Founded in 1956, Xinwen Mining Group Co., Ltd. is a large enterprise group with state-owned assets as the main body, coexistence of various ownership systems, coal as the main body and common development of various industries. It is now directly supervised by the state owned assets supervision and Administration Commission of Shandong Provincial People's government and is a member enterprise of Shandong Energy Group Co., Ltd. In 2010, the group produced 37.23 million tons of raw coal and achieved sales revenue of 46.8 billion yuan. It ranks 14th among China's top 100 coal industries in 2010 and 172 among China's top 500 enterprises in 2010, and its technological innovation ability ranks 9th in the national coal industry. The credit standing of the enterprise is AAA.