Guizhou Panjiang Refined Coal

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The company was founded in 1966 in Guiyang, Guizhou. The holding company is engaged in coal mining and related resources (mainly natural gas), construction materials, mechanical and electrical equipment manufacturing and repair, mining machinery maintenance, environmental protection, logistics, financial services, real estate and agricultural operations.

Guizhou Panjiang Refined Coal is the largest company of the holding company. It was founded in 1999 in Lupanshui and is mainly engaged in coal mining, processing and sales in China and abroad. The company offers coking and injection coal for use in the steel and chemical industries; thermal coal for power generation, cement and other industries.

Shares of the group's subsidiary, Panjiang Refined Coal, are traded on the Shanghai Stock Exchange.

In 2018, the holding was reorganized and in addition to Panjiang Coal and Electricity Group, it included Panjiang Capital (previously Panjiang Mining Bureau), Shuiming Group (previously Shuicheng Mining Bureau), Liuzhi Industrial and Mining (previously Liuzhi Mining Bureau), Lindong Mining (previously Lindong Mining Bureau) and Panjiang Power Investment (previously Guangtou Qiangui Company). In April 2020, Bijie Zhongcheng Energy Co. joined the group's management.
As of 2021, the holding company has more than 50,000 employees.