内蒙古万豪国际娱乐注册煤炭股份有限公司

About Yitai

Real Time Share Price B | H

3.56 RMB+2.47%

Stock code (B) [ 900948.SH ]

3.56 RMB+2.47%

Stock code (H) [ 03948.HK ]

In 2020, the Company will speed up industrial upgrading pace on the basis of strengthening its principal business of coal sector to enhance the Company’s core competitiveness.


Firstly, the Company will take the national thorough implementation of supply-side reform as an opportunity to further participate in production capacity replacement, in order to ensure the release of advanced production capacity of existing mines and increase the earnings generated from its principal business of coal sector. Meanwhile, the Company will continue to actively seek mergers and acquisitions opportunities, focus on the implementation of reserved resources, integrate internal and external high-quality coal resources and make sure the continuity of resources to enrich the strategic reserves of the Company. Furthermore, the Company will promote the implementation of professional operation for coal production, maintain the vitality of production and operation, and implement stricter control over the costs of coal.


Secondly, the Company will further expand the sales market share in downstream industries including chemicals, construction materials and cement, and improve coal sales profit on the basis of the key long-term customers and with the center of product structure optimization. It will seize the opportunities coming along with the reform of railway cargo settlement to further improve the assets returns of Zhundong Railway and Huzhun Railway, make every effort to increase the traffic volume, and maximize the profit derived from the railway segment.


Thirdly, the Company will develop clean coal technology, drive the growth of new driving forces, and explore high quality development. We will firmly extend the industry chain, improve added value of products and focus on quality and efficiency improvement for projects which have been put into operation to enhance the overall profitability of the coal chemical sector. On the basis of steadily advancing the examination and approval, construction and operation of coal chemical projects, the Company will promote the medium-to-high end extension of the industry, increase added value, and further develop the markets to improve the benefits and core competitiveness of the industry.


Fourthly, we will continue to improve the production safety mechanism, explore a safety supervision mechanism for professional operation for coal production, enhance safety management, and facilitate dual prevention mechanism and standardized construction to guarantee a continual and stable safety status. In addition, the Company will continue to scale up comprehensive utilization of resources and ecological environment protection in mining areas, insist on the simultaneous development of prevention & governance and construction, and improve the pollution prevention, control and governance system to ensure effective operations of environmental facilities and up-to-standard discharges. We will also take multiple measures to increase efforts on prevention and control of environmental risks, and develop environmentally-friendly industries to perform our environmental and social responsibilities.


Fifthly, the Company will continue to deepen the reform of management, enhance the autonomy of production and management of all grassroots units, stimulate and fully release the vitality of production and operation units as market players. By effective mechanism of professional operation, the Company will continue to maintain sound control over costs and expenses and sharpen our competitive edges. Meanwhile, we will create high-quality and highly-efficient functional service mechanism, and further improve the talent team building, with a view to building a young, vigorous and professional workforce with strong managerial abilities.


Sixthly, The Company builds a capital sector and gradually realizes a new industrial structure of “Industrial + Capital” dual-wheel drive, thereby breaking the constraints of traditional industry and geographic, entering emerging industries and fully integrating external resources. The Company achieves the development mode of industrial and capital two-wheel drive, gradually reduces the cyclical risks of the relatively concentrated industrial sector and ensures the Company’s long-term and sustainable development.