From January to September, Shanxi Coking Coal realized a total profit of 4.728bn

According to the official website of Shanxi Coking Coal Group, from January to September 2019, Shanxi Coking Coal achieved an operating revenue of 139.23 billion yuan, a year-on-year increase of 5.4%; and a total profit of 4.728 billion yuan, a year-on-year increase of 40.08%. By continuously strengthening management and control, financing management and control, and turning around losses and getting rid of difficulties, Shanxi coking coal has sustained and healthy development of production and operation, with major business indicators significantly increased year on year, showing the characteristics of continuous expansion of operation scale, stable operation trend, good connection between production and marketing, stable growth of income, substantial increase of benefits, acceleration of turning around losses and getting rid of difficulties, and steady improvement of operation quality.

In the first three quarters, Shanxi coking coal continuously strengthened its management and control, taking the operation benefit and capital return as the primary task of management and control. Promote the in-depth development of contractual management, optimize the management assessment system, "one enterprise, one policy" customized indicators, achieve accurate pressure, and effectively stimulate the operation vitality. Establish a horizontal operation coordination and monitoring analysis system for all disciplines, so as to make quality improvement and efficiency increase become the basic management theme of production, transportation, sales, procurement, human resources and other disciplines. Establish vertical to all levels of operation management and incentive and restraint mechanism, organically integrate the operation budget index with contractual management and deeply integrate it with performance appraisal, implement dynamic supervision and process control, deeply promote objective management, improve the enthusiasm of all levels to turn losses into profits, increase revenue and increase efficiency, and realize the transformation from extensive management to fine management and from quantity scale to quality benefit.

Actively strengthen financing management and control, and turn around losses and get rid of difficulties. Strengthen the coordination between banks and enterprises, strictly manage the financing plan, and make overall arrangements, so as to realize the simultaneous decrease of the total amount of financing, the interest expenditure and the comprehensive financing cost; do a good job in issuing bonds with high quality, obtain the approval of the relevant superior departments on issuing corporate bonds, promote the unified registration of debt financing tools and storage corporate bonds, and realize the innovation of bond financing; formulate "one enterprise one" A large number of enterprises have realized the plan of turning around the deficit, establishing the responsibility system of turning around the deficit and getting rid of the difficulty, taking solid measures, tracking and supervising. Financial functions have been continuously expanded. Focusing on the strategic planning of Shanxi coking coal, we will continue to expand the business scope of the financial sector and build an internal comprehensive financial service platform in accordance with the idea of the combination of industry and finance; the bill pool business of the financial company has made substantial progress, the first fund product was successfully issued by financial capital in May, and the core business of fund raising and investment has taken the first step.

At the same time, the power of management innovation of grass-roots units has been enhanced, helping to improve economic benefits. Xishan Coal and power contractual management has achieved outstanding results, with the establishment of a tax saving studio, which takes tax planning as the front management; Fenxi Mining industry continues to promote coal blending sales and management; Huozhou Coal and power implements classified promotion strategies for the integration of coal mines; Huajin coking coal establishes performance mechanism to specifically promote asset securitization; Shanxi Coking starts to implement comprehensive budget management; Yuncheng salt promotion department and Japan Reform of sales mechanism; Shanxi coke implements the leadership of "project contracting and unit contracting" to comprehensively promote the debt clearing work; the investment company takes the lead in promoting the construction of intelligent mine and accelerating the leading pace of intelligent production and operation.