Henan Energy Chemical Group

What Henan Energy Chemical Group does

Henan Energy Chemical Group (河南能源集团) is a Henan Provincial state-owned enterprise established in 2007 through consolidation of legacy coal mining assets (Yongmei, Yimei, Jiaomei, Hemei) under the Henan Provincial Government and SASAC. The group operates five core business segments: Coal (283.94 billion tons proven reserves with 45.3 billion tons recoverable across Henan, Guizhou, Xinjiang, and other regions); Chemical New Materials (advanced polymers, biodegradable plastics, electronic chemicals, hydrogen-energy materials); Power and New Energy (thermal, wind, solar PV, pumped storage, hydrogen, heat supply); Modern Trade/Logistics (bulk commodity trading, electronic bidding, network freight, electronic mall platforms); and Modern Services (finance, medical, engineering, equipment manufacturing, property). It maintains roughly 20 wholly-owned subsidiaries including a listed subsidiary Dayou Energy (大有能源), and serves state-owned enterprises, government entities, and large industrial manufacturers through direct enterprise B2B sales with relationship-driven key-account management and quote-based negotiated pricing tied to volume, quality, and long-term contracts.

The group monetizes primarily through one-time bulk coal and chemical product sales, recurring power generation offtake arrangements, and transactional fees from its logistics and trading platforms. Its core technology footprint spans coal mining and processing infrastructure, chemical production facilities, power generation assets, and proprietary digital trading platforms (zyepp.com subdomains). It has no disclosed AI/ML products, APIs, or patents, and its growth trajectory is anchored by SOE-backed provincial integration mandates rather than venture capital funding rounds, which are absent from the data. Recent strategic emphasis is on diversification into high-end chemicals, hydrogen energy, and renewable power, alongside multi-province and early international commercial outreach via partnerships with BYD, Gree Electric, Sinopec Dalian Research Institute, China Railway Equipment, and Marubeni Japan.

Name

Henan Energy Chemical Group

Legal name

河南能源集团有限公司

Website

https://hnecgc.com.cn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Henan Energy Chemical Group (河南能源集团) is a Henan Provincial state-owned enterprise operating five integrated segments — coal mining, chemical new materials, power and new energy, modern logistics, and modern services — serving state-owned enterprises and large industrial manufacturers via direct B2B sales across China.

Ownership category

akta.pro rank

Product category

Coal Mining and Energy Production

NAICS

Petroleum and Coal Products Manufacturing (3241), Other Petroleum and Coal Products Manufacturing (32419), Steam and Air-Conditioning Supply (22133), Industrial Gas Manufacturing (32512)

SIC

Bituminous Coal & Lignite Mining (1220), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Thermal Coal Mining (Steam Coal) (IMAKAIAA)

akta.pro secondary industries

Coal Marketing & Trading (IMAKAIAK), Coal/Lignite CHP (District Heating & Industrial) (EUACAKAD), Coal & Petcoke Trading & Marketing (EUAGAAAF), Coalbed Methane (CBM) / Coal Seam Gas (CSG) (EUAAAAAD)

Keywords

• Coal mining production
• Chemical new materials
• Power generation energy
• Bulk commodity logistics
• Industrial supply services

Headquarters

HQ city

Zhengzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Coal Mining and Sales: Core business segment involving coal extraction, processing, and sales. The company holds significant coal reserves (283.94 billion tons) with mining rights of 84.57 billion tons and recoverable reserves of 45.3 billion tons.
2. Chemical New Materials: Advanced polymer materials, biodegradable plastics, electronic chemicals, and hydrogen energy new materials clusters. Direction emphasizes high-end, diversified, and low-carbon development.
3. Power and New Energy: Power generation including thermal power, wind power, photovoltaic power, pumped storage, supporting power grids, hydrogen energy, and heat supply services.
4. Modern Trade/Logistics: Modern supply chain comprehensive services including logistics and trade of bulk industrial products such as coal and chemical products.
5. Modern Services: Financial services, medical services, engineering construction, production services, equipment manufacturing, and property services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Henan Energy Chemical Group is a provincial state-owned energy and chemical conglomerate that mines and sells coal, produces chemical new materials (advanced polymers, biodegradable plastics, electronic chemicals, hydrogen energy materials), generates electricity through thermal, wind, solar, and pumped storage sources, provides modern logistics and bulk commodity trading for industrial products, and operates modern services including finance, medical, engineering, equipment manufacturing, and property services. The group owns 283.94 billion tons of coal reserves and operates approximately 20 wholly-owned subsidiaries across Henan, Guizhou, and Xinjiang provinces.

Product overview

Henan Energy Chemical Group is a large-scale state-owned enterprise in Henan Province operating five core business segments: Coal (mining and production), Chemical New Materials (advanced polymers, biodegradable plastics, electronic chemicals, hydrogen energy), Power and New Energy (thermal, wind, solar, pumped storage, hydrogen, heating), Modern Logistics (supply chain services for coal and chemical commodities), and Modern Services (finance, medical, engineering, equipment manufacturing, property services). The group also operates digital business platforms including bulk commodity trading, electronic bidding, network freight, and e-commerce mall. The company maintains approximately 283.94 billion tons of coal resources and operates multiple subsidiary companies across the energy and chemical sectors.

Differentiator

Problem solved

Functional benefit

Brands

• 河南能源报: Henan Energy newspaper launched in February 2009, a news-oriented comprehensive newspaper published every Tuesday, Thursday, and Saturday, covering the group's internal operations.
• 河南能源电视台

Products and services

• Coal (煤炭) Coal mining and production operations with proven reserves of 283.94 billion tons (58.72 billion tons in Henan province and 225.22 billion tons outside the province), mining rights reserves of 84.57 billion tons, and recoverable reserves of 45.3 billion tons. Supplied to power generation, industrial manufacturing, and heating customers.
• Chemical New Materials (化工新材料) Advanced polymer materials, biodegradable plastics, electronic chemicals, and hydrogen energy new materials cluster. Direction emphasizes high-end, diversified, and low-carbon development through subsidiaries including Longyu Coal Chemical, Hebi Coal Chemical, Zhongxin Chemical, Chemical New Materials Company, and Kaifeng Longyu.
• Power and New Energy (电力及新能源) Power generation including thermal power, wind power, photovoltaic solar, and pumped storage, plus supplementary power grids, hydrogen energy, and heat supply services to industrial and commercial customers.
• Modern Logistics (现代物贸) Modern supply chain comprehensive services including logistics and trading of coal and chemical industrial bulk commodities, operated through subsidiary Guolong Logistics and the zyepp.com digital platforms.
• Modern Services (现代服务) Financial services, medical services, engineering construction, production services, equipment manufacturing, and property services provided through subsidiaries and the Henan Energy Construction Company.

Quantifiable outcome

• Henan Energy WeChat official account reached top 78th position in China Enterprise 500 New Media Index
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Sinopec Dalian Research Institute and Jinling Petrochemical (中石化大连院、金陵石化)coreStrategic or Co-development Partner · 22 May 2026Henan Energy signed strategic cooperation agreement with Sinopec Dalian Research Institute and Jinling Petrochemical on chemical industry cooperation.
• Henan Yuguang Group (河南豫光集团)coreStrategic or Co-development Partner · 13 April 2026Henan Energy and Henan Yuguang Group held strategic cooperation signing ceremony for industrial collaboration.
• Gree Electric (格力电器)coreStrategic or Co-development Partner · 17 November 2025Discussion meeting between Henan Energy leadership and Gree Electric Chairman Dong Mingzhu to enrich application scenarios and plan new cooperation chapters. Focus on industrial applications and strategic collaboration.
• BYD (比亚迪)coreStrategic or Co-development Partner · 17 November 2025Discussion meeting between Henan Energy leadership and BYD Chairman Wang Chuanfu to expand cooperation space and achieve mutual benefit and development. Focus on new energy and green development.
• Marubeni Corporation Japan (日本丸红株式会社)minorGTM or Marketing Partner · 30 September 2024Visit and discussion between Henan Energy leadership and Marubeni Corporation Japan Chairman Akira Onoda for potential international cooperation.
• Australian Embassy in China (澳大利亚驻华大使馆)minorGTM or Marketing Partner · 20 September 2024Visit and discussion between Henan Energy leadership and Australian Embassy Commercial Counselor Fan Siming for international cooperation opportunities.
• China Railway Equipment (中铁装备)coreStrategic or Co-development Partner · 12 August 2024Henan Energy and China Railway Equipment signed comprehensive strategic cooperation framework agreement for equipment and engineering collaboration.
• Universal Medical (环球医疗)minorStrategic or Co-development Partner · 29 January 2024Henan Energy and Universal Medical signed strategic cooperation framework agreement for healthcare and medical services.
• Xu Ji Electric (许继电气)minorStrategic or Co-development Partner · 6 December 2023Henan Energy and Xu Ji Electric signed cooperation agreement for power and energy sector collaboration.

Scale indicators6 records

Recent moves6 records

Expansion highlights8 records

Broad incumbents

• China National Petroleum Corporation (CNPC): National oil and gas major with growing coalbed methane, coal-to-chemicals, and energy trading businesses. Adjacent comparable for Henan Energy's coalbed methane subsidiary and bulk commodity trading operations.
• Shandong Energy Group: Large provincial SOE spanning coal mining, coal-to-chemicals, power, equipment manufacturing, and modern services. Comparable in scope and SOE structure, though larger and broader in geographic reach.
• China Energy Investment Corporation: World's largest power generator and a leading coal producer formed from the merger of China Guodian and Shenhua Group. Sets the national benchmark that Henan Energy competes against in coal and power.

Direct peers

• China Coal Energy: Major state-owned coal producer and trader with coal, coal-to-chemicals, and power generation businesses. Closely comparable business model to Henan Energy as a diversified coal-energy SOE.
• Yankuang Energy: Shandong-based coal SOE with coal mining, coal-to-chemicals (methanol, urea), and power generation. Directly comparable in scale of operations and integrated coal-chemicals-power model.
• China Shenhua Energy: Largest listed coal and energy SOE in China, with integrated coal mining, power generation, and railway logistics. Directly comparable to Henan Energy across the full coal-power-chemicals value chain.
• Shanxi Coking Coal Group: Shanxi-based provincial SOE focused on coking coal mining and downstream coke/chemicals production. Comparable state-owned coal-chemicals integrated operator.
• Yanzhou Coal Mining (Yankuang Group parent): Major coal producer with extensive coal-to-chemicals operations and international mining assets. Comparable diversified coal-energy model.
• Pingmei Shenma Group (China Pingmei Shenna Holding Group): Henan-based provincial SOE engaged in coal mining, coking coal, and coal-to-chemicals (nylon, salt chemicals). Explicitly named alongside Henan Energy in the company's own news; the most direct provincial peer in the same geography and product set.

Regional players

• Guizhou Panjiang Refined Coal: Guizhou-based provincial coal producer. Comparable because Henan Energy operates Guizhou Yueneng subsidiary in the same geography, serving overlapping regional customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xweibo.com/u/6222778452

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Henan Energy Chemical Group