Is Yankuang Group a state-owned enterprise or a central enterprise?

Yankuang Group is a state-owned enterprise.

Yankuang Group generally refers to Shandong Energy Group Co., Ltd. Shandong Energy Group Co., Ltd. is a large-scale energy enterprise group jointly reorganized by Yankuang Group and Shandong Energy Group with the approval of Shandong Provincial Party Committee and Provincial Government in July 2020.

Introduction of yankuang group:

Yankuang Group owns more than 20 secondary enterprises such as Yankuang Energy, Xinkuang Group and Zaokuang Group.

Shandong Energy Group takes mining, high-end chemicals, electric power, new energy and new materials, high-end equipment manufacturing and modern logistics trade as leading industries. The approved production capacity of domestic and international coal industry is 340 million tons/year, ranking third in the national coal industry; Intelligent mining technology, independent research and development of the world's first high-reliability 5G private network system for mining, and construction of nine first-batch national intelligent demonstration mines. Output of high-end chemical products such as polyformaldehyde, caprolactam and ethylene glycol in chemical industry160,000 tons. A number of large-capacity and high-parameter units have been built in the power industry, with an existing installed capacity and a capacity under construction of 20 million kilowatts. The new energy and new materials industry will build a provincial-level new energy investment platform and actively and orderly develop the 4 million kilowatts offshore wind power project in Bozhong.