
JZEG

JZEG
Jizhong Energy Resources Co., Ltd. (legal English name Jizhong Energy Resources Co., Ltd.) (hereinafter referred to as the "Company"), formerly known as Hebei Jinniu Energy Co., Ltd., was approved by the former State Economic and Trade Commission and the China Securities Regulatory Commission and was approved by Xingtai. Mining (Group) Co., Ltd. (hereinafter referred to as Xingmin Group) initiated a joint stock company established by fundraising with its net assets of the three mines of Dongpang Mine, Xingtai Mine and Gequan Mine. The company issued 100 million RMB common shares on August 6, 1999, and was registered and established with the Hebei Provincial Administration for Industry and Commerce on August 26, 1999. The company's stock was listed and traded on the Shenzhen Stock Exchange on September 9, 1999 with the stock code "000937".
After the company went public, it used 780 million yuan to build Xingdong Mine, acquire Zhangcun Mine and Xiandewang Mine, initially laying the foundation for the company's main coal business. In 2003, we used our own funds to build a glass fiber company, and carried out technical transformation of the cement plant, and developed the company's non-coal business. In 2004, it successfully issued convertible corporate bonds to the public to raise 700 million yuan, acquired three power plants of Xingmin Group, established the gangue thermal power plant of Hebei Jinniu Energy Co., Ltd., and also participated in the Zhangcun Mine Power Plant, Dongpang Mine, Gequan Mine and Zhangcun Mine have undergone technical transformation, expanding the company's business scope and production scale.
On June 24, 2005, as a pilot unit, the company took the lead in completing the reform of equity split. It has played a positive demonstration role for state-controlled listed companies that have carried out subsequent share reforms, and has made positive and beneficial explorations for my country's securities market to solve historical problems.
In December 2005, Xing Mining Group and Handan Mining Group jointly reorganized and established Hebei Jinniu Energy Group Co., Ltd. (hereinafter referred to as "Hebei Jinneng Group"). On March 5, 2006, Hebei Jinneng Group made a decision to improve the company's management level and improve the company's management level. On August 23 of the same year, with the approval of the China Securities Regulatory Commission and the Hebei Provincial State-owned Assets Supervision and Administration Commission, the company's state-owned legal person shares were transferred from Xingmin Group to Hebei Jinneng Group, and the company's controlling shareholder was changed from Xingtai Mining (Group) Co., Ltd. to Hebei Jinniu Energy Group. A limited liability company has become a listed company that successfully implements the transfer of state-owned equity after achieving full circulation.
In December 2007, the company won 40.85% of the equity of "Cangzhou Chemical Industry Co., Ltd." (hereinafter referred to as Canghua Co., Ltd.) for RMB 70.1 million, becoming its largest shareholder. In May 2008, Canghua Co., Ltd. was officially renamed "Hebei Jinniu Chemical Co., Ltd." and successfully reorganized and acquired Canghua Co., Ltd.
On June 30, 2008, Hebei Jinneng Group and Fengfeng Group achieved a strong alliance and successfully established Jizhong Energy Group Co., Ltd. (hereinafter referred to as "Jizhong Energy Group"), and Hebei Jinniu Energy Co., Ltd. became Jizhong Energy Group. a holding subsidiary.
On July 31, 2009, the China Securities Regulatory Commission officially approved the company's plan to issue stocks to Fengfeng Group, Handan Mining Group and Zhang Mining Group, realizing the overall listing of Jizhong Energy Group's coal business. On January 12, 2010, the company name was changed from Hebei Jinniu Energy Co., Ltd. to Jizhong Energy Co., Ltd. On June 9, 2010, the company's new stocks were listed on the Shenzhen Stock Exchange. Through this major asset restructuring, the company has added 9 new pairs of production mines, three coal washing plants and assets related to the coal business. The company's total assets will soar to 19.02 billion yuan, an increase of 71.19%, and the mining reserves will increase by 292.0609 million tons. The approved production capacity increased by 12.54 million tons/year.
In July 2014, the company issued 405,228,758 common shares to Jizhong Energy Group, increasing its registered capital by 405 million yuan. In 2015, the company used capital reserve fund to convert 3 shares to all shareholders for every 10 shares, and added new registrations. Capital is 815 million yuan.
The company has 14 subsidiaries, involving four major industrial sectors: coal, chemical, electricity and building materials. Among them, the coal sector is the company's pillar industry, with 19 mines under the jurisdiction of five mining areas: Xingtai, Handan, Fengfeng, Shanxi and Inner Mongolia, with a total geological reserve of 2.931 billion tons, an annual approved production capacity of 32.65 million tons, and a high-quality coking coal. /3 Coking coal, fat coal, gas fertile coal and lean coal are the main ones. The chemical sector has two companies: Julong Chemical, which has an annual production capacity of 630,000 tons of PVC, 200,000 tons of caustic soda, and Taurus Tianti, which has an annual production capacity of 1.5 million years of coke. The power sector has a comprehensive gangue utilization power plant with a total installed capacity of 63,000 kilowatts. The building materials sector is mainly Jinniu Glass Fiber Company with an annual production capacity of 85,000 tons of glass fiber and Jizhong New Materials Company with an annual production capacity of 200,000 tons of glass fiber.