Analysis of China's Coal Resource Safety and Enterprise Performance

DOI

10.2991/978-94-6463-102-9_45How to use a DOI?

Keywords

Coal Resources; Energy Security; Corporate Performance; China

Abstract

In 2021, 56% of China's energy consumption comes from coal resources. The supply of China's coal resources mainly meets its own domestic needs and is the basis for energy security. Using the grey incidence analysis method, it is concluded that China's GDP has a high degree of correlation with raw coal production, and a relatively low degree of correlation with the profits of coal enterprises. The correlation between GDP and coal in Shanxi Province, Inner Mongolia and Shaanxi Province, the main coal producing areas, is higher than the national average. China's industrial policies have a huge impact on the coal market. Under the influence of production capacity restrictions, coal resource integration, and corporate restructuring, the coal industry market is highly concentrated, and the barriers to entry and exit are also raised accordingly, resulting in obvious economies of scale. The mergers and acquisitions of coal enterprises have not formed a monopoly price of coal. China's coal price is mainly affected by short-term demand and government regulation and control policies. China's coal enterprises are able to maintain profits all year round, and profits account for a high proportion of industrial enterprises' profits. The mortality rate of one million tons of coal mines in China has been gradually decreasing for many years, mainly due to intelligent production technology and advanced management experience. The key point for China's coal enterprises to further improve their efficiency lies in the combination of coal mine production and industrial information technology and the improvement of labor efficiency.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xianying Huang
AU  - Wei Li
AU  - Chunfang Wang
PY  - 2022
DA  - 2022/12/29
TI  - Analysis of China's Coal Resource Safety and Enterprise Performance
BT  - Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
PB  - Atlantis Press
SP  - 416
EP  - 424
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-102-9_45
DO  - 10.2991/978-94-6463-102-9_45
ID  - Huang2022
ER  -