Congratulations! Pengfei has been listed among China’s Top 500 Private Enterprises for the fifth consecutive year, ranking first in the coal industry and topping the list of Shanxi-based private enterprises.

Release Date:

2023-09-14

Pengfei ranked 92nd on the 2023 List of China’s Top 500 Private Enterprises.

On September 12, the All-China Federation of Industry and Commerce released the 2023 Ranking of China’s Top 500 Private Enterprises. Pengfei achieved a historic milestone by surpassing RMB 100 billion in revenue—reaching RMB 102.969 billion—placing it at No. 92 on the list, a four-place jump from its 2022 ranking. It also secured the top spot in China’s coal industry and claimed the No. 1 position among Shanxi-based private enterprises, becoming the only private company from Shanxi Province to make the national top 100.

On the same day, the 2023 Top 500 Private Manufacturing Enterprises in China was released, with Pengfei ranking 60th—up 61 places from last year. On September 13, the 2023 Top 500 Chinese Petroleum and Chemical Enterprises (Comprehensive Category) was announced, placing Pengfei at No. 25. Meanwhile, the China Association of Manufacturing Enterprises published the “2023 Top 200 Chinese Manufacturing Enterprises by Overall Strength,” where Pengfei ranked 73rd.

From 2019 to 2023, Pengfei has been listed among the Top 500 Chinese Private Enterprises for five consecutive years. For two consecutive years, it has ranked among the Top 100 private enterprises nationwide, climbing from 429th to 92nd place and increasing its annual revenue from RMB 207.5484 million to RMB 1.0296933 billion. Pengfei keeps pace with the times and grows stronger year after year!

Over the past 30 years, Pengfei has consistently upheld the principle that national strategy is its paramount strategic priority. Starting with a capital of RMB 25,000, and guided by a spirit of tackling challenges head-on, driving innovation, pursuing steadfast execution, and forging ahead with unwavering determination, the company has grown into a digital, circular, and green private enterprise integrating coal, coke, methanol, LNG, synthetic ammonia, high-purity hydrogen, hydrogen-powered heavy-duty trucks, as well as equipment manufacturing, cultural tourism, hospitality, and real estate—now boasting total assets exceeding RMB 150 billion.

Pengfei is committed to building “Pengfei Science and Technology Innovation”—investing over RMB 500 million annually in R&D; co‑establishing the “Green and Intelligent Coal‑Coke Chemical Industry Technology Research Institute” with Taiyuan University of Technology; jointly founding the “Advanced Manufacturing Joint Laboratory for Hydrogen‑Energy Vehicles” with Shanghai Jiao Tong University; and partnering with North China University of Technology to set up the “Shanxi Provincial Key Laboratory for Advanced Carbon‑Based Electrode Materials.” Its pilot‑scale test base, covering 11 hydrogen‑energy R&D areas—including production, storage, transportation, and equipment manufacturing—provides a platform for domestic and international hydrogen‑related R&D projects, serving as a demonstration base for the commercialization of hydrogen‑energy technologies in Shanxi Province and fostering collaborative technology transfer. Additionally, Pengfei has established the province’s only national postdoctoral research workstation among private enterprises, employs more than 50 expert professors on a full‑time basis, and has obtained over 20 patents.

In recent years, Pengfei has closely aligned itself with national policies and launched a series of fundamental, pioneering, and long-term initiatives: the Pengwan Hydrogen Port Industrial Park, which boasts the world’s largest scale, the most comprehensive industrial chain, and cutting-edge process technologies and equipment; the commissioning of projects such as hydrogen production from coking‑oven off‑gas to ultra‑high‑purity hydrogen and the first electrolysis‑based green hydrogen plant; the operational rollout of integrated hydrogen refueling energy islands, the first batch of 100 hydrogen‑powered heavy‑duty trucks, and hydrogen‑fuelled commuter buses; and the steady progress of fuel‑cell stack and manufacturing projects. As a result, the “gas–station–transport–vehicle” full‑chain ecosystem has been further refined, enabling Pengfei to proactively integrate into the national hydrogen industry’s overall development framework and actively forge new pathways for economic growth within the hydrogen value chain.

Pengfei has firmly seized the historic opportunities presented by the central government’s support for the robust development of the private sector and Shanxi Province’s accelerated push to advance hydrogen energy. Adhering to a strategy of forward‑looking planning, project‑driven growth, innovation‑led transformation, cluster‑building, pilot initiatives, and proactive leadership, the company has positioned itself at the forefront of the hydrogen‑energy future. This has enabled a strategic leap—from traditional energy to new energy, and from conventional industries to emerging ones—while steadily advancing toward its vision of becoming a globally leading smart clean‑energy enterprise. In doing so, Pengfei is paving the way for Shanxi Province’s green energy transition and sustainable development, and contributing to the global achievement of the “dual carbon” goals, thus embarking on a modern journey of high‑quality, full‑chain development.