Shenhuo Coal & Power makes Shenhuo New Materials a wholly-owned subsidiary

Henan Shenhuo Coal & Power Co., Ltd. (Shenhuo Coal & Power) has successfully completed the acquisition of a 14.6869% equity stake in Shenhuo New Materials Technology Co., Ltd. (Shenhuo New Materials) from Shangqiu Xinfa Investment Co., Ltd.

The transaction, approved by Shenhuo Coal & Power's board on July 22, 2025, involved a public delisting and transfer process. According to a notice from the Henan Provincial Property Rights Exchange Center in August 2025, Shenhuo Coal & Power acquired the stake for a price of 298,290,900 yuan. The company announced the completion of the related industrial and commercial change registration and filing procedures on November 24, 2025.

Following the change, Shenhuo New Materials, established on August 2, 2017, with a registered capital of 907,661,600 yuan, is now a wholly-owned subsidiary of Shenhuo Coal & Power. Its business scope includes the development and production of non-ferrous metal composite materials, sales of self-produced products, and related wholesale, import/export, and technical services for aluminum and its products (excluding alumina).