The 2024 Shanxi High-end Equipment Manufacturing Industrial Chain (Intelligent Coal Machinery) Investment Promotion and Industrial Chain Development Advancement Conference was held in Taiyuan, North China's Shanxi province, on April 22.

The conference was hosted by the Shanxi Intelligent Coal Machinery Equipment Industry Technology Alliance and Jinneng Holding Equipment Manufacturing Group, aiming to build a platform for industrial chain cooperation and exchange, further strengthen the integrated development of enterprises on the industrial chain, and promote the intelligent transformation and development of the coal machinery industry.

High-end equipment manufacturing, especially in the intelligent coal machinery industry, represents a key engine for Shanxi in promoting the transformation of the resource-based economy, advancing new industrialization, and fostering new quality productive forces. 

In 2023, the revenue of the province's high-end equipment manufacturing industrial chain reached 85.25 billion yuan ($11.77 billion), a year-on-year increase of 13.6 percent. In 2024, Shanxi will strive to surpass 95 billion yuan in regard to the total revenue of this industrial chain.

During the conference, industry experts and outstanding corporate representatives from both inside and outside the province were engaged in exchanges and shared insights on the intelligent construction of coal mines as well as related industrial transformation and upgrading work. 

At the same time, upstream and downstream enterprises in the intelligent coal machinery field gathered to showcase their strengths, express their needs, and seek collaboration opportunities. Government departments acted as bridges to facilitate the matchmaking between industry supply enterprises and their counterparts in the demand side.

Furthermore, a signing ceremony was also held for investment projects in the industrial chain, cooperative projects for industrial chain enterprises, and collaborative projects between enterprises and universities for joint research and production purposes. The total investment of these projects reached 135 million yuan.