Strategic Restructuring! China Pingmei Shenma Holding Group Co., Ltd. Officially Unveiled

On January 16, 2026, the unveiling ceremony of China Pingmei Shenma Holding Group Co., Ltd. (hereinafter referred to as "China Pingmei Shenma Group") was held in Zhengzhou. This marks a significant milestone in the strategic restructuring of Henan Energy Group and Pingmei Shenma Group, embarking on a new journey toward building a world-class enterprise.

Three days ago, the State-owned Assets Supervision and Administration Commission of Henan Provincial People's Government (Henan SASAC) officially signed a capital increase agreement with Henan Energy Group and China Pingmei Shenma Group. According to the agreement, Henan SASAC will inject its 100% equity in Henan Energy Group into China Pingmei Shenma Group. Upon completion of the capital increase, Henan Energy Group will become a wholly-owned subsidiary of China Pingmei Shenma Group.

Li Mao, Party Secretary and Chairman of China Pingmei Shenma Group, introduced the details of the strategic restructuring on site.

After the restructuring, China Pingmei Shenma Group's total assets reach 590 billion yuan, with an operating revenue of nearly 300 billion yuan. It owns five listed companies. Its main coking coal products and tire cord fabric capacity are world-leading. Its nylon 66 salt and engineering plastics capacity rank among the top in Asia. Its anthracite quality, polyoxymethylene, silane gas, and ultra-high power graphite electrode capacities are among the best in China. The group boasts coal reserves of over 30 billion tons and rock salt reserves of 2.3 billion tons, laying a solid foundation for high-quality development in terms of resources and industries.

As the largest strategic restructuring of competitive enterprises in Henan Province's history in terms of asset scale, this powerful alliance aims to break through industrial development bottlenecks through resource integration and complementary advantages. It will facilitate the extension and strengthening of the coal industry chain, enhance the quality and efficiency of the chemical industry, and enable the new materials industry to seize opportunities, thereby promoting new advancements in coal and electricity security, clean energy development, and integrated wind, solar, and storage systems. This initiative will powerfully support the construction of Henan Province's modern industrial system.