Recently, Top 100 Coal Enterprises of China 2013 and Top 50 Chinese Coal Enterprises by Output 2013 selected by China National Coal Association were announced.
    The rating of Top 100 Coal Enterprises of China 2013 was based on their operating revenue in 2012. Shenhua Group topped the list with an operating revenue of RMB 343.969 billion, followed by Jizhong Energy Group (RMB 222.843 billion) and Shandong Energy Group (RMB 193.773 billion). Shanxi Coal Transportation and Sale Group, Shanxi Coking Coal Group, Henan Coal Chemical Industry Group, Yangquan Coal Industry Group, Hebei Kailuan Group, Shanxi Lu'an Group and Shanxi Datong Coal Mine Group respectively covered the ranks from No. 4 to No. 6. The top 10 enterprises last year remain the top 10 this year, merely with some change in the ranks.
    The rating of Top 50 Chinese Coal Enterprises by Output 2013 was based on the coal production in 2012. Shenhua Group still ranked first with 457 million tons. The coal production of 7 enterprises has exceeded 100 million tons, including China Coal Energy Co., Ltd., Shanxi Datong Coal Mine Group, Shandong Energy Group, Jizhong Energy Group, Shaanxi Coal Chemical Group and Shanxi Coking Coal Group besides Shenghua Group. Compared with the previous year, only the seven still produced more than 100 million tons of coal, but the orders of No. 4 and No. 7 changed. 10 enterprises produced 50-100 million tons of coal in 2012, one more than last year. The coal yield of top 50 all exceeded 10 million tons in 2012.
    In 2012, coal market experienced great changes, and some new changes appeared in the business development level of the 100 short-listed companies.
    First, operation scale continued expansion and the speed slowed down. Top 100 realized total operating revenue of RMB 3777.8 trillion, up 18.15% from the previous year, with growth rate down by 25.69 percentage points. 16 enterprises boasted annual operating revenue above RMB 100 billion, 2 more than last year. The operating revenue of 71 enterprises kept increase, and 45 maintained maintain double-digit growth.
    Second, coal output continued to grow and the growth rate declined. Top 100 totally produced 2.849 billion tons of coal, accounting for 78% of state’s total coal capacity; yield increase 8.7% from the previous year, an increase of 10.38 percentage points, the lowest level since the Eleventh Five-Year period. Among 92 coal production enterprises, the production of 64 enterprises increased year on year, and that of 28 decreased.
  Third, the economic benefits of enterprises significantly declined and debt burden aggravated. The net profit of Top 100 hit RMB 150.762 billion in 2012, down 26.33% over the previous year. Hereinto, 10% of enterprises suffered loss, 30% of enterprises suffered loss from non-coal industry and the net profit of 70% of enterprises declined year on year; income margin was 3.99%, 2.41 percentage points lower than that in previous year, and hereinto, the income margin of 90% of enterprises fell; asset-liability ratio continued to rise and reached 65.62%, 3.49 percentage points higher than the previous year’s and 5.33 percentage points higher than that of the national coal enterprises above designated size.
    Fourth, technological innovation capacity steadily improved. In 2012, Top 100 totally invested RMB 52.3 billion as R&D funds, an increase of 12.23% over the previous year; R&D investment accounted for 1.41% of total operating revenue, up slightly from the previous year. From the perspective of patent R&D output, there were a total of 10,757 patents, 4,289 more than last year, an increase of 66.31%. Among, the figure of invention patents hit 1,584, 578 more than last year, an increase of 57.46%.
    Fifth, coal structural adjustment and industrial restructuring accelerated. 7 among Top 100 boasted an annul capacity over 100 million tons, and 57 over 10 million tons. The non-coal operating revenue of Top 100 hit RMB 2,062.3 billion, with proportion exceeding 60% for the first time. Hereinto, the business scale of coal chemical field was the highest and accomplished an income of RMB 217 billion, accounting for 10.52% of the gross non-coal value; the installed capacity of coal power exceeded 110 million kilowatts, realizing an income of RMB 156.4 billion .
    Sixth, mergers & acquisitions and market-oriented reforms accelerated. Among Top 100, 40 enterprises had M&A activities and 38 enterprises owned 47 listed companies in 2012. Hereinto, the number of listed coal companies reached 26. There were a lot of M&A hotspots, such as Shenghua Group reorganizes State Grid Energy, An Hhui Wenergy Company and Bashu Electric Power, Shaanxi Yulin Energy Group, the third largest Energy Group in Shaanxi Province was restructured.