Shenhua Group
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Date: 2022-01-23

Shenhua Group, by Wikipedia https://en.wikipedia.org/wiki?curid=10124231 / CC BY SA 3.0

#Coal_companies_of_China
#Defunct_government-owned_companies_of_China
#Electric_power_companies_of_China
#Companies_established_in_1995
#Re-established_companies
#Defunct_energy_companies_of_China
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 tonnes of coal and sold 588 million tonnes 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 will be jointly restructured, with Shenhua Group becoming China Energy Investment Corporation and absorbing China Guodian Corporation.
The predecessor of the company was a subsidiary of China Huaneng Group, called 华能精煤公司 （sometimes translated as Huaneng Coal Corporation）.
China Huaneng Group was found in 1989 as a holding company for a series of companies that were found in 1980s for a "coal for petroleum" project, replacing the use of petroleum to coal in power plant.
In 1993, China Huaneng Group was under the dual directorship of the Ministry of Power Industry and the State Planning Committee, both departments of the State Council of the People's Republic of China.
Previously China Huaneng Group was under the sole directorship of the State Planning Committee.
In 1995, Shenhua Group was founded as a separate corporation that under the provisional directorship of the State Planning Committee.
After the formation of the State-owned Assets Supervision and Administration Commission of the State Council （SASAC）, Shenhua Group was under the direct supervisi...