On August 3, at Beijing time, the 2022 Fortune Global 500 List was unveiled. With the annual operating revenues of US$120.012 billion for 2021, Shandong Energy Group has been on the list for 2 consecutive years since reorganization, ranking the 69th in the list and the first among all Shandong’s companies on the list.
In 2021, confronted with raging pandemic and complex, volatile economic landscape, arduous reorganization work, and tremendous pressure on security and stability, SDE has conscientiously implemented the decisions and deployments of the CPC Shandong Provincial Committee and the Provincial Government, focused on reform, innovation, transformation and upgrading, and steadily promoted reorganization in 5 major aspects, i.e. institutional streamlining, industrial specialization, regional intensification, resource synergy and cultural integration. While making its pillar industries stronger, SDE will explore potentialities for innovative development, optimize the market-oriented management mechanism, and give full play to the leading role of party building. In line with this, SDE has written a satisfactory chapter in the course of overcoming difficulties, and realized high-quality development and a good start in the "14th Five-Year Plan".
In 2021, SDE secured the No.1 ranking among all provincial enterprises in Shandong in terms of operating revenue, profits and taxation, and was the only enterprise in Shandong province with both total assets and operating revenue up to RMB750 billion. Also SDE was rated as “Corporate Governance Demonstration Enterprise” by the State-owned Assets Supervision and Administration Commission of the State Council.
In the first half of 2022, SDE hit new highs in terms of its major operating indicators and the details are as follows:
SDE realized operating revenues of RMB420.8 billion and paid taxation and fees of RMB27.3 billion, increased by RMB33 billion and RMB13.5 billion respectively as compared with the corresponding period of the previous year. By the end of June 2022, the total assets of SDE reached RMB714.9 billion, increased by RMB65.4 billion as compared with the corresponding period of the previous year. Besides, SDE has made breakthroughs in six key areas, namely the upgrading of traditional industries, the fostering of emerging industries, business integration and synergy, mechanism and system reform, major targets promotion as well as the cultivation of a harmonious and stable work environment. In addition, SDE has successfully completed the coal reserve task deployed by the provincial government and guaranteed coal supply in peak summer.
