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.

(2) Intelligent mine market space estimation

According to the "Smart Enabling Coal Industry New trillion Market" issued by Ernst & Young (China) Enterprise Consulting Co., LTD., the cost of intelligent transformation and upgrading of a single mine in an existing production mine is about 149 million yuan to 263 million yuan, and the cost of single mine transformation in a new mine is about 195 million yuan to 385 million yuan. Combined with the stock of thousands of coal mines across the country, the intelligent construction of coal mines in China will create a trillion-level broad intelligent mining market. In addition, with the mature application of intelligent mine information system products and technologies in the coal industry, it will create the possibility of expansion to energy and chemical industries such as oil and gas mining, and its market space will usher in new growth drivers.

(3) The development trend of intelligent mining industry

① Technology development trend

At present, China's coal intelligent research started late, in recent years has shown a rapid development trend. In the future, more in-depth integration of industrial Internet of Things, artificial intelligence, big data and other new generation information technology to achieve "autonomous perception, ubiquitous connection, data-driven, intelligent mining" will be the main goal of intelligent development of coal mines. In the future, the intelligent mine will realize multi-dimensional active perception of real-time changes in the mine environment through various intelligent sensing devices, realize extensive connection between people, people and things, and things and things in the mine through the network, realize data-driven decision-making through data collection and analysis, and realize intelligent mining of coal resources through intelligent production control.

② Product development trend

At present, intelligent mine system products often come from different manufacturers, and their equipment reliability and compatibility are poor, especially reflected in standards, protocols, interfaces and other aspects. Therefore, to carry out communication and cooperation between enterprises, develop highly compatible software and complete sets of equipment, it is easier to integrate various software systems to achieve comprehensive automation, information, intelligence, easier to collect all kinds of information in the production process, convenient fault diagnosis, continuous optimization and improvement. Product integration trend can provide downstream customers with more comprehensive technology and solutions; The trend of product integration conforms to the development trend of intelligent technology of coal machine. The trend of product flexibility and integration has enhanced the functional diversity and environmental adaptability of products, and the development trend of the above products will further enhance the level of intelligent construction of coal mines in China.

In addition, with the mature application of intelligent mine system products and technologies in the coal industry, there will be more possibilities for low-cost cross-industry replication of related businesses in industries with high intelligence and safety production needs.

③ Enterprise development trend

At present, China is still in the initial stage of intelligent coal mine construction, there are more enterprises that provide intelligent mine related products and services, and most production enterprises are small in scale, and there are fewer enterprises that truly have independent research and development capabilities and can provide more complete solutions. However, with the development of the intelligent coal mine industry, leading enterprises with larger scale and better product quality will gradually emerge, continue to carry out industrial integration to achieve agglomeration, and constantly improve their own quality management system, increase research and development investment and improve after-sales service, and ultimately optimize the supply structure of the intelligent mine market in China.

In general, coal mine production as the core of the entire coal industry, the use of the Internet of things, big data and other new generation of information technology for its intelligent construction, is to adapt to the development trend of modern industrial technology revolution, to ensure national energy security, to achieve high-quality development of the coal industry essential support, so the smart mining industry has the historical inevitability of sustained growth. And thanks to the dual guarantee of policy foundation and technological innovation, China's smart mining industry will quickly usher in a broad space for development.