90% in the loss of enterprises, coal and steel production capacity is imperative
With the final disclosure time of the annual reports of Listed Companies in April 30th, the once spectacular coal and steel industry became the hardest hit areas for the loss of Listed Companies in 2015. The data showed that by the end of 28, there were 58 coal and Steel Listed Companies in the Shanghai and Shenzhen two cities, which had disclosed the annual report of 2015.
Among the 31 coal listed companies that have disclosed annual reports, only 4 listed companies achieve year-on-year growth in net profit. In 27 listed steel companies, only 27 listed companies have achieved year-on-year growth in net profit. Through the above data, it can be seen that the loss ratio of coal and steel listed companies is about 88%.
"In fact, coal and steel listed companies are expected to have a large loss in net profit in 2015. Since 2015, coal, iron and steel industry two because the economic situation is more severe, the downstream demand is sluggish, the expansion of imports and contradictions serious excess capacity makes the market oversupply is more prominent, and the reduction and management more difficult business income makes these two industries can't do anything. Therefore, the two major industries to go to the capacity task is imminent. Wen Pengchun, a financial critic, said.
It is understood that since February this year, the State Council has issued "opinions on solving the problem of excess capacity in the steel industry to alleviate the difficulties" and "opinions on solving the excess capacity of the coal industry to alleviate the difficulties". It is worth noting that when researching and formulating the supporting documents for production capacity, all sectors including the "one line, three sessions", the Ministry of finance, the Ministry of human resources and social affairs, the development and Reform Commission and the Ministry of land and resources were all supported.
In recent years, some listed companies have explored a lot of effective ways to dissolve excess capacity and realize the development of poverty relief. Combing the relevant listed company's capacity to move, the iron and steel industry, the enterprise through the closure device, capacity decompression, diversification and mergers and acquisitions and other ways to promote the capacity to work; the coal industry, in addition to the above measures, some listed companies actively explore cross industry restructuring, especially the adjustment to the downstream development of integrated coal direction. For example, China Shenhua plans to acquire 5 billion 400 million stake in Ningxia, 100% of Xuzhou power generation and 51% of Zhoushan power generation, so as to further promote the integration strategy of coal and electricity.
