Yankuang Energy Group Co Ltd (Yankuang) is a mining company. It operates in mining, high-end chemicals and new materials, new energy, equipment manufacturing, and intelligent logistics. The company's business portfolio includes coal mining, smart logistics, coal chemical, electricity and heat supply, and equipment manufacturing. The coal business is distributed across Shandong, Shaanxi, Inner Mongolia, Xinjiang, and Australia, with products such as thermal coal, PCI coal, and coking coal. The chemical business produces methanol, acetic acid, ethyl acetate, caprolactam, urea, ethylene glycol, naphtha, and crude liquid wax. The company operates 23 coal mines in production and one under construction, with an annual production capacity of 160 million tons. It also owns potash mining leases in Canada. Its products are sold in China, Japan, South Korea, Australia, and other countries.

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Yankuang has undertaken R&D initiatives, including the development of advanced core technologies in deep mine extraction and intelligent comprehensive mining. The company has achieved international leadership with projects such as the '4000-ton Gasification Demonstration Unit' and has established the first domestic million-ton indirect liquefaction demonstration facility. The project 'complete set of technology and engineering application of digital and intelligent high-efficiency mining of deep coal' won the Second Prize of the National Technological Advancement. In FY2024, the company was awarded the second-tier prize of the State Scientific and Technological Progress Award and granted 521 patents and software copyrights. The R&D units of Yankuang include the National Enterprise Technology Center, the Postdoctoral Research Station, and the Coal Mine Intelligent Mining R&D Center. These units are responsible for managing the company's R&D activities. The company established 22 provincial and ministerial-level high-end R&D platforms and 18 high-tech enterprises. It has been granted 521 patents and software copyrights, including 115 inventions, 381 utility models, and 3 designs. The company has also obtained 22 software copyrights and 62 awards on technology at or above the provincial and ministerial level. In FY2024, the company's R&D expenses stood at CNY2,735.0 million on R&D, which was 2.0% of the company’s revenue.