China Pingmei Shenma Group was formed by merging two Chinese Top 500 enterprises -Pingmei Group and Shenma Group. The original Pingmei Group was one of the nine major projects of “Chinese First Five Planning”; it was the first super large coal base with self-exploration and designing, which was known as the "Central Coal Storage Base". Shenma Group was one of the first 9 key introduced projects by the state at the beginning of the reform and opening up. At that time, it was the only enterprise that introduced a full set of Japanese advanced equipment and technology, produced nylon 66 industrial yarn and tire cord fabric. It ended the long history of relying on imports of high-quality tire reinforcement materials.
In recent years, Pingmei Shenma group following “Six insistence” basic principle(Insisting on the fact that security and environmental protection is the precondition; Quanlity and benefit is the core; Reform and innovation is the power; Structural adjustment is the main road; All the staff is the supporter; Party construction is the guarantee),kept the path of characteristic transformation and development, built coal coke、 nylon chemical industry 、new energy and new materials as the core business, and all the industries supported each other. The group opened up three unique production chain in national energy and chemical industry, named as coal based nylon、carbon and photovoltaic industry. China Pingmei Shenma Group is China's most comprehensive varieties of coking coal, coke coal production base and Asia's largest nylon chemical production base. The capacity of coal is 45 million tons; the capacity of industrial yarn & fabric and saccharin sodium ranks first in the world; the capacity of nylon 66 salt and engineering plastics ranks first in Asia; the capacity of coke, silane gas, ultra-high power graphite electrode and high-efficiency monocrystalline silicon battery ranks first in China. The products are exported to more than 30 countries and regions, and Group have established strategic cooperative relations with more than 40 world top 500 enterprises and multinational groups. Pingmei Shenma Group own 3 listed companies by the name of Pingmei Coal Co., Ltd.、 Shenma Industrial Co., Ltd、 Yicheng New Energy Co., Ltd., and 7 listed enterprises on the new three board. Both operating revenue and assets exceed 150 billion Yuan.
China Pingmei Shenma Group vigorously carry forward the enterprise spirit of "loyalty to the enterprise, pursuit of better", adhering to the "open, inclusive, and gratitude, unity" character of enterprise, advocate "Happiness comes from struggle ; Quality and benefit come from action; Income comes from hard work" core philosophy, take “grow strong, grow best, grow big state-owned capital” as own duty. At the same time, the group has the courage to bear the social responsibility, dedicating to enterprise and society harmonious development, taking responsibility on helping the poor, environmental protection, and disaster relief, expanding employment, driving the local economy, serving local people.
Standing at the new historical point, China Pingmei Shenma Group will be led by the thought of Xi Jinping new era of socialism with Chinese characteristics and the 19th big spirit, governing party comprehensively and strictly to promote the party's construction of high quality, promote high quality transformation development pushed by high quality party's works, make a three-year action plan to implement the transformation of development, ensuring that by 2021, group revenues, total assets exceed 200 billion RMB both , and annual profit is more than 10 billion RMB, entering the world Top 500, striving to build a globally competitive world-class energy and chemical industry group