Seventh big coal enterprises disclose first half performance

Recently released the state owned assets management of Shanxi Province in 2018, of which the total assets of the provincial regulatory enterprises were 2 trillion and 955 billion 150 million yuan, accounting for 78.33% of the state owned enterprises. The provincial state-owned enterprises continued to "strong performance", while the seven big coal enterprises remained "the backbone". According to the capital circle, by the end of 2018, the total assets of the seven big coal enterprises amounted to 1 trillion and 790 billion 137 million yuan, that is, 7 enterprises accounted for 60% of the assets. In addition, the assets of the newly established group were more than 500 billion yuan. The total assets of 8 provincial state-owned enterprises reached 2 trillion and 300 billion yuan, and this figure is still expanding.

According to the recent financial reports of the first half of 2019, the total assets of the seven major coal enterprises in the first half of the year totaled 181.7409 billion yuan and the net assets were 430.766 billion yuan, of which the total assets exceeded the threshold of 1.8 trillion yuan for the first time. However, coking coal group and Tongmei group still maintain the "leading" advantage in terms of asset scale, with total assets led by Tongmei and net assets dominated by coking coal group.

In addition, according to the performance in the first half of 2018 and 2019, with the change of market and the direction of enterprise transformation, the development trend of the seven major coal enterprises has changed significantly. In terms of revenue, the overall scale of the five coal enterprises, coking coal, Tongshan coal, Yangshan coal, Lu'an coal and Shanxi coal, has basically levelled, while the gap between Jinneng coal and Shanshan coal has gradually widened; in terms of net profit, the coal enterprises are not uneven. Qi, Coking Coal Group achieved the lead in the first half of the year, reaching 1.969 billion yuan.