Shenhua Group
| Company type | State-owned enterprise | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Energy | ||||||
| Predecessor | Huaneng Coal Corporation | ||||||
| Founded | 1995 | ||||||
| Defunct | 2017 | ||||||
| Fate | Merged with China Guodian | ||||||
| Successor | China Energy Investment | ||||||
| Headquarters | , China | ||||||
Area served | China | ||||||
Key people | Chairman: Zhang Yuzhuo | ||||||
| Products | Coal, electricity, transportation (rail and ocean), polyethylene, polypropylene | ||||||
| Services | Coal production, transportation, Electricity generation | ||||||
| Owner | Chinese Central Government | ||||||
Number of employees | ~210,000 | ||||||
| Parent | SASAC | ||||||
| Subsidiaries | China 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 | ||||||
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| Chinese short name | |||||||
| Simplified Chinese | 神华集团 | ||||||
| Traditional Chinese | 神華集團 | ||||||
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| Website | shenhuagroup.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. 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.