Shenhua Group

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Shenhua Group

Company type	State-owned enterprise
Industry	Energy
Predecessor	Huaneng Coal Corporation
Founded	1995 (1995)
Defunct	2017
Fate	Merged with China Guodian
Successor	China Energy Investment
Headquarters	Beijing , China
Area served	China
Key people	Chairman: Zhang Yuzhuo
Products	Coal, electricity, transportation (rail and ocean), polyethylene, polypropylene
Services	Coal production, transportation, Electricity generation
Owner	Chinese Central Government
Number of employees	~210,000
Parent	SASAC
Subsidiaries	China Shenhua Energy
Chinese name
Simplified Chinese	神华集团有限责任公司
Traditional Chinese	神華集團有限責任公司
Transcriptions Standard Mandarin Hanyu Pinyin Shénhuá Jítuán Yǒuxiàn Zérèn Gōngsī
Chinese short name
Simplified Chinese	神华集团
Traditional Chinese	神華集團
Transcriptions Standard Mandarin Hanyu Pinyin Shénhuá Jítuán
Website	shenhuagroup.com.cn

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.^{[citation needed]} In 2014 Shenhua Group produced 437 million tons of coal and sold 588 million tons 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 would be jointly restructured, with Shenhua Group becoming China Energy Investment Corporation and absorbing China Guodian Corporation.^[1]