The industry integration and reorganization of the

The half year loss making industry integration and reorganization of more than 30% listed coal enterprises will accelerate

the half year loss making industry integration and reorganization of more than 30% listed coal enterprises will accelerate

China Construction machinery information

the disclosure of the 2015 semi annual report has entered the countdown, and the performance of listed coal enterprises has gradually appeared in front of investors

according to relevant statistics, up to now, more than 30% of the 37 listed coal enterprises that issued the 2015 semi annual report and annual report forecast have lost money, which is larger than that of the same period last year

from the perspective of coal enterprises that have lost money, China coal energy, the second largest coal enterprise in China, lost 965 million yuan in the first half of this year, while Shaanxi coal industry is expected to lose 800 million yuan to 1 billion yuan in the first half of this year, but the semi annual report has not been finally disclosed. Therefore, China coal energy is temporarily listed as the "loss king" among listed coal enterprises

in fact, the whole coal industry is not optimistic. In the first half of the year, large and medium-sized coal enterprises lost 70% of their profits, and coal production capacity continued to increase. However, under the economic downturn and the heavy pressure of environmental protection, coal demand continued to decrease. In the view of the industry, the cold winter of the coal industry may have just begun

analysts believe that currently listed coal enterprises are generally in trouble, and it is expected that the pace of industry integration and reorganization and elimination of backward production capacity will accelerate in the second half of the year

more than 30% of listed coal enterprises lost money, and China coal energy temporarily became the "king of losses"

according to relevant statistics, as of August 23, 7 of the 16 listed coal enterprises that have released the 2015 interim report have net profit losses. Among the 11 listed coal enterprises that have issued performance forecasts, 5 have net profit losses

as a listed company with better profitability, more than 30% of listed coal enterprises have lost money this year due to the continuous decline of coal prices. In the same period last year, only four listed coal enterprises lost money

recently, the two major coal enterprises both released the 2015 semi annual report, and the performance is not satisfactory

among them, the semi annual report released by China Shenhua shows that in the first half of the year, the company achieved a total profit of 20.87 billion yuan, a year-on-year decrease of 37.4%; The net profit attributable to shareholders of the company was 11.73 billion yuan, a year-on-year decrease of 45.6%

in terms of coal production and sales, affected by downstream industry demand, weather and other factors, in the first half of the year, China's Shenhua commercial coal production fell by 10.1% year-on-year, and coal sales fell by 24.2% year-on-year

the semi annual report of China coal energy was even worse

according to the semi annual report disclosed by China coal energy on the evening of August 21, in the first half of the year, the company achieved an operating income of 29.747 billion yuan, a year-on-year decrease of 16.1%; The net profit loss was 965 million yuan, a year-on-year decrease of 237.41%, from profit to loss; Basic earnings per share -0.07 yuan

in this regard, the company said that since this year, in the face of the severe situation of the continuous downturn in the coal market and the sharp decline in prices, the company has scientifically organized production, strengthened market sales, accelerated industrial transformation, actively reduced costs and tapped potential, and effectively resisted the impact of the market downturn

in addition to China coal energy, loss making listed coal enterprises also include state investment Xinji, Kailuan shares, Pingzhuang energy, Dayou energy and other companies

it should be mentioned that in the first half of this year, SDIC Xinji achieved an operating revenue of 2.568 billion yuan, a year-on-year decrease of 22.8%; The net profit loss was 913 million yuan, which was further expanded compared with the loss of 647 million yuan in the same period last year

in the first half of the year, the gross profit margin of SDIC Xinji was -20.26%, down 21.24% from the same period last year. SDIC Xinji is also expected to lose money in 2015, which means that it has lost money for two consecutive years, or it may face the risk of wearing stars and hats

in addition, the performance forecast released by Shaanxi coal industry said that the net profit attributable to shareholders of listed companies is expected to be a loss in the first half of 2015, with a loss of 800million yuan to 1billion yuan. At present, China coal energy is temporarily listed as the "loss king" in the first half of this year

some coal industry analysts said that in the first half of the year, affected by factors such as insufficient coal market demand and excess coal supply, coal prices continued to decline, and it was not surprising that listed coal enterprises suffered losses

70% of large and medium-sized coal enterprises suffer losses. The coal industry is in the cold winter or has just begun.

in the first half of this year, coal prices fell endlessly, and the loss of the coal industry continues to expand

at the same time, the economic operation data of Shanxi Province, a major coal province, recently released in the first half of the year showed that the coal industry in the province lost more than 4billion yuan in the first half of the year, and the whole industry lost money for 12 consecutive months

in this regard, the relevant person of the China Coal Industry Association said that first, due to the impact of macroeconomic and energy structure adjustment, the coal consumption of the main coal industries decreased. In the first half of the year, the coal consumption of the three major industries of power, steel and building materials decreased by 6.4%, 2.3% and 8.8% respectively, reducing coal consumption by more than 100 million tons. Second, the construction of production capacity is significantly ahead of schedule. At present, the national coal production capacity exceeds 4 billion tons, the scale of projects under construction exceeds 1 billion tons, and the new production capacity is being released in a centralized manner. Third, affected by the overcapacity of the world coal market and the decline of international coal prices, China's coal imports continue to maintain a large scale. In the first half of the year, the national coal low-temperature impact testing machine is a kind of equipment for testing the impact resistance of metal materials at extremely low temperatures, with an output of nearly 100 million tons

the contradiction in the coal industry is obvious. The production capacity is increasing, but the demand is decreasing. In the view of the industry, the cold winter of the coal industry may just begin

"at present, listed coal enterprises are generally in trouble, and it is expected that the pace of industry integration and reorganization and elimination of backward production capacity will be accelerated in the second half of the year." Guojingpu, an analyst at Cinda securities, said that the overall downward trend of domestic economic growth and atmospheric environmental pressure will still be the main factors restricting domestic coal consumption in the medium and long term. In the future, some coal enterprises with weak pressure resistance will face the doom of being eliminated by the market and forced to shut down

in his view, under the background of the overall downturn of the coal industry, the second half of the coal industry "made in China 2025" also proposed to use the Internet and other new generation information technology to promote the integration and reorganization of the manufacturing industry in the year of digitalization, networking and intelligence, which may intensify. At present, some small coal enterprises have been seeking transformation, investing in emerging industries, or transforming their original businesses through interconnection; In the second half of the year, some large coal enterprises are expected to take advantage of the reform of state-owned enterprises to increase opportunities for extensive expansion

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