Panjiang Investment Holdings
| Company type | State-owned enterprise |
|---|---|
| Industry | Coal mining, energy, manufacturing, logistics, financial services, real estate, agriculture |
| Founded | 1966 |
| Headquarters | Guiyang , China |
| Products | Coal, natural gas, mechanical and electrical equipment, building materials |
Number of employees | 50000+ (2021) |
Panjiang Investment Holdings Group, previously known as Panjiang Coal and Electric Power Group (), is a Chinese enterprise specializing in coal mining and energy, with its headquarters located in Guiyang, Guizhou.
History
Established in 1966, this holding company engages in a diverse range of industries including coal and natural gas extraction, manufacturing and repair of mechanical and electrical equipment, production of building materials, mining machinery servicing, environmental protection initiatives, logistics, financial services, real estate development, and agricultural activities.
Its principal subsidiary, Guizhou Panjiang Refined Coal, founded in 1999 in Lupanshui, concentrates on coal mining, processing, and distribution both within China and internationally. This subsidiary provides coking coal and injection coal used in metallurgical and chemical sectors alongside thermal coal for power generation and cement manufacturing. The shares of Guizhou Panjiang Refined Coal are publicly traded on the Shanghai Stock Exchange.
In 2018, the group underwent a restructuring process that incorporated Panjiang Capital (previously Panjiang Mining Bureau), Shuiming Group (formerly Shuicheng Mining Bureau), Liuzhi Industrial and Mining (previously Liuzhi Mining Bureau), Lindong Mining (formerly Lindong Mining Bureau), and Panjiang Power Investment (previously Guangtou Qiangui Company). Additionally, Bijie Zhongcheng Energy Co. was integrated into the group’s management framework in April 2020.
The holding reported net earnings of 800 million yuan (approximately $120 million) in 2019. By 2021, its workforce had grown to exceed 50,000 employees.
Coal mining
The company is recognized as one of the leading coal producers in China.
During the early 2010s, its affiliated firms generated around 15 million tons of raw coal annually, with production volumes showing consistent growth over time.
By 2021, the output of thermal coal reached 1.7 million metric tons, marking a 27% rise compared to the previous year.
Coalbed methane extraction
In 2021, the group produced 120 million cubic meters of natural gas derived from coalbed methane, representing 63% of the total gas production within its district.