What Shanxi Lanhua Sci-Tech Venture does

Shanxi Lanhua Sci-Tech Venture Co., Ltd. (山西兰花科技创业股份有限公司, SSE: 600123) is a state-controlled diversified energy and chemical conglomerate headquartered in Jincheng, Shanxi Province, China. Founded in December 1998 as a subsidiary of Shanxi Lanhua Coal Group and listed on the Shanghai Stock Exchange on December 17, 1998, the company operates 13 coal mines with a combined 19.9 million tons annual design capacity (11 producing mines at 15 million tons/year plus a 41%-owned Yamei Daning joint venture at 4 million tons/year), anchored on the Qinshui coalfield — China's largest anthracite-producing region with 1.245 billion tons of proven anthracite reserves. The "兰花" (Lanhua) brand anthracite is designated as a Shanxi provincial landmark brand-name product.

The company operates three urea production enterprises with combined capacity of approximately 1 million tons/year, two dimethyl ether plants at 200,000 tons/year, and one caprolactam plant at 140,000 tons/year. Products are sold via direct B2B enterprise sales — with dedicated hotlines for each product line — to industrial customers in the chemical, power, metallurgical, and building materials sectors across more than a dozen Chinese provinces. As of end-2024, the company had approximately 18,900 employees, total assets of 298.58亿元 RMB, and net assets of 156.62亿元 RMB; it is 47.47% state-owned and is a constituent of the SSE 50, SSE 180, and CSI 300 indices.

R&D is coordinated through a provincial-level technology center established in 1999, with strategic cooperation agreements with Peking University, China University of Mining and Technology, Taiyuan University of Technology, China Coal Science and Technology Group Shenyang Research Institute, and others. The company holds registered patents on clean coal gasification, urea concentration, oil-water separation, and mechanized mining transfer equipment. In 2026, the company launched Lanhua Science and Technology Research Co., Ltd. as a dedicated R&D subsidiary, engaged Inspur Group on AI and digital transformation, secured CSRC approval for public corporate bond issuance, and established an industrial fund manager (Lanhua Xingguang Capital Operations). Group-level diversification extends to coalbed methane, wind power, nano calcium carbonate (Lanhua Nami, NEEQ 839189), pharmaceuticals (Lanhua Yaoye, NEEQ 870936), real estate, logistics, and tourism services.

Name

Shanxi Lanhua Sci-Tech Venture

Legal name

山西兰花科技创业股份有限公司

Website

http://www.chinalanhua.com/

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shanxi Lanhua Sci-Tech Venture is a state-controlled Shanghai-listed energy and chemical conglomerate that mines anthracite coal and produces urea, dimethyl ether, and caprolactam for domestic industrial customers across the chemical, power, metallurgical, and building materials sectors in China.

Ownership category

akta.pro rank

Product category

Coal Mining and Coal Chemical Production

NAICS

Surface Coal Mining (212114), Petroleum and Coal Products Manufacturing (324), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Bituminous Coal & Lignite Mining (1220), Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Anthracite Mining (IMAKAIAC)

akta.pro secondary industries

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB), Thermal Coal Mining (Steam Coal) (IMAKAIAA), Coal Marketing & Trading (IMAKAIAK)

Keywords

• Anthracite coal mining
• Coal chemical production
• Urea fertilizer manufacturing
• Dimethyl ether production
• Caprolactam manufacturing

Headquarters

HQ city

Jincheng

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Coal Mining and Sales: The company operates 13 coal mines with a combined annual design capacity of 19.9 million tons, producing anthracite, thermal coal, and coking coal sold to chemical, power, metallurgical, and building materials industries. 11 producing mines yield 15 million tons per year, plus a 41%-owned joint venture (Yamei Daning) producing 4 million tons annually.
2. Urea (Fertilizer) Production and Sales: Three urea production enterprises with combined annual capacity of approximately 1 million tons. Products are sold domestically across a dozen or more provinces and cities.
3. Chemical Products (Dimethyl Ether and Caprolactam): Two DME production enterprises (200,000 tons/year) and one caprolactam production enterprise (140,000 tons/year). Products are sold domestically across more than a dozen provinces and cities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Shanxi Lanhua Sci-Tech Venture extracts and produces anthracite coal, thermal coal, and coking coal from 13 mines in the Qinshui coalfield, and manufactures downstream chemical products including urea fertilizer, dimethyl ether, caprolactam, and ammonium sulfate. The company sells coal and chemical products directly to industrial customers in China's chemical, power, metallurgical, and building materials sectors across more than a dozen provinces.

Product overview

Shanxi Lanhua Sci-Tech Venture is a diversified energy and chemical conglomerate operating primarily in coal mining and coal chemical industries. The company operates 13 coal mines with 1,990万吨 annual design capacity, three urea production facilities with ~100万吨 annual capacity, two dimethyl ether plants (20万吨 capacity), and one caprolactam facility (14万吨 capacity). The product portfolio includes Lanhua brand anthracite coal (a renowned Shanxi brand), Lanhua brand urea fertilizer, dimethyl ether, caprolactam, and ammonium sulfate. The Group has expanded into new materials (nano calcium carbonate), new energy (coalbed methane, wind power), pharmaceutical/health, real estate, modern logistics, and tourism services. The company is listed on Shanghai Stock Exchange (stock code: 600123) with total assets of 298.58 billion yuan and 18,900 employees as of end 2024.

Differentiator

Problem solved

Functional benefit

Brands

• 兰花牌煤炭: Shanxi provincial iconic brand product - anthracite coal favored by chemical, power, metallurgy, and building materials industries
• 兰花牌尿素
• 兰花药业 (Lanhua Pharmaceutical)
• 兰花纳米 (Lanhua Nano)

Products and services

• Coalbed Methane (煤层气) Coalbed methane extraction and utilization, one of the Group's new energy industry segments, captured from coal seams and utilized as a clean energy resource.
• Wind Power (风力发电) Wind power generation as part of the Group's clean energy development initiatives, contributing to the company's new energy business segment.
• Caprolactam (己内酰胺) Chemical product with one production enterprise and annual caprolactam production capacity of 140,000 tons, sold domestically as a key raw material for synthetic fibers (nylon-6) and engineering plastics.
• Ammonium Sulfate (硫酸铵) Chemical byproduct sold across domestic markets as a nitrogen fertilizer, produced as a co-product of caprolactam and coal chemical operations.
• Lanhua Brand Anthracite Coal (兰花牌煤炭) Anthracite coal produced in the Qinshui coalfield region, widely used in chemical, power, metallurgy, and building materials industries. The company operates 13 coal mines with combined annual design capacity of 19.9 million tons (11 producing mines at 15 million tons/year plus a 41%-owned joint venture producing 4 million tons/year and one mine under construction at 900,000 tons/year).
• Lanhua Brand Urea (兰花牌尿素) Urea fertilizer product with annual production capacity of approximately 1 million tons from three production facilities, sold across more than a dozen provinces and cities in China as a nitrogen fertilizer for agricultural and industrial use.
• Dimethyl Ether (二甲醚) Coal chemical product with two production enterprises and annual dimethyl ether production capacity of 200,000 tons, sold domestically across more than a dozen provinces and cities as a clean fuel and aerosol propellant.
• Nano Calcium Carbonate (纳米级碳酸钙) Nano-grade calcium carbonate product, a leading product in the new materials industry operated under the Group's Baoxiang Circular Economy Park through subsidiary Lanhua Nami (兰花纳米), listed on the New Third Board (stock code 839189).

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Inspur Group / Langchao Cloud Industrial Internet (浪潮集团/浪潮云洲工业互联网)coreTechnology or Integration · 1 June 2026Lanhua Group held strategic discussions with Inspur Group regarding digital transformation, AI-powered intelligent manufacturing, and data asset strategy. Inspur is China's leading cloud computing and big data services provider with global reach across 120+ countries. Both parties agreed to establish a regular dialogue mechanism for data asset and AI agent development collaboration.
• Peking University (北京大学)coreStrategic or Co-development Partner · 1 December 1999Lanhua's technology center established strategic cooperation with Peking University for joint research in new energy development, clean coal conversion, and fine chemical product development. The company also collaborates with other national research institutes.
• China University of Mining and Technology (中国矿业大学)coreStrategic or Co-development Partner · 1 December 1999Strategic cooperation with China University of Mining and Technology for coal mining technology R&D, clean coal conversion, and green production technologies.
• Taiyuan University of Technology (太原理工大学)coreStrategic or Co-development Partner · 1 December 1999Strategic cooperation with Taiyuan University of Technology for coal-related technology development and talent cultivation.
• Henan Polytechnic University (河南理工大学)minorStrategic or Co-development Partner · 1 December 1999Academic cooperation for talent cultivation and technology development.
• Xiamen University (厦门大学)minorStrategic or Co-development Partner · 1 December 1999Academic cooperation within the technology center's research network.
• China Coal Science and Technology Group Shenyang Research Institute (中煤科工集团沈阳研究院)coreTechnology or Integration · 1 December 1999Strategic cooperation with the Shenyang Research Institute of China Coal Science and Technology Group for coal mining technology and safety systems.
• China Chemical Planning Institute (中国化工规划院)coreStrategic or Co-development Partner · 1 December 1999Strategic cooperation with China Chemical Planning Institute for coal chemical industry planning and new product development.
• China Ultra-Fine Powder Engineering Research Center (中国超细粉末工程研究中心)minorStrategic or Co-development Partner · 1 December 1999Cooperation with the national engineering research center for nano-materials and advanced powder technologies.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• China Shenhua Energy: Largest coal producer in China and the world, with integrated coal-rail-port-power-chemical operations. Directly comparable business model: large-scale coal mining plus downstream chemical and power businesses, also listed on SSE/HKEx. Significantly larger scale but anchors the same coal value chain as Lanhua.
• Sinochem Fertilizer: China's largest fertilizer trader and a major urea/DME distributor. While not a coal miner, it competes for downstream demand with Lanhua's fertilizer product line and shapes urea pricing that Lanhua captures.
• China National Coal Group: State-controlled coal conglomerate and parent of China Coal Energy; comparable as a national-scale SOE in coal mining and coal-to-chemicals with similar regulatory positioning to Lanhua's state-owned structure.

Direct peers

• China Coal Energy: Closest direct peer: SSE/HKEx-listed diversified coal group with parallel coal mining, coal-to-chemicals (urea, methanol, DME), and coking operations. Directly competes with Lanhua in domestic thermal, coking, and coal chemical markets.
• Yankuang Energy: Major diversified coal and chemicals producer (formerly Yanzhou Coal Mining). Operates thermal, coking and coal chemical businesses including methanol and urea, with comparable B2B industrial customer model and similar Shanxi-region exposure.
• Yunnan Yuntianhua: Large-scale fertilizer and coal-chemical producer (urea, DME, caprolactam precursor chemicals) with captive coal feedstock. Closely comparable to Lanhua's urea and coal-chemical segment, competing in the same domestic fertilizer and chemical markets.

Regional players

• Yangquan Coal Industry: Shanxi-based coal producer with diversified coking, thermal coal and chemical operations, including coking subsidiaries. Same regional geography and product overlap with Lanhua's anthracite, coking and coal chemical portfolio.
• Shanxi Coal International Energy Group: Shanxi-headquartered listed coal group focused on coking coal mining, washing, and trading. Competes with Lanhua in Shanxi-region coking and thermal coal supply to domestic metallurgical and power customers.

Others

• Huadian Power International: One of China's largest coal-fired power generators, a key downstream buyer of Lanhua's thermal and anthracite coal. Comparable as a related industry player whose demand profile determines Lanhua's power-sector revenue.

Emerging players

• SDIC Xinji Energy: Coal-to-chemicals specialist with urea, methanol and DME operations. Overlaps with Lanhua's coal chemical segment, particularly DME, urea and downstream chemical intermediates, and competes in similar domestic fertilizer and energy markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 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 Shanxi Lanhua Sci-Tech Venture