Chairman Zheng Peng attended the 2019 China Entrepreneurs Boao Forum and granted an exclusive interview to Xinhua News Agency’s “Xinhua Finance” program.

Release Date:

2019-12-04

Recently, Chairman Zheng Peng attended the 2019 China Entrepreneurs Boao Forum in Qionghai, Hainan, and on the afternoon of the 2nd granted an exclusive interview to Xinhua News Agency’s “Xinhua Finance” program. He articulated a clear stance: corporate innovation and high-quality development should center on the five major development concepts—innovation, green growth, harmony, coordination, and shared benefits—to elevate the overall quality of enterprises.

Recently, Chairman Zheng Peng attended the 2019 China Entrepreneurs Boao Forum in Qionghai City, Hainan Province, and on the afternoon of the 2nd granted an exclusive interview to Xinhua News Agency’s “Xinhua Finance” program. He articulated a clear stance: corporate innovation and high-quality development should center on the five major development concepts—innovation, green growth, harmony, coordination, and shared benefits—in order to elevate the overall quality of enterprises.

In 2019, Pengfei ranked among the Top 500 Private Enterprises nationwide and made a significant leap in Shanxi’s Top 100 Enterprises list, breaking into the top ten. Amid a sluggish national coal‑coking‑steel market, the company emerged as a standout performer, demonstrating its ambitious resolve to lead China’s energy revolution.

Pengfei’s most significant transformation since 2008—“focusing on the middle while squeezing both ends”—has been underpinned by Shanxi’s Lüliang region’s abundant coking coal resources. The company has built China’s first 6.25-meter, three-stage heated push‑type coke oven and the nation’s largest chemical complex that co‑produces methanol and LNG along a single process line, once again reaping the benefits of scale, intensive operations, and technological leadership. It has also aggressively acquired upstream coal‑mining assets, and today has grown into a diversified, high‑tech, circular‑economy private enterprise with total assets exceeding RMB 50 billion and more than 15,000 employees. Its operations span raw coal mining, premium coal washing and beneficiation, coke production, the manufacture of chemical products such as methanol, coal‑gas power generation, logistics and transportation, and even a five‑star hotel.

Chairman Zheng Peng stated that safeguarding environmental protection and ensuring product quality are non-negotiable priorities, akin to the very foundation of life. He also drew a vivid analogy based on customer feedback: “Without PENGFEI’s coke, steelmakers cannot operate; without PENGFEI’s methanol, drivers cannot drive.”

Without PENGFEI’s coke, the steelmaking process cannot proceed.

Once they leave Pengfei, methanol drivers won’t drive.

Chairman Zheng Peng stated that, going forward, Pengfei Group will upgrade its traditional industries to the high end and green‑ify its polluting sectors. At the same time, it will integrate information technology and automation to achieve intelligent operations, enabling the company’s development to continuously advance toward higher quality and greater efficiency.