Three More Divested! Shandong Energy Group's Guizhou Mining Business Plans to Sell Another Subsidiary

(Source: China Electric Power News)

Reprinted from China Electric Power News

The target company lost over 100 million yuan this January

After transferring two mining companies, Shandong Energy Group Guizhou Mining Co., Ltd. (hereinafter referred to as “Shaneng Guizhou Mining”) is again planning to transfer shares and claims of a mining company.

On March 17, the Shandong Property Rights Exchange Center pre-disclosed the transfer information of 60.0024% equity and claims of Guizhou Xingyang Mining Co., Ltd. (hereinafter “Xingyang Mining”), with the transferor being Shaneng Guizhou Mining.

The transfer information shows that Xingyang Mining was established in 2010, with a registered capital of 167 million yuan. The legal representative is Han Bin, and its registered location is Bijie City, Guizhou Province. Its business scope includes coal mining and sales, development and utilization of gas shale and coal seam gas, and mine safety technical consulting services.

From the equity structure, besides Shaneng Guizhou Mining, Guizhou Antai Zhongcheng Energy Co., Ltd. holds 39.9976% of Xingyang Mining.

Financial indicators show that in 2025, Xingyang Mining’s operating income, total profit, and net profit were 20.4466 million yuan, 1.2972 million yuan, and 1.2972 million yuan, respectively. In January 2026, its operating income, total profit, and net profit were 0 yuan, -113 million yuan, and -113 million yuan. As of January 31, 2026, Xingyang Mining’s total assets, total liabilities, and owners’ equity were 324 million yuan, 535 million yuan, and -211 million yuan.

Shaneng Guizhou Mining was established in 2012, with a registered capital of 2 billion yuan. The legal representative is Zhang Yanwei, and its registered location is Guiyang City, Guizhou Province.

From the equity structure, Shandong Energy Group is the major shareholder of Shaneng Guizhou Mining, directly holding 70.35%. Its subsidiaries Zaozhuang Mining (Group) Co., Ltd. holds 23.68%, and Xinwen Mining Group Co., Ltd. holds 5.97%.

According to Shaneng Guizhou Mining’s official website, the company’s total assets amount to 8.523 billion yuan, and it has been rated as a “AAA” credit level enterprise in the coal industry in 2012.

Since 2004, Shandong Energy New Mine Group, Zaozhuang Mining Group, and Fei Mining Group have successively entered Guizhou, mainly focusing on coal mine development and construction, while also developing gas comprehensive utilization projects, supporting construction and maintenance, processing, power (equity participation), catering, and accommodation, actively participating in local economic and social development.

In 2011, Shandong Energy Group restructured and integrated assets in Guizhou, establishing Guizhou Mining Company to coordinate resource development. The original 15 mines of Guizhou Mining Company have closed or exited 9, with 1 resource integrated; it owns 5 exploration areas in Qingzhen and Niuchang, covering 175.36 square kilometers; proven coal resources amount to 1.174 billion tons, and coalbed methane resources total 9.747 billion cubic meters.

Notably, in July 2025, Shaneng Guizhou Mining listed on the Shandong Property Rights Exchange Center to transfer 100% state-owned property rights and claims of Guizhou Shendian Mining Development Co., Ltd.; in February this year, it transferred 85% of the state-owned property rights and claims of Zhijin Dazheng Energy Development Co., Ltd., in which it holds shares. (Liu Yong)

Editor: Shen Xinrui