Yankuang Energy Group Co Ltd - Company Profile
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Business Description
Yankuang Energy Group Co Ltd (Yankuang), a subsidiary of Yankuang Group Corp Ltd, is a mining company. It produces, processes, and sells coal and coal-related chemicals. It offers thermal coal, coking coal and PCI coal in China, Australia, Japan, Thailand, South Korea and other countries. The company supplies coal to the industries of energy, chemical and metallurgy sectors. It supplies coal chemicals including acetic acid, methanol, ethyl acetate, crude liquid wax and glycol in the areas of Inner Mongolia Autonomous Region, Shaanxi Province and Shandong Province.
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R&D Overview
Yankuang focuses on investing in new technology to develop high-performing and energy-efficient products. The company’s R&D focuses on new products, technologies, advanced materials and process improvements for meeting customer requirements. It carries out its R&D activities with 3,516 personnel. The company has made technology its primary driving force to improve productivity and has successfully implemented innovation-driven development strategy. It focuses on advancing research and upgrading technologies to boost its innovation capability. Its R&D have resulted in the establishment of two national R&D platforms: the National Enterprise Technology Center and the Postdoctoral Research Station, along with several provincial and ministerial R&D platforms and high-tech enterprises. Moreover, in FY2022 the company had 262 patents including 26 inventions, 233 utility models, and 3 external designs as well as software copyrights obtained during the year. In FY2022, Yankuang’s R&D expenses stood at CNY2,117.2 million on R&D, which was 1.4% of the company’s revenue.
Business Segments
- Chemical Products
- Coal Mining
- Methanol, Electricity and Heat Supply
- Electricity and heat supply
- Equipment Manufacturing
- Smart Logistics
Overview
Produces and sells methanol and other chemicals.
Performance
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Overview
Carries out underground and open-cut mining, processing and sale of coal. Also, carries out potash mineral exploration. Operates coal mines such as Xinglongzhuang, Baodian, Nantun, Dongtan, Zhaolou, Jining II, Jining III, Tianchi and Yangcun in China. Supplies coal products to electric power plants, metallurgical mills, construction material producers and railway companies.
Performance
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Overview
Offers services related to the supply of heat and electricity. Owns and operates seven power plants, which generate electric power for internal use as well as for selling the rest of the electricity to end-users through local grids.
Performance
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Overview
Manufactures coal mining and excavating equipment. - Also involves in leasing, sales and maintenance of mechanical and electrical equipment such as road headers, hydraulic supports, frequency converters and coal shearers.
Performance
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Overview
Provides coal transportation services through railways, roadways and through the sea.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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