The Shanxi Provincial Party Committee and the provincial government are far-sighted, stand at the height of future industrial development, plan the transformation and development of resource-based areas in depth, optimize the layout of state-owned capital, and rename Yangmei Group, the world's top 500 traditional coal enterprise, as Huayang New Materials Science and Technology Group, which is an effective measure to realize "one coal is the only one" and a solution for resource-based areas to take the lead in transformation and walk out of a new road. It is of great strategic and far-reaching historical significance to gather innovative resource elements, form scale cluster effect, strive for the leading position in the industry, build leading enterprises in the field of new materials, and promote the high-quality economic transformation of the province.
The group currently has 60,000 employees, with total assets of about110 billion yuan, 42 molecular companies 142, and two listed companies, Shanxi Huayang Group Xinneng Co., Ltd. and Shanxi Huayang New Materials Co., Ltd.