Shandong Energy Group is a large energy enterprise group established by the Shandong Provincial Party Committee and the Provincial Government in July 2020 to jointly reorganize the former Yanzhou Mining Group and the former Shandong Energy Group. It owns more than 20 secondary enterprises, including Yankuang Energy, Xinmine Group, Zaomine Group, 9 domestic and foreign listed companies, and 229,700 employees. In 2021, the operating income was 752.1 billion yuan, the total profit and tax amount was 53.1 billion yuan, and the total assets at the end of the year were 751.4 billion yuan; in the first half of this year, the operating income was 420.8 billion yuan, and the total profit and tax amount was 41.2 billion yuan.

Shandong Energy Group focuses on mining, high-end chemical industry, electricity, new energy and new materials, high-end equipment manufacturing, and modern logistics trade. The coal industry has a domestic and foreign production capacity of 340 million tons/year, ranking third in the national coal industry; intelligent mining technology is first-class in China, independently developing the world's first high-reliability 5G private network system for mining, and building 9 national-level intelligent demonstration mines . The output of high-end chemical products such as polyformaldehyde, caprolactam, and ethylene glycol in the chemical industry is 16 million tons. The power industry has built a number of large-capacity and high-parameter units, with an existing installed capacity of 20 million kilowatts. The new energy and new materials industry has built a provincial new energy investment platform, actively and orderly developed 4 million kilowatt offshore wind power projects in Bozhong area, and promoted the integrated development of wind, light, hydrogen storage, source, grid, load and storage. Donghua Heavy Industry, a high-end equipment manufacturing industry, has become a global supplier of Caterpillar hydraulic support products. The modern logistics and trade industry initiated the establishment of the Shandong International Commodity Trading Center, and the transaction volume of the Hainan International Energy Trading Center exceeded 600 billion yuan.

Looking to the future, Shandong Energy Group conscientiously implements the instructions of strengthening, improving and expanding state-owned enterprises, comply with the strategic requirements of "carbon peak and carbon neutrality", bravely assumes the main responsibility of ensuring energy security, optimizing energy layout, and optimizing energy structure, and expands Domestic and overseas layout, strive to be the "seven demonstrations" of state-owned enterprises' comprehensive strength, low-carbon transformation, structural optimization, corporate governance, scientific and technological innovation, security and stability, and party building culture, build clean energy suppliers and world-class enterprises, and strive to "14th" At the end of the Five-Year Plan, it developed into a "double trillion" enterprise group for assets and revenue.