The hottest coal enterprise merger is coming. Lu'a

2022-07-24
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The tide of coal enterprise merger is coming. Lu'an and Yang coal are heating together.

the tide of coal enterprise merger is coming. Lu'an and Yang coal are heating together.

China Construction Machinery Information

coal based Shanxi is experiencing an unprecedented test

Shanxi, a province rich in coal resources, accounts for half of its fiscal revenue. Due to the decline in coal prices, the GDP growth in the first half of 2015 was only 2.7%. At the beginning, the seven coal enterprises that were regarded as supporting Shanxi's coal market have also fallen into losses due to the "cold winter" of coal, so they have to work together to warm up

on November 14, 2015, zhaihong, who had just assumed the post of chairman of Yangquan Coal Industry Group Co., Ltd. (hereinafter referred to as "Yangquan Coal Group"), held a discussion with lijinping, chairman of Shanxi Lu'an Mining Group Co., Ltd. (hereinafter referred to as "Lu'an Group"). At the symposium, zhaihong said that Yang coal group and Lu'an Group are homogeneous in terms of coal types, and their industries, products and sales market positioning are similar

in this regard, a person from Shanxi coal enterprises said that Yangquan Coal Group and Lu'an Group had repeatedly reported merger news before. Although this contact cannot be judged as a prelude to the merger, it can be understood that Yangquan Coal Group and Lu'an Group are working together to cope with the cold winter of the coal market

on November 24, China Business Daily called Lu'an Group to learn whether Yang coal group and Lu'an Group really have the intention to merge in the cold winter of the coal market. At present, there is no news of the merger between Lu'an Group and Yang coal group. As for the contact between Yang coal group and Lu'an Group, it is entirely to promote the later cooperation between the two sides; On November 25, this newspaper sent a letter to Yangmei group asking whether it is possible to merge with Lu'an Group. However, as of the time of this newspaper, no clear reply has been received

Yang coal Lu'an re passes on the merger

in order to cope with the cold winter of the coal market, Shanxi coal enterprises have repeatedly reported that they have been "merged"

on November 14, 2015, zhaihong, the chairman and Secretary of the Party committee of Yangquan Coal Group, who had just taken office, went to Lu'an Group to have a discussion with lijinping, the chairman and Secretary of the Party committee of Lu'an Group, and you hao, the general manager, on further deepening cooperation. At the symposium, zhaihong said that as far as coal is concerned, Yangquan Coal Group's sales customers are mainly five power generation groups, and the sales market is mainly in northern China

Zhai Hong believes that the coal types of Yang coal group and Lu'an Group are homogeneous, and the industries, products and sales market positioning of the two sides are similar. Therefore, Zhai Hong hopes that the two sides can complement each other's strengths, seek further cooperation and achieve mutual benefit and win-win results

in this regard, a person from Shanxi coal enterprises said that zhaihong was elected as the chairman of Yangquan Coal Group through the resolution of the shareholders' meeting of Yangquan Coal Group on September 21, 2015. Previously, zhaoshiping, the chairman of Yangquan Coal Group, retired because of his age

the person also said that Zhai Hong was the general manager of Lu'an Group before he took the post of chairman of Yangmei group. He had been in this position for four years and knew the business model of Lu'an Group like the back of his hand

the reason why he was in urgent contact with Lu'an Group, his "old employer", just after he took office. The person believes that this has something to do with the current operation of Yangquan Coal Group. According to the introduction, according to the data released by Yangquan Coal Group in August, a total of 5.673 million tons of coal were sold in that month, a month on month decrease of 260000 tons, the comprehensive price of coal was 230.45 yuan/ton, a month on month decrease of 3.17 yuan/ton, and the sales revenue reached 14.025 billion yuan (including Taihua), a month on month decrease of 1.443 billion yuan

that is to say, the current life of Yangquan Coal Group is not easy, so as the new chairman of Yangquan Coal Group, he is eager to shake off the current difficult situation of Yangquan Coal Group, so it is reasonable to look for "old owner" Lu'an Group to cooperate with each other

in addition, according to the person, if the five major coal enterprises in Shanxi are divided according to the asset scale, they are coking coal group, Tongmei group, Lu'an Group and Jinmei group, and Yangmei group ranks last; In terms of performance, although Yangquan Coal Group is not the worst, it also suffers serious losses. Therefore, to keep warm together is a way to cope with the cold winter in the coal market

subsequently, this newspaper called Lu'an Group on whether Yangmei group and Lu'an company would also undertake various non-standard experimental machine projects and technological upgrading and transformation projects of experimental machines, or whether they would strengthen cooperation in the later stage. 4 Force value accuracy: 0.5% the company said that there was no news that Lu'an Group would merge with Yang coal group. Even if the merger is to be carried out, the news should also be released by the state owned assets supervision and Administration Commission of Shanxi Province, because both enterprises are controlled by Shanxi state owned assets and are among the world's top 500 enterprises. As for whether Lu'an Group and Yangmei group will strengthen cooperation, there must be some, but the specific situation is not known

in addition, the interviewee of Lu'an Group also said that at present, all coal enterprises in Shanxi are affected by the decline of coal prices, and reducing costs and increasing efficiency is the work of every enterprise. In 2015, in order to cope with the cold winter in the coal market, Lu'an Group formulated the administrative measures for employees of Lu'an Group to stay on duty without pay and the Interim Administrative Measures for internal leave of Lu'an Group to achieve the ultimate goal of cost reduction and efficiency increase

group heating to cope with the cold winter in the coal market

according to the data of Shanxi Provincial Bureau of statistics, the whole coal industry has suffered continuous losses since July 2014. In the first half of 2015, the coal industry in Shanxi province suffered a loss of 4.062 billion yuan, with a year-on-year decrease in profits of 6.074 billion yuan

in order to cope with the downward trend of coal prices, Shanxi Province has frequently released favorable policies for coal enterprises. In december2014, Shanxi Province canceled 1165 coal inspection stations that had been running for more than 30 years, and implemented a number of measures such as "clearing fees, profits and taxes", so as to reduce the burden of coal enterprises in Shanxi Province by 17billion yuan

however, even the most favorable policies can hardly hide the depression of coal enterprises. A person from Tongmei group said that 2015 was the most difficult year for coal enterprises to operate. It was not only the depression of Shanxi coal enterprises, but almost all coal enterprises across the country were at a loss. Some coal mines even stopped production or limited production in order to reduce losses

then, for the current depression of the coal market, there may not be merger or reorganization between coal enterprises. In this regard, the person with the coal industry said that since 2008, in view of the "large, small, scattered and low" market pattern of the coal industry in Shanxi Province, Shanxi Province has started the integration of coal resources and the reorganization among coal enterprises in the way of market economy operation, with the government as the leading role, large and medium-sized enterprises as the main body

after integration, coal enterprises in Shanxi Province have been significantly optimized, enhancing their competitiveness in the same industry. Subsequently, seven coal related state-owned enterprises were formed, including coking coal group, Tongmei group, Lu'an Group, Jinmei group, Yangmei group, Shanmei import and export and Shanxi coal transportation

however, as the chain users after the merger and reorganization of coal enterprises should consult the chain manufacturer to obtain the utilization information of the chain, the coal price has been falling all the way. By 2014, in addition to coping with the low coal price, the sales channel has also become the key to determine the fate of coal enterprises

"the main sales channels of Shanxi coal enterprises are the five major power generation enterprises, and the sales market is mainly in the central and western regions, which makes the competition among the industry fierce. Because there is so much demand, the market is so large, and your coal is sold out, my coal may be unsalable, so it is inevitable that there will be some overt and covert fights, just watching who falls first." The Lu'an Group said

with regard to the strengthening of cooperation between Yang coal group and Lu'an Group, an interviewee from the state owned assets supervision and Administration Commission of Shanxi province believes that the leaders of the two enterprises are experts in coal, and the deepening of cooperation between the two sides is conducive to coping with the cold winter of the coal market. If the coal price still shows no signs of warming up, there will be reorganization or M & A among coal enterprises in the future, which conforms to the market law and is also conducive to the elimination of backward coal production capacity

as for whether Yangmei group will cooperate with Lu'an Group, the above SASAC said that there was no accurate information about "this will be the first time to take direct action through European automobile manufacturers" and it was inconvenient to comment. Previously, it was reported that Shenhua wanted to merge with China coal, but both sides finally came forward to clarify that they had not received any written or oral information from any government departments about the merger of Shenhua and China coal

"this means that the merger between central enterprises needs the consent of the government, and the merger between provincial state-owned enterprises needs the consent of the government." The person is also known as

in addition, the author notes that in 2015, the elimination of backward production capacity and enterprise mergers and acquisitions have always been a hot topic in the coal industry. According to the plan previously announced by the national energy administration, 77.79 million tons of backward production capacity and 1254 coal mines in the coal industry will be eliminated in 2015. In this context, the tide of coal enterprise merger may come

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