Early Life
Dang Yanbao was born in 1973 in Yanchi County, China. He grew up in modest circumstances, which instilled in him a strong work ethic and an early interest in business and economics. He later pursued higher education, earning an MBA from Peking University.
Rise to Success
Dang Yanbao's career took a significant turn in 2005 when he founded Ningxia Baofeng Energy Group, specializing in coal chemical products. Under his leadership, the company achieved remarkable success and was ranked 307th among the top private manufacturing enterprises in China in 2020. The company went public on the Shanghai Stock Exchange in 2019, solidifying its market position. Dang identified a market opportunity in modern coal chemical products and expanded into renewable energy through Baofeng New Energy, operating one of the world's largest solar farms.
Key Business Strategies
Dang Yanbao emphasizes innovation, efficiency, and diversification in business operations. He advocates for integrating traditional industries with sustainable energy solutions. His business empire extends beyond traditional coal products, diversifying into renewable energy through Baofeng New Energy. In March 2025, Baofeng Energy completed its $9.5 billion polyalkene plant in China's Inner Mongolia, the largest in the world with 3 million ton annual capacity. His strategic moves have positioned Baofeng Energy as a leader in integrating traditional and renewable energy sources.
Philanthropy
Dang Yanbao is also known for his philanthropic efforts. In 2011, he and his wife, Bian Haiyan, established the Ningxia Yanbao Charity Foundation, aimed at sponsoring education and alleviating poverty. The foundation has supported over 256,700 students and continues to fund various social initiatives across China. Dang donated RMB 302 million to the foundation in 2019.
