Shaanxi Daily: Jan. 12th ,2017   First edition

Shaanxi Daily News (By Cheng Jingfeng)

On January 11th, 2017, reporters learned some economic indicators from work conference: In 2016, ShaanMei Group sticks to surviving from governing loss and deepening the reform development. Meanwhile, its assets has reached 450 billion yuan, the scale of income has exceeded 200 billion yuan for the first time, 212 billion yuan, up 11.2% from a year earlier.

In 2016, ShaanMei Group made a continuous progress in reducing output capacity, optimal structure, grasp the reform, promote innovation and cost reduction, etc. And it also greatly improve the quality of economic operation. The annual output of coal is 126 million tons , chemical products are 13.87 million tons, iron and steel is 7.3 million tons and power generation 40.3 billion KWH. Its profits is 30.01 billion yuan.  It is a highlight to develop 50 key construction projects in accordance with the requirements of the group. The annual investment has achieved 18.2 billion yuan. To steadily reduce output capacity, the coal production is only 18.15 million tons and iron production is 600 thousand tons.

The labor employment of Group company has reduced totally more than 16000 people by advancing the enterprise mobility between new staff and old staff ; docking with the local government for public welfare jobs; Implementing the strategy of "going out" and establishing long-term effective mechanism of surplus people's placement. In terms of cost reduction, ShaanMei Group focuses on changing cost quota management into supply chain optimization. By the end of November, 2016, the average cost of coal goods is 147 yuan per ton , the average manufacturing cost is 1967 yuan per ton of steel, year-on-year decline is 11.9% and 9.3%, respectively, The cost level of ShaanMei Group has entered the lowest level of national coal enterprise.