Shandong Morlong and others have established an energy company.

According to the Qichacha app, Shandong Yirui Heng Energy Co., Ltd. was recently established with a registered capital of 10 million yuan. The legal representative is Li Panyun and the business scope includes sales of coal and its products, sales of building materials, sales of daily necessities, sales of machinery and equipment, sales of lightweight building materials, and sales of recycled resources. Qichacha's equity penetration shows that the company is jointly held by Shouguang Runmai Trade Co., Ltd. and Shandong Molong's wholly-owned subsidiary Shandong Molong Commercial Trading Co., Ltd.