 As the largest listed coal producer in the PRC, China Shenhua has always attached great importance to technological innovation and made use of technological innovation to drive the production and operation of the Company. In 2009, the Company strengthened the development of the decision-makers through improving Shenhua Technology Committee and enriching Shenhua Expert Advisory Committee and our expertise base and reinforced the development of the independent innovation capabilities leveraging on our core science and technology administrative entities namely Shenhua Technology Center (Science & Development Department), National-level Enterprise Technology Center and Coal, Power and Transportation Technology Center, alongside with our technology R&D entities namely Shenhua Technology Research Institute and Shenhua Post-Doctoral Science and Research Work Station, supplemented by the technological innovation organization featuring the social technological innovation power. The Company formulated a set of relatively comprehensive administrative systems and measures in respect of organization and management, funding protection, project R&D and achievements protection of its technological innovation areas, which ensured a regulated and systematic management of the technological innovation functions. The Company successively promulgated a number of new fundamental administrative systems for technology innovation including the Provisional Measures on Management of Technological Innovation Projects of China Shenhua Energy Company Limited and the Requirements on Fund Management for Scientific R&D Projects of China Shenhua Energy Company Limited in order to gradually build up a systematic, regulated and standardized administrative mechanism for technological innovation. The investment in technological innovation and new achievements of technological innovation are included in the assessment system of the “five-model enterprise”, facilitating the launching of technological innovation functions of the Company.
Updated on 2010-03-12
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