# Huayang New Material Technology Group

Huayang New Material Technology Group is a Government / Public Body based in Yangquan, China.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Yangquan, China
- **Region:** Asia
- **Address:** Yangquan, Shanxi, China
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** ymjt.com.cn
- **LinkedIn:** linkedin.com/company/阳煤财务

## Regulatory record

- **Reports private funds:** No

## About

Huayang New Material Technology Group develops, produces, and invests in new materials, focusing on environmental protection materials. The company supports the mining sector and aims to establish a research-industry-capital ecosystem centered on carbon-based materials. Founded in 1999 in Yangquan, China, it was previously known as Yangquan Coal Industry (Group).

## Sectors

- Energy Transition & Renewables
- Industrial Tech
- Mobility & Transportation
- Infrastructure

## People

- Jin Shenglong — Chairman, Huana Xinneng

## Questions

### Who controls Huayang New Material Technology Group?

Shanxi State-owned Capital Operation Co., Ltd. (SSCA) is the ultimate controlling shareholder. The group functions as a provincial-level industrial platform, executing mandates aligned with Shanxi's economic transition strategy. Governance flows through SSCA's state-owned asset management framework, not through private family or partnership structures.

### What is Huayang's relationship with the Chinese Academy of Sciences?

The Chinese Academy of Sciences (CAS) serves as Huayang's primary strategic research partner for sodium-ion battery technology and carbon fiber development. CAS provides technical pathways and R&D support for scaling both verticals from pilot to industrial production. The partnership is publicly documented as a core element of Huayang's technology sourcing model.

### Where does Huayang produce its carbon fiber?

Huayang co-established Shanxi Huayang Carbon Material Technology with the Datong City Government to operate a T1000-grade carbon fiber production line in Datong, Shanxi. T1000 refers to ultra-high-strength carbon fiber used in aerospace, wind turbine blades, and hydrogen storage vessels. The Datong facility represents the group's primary carbon fiber manufacturing asset.

### Does Huayang operate as a fund or a direct industrial owner?

Huayang operates as a direct industrial owner, not a fund. The group holds physical assets including the Yangquan Anthracite Mining Area, a sodium-ion battery industrial park, and the Datong carbon fiber line. It does not appear to commit capital to third-party funds or serve as a limited partner in external vehicles. Its model is operator-heavy, with investment returns derived from manufacturing throughput rather than portfolio mark-to-market gains.

### What role do legacy coal assets play in Huayang's current strategy?

The Yangquan Anthracite Mining Area remains an operational industrial asset under Huayang's umbrella. However, the group's disclosed strategic initiatives — sodium-ion batteries, carbon fiber, and energy storage systems — signal a deliberate shift away from raw coal extraction toward advanced material manufacturing. This dual posture reflects Shanxi Province's broader policy directive to decarbonize while maintaining energy-security revenue streams from legacy assets.

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- [Huaxin Century Investment Group](https://altss.com/profile/huaxin-century-investment-group)
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Last updated: 2026-06-03T20:00:00.000Z

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