| Shanxi Zhaofeng Aluminum Power Co Ltd | 100.00 | - | - | |
| Shanxi Yangmei Yuansheng Thermal Power Co Ltd | 20.00 | - | - | |
| Yangquan Coal Industry Group Xingyu Coal Industry Co Ltd | 70.56 | - | - | |
| China Resources Power (Ningwu) Co Ltd | 50.00 | - | - | |
| Yangquan Coal Industry Group Changgou Coal Mine Co Ltd | 62.98 | - | - | |
| Shanxi Xinyuan Coal | 55.00 | - | - | |
| Shanxi Lu'an Chemical | 10.87 | - | - | |
| Xiyang Pingshang Coal Industry Co Ltd | 51.00 | - | - | |
| Shanxi Coal Qin Xiu Coal Co Ltd | 29.51 | - | - | |
| Huaneng Jinan Huangtai Power Generation | 10.00 | - | - | |
| Xinjiang Guotai Xinhua Mining Industry Co Ltd | 90.91 | - | - | |
| Shanxi Zhaofeng Aluminum Industry Co Ltd | 93.65 | - | - | |
| Jijian Investment Shouyang Thermal Power Co Ltd | 30.00 | - | - | |
| Shayangquan Mining Group Investment | 51.00 | - | - | |
| Yangmei Group Tianyu Mining Investment | 100.00 | - | - | |
| Yangquan Nanzhuang Coal Group | 51.00 | - | - | |