Jinneng Holding Shanxi Coal signs financial services deal, revises governance

Jinneng Holding Shanxi Coal Industry Co., Ltd. announced a financial services agreement with Jinneng Holding Group Finance Co., Ltd., a subsidiary of its indirect parent company, Jinneng Holding Group. This three-year agreement, effective upon shareholder approval, will see the finance company provide deposits, settlements, and comprehensive credit services, with a daily maximum deposit and loan balance of yuan 1,500 million each. Deposit interest rates will range from 0.10%-2.60%, and loan interest rates from 2.00%-3.50%. The finance company, with a registered capital of yuan 204,082 million, is 51% owned by Jinneng Holding Group.

Concurrently, the company announced the cancellation of its Supervisory Board, with its functions transferred to the Audit Committee. The company's Articles of Association were revised to reflect this change and to update its business scope, now including coal and related products sales, mining machinery manufacturing, and various technical services. These revisions align with the new Company Law and regulatory guidelines.

For the first nine months of 2025, the company reported total operating revenue of yuan 9.32 bn and net profit attributable to shareholders of yuan 1.28 bn. These figures represent a decrease compared to the previous year, reflecting market conditions. The company’s risk assessment confirms that the finance company operates under a sound internal control system, mitigating associated financial risks.