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I. Brief introduction:
Jiaozuo Coal Group Co., Ltd., a state-owned enterprise by the People’s Government of Henan Province, has 22 subsidiary companies and 17 branches. With 10 mines and the production of 6,060,000 t/a coal, the company ranks the 33rd among the same industries at home. The output of crude coal was 5,530,000 tons in 2005. The sales revenues were 3.1 billion and 4.3 billion RMB in 2004 and in 2005. The profit & tax were 277 million and 390 million RMB in 2004 and in 2005. By the end of 2005, the company has the total assets of 4.51 billion RMB and the total debt of 2.02 billion RMB. The debt ratio is 44.8%.
II. Cooperative project:
It is inclined to build the extension project of Guhanshan Mine, which increases the production capacity of crude coal up to 1,500,000 t/a from 700,000 t/a. The total investment is 478 million RMB including foreign fund 150 million RMB and the enterprise raising 328.22 million RMB. After the project finished, the added production capacity is 800,000 t/a. The added sales income and profit & tax will be 239 million and 125 million RMB.
III. Forms of cooperation:
Joint venture or cooperation
IV. Ways of contact:
Contact person: Zhang Pingfang
Tel: 0391-3539870
Fax: 0391-3539249
Add: No.239 Middle Jiefang Road, Jiaozuo City, Henan Province, China
P.C: 454002
E-mail: ghfzcghk@sina.com
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