| Feicheng Feikuang Coal Industry | 100.00 | - | - | |
| Yankuang Keao Aluminum Industry | 75.00 | - | - | |
| Xinwen MINING Group | 100.00 | - | - | |
| Feicheng MINING Group | 100.00 | - | - | |
| 兖矿集团有限公司 | - | - | - | |
| Yankuang Xinjiang Energy Chemical Co., Ltd. | 43.16 | - | - | |
| Shandong Energy Guizhou Mining | 38.15 | - | - | |
| 兖矿能源集团股份有限公司 Debarred entity | - | | - | |
| Linyi Mining Group | 100.00 | - | - | |
| Longkou Mining Group Co Ltd | 100.00 | - | - | |
| Shandong Ocean Group Co Ltd | 6.79 | - | - | |
| Shandong Energy Group Chuangyuan Investment Co Ltd | 100.00 | - | - | |
| Shandong Energy Power Sales Co Ltd | 100.00 | - | - | |
| Zibo MINING Group | 100.00 | - | - | |
| Shandong Luhua Clean Energy Co Ltd | 100.00 | - | - | |
| Guizhou Kailin Group Public Co Ltd | 15.96 | - | - | |
| Zaozhuang Mining (Group) Co Ltd | 86.31 | - | - | |
| SHANDONG YULONG PETROCHEMICAL COMPANY Sanctioned entity | 46.11 | - | - | |
| Yankuang Guizhou Energy & Chemical Co Ltd | 34.00 | - | - | |
| Shandong Energy Group Electric Power Group | 93.88 | - | - | |