Is Jining Energy a State-owned Enterprise?

Yes Jining Energy Development Group is a key state-owned enterprise in Jining. Founded in 2008, the group's main business covers port and shipping logistics, coal and electricity (new energy), high-end manufacturing, modern service industry and other fields. With a registered capital of 5.5 billion yuan, the Group has a number of wholly-owned, holding and shareholding subsidiaries, with total assets exceeding 654.38+09.888 billion yuan and about 654.38+07 million employees. Jining Energy Development Group Co., Ltd. is one of the top 500 enterprises in China and the backbone enterprise directly under Jining City. It is a large-scale energy enterprise integrating coal mining, electric power, chemical industry, metallurgy, building materials, machinery manufacturing and land and water port transportation, with cross-regional, cross-industry, diversified operation and self-supporting import and export rights.