With the approval of the CPC Central Committee and the State Council, China Energy Investment Corporation (China Energy) was formally established on November 28, 2017, following the merger of China Guodian Corporation and Shenhua Group. It is a key state-owned energy enterprise (SOE) directly administered by the central government, playing a pioneering role in the restructuring of SOEs, the reform of state-owned capital investment, the efforts to build a top-notch energy company with global competitiveness, and the reform of SOE corporate governance.
The company provides products and services of whole industrial chains including coal, electric power, transportation and chemical industry. With operations distributed in 31 provinces, autonomous regions and municipalities across China, as well as more than 10 countries and regions including the United States and Canada, China Energy is the world’s largest company in coal mining, thermal power, wind power and coal-to-liquids industry. It has been rated as Grade A in 2021 business performance assessment on leaders of central enterprises and Grade A in the 2019-2021 term assessment. In 2022, it was ranked 85th on the Fortune Global 500 list, up 16 places from the previous year.
In 2021, China Energy had an asset of 1.9 trillion yuan, a revenue of 690.8 billion yuan, a net profit of 61.8 billion yuan, and a coal output of 570 million tons. With an installed power capacity of 271 million kilowatts, the company generated 1.1032 trillion kWh of electricity and supplied heat of 464 million GJ. It had an installed thermal capacity of 194 GW, an installed hydropower capacity of 18,690 MW, an installed wind power capacity of 49,990 MW, and an installed renewable energy capacity of 58,590 MW.
China Energy has resolutely implemented the guiding principles of the important speech made by President Xi Jinping during a visit to the company’s chemical arm in Yulin, as well as the policies and deployment of the CPC Central Committee and the State Council. It has made unremitting efforts to promote stability on six key fronts and maintain security in six key areas, fulfill its political and social responsibility of ensuring energy supply and security, and give full play to its advantage of integrated industrial chains of coal, electricity, chemicals, and transportation. It aims to serve as a “stabilizer” and “ballast stone” for energy supply, help promote high-quality development and make greater contributions to keeping overall economic performance stable and maintaining social stability.