Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi.
 | |
| Company type | subsidiary |
|---|---|
| Industry | Coal |
| Founded |
|
| Headquarters | Wanbailin District, Taiyuan , China |
Area served | China |
| Products | Coal, coke, electricity and cement[1]: 2 |
| Revenue |  CN¥78.5 billion (2015) |
| (CN¥148.7 million) (2015) | |
| Total assets |  CN¥90.5 billion (2015) |
| Total equity | CN¥10.0 billion (2015) |
| Owner |
|
Number of employees | 81,393 (2015) |
| Parent | Shanxi Coking Coal Group |
| Divisions | 30 divisions |
| Subsidiaries | 32 subsidiaries |
| Footnotes / references in a consolidated basis; net profit including minority interests.[1]: 22 [2] | |
| Xishan Coal Electricity (Group) Co., Ltd. | |||
|---|---|---|---|
| Simplified Chinese | 西山煤电(集团)有限责任公司 | ||
| Traditional Chinese | 西山煤電(集團)有限責任公司 | ||
| |||
The company was the parent company of listed company Xishan Coal and Electricity Power. However, in 2001 all the stake were transferred to its parent company Shanxi Coking Coal Group.[3]
Claimed by the subsidiary itself, the subsidiary is China's largest and the world's second largest coking coal production enterprise; It involves coal mining and processing, coal mining machine manufacturing, and electricity equipment repair.[4]
In 2015 Xishan Coal Electricity Group produced 47.50 million tons of coal, 5.471 million tons of coke and 12.09 billion kWh of electricity.[1]: 58
History
editXishan Coal Electricity (Group) Co., Ltd. was founded in 1956 as Xishan Mining Bureau (Chinese: 西山矿务局). In 1998 the organization was incorporated as a limited company.[5] In 1999 a subsidiary Xishan Coal and Electricity Power was incorporated and floated on Shenzhen Stock Exchange in 2000.[5][6] The listed subsidiary received 3 mines in Gujiao from the group (Chinese: 西曲矿,马兰矿, 镇城底矿) as well as three corresponding coal preparation plants (Chinese: 选煤厂).[5] The capital raised from the IPO was used to acquire 1 additional mine (Chinese: 西铭矿) and two factories from Xishan Coal Electricity Group.[5]
Xishan Coal Electricity Group became a subsidiary of Shanxi Coking Coal Group in 2001. The stake in the listed company was also transferred from Xishan Coal Electricity Group to the parent company that year.[3]
In 2009, one of the mine (Chinese: 屯兰煤矿) of Xishan Coal Electricity Group in Gujiao had a pre-dawn explosion.[7] In the same year, a coking factory (Chinese: 西山煤气化; lit. 'Xishan Coal Gasification') which produce coke and coal gas was sold to the listed company. The factory was the only provider of coal gas in Gujiao.[8]
Some of the mines of Xishan Coal Electricity Group was not injected to the listed company, such as two mines in Gujiao (aforementioned mine with 2009 mine blast and Chinese: 东曲矿).[7] According to Xishan Coal Electricity Group, they were located in 3 different area. (Xishan, River East, West Huo Chinese: 西山,河东, 霍西)[1]: 2 but according to the publication of the National Energy Administration of China, the production capability per year for three mines (Chinese: 德顺煤业, 亚辰煤业, 晟聚煤业) were disclosed with a capability of just 1.8 million tons of coal per year in 2015.[9] Moreover, the two mines in Gujiao, which had a combined 9 million tons capability per year, were listed under parent company Shanxi Coking Coal Group instead.[9] However, the list of National Energy Administration was incomplete, which may not reflected the true situation.
Equity investments
editXishan Coal Electricity Group was also the minority shareholder of the Coca-Cola bottler in Shanxi (as in 2015).[10] (Coca-Cola (Shanxi))
Shareholders
editThe other shareholders of Xishan Coal Electricity Group were China Construction Bank, China Cinda Asset Management and China Orient Asset Management. They acquired the stake by debt-to-equity swap.[11]
References
edit- ^ a b c d "西山煤电(集团)有限公司2015年度财务等重大信息公开内容" (PDF) (in Chinese). Xishan Coal Electricity Group. 30 June 2016. Retrieved 3 November 2016.
- ^ "2015 Annual Report". Shanxi Coking Coal Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 November 2016.
- ^ a b "西山煤电：公司控股股东变更的提示性公告". Xishan Coal and Electricity Power. Shenzhen Stock Exchange. 15 October 2001. Retrieved 3 November 2016.
- ^ "西山煤电集团公司简介" [About Xishan Coal Electricity Group] (in Chinese). Shanxi Coking Coal Group. Retrieved 1 November 2016.
- ^ a b c d "Prospectus". Xishan Coal and Electricity Power (in Chinese). Republished by 163.com. 21 July 2000. Retrieved 3 November 2016.
- ^ "走近西山" [About us] (in Chinese). Xishan Coal Electricity Group. October 2016. Retrieved 1 November 2016.
- ^ a b "公告" [Press Release] (PDF). Xishan Coal and Electricity Power (in Chinese). Shenzhen Stock Exchange. 24 February 2009. Retrieved 4 November 2016.
- ^ "企业简介" [About us] (in Chinese). Xishan Coal Gasification. Retrieved 8 November 2016.
- ^ a b "山西省煤矿生产能力情况(截至2015年底)" [Production capability of coal mines in Shanxi Province (as at 31 December 2015)] (PDF) (in Chinese). National Energy Administration. 28 April 2016. Retrieved 2 November 2016.
- ^ Shanxi government database (in Chinese) Accessed on 3 November 2016
- ^ Shanxi Government Database (in Chinese) accessed on 2 November 2016
