Shanxi Coking Company

Shanxi Coking Co., Ltd.
Shanxi Coking Co., Ltd.
Simplified Chinese	山西焦化股份有限公司
Traditional Chinese	山西焦化股份有限公司
Literal meaning	Shanxi Coking Company Limited by Shares
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Shānxī jiāohuà gǔfèn yǒuxiàn gōngsī
Shanxi Coking
Simplified Chinese	山西焦化
Traditional Chinese	山西焦化
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Shānxī Jiāohuà

Shanxi Coking
山西焦化集团有限公司
Company type	public
Traded as	SSE: 600740
Industry	Coal
Founded	23 October 1995
Founder	Shanxi Coking Group
Headquarters	Hongtong County, Linfen, China
Products	Coke, methanol and coal related products
Revenue	CN¥3.4 billion (2015)
Operating income	(CN¥773.0 million) (2015)
Net income	(CN¥830.2 million) (2015)
Total assets	CN¥10.6 billion (2015)
Total equity	CN¥2.0 billion (2015)
Owner	Shanxi Coking Group (14.22%); Xishan Coal & Electricity Power (11.50%); China Fortune Trust (8.36%);
	Footnotes / references; in a consolidated basis

Shanxi Coking Co., Ltd. (SCC) is a publicly traded coke manufacturing conglomerate in China. The company was listed on Shanghai Stock Exchange.

In 2015 Shanxi Coking had sold 3.25 million tons of coke, 233.9 thousand tons of methanol, 62.4 thousand tons of carbon black, 91.9 thousand tons of asphalt and 14.9 thousand tons of coking toluene (Chinese: 焦化甲苯).^[2] The listed company also had a massive related deal with its largest shareholder Shanxi Coking Coal Group, which purchased CN¥2.1 billion of coal from the company in 2015.^[1]^[2]

History[edit]

Shanxi Coking Co., Ltd. was incorporated on 23 October 1995 as company limited by shares, as a subsidiary of Shanxi Coking Group (Chinese: 山西焦化集团). On 8 August 1996, the shares of the company started to float on Shanghai Stock Exchange.^[3] In 2001 the parent company merged with other companies to form Shanxi Coking Coal Group (Chinese: 山西焦煤集团). In 2005 Shanxi Coking Group sold 24.19% stake of the listed company to Xishan Coal and Electricity Power (Chinese: 西山煤电股份) another listed company and subsidiary of Shanxi Coking Coal Group^[4] for CN¥260 million (CN¥4.87 per share).^[5] After the deal Shanxi Coking Group owned 34.15% stake and Xishan Coal & Electricity Power owned 24.19% stake.^[4] After several capital increases, Shanxi Coking Group owned 14.22% stake and Xishan Coal & Electricity Power owned 11.50% stake only.^[4]

A backdoor listing of 49% equity stake in Huajin Energy (Chinese: 山西中煤华晋能源有限责任公司) was announced in April 2016 by issuing new shares and cash to acquire from Shanxi Coking Group.^[4] The rest of the stake was owned by another listed company (and competitor) China Coal Energy.^[4] After the deal, Shanxi Coking Coal Group would owned 47.87% stake of the listed company via wholly owned subsidiary Shanxi Coking Group and 5.27% stake via subsidiary Xishan Coal and Electricity Power.^[4]

According to China Coal Energy, Huajin Energy produced 9.95 million tonnes of coal in 2015, accounted for 10.4% total production mass of China Coal Energy.^[6]

Shareholders[edit]

As at 31 December 2015, Shanxi Coking Group owned 14.22% stake as the largest shareholder. It was followed by Xishan Coal and Electricity Power (11.50%), both subsidiary of Shanxi Coking Coal Group.

References[edit]

^ ^a ^b "2015 Auditor's Report" (PDF). Shanxi Coking Co., Ltd. (in Chinese). Shanghai Stock Exchange. 29 March 2016. Retrieved 1 November 2016.
^ ^a ^b "2015 Annual Report" (PDF). Shanxi Coking Co., Ltd. (in Chinese). Shanghai Stock Exchange. Retrieved 3 November 2016.
^ "山西焦化股份有限公司600740: 公司概况" (in Chinese). Shanghai Stock Exchange. Retrieved 1 November 2016.
^ ^a ^b ^c ^d ^e ^f "山西焦化发行股份及支付现金购买资产并募集配套资金暨关联交易预案（修订稿）" (PDF). Shanxi Coking Co., Ltd. (in Chinese). Shanghai Stock Exchange. 27 April 2016. Retrieved 1 November 2016.
^ "山西西山煤电股份有限公司董事会关联交易公告". Xishan Coal and Electricity Power (in Chinese). Shenzhen Stock Exchange. 22 February 2005. Retrieved 1 November 2016.
^ "2015 Annual Report" (PDF). China Coal Energy. Hong Kong Stock Exchange. 29 April 2016. Retrieved 1 November 2016.