Economic reference daily published an article: a new round of restructuring of coal enterprises accelerates the birth of Big Mac

category:Finance
 Economic reference daily published an article: a new round of restructuring of coal enterprises accelerates the birth of Big Mac


According to the latest data of the National Bureau of statistics, in the first half of 2020, the output of raw coal above Designated Size in China will reach 1.81 billion tons, with a year-on-year increase of 0.6%; in June, the output of raw coal will be 334 million tons, a year-on-year decrease of 1.2%.

The reporter of economic reference news noted that at present, many provinces have issued the target and task of resolving excess capacity of coal industry by 2020. One of the driving forces is to guide the withdrawal of relevant coal mines through restructuring and integration.

It is a new feature of Shanxi coal mine reduction and reorganization to allow non adjacent coal mines to regroup in different places. Among the 23 restructuring plans, 15 belong to remote restructuring, and the main enterprises are state-owned enterprises such as Luan Group, Shanxi coal transportation and marketing group and Jinmei group. According to the analysis of the industry, it is an important goal for Shanxi to focus on the problems left over from the last round of resource integration and speed up the clearance of zombie enterprises.

While the internal integration of coal enterprises is speeding up, a new round of merger and reorganization between large coal enterprises is also speeding up. The merger of Shanxi Coking Coal Group and Shanxi coal import and Export Group will focus on the professional reorganization of coking coal resources. After the reorganization of Shandong energy and Yankuang Group, Shandong energy group is positioned as the state-owned capital investment company of Shandong energy industry.

Sun Chuanwang, Professor of China energy economy research center of Xiamen University, believes that strengthening the industry and reforming the system are the important intentions of coal industry merger and reorganization. Speeding up the reform of state-owned assets and state-owned enterprises and realizing the improvement of quality and efficiency of state-owned enterprises are the strategic background of this round of restructuring. Introducing different ownership components, making full use of the capital market to optimize resource allocation, strengthening technology research and development level, and promoting the informatization and intelligent transformation of coal industry will be the main objectives of the current policy.

Zhang Hong believes that the merger and reorganization of large coal enterprises in Shandong, Shanxi and other places will further improve the industrial concentration, help to maintain the stability of the industrial chain and supply chain, and ensure the national energy security. At the same time, deepening the reform of state-owned enterprises mainly by managing capital, setting up investment companies at the group level and clarifying the internal division of labor among subordinate enterprises are conducive to reducing costs and increasing efficiency. After restructuring, enterprises can focus on their advantages to tackle key problems in some neck sticking technologies and products, promote transformation and upgrading, accelerate the pace of internationalization, and build a world-class energy enterprise.

Chinas coal from total capacity to structural capacity, the main tone to improve the quality of the supply system, mergers and acquisitions is undoubtedly the best way. Li Jin, chief researcher of China Enterprise Research Institute, believes that the current general trend is to merge several super large coal enterprises into aircraft carrier type groups with a production capacity of more than 100 million tons, and the merger and reorganization of the coal industry will enter the fast track.

It is worth noting that the coal enterprises in this round of restructuring have certain homogeneity, and the volume and scale are not small. Therefore, merger is not a simple addition of scale and business combination, but through platform integration and complementary advantages to achieve the improvement of enterprise efficiency. Sun Chuanwang believes that how to break through the traditional coal enterprise system and implement more detailed reform and innovation in specific links such as organizational structure, business collaboration, resource sharing and income distribution, must be the highlight of this round of restructuring. Zhang Hong suggested that after restructuring, coal enterprises should first do a good job in cultural integration, realize industrial plate integration as soon as possible, deepen supply side structural reform, eliminate backward production capacity, develop advanced production capacity, and form core competitiveness. Secondly, we should realize the integration of property rights and establish modern corporate governance structure. In addition, we should do a good job in the integration and integration of management level, human resources, scientific and technological innovation, capital and other aspects, and promote the construction of scientific and technological innovation team and the reform of system and mechanism, so as to form greater scientific and technological innovation ability. Finally, through merger and reorganization, the market must be repositioned and its scope expanded. Source: Xinhuanet editor in charge: Yang Bin_ NF4368

It is worth noting that the coal enterprises in this round of restructuring have certain homogeneity, and the volume and scale are not small. Therefore, merger is not a simple addition of scale and business combination, but through platform integration and complementary advantages to achieve the improvement of enterprise efficiency. Sun Chuanwang believes that how to break through the traditional coal enterprise system and implement more detailed reform and innovation in specific links such as organizational structure, business collaboration, resource sharing and income distribution, must be the highlight of this round of restructuring.

Zhang Hong suggested that after restructuring, coal enterprises should first do a good job in cultural integration, realize industrial plate integration as soon as possible, deepen supply side structural reform, eliminate backward production capacity, develop advanced production capacity, and form core competitiveness. Secondly, we should realize the integration of property rights and establish modern corporate governance structure. In addition, we should do a good job in the integration and integration of management level, human resources, scientific and technological innovation, capital and other aspects, and promote the construction of scientific and technological innovation team and the reform of system and mechanism, so as to form greater scientific and technological innovation ability. Finally, through merger and reorganization, the market must be repositioned and its scope expanded.