Intelligent mining industry chain analysis

(1) Intelligent mining industry chain analysis

① Industrial chain overview

Intelligent mining industry chain upstream raw materials, parts and services, including electronic components, integrated modules, outsourcing processing; The midstream products are all kinds of intelligent mine information systems; The downstream application field is the coal industry, and the specific customers are coal mine production enterprises and coal mine equipment manufacturers.

The demand of the smart mining industry is greatly affected by the downstream coal industry, and the overall development of the downstream industry directly determines the demand of the industry. Although the overall development of the coal industry shows a certain periodicity due to the macroeconomic impact, the intelligent mine information system is mainly necessary to achieve the safety improvement, efficiency reduction and energy saving and consumption reduction goals of coal mine production. The development of the industry is mainly affected by the national industrial policy, the importance of enterprises and the number and scale of coal mines in China. At present, due to the huge demand for coal mine upgrading and upgrading in China, the intelligent mine industry has broad prospects for development.

② The development status of the upstream industry and its impact on the industry

Electronic components, integrated modules and outsourced processing are the main raw materials and services required by the company to produce intelligent mine information system products at present. The supply situation, price changes and product or service quality of the upstream industry may affect the operation of the industry. Therefore, intelligent mining enterprises need to establish a stable and efficient supply chain management system. Maintain good business cooperation and close information exchange with upstream suppliers, and timely understand the technical progress and price fluctuations of upstream materials or services to ensure the stability of product quality and rapid response to downstream customer needs.

In terms of upstream supply, the above raw materials and services have a large number of suppliers in the country, the competition is more fierce, there is no single supply channel, product or service monopoly, its sufficient supply is conducive to the development of the industry. For raw materials and outsourced processing suppliers, the issuer has established a relatively perfect and effective supplier selection system, selecting suppliers with stable quality, and implementing strict quality inspection procedures to ensure the quality of its own system products.

At present, there is still a certain gap in China's high-end sensor chips, power semiconductor devices and other aspects compared with the international advanced level, and it can not fully meet the requirements of intelligent construction of coal mines in China, but with the continuous development of China's industrial Internet of Things industry, the upstream supporting industry will also grow steadily, and the upstream supply chain of China's intelligent mining industry will become more complete in the future.

③ The development of the downstream industry and its impact on the industry

The specific customers of smart mine system products are coal mine production enterprises and coal mine equipment manufacturers, but the final downstream are coal mine production, so the smart mine industry is closely related to the development of the coal industry. China is the world's largest coal producer and consumer. In 2019, China's coal output was 3,698.00 million tons, an increase of 4.00%. Consumption of 4,176.54 million tons, an increase of 5.09%, compared with the coal industry "capacity reduction, structural adjustment" has shown a certain warming trend. According to the "14th Five-Year" high-quality development guidance of the coal industry issued by the China Coal Industry Association, by the end of the 14th Five-Year Plan, that is, 2025, China's coal production will be controlled at about 4.1 billion tons, compared to the output of 3.90 billion tons in 2020, there is still some room for growth.

Affected by the decline in macroeconomic growth and the transformation and upgrading of the domestic coal industry itself, the development of the coal industry fell to a low point in 2015. According to Wind Information data, the total profit of China's coal mining and washing industry in 2015 was 44.08 billion yuan, only about 10% of the total profit in 2011. However, with the initial results of the supply-side reform of China's coal industry and the recovery of industry benefits, in 2021, it is affected by factors such as industrial recovery after the epidemic, strong market demand and tight market supply, and the total profit of China's coal mining and washing industry has climbed to the highest level in nearly ten years, reaching 702.310 billion yuan.

Although the coal industry will show certain cyclical fluctuations under the influence of macroeconomic and other factors, the overall development trend of the coal industry has not changed due to the fundamental reversal of the long-term trend of China's economic growth and the fundamental pillar position of coal in China's energy strategy. With the continuous deepening of supply-side reform, the pace of coal industry's capacity reduction has accelerated. The situation of overcapacity has improved, and the industry efficiency has also recovered. Moreover, China's existing coal industrial facilities are huge, and the existence of stock equipment renewal demand provides a huge market growth space for the intelligent mining industry.