红绸落下，金匾生辉。 1月16日，河南能源产业迎来历史性时刻——新组建的中国平煤神马控股集团有限公司揭牌成立。 一艘资产总额5900亿元的"豫字号"能源航母，就此扬帆启航。 揭牌仪式现场宣布，省政府国资委持有的河南能源集团100%股权注入平煤神马集团，重组后的中国平煤神马 集团按照省管重要骨干企业管理，由省政府国资委履行出资人职责。 这不是简单的规模叠加，而是一场谋定未来的战略重塑。 战略重组的能量，正在快速释放。 回望重组前夜，行业变局已现。煤炭行业盈利承压，25家上市煤企中23家营收下滑。全国范围内，省级能源 平台整合浪潮涌动，四川、贵州、湖南等地相继完成重组布局。河南作为能源大省，亟须破解同质化竞争、 资源分散的发展瓶颈。 立足全省产业布局，2025年9月25日，省委、省政府作出战略部署，正式启动河南能源集团与平煤神马集团战 略重组。 作为我省历史上竞争类企业资产规模最大的一次战略重组，此次强强联合，旨在通过资源整合、优势互补， 破解产业发展瓶颈，有利于煤炭产业延链补链、化工产业提质增效、新材料产业抢滩占先，推动煤炭电力保 障、清洁能源开发、风光储一体化等实现新提升，有力支撑全省现代化产业体系建设。 这 ...

Core Viewpoint - The establishment of China Pingmei Shenma Group marks a significant milestone in the strategic restructuring of Henan Energy Group and Pingmei Shenma Group, creating a new energy and chemical industry giant with an asset scale of nearly 600 billion yuan and an annual revenue of approximately 300 billion yuan [1][2]. Group 1: Restructuring Overview - The restructuring is the largest competitive enterprise asset restructuring in Henan's history, aimed at resource integration and overcoming industrial development bottlenecks [1][2]. - The merger combines Henan Energy Group's focus on coal and gasification with Pingmei Shenma Group's coal coking industry, creating a complementary industrial structure [1][2]. Group 2: Financial and Operational Details - Post-restructuring, the total assets of China Pingmei Shenma Group reach 590 billion yuan, with a revenue scale of about 300 billion yuan, and it controls five A-share listed companies [2]. - The group has significant market positions in various sectors, including leading quality in main coking coal, nylon 66 salt, and engineering plastics, with coal reserves exceeding 30 billion tons [2]. Group 3: Governance and Strategic Direction - The governance structure of China Pingmei Shenma Group has been established, with key leadership appointments made, including Li Mao as Chairman and Yang Heng as General Manager [3]. - The company will focus on energy and functional materials, emphasizing smart empowerment, green transformation, and integrated innovation, with plans to develop special nylon fibers, hydrogen energy, and new energy storage [4].

Core Viewpoint - The establishment of China Pingmei Shenma Group marks a significant milestone in the strategic restructuring of Henan Energy Group and Pingmei Shenma Group, creating a new energy and chemical industry giant with an asset scale of nearly 600 billion yuan and an annual revenue of approximately 300 billion yuan [1][2]. Group 1: Restructuring Overview - The restructuring is the largest competitive enterprise asset restructuring in Henan's history, aimed at resource integration and overcoming industrial development bottlenecks [1][2]. - The merger combines Henan Energy Group's focus on coal and gasification with Pingmei Shenma Group's coal coking industry, creating a complementary industrial structure [1][2]. Group 2: Financial and Structural Details - Post-restructuring, the total assets of China Pingmei Shenma Group reach 590 billion yuan, with a revenue scale of about 300 billion yuan, and it holds controlling stakes in five A-share listed companies [2]. - The group has significant market positions in various sectors, including leading quality in main coking coal, nylon 66 salt, and engineering plastics, with coal reserves exceeding 30 billion tons [2]. Group 3: Governance and Strategic Direction - The governance structure of China Pingmei Shenma Group has been established, with key leadership appointments made, including Li Mao as Chairman and Yang Heng as General Manager [3]. - The company will focus on energy and functional materials, emphasizing smart empowerment, green transformation, and integrated innovation, with plans to develop special nylon fibers, hydrogen energy, and new energy storage [4].

Core Viewpoint - The strategic restructuring of China Pingmei Shenma Group marks a significant milestone in the development of Henan Energy Group and aims to build a world-class enterprise, enhancing energy security and promoting regional economic transformation [2] Group 1: Strategic Restructuring - The unveiling ceremony in Zhengzhou signifies a major achievement in the strategic merger between Henan Energy Group and Pingmei Shenma Group, which is the largest competitive enterprise asset restructuring in Henan's history [2] - This merger aims to integrate resources and complement advantages, addressing industrial development bottlenecks and enhancing the coal and chemical industries [2] Group 2: Economic Impact - The restructuring is expected to support the development of coal power security, accelerate the development of clean energy, and promote integrated wind, solar, and storage solutions [2] - It plays a crucial role in the high-quality development of the energy and chemical industries in Henan province, contributing to the modernization of the industrial system [2] Group 3: Company Overview Post-Reorganization - After the merger, the total assets of China Pingmei Shenma Group amount to 590 billion yuan, with a revenue scale nearing 300 billion yuan [2] - The group operates five listed companies and leads in various product capacities, including world-leading coking coal quality and tire skeleton materials, as well as being among the top in Asia for nylon 66 salt and engineering plastics [2] - The coal reserves exceed 3 billion tons, and rock salt reserves are 2.3 billion tons, providing a solid foundation for high-quality development [2]

本报讯(记者肖艳青)据"河南发布"消息，1月16日上午，中国平煤神马控股集团(以下简称"中国平煤神马 集团")在郑州举行揭牌仪式，标志着河南能源集团和中国平煤神马集团战略重组取得阶段性重大成果， 开启建设世界一流企业的新征程。 此次揭牌不仅是企业改革发展的重要里程碑，也是河南省深化国资国企改革、推动能源化工产业高质量 发展的关键举措，对提升国家能源安全保障能力、促进区域经济转型升级具有重要意义。 立足全省产业布局，2025年9月25日，河南省委、省政府作出战略部署，正式启动河南能源集团与中国 平煤神马集团战略重组。 重组后的中国平煤神马集团资产总额5900亿元，营收规模近3000亿元，拥有5家上市公司，主要产品主 焦煤品质、轮胎骨架材料产能世界领先，尼龙66盐、工程塑料产能位居亚洲第一方阵，无烟煤品质，聚 甲醛、硅烷气、超高功率石墨电极产能位居全国前列，煤炭储量300多亿吨，岩盐储量23亿吨，为高质 量发展奠定了坚实的资源与产业基础。 "下一步，中国平煤神马集团将围绕智能化赋能、绿色化转型、融合化创新，着力打造煤焦、尼龙化 工、硅碳新材料、电力及新能源等业务板块，积极布局特种尼龙纤维、氢能与新型储能、生物制造 ...

图为河南省副省长李涛为该集团揭牌。 作为河南省煤炭、化工和新材料领域的龙头企业，平煤神马集团与河南能源集团功能定位相近、产业结构互补性强。2025年9月25日，河南省委、省政府 作出战略部署，正式启动河南能源集团与平煤神马集团战略重组，这是该历史上竞争类企业资产规模最大的一次战略重组。 据了解，重组工作启动以来，中国平煤神马集团与建行河南分行、中原银行、郑州银行等多家金融机构签订战略合作协议，新增授信超过230亿元，总规 模200亿元的重组股权基金成功设立，旗下上市公司股价表现优异，凸显了市场对未来企业发展的坚定信心。 目前，清产核资、审计评估、反垄断审查等关键工作顺利完成，工商登记依法变更，"上市公司+区域化公司+事业部"新架构初步建立，为企业高效规范 运行奠定了坚实基础。 据了解，重组后的中国平煤神马集团资产总额5900亿元，营收规模近3000亿元，拥有5家上市公司，主要产品主焦煤品质、轮胎骨架材料产能世界领先， 尼龙66盐、工程塑料产能位居亚洲第一方阵，无烟煤品质，聚甲醛、硅烷气、超高功率石墨电极产能位居全国前列，煤炭储量300多亿吨，岩盐储量23亿 吨，为高质量发展奠定了坚实的资源与产业基础。 中国平 ...

Core Insights - The strategic restructuring of Henan Energy Group and China Pingmei Shenma Group has achieved significant milestones, with the unveiling ceremony held on January 16 in Zhengzhou [1][2] Group 1: Company Overview - After the restructuring, China Pingmei Shenma Group has total assets of 590 billion yuan and nearly 300 billion yuan in revenue, along with five listed companies [2] - The company leads in the production of main coking coal quality and tire skeleton materials, with nylon 66 salt and engineering plastics production ranking among the top in Asia [2] - The company has over 30 billion tons of coal reserves and 2.3 billion tons of rock salt reserves, providing a solid resource and industrial foundation for high-quality development [2]

Group 1 - The core viewpoint of the news is that Fangda Carbon (600516) has initiated a strategic cooperation with Beijing University of Science and Technology to develop a groundbreaking green metallurgy technology focused on electric arc furnace direct reduction iron (DRI) [1] - This collaboration aims to tackle key technologies for efficient melting of solid DRI, validating critical indicators such as energy consumption, energy utilization efficiency, metal recovery rate, carbon emissions, and iron quality [1] - The breakthrough in this technology route is expected to address common bottlenecks in the low-carbon transition of the steel industry, with significant market application potential [1] Group 2 - Fangda Carbon's core products demonstrate unique competitive advantages in this advanced process, particularly its self-developed ultra-high power graphite electrodes, which enhance melting efficiency and reduce system energy consumption [2] - The company has established a complete industrial chain with an annual production capacity of 260,000 tons, exporting its leading products to over 60 countries and regions [2] - The collaboration with academic institutions like Tsinghua University and Beijing University of Science and Technology has led to breaking several foreign monopolies in key technology areas, securing over 50 provincial and ministerial-level scientific achievements [2] Group 3 - Industry estimates suggest that the electric arc furnace DRI technology route could reduce carbon dioxide emissions by approximately 75% compared to traditional steelmaking processes [3] - The partnership not only expands the application boundaries of Fangda Carbon's core products but also empowers the steel industry in its decarbonization efforts, creating new growth opportunities for the company [3] - The chairman of Fangda Carbon emphasized the commitment to deepen collaborative innovation and provide high-quality products and services to support the steel industry's transition to low carbon [3]

Group 1 - The core collaboration between Fangda Carbon and Beijing University of Science and Technology focuses on the research and development of electric arc furnace direct reduction iron technology, aiming to address key technological bottlenecks in the low-carbon transition of the steel industry [1] - The project aims to provide low-carbon, clean, and high-quality iron source solutions for electric furnace steelmaking by evaluating energy consumption, energy utilization efficiency, metal recovery rate, carbon emissions, and iron water quality [1][3] - Fangda Carbon has established a complete industrial chain with an annual production capacity of 260,000 tons of carbon products, exporting to over 60 countries and regions globally [2] Group 2 - The electric arc furnace direct reduction iron (DRI) technology is expected to reduce carbon dioxide emissions by approximately 75% compared to traditional steelmaking processes [3] - The company plans to leverage this project to enhance collaborative innovation between industry and academia, contributing to the deep decarbonization of the steel industry [3] - Fangda Carbon has developed high-performance graphite electrodes and carbon bricks that improve melting efficiency and operational continuity, supporting the economic scalability of DRI production [2]

Core Viewpoint - The Xishe Chemical Park in Shanxi Province is actively promoting a circular economy through various initiatives, including collaboration on green electricity projects and the installation of equipment for high-activity silica adsorbent materials, positioning itself as a model for green low-carbon transformation [1] Group 1: Circular Economy Initiatives - The Xishe Park covers an area of 17 square kilometers and focuses on fine chemicals and carbon-based new materials, implementing a "chain-based investment" strategy to ensure resource complementarity among new enterprises [2] - A specialized investment team has been established to target key industries such as coal coking and waste utilization, aiming to create a "leading enterprise drives multiple projects" effect [2] - The park has introduced supportive policies, including tax reductions and financial subsidies for projects that achieve resource utilization, alongside a "standard land + commitment system" to expedite project initiation [2] Group 2: Innovative Business Models - The park employs an "investment through business" model, leveraging existing enterprises' resources to attract upstream and downstream companies, exemplified by the successful integration of multiple coking and fine chemical projects [3] Group 3: Resource Utilization Efficiency - A closed-loop system has been established, comprising "small loops" at the enterprise level, "medium loops" at the park level, and "large loops" across industries, maximizing value output with minimal resource consumption [4] - The park facilitates resource sharing among enterprises, such as the transfer of coke oven gas for ammonia and urea production, creating a material closed loop [4] Group 4: Strategic Planning - The park's development strategy incorporates horizontal coupling and vertical green extension, ensuring that circular economy principles are integrated into every aspect of park construction [5] - Proximity planning for upstream and downstream enterprises reduces transportation distances and costs, enhancing the efficiency of the circular economy [5] - Future projects include a significant coal tar deep processing initiative, which aims to further extend the circular chain from coal tar to fine chemicals and new materials [6]