GANSU ENERGY CHEMICAL CO.,LTD
甘肃能化
000552
Shenzhen Stock Exchange
Company Profile
Through continuous layout optimization, the Company has effectively integrated the major coal resources and production capacities of Jingyuan and Yaojie mining areas, achieved unified product marketing and efficient utilization of production factors, thereby enhancing its market influence and competitiveness. In recent years, the Company has adhered to the principles of intensive, safe and sustainable development, guided by the national industrial policy and taking advantage of its technological and managerial advantages in coal production. It has further adjusted its coal production layout, strengthened its core industries and developed cogeneration projects, coal-based chemical industries and comprehensive coal utilization industries, striving to build a new integrated development model. The Company is actively exploring new modes of operation and management for listed companies, continuously improving its corporate governance structure, strengthening its internal management, and enhancing its core competitiveness and comprehensive strength. While ensuring the sustainable and healthy development of the Company, the Company adheres to its mission of rewarding shareholders by focusing on investor returns. Since its restructuring and listing, the Company has achieved consecutive years of cash dividends. In the new era and new journey, Gansu Energy Chemical Co., Ltd. focuses on the "15th Five-Year Plan", fully committed to strengthening and optimizing the coal industry, accelerating the layout of the power generation industry, speeding up the construction of coal chemical projects, and continuously improving the profitability of the infrastructure industry. It aims to build an integrated industrial pattern of "coal, power, chemical and infrastructure", and continuously improve the core competitiveness and key functions of the company. The Company strives to become a nationally leading modern comprehensive energy company and a top listed company in the industry, with a solid development foundation, a more refined management system, greater innovative vitality, stronger risk resistance and improved employee welfare.
Full description
Gansu Energy Chemical Co., Ltd. (formerly Jingyuan Coal-Electricity Co., Ltd.) was listed on the Shenzhen Stock Exchange in January 1994, becoming the first listed coal company in Northwest China. The company underwent significant asset restructuring in 2012 and 2022, acquiring the main businesses of Jingyuan Coal Group and Yaojie Coal Group, and was renamed Gansu Energy Chemical Co., Ltd. in 2023. After the restructuring, Gansu Energy Investment Group became the largest shareholder, directly holding 50.16% of the company's shares and indirectly holding 1.68% through Gansu Coal Investment, for a total shareholding of 51.84%. The Company's principal business is coal mining and sales, with capabilities in coal geological exploration and surveying services, cogeneration, gas power generation, coal storage and transportation, and a complete coal production, supply and sales business system integrated with the coal and power industries.The production and operation bases are located in the mining areas of Baiyin Pingchuan, Jingyuan, Jingtai, Lanzhou Honggu, Wuwei Tianzhu and Jiuquan Subei County in Gansu Province. The company owns eleven coal producing mines with an approved annual capacity of 23.14 million tonnes. It has an installed power generation capacity of 4.829 GW, an annual urea production capacity of 700,000 tonnes and an annual nitro-compound fertiliser production capacity of 250,000 tonnes.