Analysis of the market status and development trend of China's coal chemical industry in 2022 shows that modern coal chemical industry has become mature

About 20% of methanol is used as fuel, which directly releases carbon dioxide when used, and no longer has the function of carbon utilization, and carbon saving is mainly manifested in the production process. In addition, 80% methanol can be used as a chemical raw material to produce olefin, formaldehyde, alcohol and other chemicals, carbon continues to be used, and will not be converted into CO2 in the short term, so it can be considered that coal methanol has a strong carbon utilization function.

V. Analysis of key enterprises in China's coal chemical industry

China Shenhua and China Coal Energy are key enterprises in the field of coal chemical industry. China Shenhua owns high-quality coal resources such as Shendong Mining area, Junge mining area, Shengli Mining area and Baolixile mining area. Its coal mining and safety production technologies are at the international advanced level, and its technologies such as clean coal-fired power generation and heavy-haul railway transportation are at the domestic leading level. The business of China Coal Energy Company mainly includes coal, coal chemical industry, coal mining equipment manufacturing, etc. In 2021, China Coal Energy Company will continue to strengthen the production organization and management, and continuously improve the stable operation capacity of the equipment through professional management measures such as operation optimization, technical transformation and management improvement, so as to achieve safe and stable high-load production and re-innovation level of coal chemical industry operation. According to statistics, as of the first half of 2022, China Shenhua Coal chemical business revenue 3.425 billion yuan, an increase of 5.1%, accounting for 2.07% of the revenue, China Coal energy coal chemical business revenue 12.402 billion yuan, an increase of 17.37%, accounting for 10.51% of the revenue.

From 2016 to 2021, the gross profit margin of coal chemical industry of the two enterprises fluctuated greatly. During this period, China Shenhua's coal chemical gross margin fluctuated between 15% and 25%, and its coal chemical gross margin was 20% in the first half of 2022. From 2016 to 2021, China Coal Energy's coal chemical gross profit margin showed a downward trend, and in the first half of 2022, China Coal Energy's coal chemical gross profit margin was 19.9%.

6. Analysis of the development trend of China's coal chemical industry

The coal chemical industry is related to the national energy strategic development plan, and the government has timely issued industrial policies for classification, scale and region, guiding the healthy and orderly development of the coal chemical industry from the source, providing clear ideas for promoting the innovation and development of the modern coal chemical industry, operating in accordance with the law in the entire industry, carrying out effective supervision over the whole process, and improving the competitiveness of the coal chemical industry.

Keeping up with the pace of the development of the world's cutting-edge technologies, taking transformative technologies as the lead, strengthening the layout of science and technology, and achieving technological breakthroughs can significantly improve the stability and economy of production, and promote the development of the industry to scale, refinement, and high-end. Through the complementary advantages between related industries across fields and industries, to promote the development of high-quality green innovation, industrial integration, scientific and technological innovation.

Green development has been the main direction of scientific and technological revolution and industrial structure optimization and upgrading, and the implementation of the new environmental protection law and special action plans for air pollution, water pollution and soil pollution has promoted the modern coal chemical industry to take the road of scientific and healthy innovation and development.

For modern coal chemical industry, the production of market-oriented high-end fine chemical products generates high value-added chemical products by introducing advanced technology, adjusting product structure, optimizing resource allocation. The modern coal chemical industry will develop orderly and healthily in the direction of diversification, high-end and low carbonization.

Huajing Industrial Research Institute has carried out a detailed analysis of the development status of China's coal chemical industry, market supply and demand, in-depth analysis of the industry upstream and downstream industry chain, enterprise competition pattern, etc., to minimize enterprise investment risk and operating costs, and improve enterprise competitiveness; And use a variety of data analysis technology to predict the development trend of the industry, so that enterprises can seize the market opportunities in time