Taiyuan Coal Gasification Group
|
Formerly called
|
Taiyuan Coal Gasification Corp. |
|---|---|
| state-owned enterprise | |
| Founded |
|
| Headquarters | 29 Heping South Road, Wanbailin District, Taiyuan, China |
|
Key people
|
He Tiancai (Chairman) |
| Products |
|
| Services | natural gas distribution network |
| Revenue |
 CN¥7.8 billion (2015) |
|
(CN¥2.7 billion) (2015) |
|
| Profit |
(CN¥1.4 billion) (2015) |
| Total assets |
CN¥25.9 billion (2015) |
| Total equity |
(CN¥437.8 million) (2015) |
| Owner |
|
| Parent | JAMG |
| Website | www |
|
Footnotes / references in a consolidated basis |
|
| Taiyuan Coal Gasification (Group) Co., Ltd. | |||||||
| Simplified Chinese | 太原煤炭气化(集团)有限责任公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 太原煤炭氣化(集團)有限責任公司 | ||||||
|
|||||||
| Taiyuan Coal Gasification Group | |||||||
| Simplified Chinese | 太原煤炭气化集团 | ||||||
| Traditional Chinese | 太原煤炭氣化集團 | ||||||
|
|||||||
| Second alternative Chinese name | |||||||
| Simplified Chinese | 太煤化 | ||||||
| Traditional Chinese | 太煤化 | ||||||
|
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Tàiyuán méitàn qìhuà (jítuán) yǒuxiàn zérèn gōngsī |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Tàiyuán méitàn qìhuà jítuán |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Tàiméihuà |
Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government. However, Shanxi SASAC granted fellow state-owned enterprise Jincheng Anthracite Mining Group (JAMG) to mange their stake since 2011.
Taiyuan Coal Gasification Group was the largest shareholder of Taiyuan Coal Gasification Co., Ltd. (TCGC, Chinese: 太原煤气化股份有限公司 : 000968) for 49.45% stake until 2016. In September 2016 Taiyuan Coal Gasification Group sold 24.26% stake of the listed company to JAMG for CN¥856.13 million (CN¥6.87 per share). A backdoor listing was planned for a subsidiary (Chinese: 山西蓝焰煤层气集团有限责任公司; literally: "Shanxi Blue Flame Coalbed Methane Group") of JAMG, which produces coal mine methane. The assets and liabilities of the listed company before 31 January 2016 would sold back to Taiyuan Coal Gasification Group.
In 2005 Taiyuan Coal Gasification Group was in the enterprise list in line with Coking Industry Access Condition (first batch) of the National Development and Reform Commission. According to a publication of the National Energy Administration, Taiyuan Coal Gasification Group had a coal mining capability of 6.25 million tons per year in 2015 (5.80 million tons for the listed company), despite the list was incomplete (number 156 to 163 mine of the list, except 159). The listed company had produced coal of 4.38 million tons in 2015, including raw coal, middling coal and refined coal.
According to Dagong Global Credit Rating, the group sold natural gas to citizen below the cost the group bought from other companies in 2015. The group was the natural gas and coal gas provider for Taiyuan (excluding Gujiao), Jinzhong and Linfen.
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Wikipedia