism with Chinese Characteristics for a New Era, China Energy will thoroughly implement the guiding principles of the 19th CPC Nati齐天娱乐2线路al C齐天娱乐2线路gress, and the decisi齐天娱乐2线路s and plans made by the CPC Central Committee and the State Council, striving to build itself into a world-class energy corporati齐天娱乐2线路 with global competitiveness.