Is Shandong Luneng Group rich or Jiangsu Guo Xin (Shuntian has been merged into Guo Xin Group) rich? Both companies are state-owned enterprises.

Shandong Luneng must have money. Shandong Electric Power Group behind Luneng is a wholly-owned subsidiary of State Electric Power Corporation, with electricity as its core business. It has 23 branches such as 17 municipal electric power bureaus in the province, and 4 wholly-owned subsidiaries such as Shandong Electric Power Company, Shandong Nuclear Power Group Company, Luneng Holding Group Company and Luneng Xinyuan Holding Co., Ltd., holding, participating in and entrusting 22 power generation enterprises, 7 power construction and design enterprises, 23 enterprises engaged in multi-clock industry and 6 financial enterprises.

The company has 56,000 employees. By the end of 200 1, the total assets of Shandong electric power group will reach 75.6 billion yuan. In 20001year, the total income was 37.4 billion yuan, and the profits and taxes were 4.82 billion yuan. 1In July, 1998, Shandong Electric Power Group Company was named as the first "China first-class entrusted power company" by the State Power Company.

Luneng Group is a modern enterprise group with diversified property rights and group development formed by Shandong Electric Power in the process of developing various industries. At present, the business field has been involved in financial securities, high technology, information and communication, industrial industry, high-trade tourism, mining development, real estate and sports culture and many other fields, and its comprehensive strength is increasing day by day. By the end of 200 1 year, Luneng Group had achieved a total income of 23.2 billion yuan and a profit and tax of 2.9 billion yuan. In 2000, Luneng Group was named "Top Ten Most Influential Enterprises in China". According to the evaluation of authoritative organizations, the intangible assets of "Luneng" brand are worth 42.8 billion yuan, which is a well-known trademark in China, and Luneng trademark is rated as "the trademark with the highest recognition rate in China".

Compared with those upstairs, the conclusion is that Shandong Luneng has money.