with the approval of the cpc central committee and the state council, china energy investment corporation (china energy) was formally established on november 28, 2017, following the merger of china guodian corporation and shenhua group, both fortune global 500 companies. ranked 108th among the fortune global 500 in 2020, the corporation is a key state-owned enterprise (soe) directly supervised by the central government and a pilot state-owned capital investment company.
born of the largest central soes restructuring deal since the founding of the people鈥檚 republic of china in 1949, and being the first reorganized central soe after the 19th cpc national congress, china energy operates eight business segments including coal, thermal power, new energy, hydropower, transportation, coal chemicals, environmental technology and industrial finance. it is the world鈥檚 largest producer of coal, thermal power, wind power, as well as coal-to-liquids and coal chemical products.
china energy has 1.8 trillion yuan in assets and 350,000 employees. in 2019, it produced and sold 510 million tons and 670 million tons of coal respectively, generated 969 twh of electricity, and produced 15.93 million tons of oils and chemicals. it transported 460 million tons of freight by rail, 170 million tons by ship, and 250 million tons of seaborne coal through two ports.
guided by xi jinping thought on socialism with chinese characteristics for a new era, china energy will thoroughly implement the guiding principles of the 19th cpc national congress, and the decisions and plans made by the cpc central committee and the state council, striving to build itself into a world-class energy corporation with global competitiveness.