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Is Jizhong Energy a State-owned Enterprise?
Jizhong Energy Co., Ltd. is a large-scale state-owned enterprise with coal as its main business and many industries such as medicine, modern logistics, chemical industry, electric power and equipment manufacturing. It owns seven coal-producing subsidiaries and five non-coal subsidiaries, holds three listed companies, namely Jizhong Energy, Huabei Pharmaceutical and Jinniu Chemical, and owns 1 financial company. Since 20 1 1, it has been ranked among the top 500 in the world for the first time and has been on the list for 8 consecutive years. Jizhong Energy Group Co., Ltd. is a wholly state-owned company approved by the People's Government of Hebei Province. In June 2008, it was reorganized by Hebei Jinniu Energy Group Co., Ltd. and Fengfeng Group Co., Ltd. In June 2009, Jizhong Energy Group reorganized North China Pharmaceutical Group Co., Ltd., which is a wholly state-owned company approved by Hebei Provincial People's Government. In June 2008, it was reorganized by Hebei Jinniu Energy Group Co., Ltd. and Fengfeng Group Co., Ltd. In June 2009, Jizhong Energy Group reorganized North China Pharmaceutical Group Co., Ltd.
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