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Securities News Made an Exclusive Interview on Yanzhou Coal

2018-07-09 18:16:34

Securities News visited Yanzhou Coal (“the Company”) and made an exclusive interview on 3 July and 4 July.Interviewed by deputy edit-in-chief Wang Bingyang, Li Xiyong, Chairman of the Board of Yanzhou Coal shared the experiences and views in the Company's reform and innovation, replacing old growth drivers with news ones, and answered his questions.

During the exclusive interview with Securities News in themorning of 4 July, Li Xiyong said, the current and near future is the window period for Shandong Province to accelerate replacing old growth drivers with new ones, and the critical period for Yanzhou Coal to achieve leapfrog development as well. Yanzhou Coal will, guided by renewing concept and promoting ideology,aligning understandingwhile freeingtheminds, innovation and development in problem solving, proactively engaged in the critical campaign of replacing old growth drivers with new ones.Yanzhou Coal willvigorously explore the transformation and upgrading mode forcurrent status reform and productionimprovement simultaneously, drive traditional industries for transformation & upgrading andexpedite emerging industries by way of“industrialchains establishing,perfecting and strengthening”.Firstly, promote“efficient and clean”coal mining while ensuring safety.Secondly, propel“high-end, fine and clustering” conversion of coal.Thirdly, facilitate“high-quality, advanced and intelligent” equipment manufacturing.Fourth, push“innovative, open and integrated” AI.Fifth, accelerate“in-depth and integrated” development of finance andtrade.Finally, drive“perspective, green and renewable” promotion of emerging industries.

Li Xiyong also introduced progress andnext-step plan of Yanzhou Coal in details to the journalists of Securities News.

In the afternoon of 3 July, after site visiting Control & Coordination Center of Yanzhou Coal, Dongtan Coal Mine and Huaju Energy Company, Securities News delegation expressed their appreciation on Yanzhou Coal’s structural optimization of coal industry. Vigorously responding to national policy of supply-side structural reform to coal industry, adopting measures such as production reduction/capacity replacement,eliminating outdated facilities and releasing premium & advanced capacity, Yanzhou Coal has reduced overall coal capacity and fulfilled structural optimization.