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400-882-6908Original text link: http://news.315.com.cn/20151207/100611091.html
Mattering vital to national well-being and people’s livelihood, the coal industry is currently in a very tough situation. The "Securities Daily" reporter learned that in the first 10 months of this year, the profit earned by the national coal enterprises above designated size fell by 62%, and the state-owned coal enterprises suffered a loss of RMB 22.3 billion overall, from earning profit at RMB 30 billion last year. The enterprises faced increased accounts receivable, growing difficulty of financing, and tense financial operation; meanwhile, the case of wage reduction and unpaid wage as well as non-payment of social insurance continued to emerge, suggesting the industry still had greater downward pressure.
So recently, Deputy Director of National Development and Reform Commission (NDRC) Lian Weiliang pointed out when attending the 2016 annual national coal trade fair that during the "Thirteenth Five-Year Plan", the coal development will be "strictly controlled in increment, and optimized inventory", to guide the enterprises suffering resource depletion, backward production capacity, and low-quality coal production capacity to exit orderly; new capacity should be controlled in general, and structural new capacity should pay for the withdrawn capacity.
As far as the "Securities Daily" reporter has learned that, facing continued weakness in the coal industry, NDRC took a lead in establishing the coal industry turnaround joint meeting system from July 2014, taking the initiative at the national level to help coal enterprises step out of the difficult position. The first joint meeting was held on July 14, 2015, and till November 19, 2015, it had been held for the 43rd time. The continuously released policies to boost the market that has been implemented step by step produced sustainably positive impact on the coal markets.
However, confronting the reality of zero or low growth in the coal consumption, NDRC has proposed to focus on structural adjustment on four aspects for the problems of sparsely distributing main coal enterprises, too many small coalmines, weak vertical integration of the upstream and downstream, and low utilization of clean energies: firstly, adjusting toward the direction of integration, merger and reorganization, encouraging the merger and reorganization of small and medium sized coal mines by large coal enterprises, and strengthening a number of large coal enterprise groups; secondly, adjusting and developing toward the direction of upstream and downstream integration, especially the coal and electricity integration; thirdly, transmitting toward clean utilization of coal and renewable energy utilization; fourthly, adjusting toward deep processing and conversion of coal.
Meanwhile, it needs to construct a unified, open, competitive and orderly market system of coal, embodiment of the supply-relating energy revolution implemented in the coal industry, and improved quality and efficiency of the supply system. First, it shall further perfect the way o sign contract. The coal, power, iron and steel, chemical and other enterprises should support to and understand each other, sign long-term contracts in line with coal product characteristics, fixed relationship of supply and demand, relatively stable quantity, and dynamically adjustable price; second, it shall speed up the construction of coal market system; third, it shall perfect the coal emergency reserve system.
