**The energy group Ningxia Coal Industry Company is cooperating with Shaanxi Coal Group

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**In order to deepen and expand their diversified cooperation, Ningxia Coal Industry Company of the Energy Group joined forces with Shaanxi Coal Group. On March 17, a delegation of 11 people led by Zhang Shengli, Secretary of the Party Committee and Chairman of Ningxia Coal Industry Company of the Energy Group, Zhou Guanghua, Chief Engineer, Wang Hailiang, Member of the Party Committee and Chief Accountant, and Jiao Hongqiao, Member of the Party Committee and Deputy General Manager, went to Shaanxi Coal Group for discussions and signed a strategic cooperation agreement. Yang Zhaoqian, Secretary of the Party Committee and Chairman of Shaanxi Coal Group, Zhao Futang, Vice President, Wang Shibin, member of the Party Committee and Vice President, Du Ping, Chief Economist, as well as the heads of relevant departments and units within the group, attended the discussion. During the discussion, Zhang Shengli said that in recent years, Shaanxi Coal Group has achieved impressive speeds of development and a high level of quality improvement, which is truly enviable. Its management structure and control models, as well as its strategies for technological innovation and the projects and technical plans designed to support development during the 14th Five-Year Plan period, provide valuable insights for Ningxia Coal Group. This exchange and inspection have been extremely fruitful. He said that after the two sides sign a strategic cooperation agreement, they will gradually expand their business activities to achieve mutual benefit and common development. Yang Zhaoqian outlined the principles guiding the development of coal-to-oil conversion projects by Shaanxi Coal Group, as well as the approach and design plans for the Yulin Chemical Company project that is currently under construction by Shaanxi Coal. He stated that the company aims to turn the regional advantages associated with coal resources in Yulin into industrial and economic strengths for the area. In his speech, he said that Shaanxi Coal and Ningxia Coal have similar industries, are related to one another, and share the same core business; they have always worked together and grown side by side in this sector. The two parties have a solid foundation for cooperation in various areas such as the procurement and supply of coal and equipment, as well as technical exchanges. As the largest and most important enterprise in the Ningxia Hui Autonomous Region, Ningxia Coal has developed a world-class coal-to-oil chemical industry. It is also at the forefront of the industry in areas such as technological innovation and the construction of green mines, serving as a model for Shaanxi Coal to learn from and emulate. Following the signing of the agreement, Shaanxi Coal will cooperate closely and provide support to Ningxia Coal. The subsidiaries of Shaanxi Coal Group, such as the Transportation and Marketing Group, Chongzhuang Xi Coal Machinery Company, and Zhiyin Company, will supply Ningxia Coal with high-standard, high-quality products as well as the best services. It is hoped that both sides will foster a deeper understanding and carry out broader cooperation in the future. Wang Hailiang introduced the development history, industrial layout, and operational status of Ningxia Coal Company. Ningxia Coal Industry Company was established on January 18, 2006. It is a state-owned energy enterprise founded through a joint venture between **Energy Group** and the Party Committee of Ningxia Hui Autonomous Region. Its main business activities involve coal and coal-based oil chemical production, while its scope of operations includes the deep processing and comprehensive utilization of coal, mechanical processing and maintenance, as well as the construction of energy projects. Zhao Futang introduced the development history of Shaanxi Coal Group, the diversified and complementary industrial structure that has emerged as a result of this development, as well as the group’s performance over the whole of last year and the first two months of this year. He also summarized the four key characteristics of Shaanxi Coal Group’s development over the past decade and more: innovation is the primary driving force behind corporate development, reform is the most effective tool for overcoming development challenges, cooperation is the key element for strengthening corporate growth, and the integration of industry and finance creates a dual drive for development. By signing this strategic cooperation agreement, the two parties aim to establish a long-term and stable strategic partnership and promote the coordinated development of industrial chains in sectors such as coal, equipment manufacturing, and chemicals. Shaanxi Coal Group and Ningxia Coal Industry Company will further deepen and expand their economic diversification cooperation, make full use of their respective strengths, and work together to build a \"development community.\" Under the terms of the agreement, the two parties will cooperate in the purchase and sale of coal, and they will also enhance technical exchanges in areas such as the procurement of materials and equipment, the development of smart mine projects, coal chemical industry projects, and production and construction projects. By learning from one another, they aim to continuously improve the technical standards of their respective industries. It is reported that following the symposium, the delegation from Ningxia Coal Company will visit Zhiyin Technology Company, Ximeiji Company, Yulin Chemical, as well as Caojiatan Coal Mine of Yubei Coal Industry, which are all part of Shaanxi Coal Group, for inspections and research.