Co-Creating a Better Life, Demonstrating the Responsibility of Private Enterprises | Pengfei Ranked 92nd on the 2024 China Top 500 Private Enterprises List

Release Date:

2024-10-15

On October 12, the 2024 China Top 500 Private Enterprises Release Conference and the “Leading Private Enterprises to Gansu” national event were held in Lanzhou, Gansu Province, where the lists of the “2024 China Top 500 Private Enterprises” and the “2024 China Top 500 Private Manufacturing Enterprises” were unveiled.

Pengfei Group ranks 92nd among China’s Top 500 Private Enterprises, 61st among China’s Top 500 Private Manufacturing Enterprises, and holds the top position among private enterprises in Shanxi Province.

Over the past 31 years, Pengfei Group has steadfastly adhered to the development philosophy that “national strategy is Pengfei’s paramount strategy, and the rhythm of the times guides our progress.” Starting with a capital of RMB 25,000, the company has grown into a fully integrated, digitally driven, circular‑economy‑oriented, and environmentally sustainable enterprise, now boasting total assets of RMB 150 billion and a workforce of 30,000 employees. Its operations span coal, coke, chemical processing, power generation, hydrogen energy, equipment manufacturing, as well as cultural tourism, hospitality, and real estate. From 2019 to 2024, Pengfei was consecutively listed among the Top 500 Chinese Private Enterprises and the Top 500 Chinese Manufacturing Private Enterprises for six years running.

With the care and support of Party committees and governments at all levels, Pengfei has not only achieved continuous transformation and development but has also demonstrated a strong sense of responsibility and proactive commitment to giving back to society. To this end, it established the Shanxi Pengfei Charity Foundation, named after the company, which has played a leading role in poverty alleviation, providing assistance to those in need, supporting education, and mitigating and responding to disasters. The company has also actively participated in the protection and development of Xiaoyi Old Town, striving to meet people’s aspirations for a better life. Furthermore, it is vigorously developing the entire hydrogen energy industry chain, leveraging its corporate strength to drive the growth of China’s strategic emerging industries.

The “People’s Republic of China Law on Promoting the Private Economy (Draft for Public Comment),” recently released by the State Council, has further bolstered private enterprises’ confidence and resolve. Looking ahead, Pengfei Group will continue to align itself with national strategies, steadfastly pursuing a development path that is high‑end, differentiated, intensive, circular, environmentally friendly, and internationally collaborative—characterized by competitiveness, distinctiveness, and unique strengths. The Group is committed to building a comprehensive hydrogen‑energy industrial chain, envisioning a grand blueprint: a zero‑carbon hydrogen‑powered logistics network spanning Shanxi, Hebei, Tianjin, Beijing, Inner Mongolia, Shaanxi, Gansu, Ningxia, and Xinjiang; tens of thousands of hydrogen‑refueling stations; one million hydrogen‑fuel vehicles; and a multi‑million‑ton hydrogen‑energy supply base. Through these efforts, Pengfei aims to inject momentum into the high‑quality development of China’s energy sector and its modernization drive, while persistently striving to realize its vision of becoming a globally leading smart clean‑energy enterprise.