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Shaanxi Yulin Energy Group Co., Ltd., referred to as "Yuneng Group", is a large-scale state-owned energy enterprise.
Yuneng Group is headquartered in Yulin City, Shaanxi Province, with total assets USD 7.7 billion and annual revenue USD 2.7 billion. Yuneng Group’ main business fields include coal mining, thermal power, coal chemical industry, new energy, and trade. It has an annual coal production capacity of 30 million tons. Yuneng Group strives to build a first-class comprehensive energy enterprise with international competitiveness to achieve its high-quality development.
Shaanxi Yulin Energy Group Coal Import and Export Co., Ltd. (referred to as YEIEC) and Shaanxi Yulin Magnesium Industry (Group) Co., Ltd. (referred to as SYMIC) are member enterprises of Yuneng Group and respectively undertake their own business functions.
YEIEC locates in the hinterland of Shenfu Coalfield and the intersection of three provinces. The company's Yanghuopan Coal Mine currently has an annual coal production capacity 8 million tons, and the produced coal exports to Japan, South Korea, Taiwan and other regions. The company's international trade department undertakes international trade functions. Its main business scope now are the import of large machinery and equipment and the export of material products, e.g. ferrosilicon, blue carbon, semi-coke, coal tar, coal chemical products. Relying on the strong capital strength and professional import and export team, the company has established extensive business cooperation with suppliers and purchasers from all over the world.
SYMIC is a mixed-ownership enterprise equity-participated by Coal Import and Export Co., Ltd. and 20 major main magnesium producers in Shenfu area, whose magnesium production capacity reaches 550,000 tons per year, the annual blue carbon production capacity at 16,500,000 tons and the annual ferrosilicon production capacity at 550,000 tons. The company has unique capital and scale advantages, and is committed to build a world-renowned enterprise covering the entire industrial chain of metal magnesium production, that includes product research and development, production, trade, warehousing, deep processing, investment and financing. Currently, SYMIC’s international business field includes high-purity magnesium ingots, magnesium alloys, and various related products. By the end of 2021, the company's annual export volume reached 4,500 tons and annual sales revenue achieved USD 23 million.
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