| Shandong Ocean Group Co Ltd | 6.80 | - | - | |
| Guizhou Kailin Group Public Co Ltd | 16.00 | - | - | |
| Feicheng Feikuang Coal Industry | 100.00 | - | - | |
| Shandong Energy Power Sales Co Ltd | 100.00 | - | - | |
| Shandong Luhua Clean Energy Co Ltd | 100.00 | - | - | |
| Yankuang Keao Aluminum Industry | 75.00 | - | - | |
| Shandong Energy Group Chuangyuan Investment Co Ltd | 100.00 | - | - | |
| Shandong Energy Guizhou Mining | 38.20 | - | - | |
| SHANDONG YULONG PETROCHEMICAL COMPANY Disqualified · Sanctioned entity | 46.10 | - | - | |
| Xinwen MINING Group | 100.00 | - | - | |
| Longkou Mining Group Co Ltd | 100.00 | - | - | |
| Yankuang Guizhou Energy & Chemical Co Ltd | 34.00 | - | - | |
| Zibo MINING Group | 100.00 | - | - | |
| 兖矿集团有限公司 | 100.00 | - | - | |
| Zaozhuang Mining (Group) Co Ltd | 86.30 | - | - | |
| YANKUANG XINJIANG NENGHUA CO., LTD. | 43.20 | - | - | |
| Linyi Mining Group | 100.00 | - | - | |
| Shandong Energy Group Electric Power Group | 93.90 | - | - | |
| Feicheng MINING Group | 100.00 | - | - | |