Total profits accounted for over half of the aggregate for provincial state-owned enterprises in Shaanxi. On February 3rd, it was learned from the Third Session of the Fifth Workers' Congress and the 2026 Work Conference of Shaanxi Coal and Chemical Industry Group that the Group achieved operating revenue of 501.1 billion yuan and a profit of 35 billion yuan in 2025. Throughout the 14th Five-Year Plan period, the effective expansion of dominant product supply, continuous optimization of industrial structure adjustments, and precise application of technological innovation have cumulatively generated 2.4 trillion yuan in revenue and 223.9 billion yuan in profit. These figures represent 30% and 58% of the respective totals for all provincial state-owned enterprises in Shaanxi, burnishing the "golden brand" of high-quality development.
Over the past five years, Shaanxi Coal Group produced a total of 1.2 billion tons of coal and 94.9 million tons of chemical products, representing year-on-year growth of 50% and 15.4%, respectively. The Group's coal output consistently ranked 5th nationally, accounting for 32.1% of the provincial total. Within the chemical sector, the proportion of modern coal chemical output—including polyolefins, ethylene glycol, carbon fiber, and coal-to-liquids—increased to 13.1%. The ethylene glycol business established a "one south, one north" industrial layout, contributing over one-third of the national output and nearly two-thirds of the industry's profits with less than one-quarter of the national production capacity.
During this five-year span, the Group completed cumulative investments totaling 156 billion yuan, with strategic emerging industries constituting 28.1% of this amount, facilitating a significant transformation of its industrial structure. Major projects such as the first phase of the Yulin Chemical 15 million tons/year coal grading clean and efficient conversion demonstration project, the Pujie Clean Energy 40,000 tons/year ultra-high molecular weight polyethylene facility, and the first phase of the Yulin Hengshen 20,000 tons/year high-performance carbon fiber project were successfully commissioned. Progress accelerated on subsequent projects like the second phase of Yulin Chemical and the Pujie Clean Energy Polyolefin Elastomer (POR) project. The Group also achieved a breakthrough in new energy, with installed capacity reaching 2.15 million kilowatts.
Focusing on extending, supplementing, and strengthening its industrial chains, the Group actively explored the implementation of projects in niche segments such as specialty polypropylene and polyoxymethylene. (The accompanying image shows the hoisting of the first major equipment for the second phase of the Shaanxi Coal Yulin Chemical project in December 2025.)
Cumulative R&D investment over the five years reached 30.59 billion yuan, leading to breakthroughs in over 200 key core technologies and the granting of 6,871 patents. The Group established 3 national-level and 35 provincial/ministerial-level innovation platforms. A number of scientific achievements spearheaded industry innovation, resulting in the development of 34 intelligent mines and 5 smart mining areas, where intelligent coal production capacity now accounts for 97%. The Group built the nation's first gas "zero emission" demonstration mining area, increasing the comprehensive utilization rate of gas by 17.5 percentage points. Its carbon fiber products passed military certification, staged progress was made in producing special aerospace oils from full-range coal tar hydrogenation, the world's first large-scale synthesis of polyolefin elastomers via the ethylene method was achieved, and the globe's first ten-million-ton coal slurry pipeline reached full production capacity. These pioneering accomplishments highlight the Group's transformative development and its "breaking the cocoon to become a butterfly" in cultivating new quality productive forces.
Confronting challenges such as insufficient effective domestic demand and overcapacity in certain products, particularly the polarization within the chemical market, Shaanxi Coal Group focused on "optimizing existing assets" to unleash superior production capacity. It emphasized internal and external coordination, implementing a combined strategy of internal collaboration and cost reduction/efficiency gains. Notably, since the initiation of specific work programs, coordinated efforts in cost control and revitalizing idle assets led to cumulative reductions of 10.8% in per-ton coal cost, 8% in per-kilowatt-hour electricity cost, and 24.7% in the weighted average cost of major chemical products. Ten categories of expenses decreased by 24.4%, resulting in cumulative savings of 15.76 billion yuan, while the total value of internal collaboration reached 158.1 billion yuan.
The conference included recognition and awards for outstanding units and individuals from the year 2025. (Photographs courtesy of Wang Lin and Gao Yimu.)
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