Industry trends

In recent years, driven by continued strong market demand, fixed asset investment in the coal mining industry in our country has increased significantly year by year. According to statistics, in the eight years since the "Eleventh Five-Year Plan", the fixed asset investment in the coal mining industry across the country has completed a total of 2.79 trillion yuan, and the cumulative annual new production capacity has exceeded 2.50 billion tons. Although there are constant voices warning about the risk of overcapacity in the coal industry, this has not changed the investment boom over the years.

　　Li Ruifeng, general manager and chief engineer of the Coal Industry Planning and Design Institute, suggested that the peak of coal consumption is coming, and oversupply will be a long-term trend. Enterprises should reduce coal investment or invest cautiously to avoid aggravation of oversupply and deterioration of industry development. In addition, enterprises should plan early, make strategic adjustments, make transformation and development plans, and actively cultivate new economic growth points to cope with the decline in demand after the peak of coal consumption.