# Ningxia Baofeng Energy Group Co., Ltd.

> Chinese company producing and selling coal chemicals which includes tar, thiamine, and benzol

**Wikidata**: [Q105976216](https://www.wikidata.org/wiki/Q105976216)  
**Source**: https://4ort.xyz/entity/ningxia-baofeng-energy-group-co-ltd

## Summary
Ningxia Baofeng Energy Group Co., Ltd. is a Chinese public company specializing in the production and sale of coal chemicals, including tar, thiamine, and benzol. Founded in 2005 and headquartered in Yinchuan, it is listed on the Shanghai Stock Exchange under the ticker 600989 and employs over 20,000 people as of 2024.

## Key Facts
- **Founded**: 2005
- **Headquarters**: Yinchuan, People's Republic of China
- **Industry**: Coal industry (coal chemicals production)
- **Publicly Traded**: Listed on the Shanghai Stock Exchange (ticker: 600989)
- **Employee Count**: 20,413 (as of December 31, 2024)
- **Products**: Coal chemicals, including tar, thiamine, and benzol
- **Legal Status**: Public company and mining company
- **Aliases**: Also known as Ningxia Baofeng Energy Co., Ltd. and 宝丰能源

## FAQs
**What does Ningxia Baofeng Energy Group Co., Ltd. produce?**
The company specializes in coal chemicals, manufacturing products such as tar, thiamine, and benzol.

**When was Ningxia Baofeng Energy Group Co., Ltd. founded?**
It was established in 2005 and has since grown into a major player in China's coal chemical industry.

**Where is Ningxia Baofeng Energy Group Co., Ltd. headquartered?**
The company is based in Yinchuan, the capital of China's Ningxia Hui Autonomous Region.

**How many employees does Ningxia Baofeng Energy Group Co., Ltd. have?**
As of December 31, 2024, the company employs 20,413 people.

**Is Ningxia Baofeng Energy Group Co., Ltd. publicly traded?**
Yes, it is listed on the Shanghai Stock Exchange under the stock code 600989.

## Why It Matters
Ningxia Baofeng Energy Group Co., Ltd. plays a significant role in China's energy and chemical sectors by converting coal into valuable chemical products. As a publicly traded company, it contributes to regional economic development in Ningxia while providing essential raw materials for industries reliant on coal-derived chemicals. Its operations support downstream manufacturing and energy production, making it a key player in China's industrial supply chain.

## Notable For
- Being one of China's major producers of coal chemicals, including tar, thiamine, and benzol.
- Employing over 20,000 people, making it a significant employer in the Ningxia region.
- Its public listing on the Shanghai Stock Exchange (600989), ensuring transparency and investor access.
- Operating in the coal industry while diversifying into chemical production, reflecting China's industrial evolution.

## Body

### **Company Overview**
Ningxia Baofeng Energy Group Co., Ltd. is a Chinese enterprise focused on the production and distribution of coal chemicals. Its primary products include tar, thiamine, and benzol, which are derived from coal processing and serve as critical inputs for various industrial applications.

### **History and Founding**
The company was established in **2005** and has since expanded its operations within China's coal and chemical sectors. Its growth aligns with China's broader industrial strategies, particularly in regions rich in coal resources like Ningxia.

### **Corporate Structure and Governance**
As a **public company**, Ningxia Baofeng Energy Group Co., Ltd. is subject to regulatory oversight and financial disclosure requirements. It is also classified as a **mining company**, reflecting its roots in coal extraction and processing. The company is governed by a board of directors and operates under Chinese corporate law.

### **Operations and Facilities**
Headquartered in **Yinchuan**, the capital of Ningxia Hui Autonomous Region, the company leverages local coal reserves to produce chemical derivatives. Its operations contribute to the regional economy while supporting national industrial demand.

### **Financial and Market Presence**
The company is listed on the **Shanghai Stock Exchange** under the ticker **600989**, allowing public investment and trading of its shares. As of **December 31, 2024**, it employs **20,413 people**, indicating its scale within the industry.

### **Industry and Economic Role**
Ningxia Baofeng Energy Group Co., Ltd. operates within the **coal industry**, a sector critical to China's energy and chemical manufacturing. By converting coal into chemicals, the company bridges traditional mining with advanced industrial applications, supporting sectors such as pharmaceuticals, materials, and energy.

### **Global and Domestic Recognition**
While primarily focused on the domestic market, the company's public listing and scale make it a notable entity in China's corporate landscape. Its operations are integral to Ningxia's economic development and China's broader chemical industry.

### **Key Products and Applications**
- **Tar**: Used in road construction, roofing, and industrial coatings.
- **Thiamine**: A vitamin B1 derivative with applications in pharmaceuticals and nutrition.
- **Benzol**: A chemical intermediate used in plastics, synthetic fibers, and rubber production.

### **Workforce and Employment Impact**
With over **20,000 employees**, the company is a major employer in Ningxia, contributing to local job creation and economic stability.

### **Regulatory and Environmental Context**
As a coal-based chemical producer, the company operates under China's environmental and industrial regulations, balancing production with sustainability initiatives in the energy sector.

### **Future Outlook**
Given China's ongoing industrial modernization and energy transition policies, Ningxia Baofeng Energy Group Co., Ltd. is positioned to adapt its coal chemical operations to meet evolving market and regulatory demands.

## References

1. [Source](https://stockanalysis.com/quote/sha/600989/company/)
2. [Source](https://stockanalysis.com/quote/sha/600989/employees/)