Xingtai Jinniu Glass Fiber Co., Ltd. | Holding subsidiary | | 100.00 | Yes |
| Zhangjiakou Jinniu Energy Co., Ltd. ||| Holding subsidiary | | 90.00 | Yes |
| Shouyang Tiantai Coal Industry Co., Ltd. | Holding subsidiary | 80.00 | is a subsidiary |
| Jizhong Energy Group Jinniu Trading Co., Ltd. |||| 60.00 | Yes |
| Hebei Jinniu Energy Group Co., Ltd. | Controlling shareholder | 45420.03 | 57.64 | Yes |
||| Jinniu Tiantie Coking Co., Ltd. |||| 50.00 | Yes |
||| Hebei Jinniu Xu Yang Chemical Co., Ltd. |||| 50.00 | Yes |
|| Shouyang Duanwang Coal Chemical Co., Ltd. ||| 40.00 | Yes |
| Hebei Jinniu Chemical Co., Ltd. ||| Holding subsidiary | | 30.29 | Yes
Jizhong Energy Zhangjiakou Mining Group Co., Ltd.