The company was jointly founded as a joint-stock corporation by the former Pingmei Group as the principal initiator, together with Zhongyuan (Group) Co., Ltd. of Pingdingshan City, Henan Province; Henan Pingyu Railway Co., Ltd.; Chaichuan Mining Bureau of Henan Province (now renamed "Chaichuan Mine of Pingdingshan Tian'an Coal Industry Co., Ltd."); Pingdingshan Tannery; and the Coal Industry Ministry's Coal Preparation Design Research Institute (now renamed "Pingdingshan Coal Preparation Design Research Institute Co., Ltd."). On November 23, 2006, the company's shares were listed and began trading on the Shanghai Stock Exchange. The company's principal business activities include coal mining, coal washing, processing, and sales. Its main products are blended coal and metallurgical-grade refined coal, among others. Corporate honors include: Advanced Unit; the 2008 China Top 100 Listed Companies Golden Bull Award; the "Best Practice in the 2022 Annual Report Earnings Conference Call" award; and the "China Top 100 Enterprises Award," among others.
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Coal mining, coal washing, beneficiation and deep processing, and coal sales; road freight transportation; manufacturing and repair of mechanical equipment; repair of electrical machinery; sales of metal materials, construction materials, mining supplies, and rubber products; production of tap water, installation and maintenance of tap water pipelines; wastewater treatment and reuse; other water treatment, utilization and distribution; retail sale of ethanol gasoline, diesel fuel, and lubricating oils for vehicles (limited to operations conducted by branch institutions with appropriate licenses); geodetic surveying, mapping, aerial photography, photogrammetry and remote sensing, engineering surveying, boundary and real estate surveying, and map compilation; exploration of solid mineral resources—Class B; geological drilling—Class B; equipment leasing and retail sale of industrial and mining accessories; sales of electronic products and communication equipment (excluding wireless devices); power supply and electricity sales; transmission and distribution of electric energy; construction of power projects and telecommunications projects; energy technology services; promotion, development, consulting, exchange, and transfer services for energy-saving technologies; design, maintenance, management, and operation of power projects; wholesale and retail sale of power equipment, electromechanical equipment, communication equipment, hardware tools, and electrical materials; research and development, technical services, and technical consulting in coal and coal chemical technologies.