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Shenhua Group information


Shenhua Group
Company typeState-owned enterprise
IndustryEnergy
PredecessorHuaneng Coal Corporation
Founded1995 (1995)
Defunct2017
FateMerged with China Guodian
SuccessorChina Energy Investment
Headquarters
Beijing
,
China
Area served
China
Key people
Chairman: Zhang Yuzhuo
ProductsCoal, electricity, transportation (rail and ocean), polyethylene, polypropylene
ServicesCoal production, transportation, Electricity generation
OwnerChinese Central Government
Number of employees
~210,000
ParentSASAC
SubsidiariesChina Shenhua Energy
Chinese name
Simplified Chinese神华集团有限责任公司
Traditional Chinese神華集團有限責任公司
Chinese short name
Simplified Chinese神华集团
Traditional Chinese神華集團
Websiteshenhuagroup.com.cn

Shenhua Group Corporation Limited was a Chinese state-owned mining and energy company. Shenhua Group was founded in October 1995 under the auspices of the State Council of the People's Republic of China. It was the largest coal-producing company in China.[citation needed] In 2014 Shenhua Group produced 437 million tons of coal and sold 588 million tons of coal. In 2014, Shenhua Group's revenue was 328.6 billion yuan (~US$53 billion), and the company ranked 196th in the Global Fortune 500. The same year the Shenhua Group's profit was 64 billion yuan (~US$10 billion). On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group would be jointly restructured, with Shenhua Group becoming China Energy Investment Corporation and absorbing China Guodian Corporation.[1]

  1. ^ "China Is Creating the World's Largest Power Company". Bloomberg News. 28 August 2017. Retrieved 29 August 2017.

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