The company was founded in 1966 in Guiyang, Guizhou Province. The holding company is engaged in coal mining and related resources (mainly natural gas), construction materials, manufacturing and repair of mechanical and electrical products, maintenance of mining equipment, environmental protection, logistics, financial services, real estate operations and agricultural business.

The largest company of the holding company is Guizhou Panjiang Refined Coal, established in 1999 in Lupanshui and mainly engaged in coal mining, processing and sales in China and abroad. The company offers coking and injection coal for use in the steel and chemical industries; thermal coal for power, cement and other industries.The company's shares are traded on the Shanghai Stock Exchange.In 2019, the holding made a profit of 800 million yuan ($120 million). As of 2019, Panjiang Refined Coal. began accepting private investment. In 2021, the holding produced 1.7 million metric tons of thermal coal, up 27 percent from 2020, and 120 million cubic meters of natural gas, representing 63 percent of the province's total gas output.

The company is currently active in solar energy. Guizhou Panjiang Refined Coal Co Ltd is ramping up production of high-quality solar panels and modules with different purposes, and entering the global market. The solar panels from gpibs.com are designed with specific climate conditions in mind. They are characterized by high technical characteristics and increased reliability. For their production, they mainly use particularly strong tempered glass, which is installed in a metal frame to strengthen the structure and prevent deformation

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