China's Top 50 Coal Mining Companies in 2019

In order to thoroughly implement General Secretary Xi Jinping's important exposition on the new strategy of energy security, promote the construction of modern coal economic system, promote the high-quality development of the coal industry, play a leading role in demonstration of key enterprises, and improve the cohesion and social influence of the industry, China Coal Industry Association refers to the international practice. According to the business income of enterprises in 2018, the top 50 coal enterprises in China in 2019 are discharged, and the top 50 coal enterprises in China in 2018 are discharged according to the coal output of enterprises in 2018. Overall, compared with the previous year, the top 50 coal enterprises in China in 2019 have the following characteristics:

First, the entry threshold has been greatly raised, and the overall development trend is stable and good. The entry threshold for the top 50 coal enterprises in China in 2019 was 8.23 billion yuan, an increase of 1.785 billion yuan, or 27.7% over the top 50 last year. In 2019, the total revenue of the top 50 coal enterprises in China was 4.01 trillion yuan, an increase of 355.545 billion yuan, or 9.72% over the top 50 last year. Among them, 38 enterprises have maintained a year-on-year growth in business income, 19 enterprises have maintained a growth of more than 10%, and 14 enterprises with business income exceeding 100 billion yuan, a decrease of 1 compared with the previous year.

Second, coal production increased slightly and safety investment increased significantly. In 2018, the coal industry gradually shifted from total capacity to systematic capacity and structural capacity. In 2019, China's top 50 coal enterprises completed a total coal output of 2.658 billion tons, accounting for 72.23% of the national coal output in 2018, and the output increased by 5.69% compared with the top 50 last year. Out of 46 coal production enterprises, the output of 28 enterprises increased year-on-year, with a cumulative increase of 129 million tons, an increase of 6.55%; the output of 17 enterprises decreased year-on-year, with a cumulative reduction of 16.32 million tons, a decrease of 2.91%. There are seven hundred million tons of coal enterprises and 17 more than 50 million tons of coal enterprises. In 2019, China's top 50 coal enterprises invested 50.84 billion yuan in safety costs, an increase of 14.35% over the top 50 last year.

Third, business performance has been steadily improved and profitability has been significantly enhanced. In 2019, the total assets of China's top 50 coal enterprises were 7.69 trillion yuan, with an asset-liability ratio of 69.53%, which was 3.8 percentage points higher than that of Coal Enterprises above the national scale. The owner's equity is 2.34 trillion yuan and the return on net assets is 5.93%. The total profit was 204.393 billion yuan, of which net profit was 138.927 billion yuan, an increase of 21.37% over the top 50 last year. Forty-eight enterprises made profits and 36 enterprises'net profit increased year on year. The total tax revenue was 33.184 billion yuan, an increase of 45.728 billion yuan over the top 50 last year, a decrease of 57.9 percentage points.< p> Fourth, the scale of employees has declined steadily and the income of employees has increased. In 2019, the total number of employees in the top 50 coal enterprises in China was 29.5513 million, down 1 percentage point from the previous year, with a per capita output value of 13.513 million yuan and net profit per capita of 46.8 million yuan, up 11.21% and 28.93% respectively from the top 50 last year. Among them, there are 14 enterprises with more than 100,000 employees, accounting for 70.49% of the total employees of the top 50 enterprises. In 2019, the annual per capita income of the top 50 coal enterprises in China was 87.9 million yuan, an increase of 14.45% over the same period of last year. Among them, the annual per capita income of 14 coal enterprises exceeded 100,000 yuan, an increase of 7 over the previous year.

Fifth, the pace of industrial restructuring, transformation and upgrading has been accelerated, and the merger and reorganization of enterprises has been promoted in an orderly manner. In 2019, China's top 50 coal enterprises owned 1209 coal mines, with an average production capacity of 2.49 million tons per year. The output of the top 10 raw coal is 1.87 billion tons, accounting for 50.82% of the country, which is 10.34 percentage points higher than that of the top 10 last year. The development pattern of coal-based and diversified industries has initially taken shape, and the industrial structure has continuously extended to new energy, financial industry, e-commerce, high-end manufacturing and modern agriculture. In the top 50 coal enterprises of China in 2019, 19 enterprises have implemented M&A and restructuring activities in 2018, and 119 enterprises have been merged or restructured. Thirty-two enterprises have 54 listed companies, of which 23 are coal listed companies. < p > < p > 6 is the top 11 enterprises listed in the Fortune World 500 in 2019, and their main role is prominent. In the top 50 coal enterprises of China in 2019, the top 11 enterprises ranked among the top 500 in the world, an increase of 1 over the previous year. Yankuang Group leaped 81 places, becoming the fastest rising coal enterprise in the ranking. The business income, net profit and coal output of 11 enterprises are 2.7 trillion yuan, 82.783 billion yuan and 1.61 billion tons respectively, accounting for 67.32%, 59.59% and 60.57% of the top 50 coal enterprises in China in 2019, up 1.51 percentage points, 4.11 percentage points and 0.81 percentage points over the previous year.