Shandong Energy Group Co., Ltd. (SDE) is a large state-owned energy enterprise in Shandong Province, China, newly incorporated in July 2020, upon an agreed merger between the former Yankuang Group and the former Shandong Energy Group. SDE owns more than 20 second-level subsidiaries, including Yankuang Energy Group, Xinwen Mining Group and Zaozhuang Mining Group, 11 public companies listed at home and abroad, as well as 973 holding subsidiaries, with a 210,000-strong workforce. In 2023, the total assets of the SDE exceeded RMB1 trillion, with RMB852 billion of operating revenues. Simultaneously, the revenues, profits, and taxes ranked first among all Shandong provincial SOEs.

Meanwhile, SDE was selected as the “National Civilized Unit” and the“Corporate Governance Demonstration Enterprise” by the State-owned Assets Supervision and Administration Commission of the State Council. SDE was rated as the 72nd on 2023 Global Fortune 500 List, the 22nd on China Top 500 Companies List and the 1st among China Top 50 Coal Companies. SDE focuses on six pillar industries of mining, high-end chemicals, electric power, new energy and new materials, high-end equipment manufacturing, and modern logistics and trade.SDE’s annual production capacity of coal at home and abroad totals 340 million tons, and its coal output ranks the third in China’s coal industry. The intelligence caliber of mines is taking the lead across the industry, with 9 mines selected into the first batch of intelligent demonstration mines at national level. For the chemical industry, SDE has built "five chemical industrial bases", namely Jining coke gasification base, Lunan high-end new chemical materials & deep processing base, Yulin high-end coal-to-liquid base, Ordos coal-based new chemical materials base and Xinjiang coal-chemical integration base, with the output of high-end chemical products such as polyformaldehyde, caprolactam and glycol reaching 16 million tons. For the electric power industry, a number of plants with large capacity and high parameters have been built, with 16,000 MW of installed capacity (under operation and construction). For the new energy industry, SDE has established a provincial level investment platform, and advanced the integrated development of wind power, PV power, hydrogen power and energy storage as well as the coordinated development of power generation, transmission, loading, and storage. Now, the Middle Bohai Sea 900 MW offshore wind power farm operates in full capacity and is connected to the power grid, making it one of China’s top five offshore full-capacity grid-connected power generation project during the "14th Five-Year Plan" period. For the new materials industry, SDE owns industrial clusters of calcium-based new materials, high-end petrochemical and new materials, and new fiber composite materials. Shandong Fiberglass Group ranks No.4 nationwide in terms of fiberglass production capacity. The high-end nylon industry of SDE is listed as key support project by the Ministry of Industry and Information Technology of the PRC. For the high-end equipment manufacturing industry, SDE developed and produced the comprehensive hydraulic support test bench with the largest loading capacity and the most complete functions in the China.Yankuang Donghua Heavy Industry Co., Ltd., a subsidiary of SDE, serves as a global supplier of Caterpillar for its hydraulic supports. For the modern logistics and trade industry, SDE remains committed to serving the real economy, and owns Shandong International Commodity Exchange, Shandong Electronic Port Co., Ltd., Hainan International Energy Exchange and other trading platforms.  

At the heart of everything SDE does are General Secretary Xi Jinping's instruction of helping SOEs get stronger, do better and grow bigger, as well as the deployment of the CPC Shandong Provincial Committee and Shandong Provincial Government. Meticulous actions will be taken to deepen SOE reform, and use new industrialization as the engine to create new-quality productive forces. SDE endeavors to build a brand-new modern SOE that features “new development model, new corporate governance, new operation mechanism and new business structure”, and contribute Shandong Energy’s efforts to the "Shandong Practice" of exploring a Chinese path to modernization.