| SHANDONG HUALI WOOD CO., LIMITED | Private company limited by shares | Live |
| SHANDONG TERRA WOOD CO., LIMITED | Private company limited by shares | Live |
| SHANDONG TECHNOLOGIES AND ENGINEERING WORKS CO., LIMITED | Private company limited by shares | Live |
| SHANDONG ZHI MA XIANG WINE HOLDING LIMITED | Private company limited by shares | Live |
| SHANDONG ZHENGTAI XIER VEHICLE IMPORT & EXPORT LIMITED | Private company limited by shares | Live |
| SHANDONG XUYE NEW MATERIALS CO., LIMITED | | Live |
| SHANDONG YIDA INDUSTRY CO., LIMITED | Private company limited by shares | Dissolved |
| SHANDONG YIHE TANKER CO., LIMITED | Private company limited by shares | Live |
| SHANDONG YIYUAN MACHINERY CO., LIMITED | Private company limited by shares | Live |
| SHANDONG YUANHANG INDUSTRY LIMITED | Private company limited by shares | Live |
| Shandong Zander Resourcing Company Limited | Private company limited by shares | Live |
| SHANDONG ZHENGSHUN INDUSTRY CO., LIMITED | Private company limited by shares | Live |
| SHANDONG ZHIHE CO., LIMITED | Private company limited by shares | Live |
| SHANDONG ZHIHE SHIPPING COMPANY LIMITED | | Live |
| SHANDONG ZHIYUAN SHIPPING COMPANY LIMITED | | Live |
| Shandong ZiboXinYada Packing Co., Limited | Private company limited by shares | Live |