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Company Profile

Founded in 1997, Yankuang Energy Group Company Limited (“Yankuang Energy” or “The Company”) takes mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics as pillar industries. It is the only mega-sized energy enterprise in China that enjoys four major listing platforms in China and beyond (Shanghai, Hong Kong, New York, Australia).In 2021, the Company produced 105million tons of salable coal and 5.79 million tons of chemicals. In accordance with Chinese Accounting Standards, the Company achieved an operating revenue of RMB152 billion and the net profit attributable to the Shareholders of the Company reached RMB16.3 billion for the year 2021. As at the end of 2021, the Company registered a total asset of RMB288.7 billion and the net asset attributable to the Shareholders of the Company amounted to RMB68.2 billion.[ more]

Business Overview

Yankuang Energy fully implements the New Development Philosophy, seek both external and internal improvement, and pay equal emphasison industrial operation and capital operation, fostering five major industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics, and building three major operating bases of Shandong, Shaanxi &Inner Mongolia and Australia. Looking ahead, it will work to achieve an annual coal production capacity of 300 million tons in 5-10 years, and build more than 8 green and intelligent mining coal mines each with a production capacity ofover 10 million tons.The annual output of chemicals products will exceed 20 million tons. The vision is to realize 3million kW of installed capacity of wind and solar power by the end ofthe “fourteenth five-year plan” (2021-2025), and 10million kW in 5-10 years.[ more ]

Company News

Investor Relations

The Company always adheres tohigh standards in building good investor relations, continues to enrich and optimize communication channels and methods such as performance roadshow, investment strategy meeting, on-site meeting, telephone meeting, investor hotline, company email and SSE E-Interactive, and constantly improves the effectiveness and timeliness of the interaction with investors, and proactively launches news reports, performance reports, performance roadshow materials and other information through the website, WeChat and other new media platforms, which has realized positive interaction between the Company and the capital market.[ more ]

Sustainable Development (ESG)

Yankuang Energy is firmly committed to green, low-carbon and sustainable developmentconstantly with a highly responsible attitude towards customers, employees, shareholders, suppliers, partners and society.As one of the firstgroupcompanies publicly disclosed both inShanghai Stock Exchange and Hong Kong Stock Exchange,it has voluntarily disclosed the ESG Report for 14 consecutive years so far. In 2021, it ranked the first in China's coal industry in the international Carbon Disclosure Project (CDP) and the fifth in the global coal industryin the S&P Global Corporate Sustainability Assessment (CSA), winning the title of industry model among China's carbon companies. In 2022, it was selected on the list of the Forbes 2022 China ESG 50.[ more ]

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Company Profile

Internal control

Building an internal control system is not only the inherent demand for consolidating the Company’s strength and international competitiveness, but also the investors’ basic requirements on corporate governance.

In 2006, the Company established an effective internal control system in accordance with the requirements of US Sarbanes-Oxley (SOX) Act, Guidance on Internal Control of Listed Companies bySSE and Listing RulesbyHKEX.Starting from 2011, the Company officially implemented Corporate Internal Control Guidelines jointly issued by the Ministry of Finance and the other four ministries.

In accordance with the above provisions and the reality, the Company has successively formulated Internal Control System Design and Application in 2007, Quantitative Assessment Standards for Internal Control in 2010,Basic Internal Control Standards in 2011, Internal Control System Operation Management Measures (Trial) in 2013 and other related provisions on internal control, which has led to the continuous improvement of corporate internal control system and its operating procedures.

The Board of Directors of the Company takes responsibilities for the establishment, improvement and effective implementation of the internal control system. The Audit Committee of the Board are held responsible for reviewing and supervising the effective operation, continuous improvement and self-evaluation of the internal control system of the Company, and coordinating the external audit institutions to audit the Company regarding the implementation of the internal control and other related matters. The Supervisory Committee supervises the Board of Directors in terms of establishing and implementing the internal control system. And the management team takes charge of the daily operation of the internal control system.

The Company has set up specialized departments that are responsible for the daily operation, supervision and management of internal control. The major participants include Audit & Risk Management Department, Financial Management Department, Human Resources Department, Investment and Development Planning Department as well as the Secretariat Office to the Board.

Starting from 2007, the Board of Directors conduct regular annual evaluations on the operation of the internal control system, and appoint domestic and oversea auditors to evaluate whether the internal control system of the Company comply with the requirements of US Sarbanes-Oxley (SOX) Act, and Corporate Internal Control Guidelines jointly issued by the Ministry of Finance and the other four ministries.Since 2007, both domestic and overseas auditors have unanimously agreed that the Company has maintained effective internal control over financial reports in all material aspects.

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