China Energy Investment Corporation
China Energy Investment Corporation (China Energy) was formally founded on November 28, 2017, with the permission of the CPC Central Committee and the State Council, 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, pioneering in the restructuring of SOEs, reform of state-owned capital investment, efforts to build a world-class energy company, and reform of SOE corporate governance.
The corporation offers products and services from a variety of industries, including coal, electric power, transportation, and the chemical industry. China Energy is the world's largest coal mining, thermal power, wind power, and coal-to-liquids firm, with activities in 31 provinces, autonomous areas, and municipalities across China, as well as more than ten countries and regions, including the United States and Canada. It received an A in the 2021 business performance assessment for central enterprise executives and an A in the 2019–2021 term assessment. It was 85th on the Fortune Global 500 list in 2022, up 16 places from the previous year.
In 2021, China Energy had an asset value of 1.9 trillion yuan, revenues 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 464 million GJ of heat. 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 deployments of the CPC Central Committee and the State Council. It has made unremitting efforts to promote stability on six key fronts, maintain security in six key areas, fulfill its political and social responsibility of ensuring energy supply and security, and give full play to the advantages of its 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.
Founded: 2017
Address: 22 West Binhe Road Andingmen Dongcheng District Beijing, 100011 China
Market cap: $226.7 billion
Revenue in 2021 (TTM): $226.7 billion
Website: https://www.ceic.com/gjnyjtwwEn/
