Analysis Of Coal Industry Financial Performance Under Supply-side Reform

For many years,China's energy structure has been dominated by coal resources,less oil resources,and even less natural gas.As of 2018,the proven reserves of global coal resources are 1.055 trillion tons,while China is the fourth largest in the world at 13.88 billion tons,accounting for approximately 13.2%;global coal production is 3.92 billion tons,and China is located at 1.829 billion tons.No.1 in the world,accounting for 46.7%,which shows that China is in a dominant position in the global coal supply pattern.In addition,coal energy is also China's basic energy.The downstream industries of the coal industry are mainly thermal power,cement,chemical industry,and iron and steel industries These industries are the key industries of China's national life.It can be said that the coal industry has a pivotal position in China.This article first analyzes the status of the coal industry.Introduce its basic characteristics,and then analyze the supply and demand balance of the coal industry,corporate loss rate,asset-liability ratio,total profit,etc.,and conclude that at this time there is a serious supply-demand imbalance in the coal industry,overcapacity,excessive corporate inventory,liabilities High rate issues.These situations are particularly prominent in economic reforms,and the central government will focus on supply-side reforms.Only by conscientiously implementing supply-side reforms can China's coal industry transition from a period of decline and crisis to a period of safety,and continue to play its advantage as China's main energy source and contribute to China's economic development.Then analyze the coal industry's practice in the supply-side reform "three eliminations,one reduction and one supplement" policy.Then this article takes Yanzhou Coal,a leader in the coal industry,as an example.First,it introduces Yanzhou Coal's practice of "three eliminations,one reduction and one supplement" in the supply-side reform.Operating capacity,development capacity,and other indicators,research its financial performance,and explore the impact of supply-side reforms on Yanzhou Coal's financial performance.Finally,the problems existing in Yanzhou Coal Industry after the reform are analyzed,and corresponding guidance strategies are given.