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<H3></H3></TD></TR> <TR> <TD align=right width=346><A href="http://www.ynryjkb.cn/" target=_blank>煤炭资讯|?/A></TD> <TD width=382>2007-9-18 8:17:46    <A href="http://www.ynryjkb.cn/MroeNews.aspx">煤市分析</A></TD></TR> <TR> <TD colSpan=2 class="newsContent"> <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" > <HTML> <HEAD> <meta http-equiv=Content-Type content="text/html;charset=gb2312" /> <title>中国华董事长:煤h(hun)显著反映资源稀~度

中国华董事长:煤h(hun)显著反映资源稀~度


07--9--18

在获得证监会核准发行A股以后,中国华展开全国路演。就中国华此次A股发行和公司未来的前景,本报记者对中国华董事镉K必亭q行了专ѝ?/SPAN>

煤量年增长?SPAN lang=EN-US>1500万吨

记者:此次公司计划发行不超q?SPAN lang=EN-US>18亿股A股ƈ在上怺易所上市Q公怸要是Z哪方面考虑Q未来几q中国神华的发展目标是什么?

陈必亭:此次A股发行将建立中国华新的融资q_Qؓ公司业务的持l发展提供资金,q进一步提升公司竞争力以及东带来权益和利润的增加?/SPAN>

中国华依靠内生性增长,预计?SPAN lang=EN-US>2010q_商品煤量达?SPAN lang=EN-US>2亿吨Q年均增长超q?SPAN lang=EN-US>1500万吨Q年均复合增长率预计辑ֈ16.2Q;2007q底Q电(sh)力总装机容量将辑ֈ14400兆瓦。预计到2010q_?sh)力总装机容量达?SPAN lang=EN-US>2万兆瓦,q均复合增长率ؓ19.5Q?/SPAN>

同时Qؓ了保证铁路和港口q力与煤炭量匹配,?SPAN lang=EN-US>2010q底Q中国神华铁路主要干U的q力达?SPAN lang=EN-US>2.5亿吨Q港口总装煤能力将辑ֈ1.4亿吨?/SPAN>

记者:煤炭企业目前已经普遍面(f)着h上升Q但是成本上升更快的问题。在成本的控制方面,公司有什么规划?政策性成本对公司有多大媄响?

陈必亭:煤炭企业的运营成本主要包括两个方面,一cL自nq营的成本,公司能通过自n的努力降低这一成本Q另外是政策性成本,例如国家的税收和要求~纳的各U基金等?/SPAN>

对于W二cL本,公司的办法是逐步提高煤h(hun)。目前公司在p的煤炭开采业务已l开始缴U_持箋发展基金Q如果可持箋发展基金的试Ҏ(gu)大到陕西、内蒙等产煤大省Q这会给公司的成本带来压力。今qƈ没有q行煤电(sh)联动Q因此煤炭h(hun)格的提高会给?sh)厂带来压力Q但是公司对明年煤h(hun)的谈判具有相当的信心?/SPAN>

总而言之,公司目前在降低自w运营成本方面的重要优势是,公司自n拥有铁\Q截止到今年上半q_公司82.5Q的煤炭通过自己的铁路运输系l运往客户或港口,因此通过加大铁\q量所带来的规模效应,公司能够逐渐降低q输成本?/SPAN>

持箋资注入

记者:目前国内国际收购风v云涌Q中国神华有哪些收购兼ƈ的计划?

陈必亭:中国华的兼q收购战略有三个层面Q一个是寚w团资产的收购Q一个是在国内的煤炭企业中寻找机会,另外我们q将逐步q行国际q购?/SPAN>

W一Q公司将逐步购买华集团优良资。神华集团在煤矿、电(sh)力和煤制油等斚w有许多优良资产,公司会分步实施收购。目前神华集团存l煤炭项目主要有西五公司、神宝公司、神新公司和宁公司{,q些企业2006q原煤量超q?SPAN lang=EN-US>5600万吨Q可采储量ؓ60亿吨?/SPAN>

目前Q母公司正在对这些资产进行重l,待这些资产重l完成,盈利和管理水qC市公司的要求后,会考虑注入。母公司的基本政{是成熟一个,注入一个?/SPAN>

W二Q在国内行业整合中寻找机会。中国煤炭行业正在经历向大规模、集U化生的{型期Q大型煤炭企业的Z颇多。我们将从中获取更多的资源。中国神华现在正在徏讄哈尔乌素露天煤矿是由原?SPAN lang=EN-US>20多个井工开采的煤矿整合而成的?/SPAN>

W三Q逐步拓展国际化发展道路,审慎、有选择地进行v外收购?/SPAN>

国内煤炭市场长期景气

记者:最q三q煤炭业景气度较高Q煤炭行业的投资大幅增加Q很多专安Ҏ(gu)表示担忧Q认可能带来产能q剩Q你怎么看这个问题?

陈必亭:我ƈ不担心会遇到产能q剩的问题?/SPAN>

煤炭在中国能源消费结构中居于MCQ近几年Q煤炭一直占中国能源消费量的70Q左叟뀂按照中?SPAN lang=EN-US>?/SPAN>富煤贫a气?/SPAN>的能源资源构成现Ӟq个比例在未?SPAN lang=EN-US>10q或更长旉不会有大幅变化?/SPAN>

中国煤炭行业?SPAN lang=EN-US>2003q以来一直处于行业景气周期。最q几q来Q中国经保?SPAN lang=EN-US>10%左右的高速增长,中国重工业化、城市化的进E不断加快,都带动了煤炭消费量的高速增长,特别是主要耗煤行业增长强劲Q?SPAN lang=EN-US>2007q上半年主要耗煤行业增长速度都在12%以上。煤炭行业呈现出需求持l旺盛的态势?/SPAN>

管q去几年中国煤炭行业的投资额大幅增加Q但煤炭行业投资额占全社会投资额的比重仅?SPAN lang=EN-US>1.0%左右Q与上世U?SPAN lang=EN-US>90q代的水qxq?/SPAN>

2007q国家持l加强关停小煤矿的力度。上半年关闭2811处,关闭产能U?SPAN lang=EN-US>1.2亿吨Q全q计划关闭小煤矿4000多处Q关闭能约1.7亿吨Q小煤矿数量和能的下降使得国内煤炭供应量增速放~?/SPAN>

从进出口斚w看,上半q中国煤炭进口量?SPAN lang=EN-US>2707万吨Q同比上?SPAN lang=EN-US>47.6%Q出口量?SPAN lang=EN-US>2312万吨Q同比下?SPAN lang=EN-US>29.3%Q中国首ơ成为煤炭净q口国。国内煤炭供需基本q的态势也说明,短期q不存在q剩的压力?/SPAN>

记者:你如何看待未来几q国内和世界的煤炭市场Ş势?

陈必亭:l合煤炭供需形势Qȝ来看Q下半年以及未来几年内煤炭供l与需求将保持基本qQ局部地区、部分时D及高质量动力煤会出现紧张局面?/SPAN>

2007q上半年Q国内煤炭h(hun)格在历史高位波动。由于国内煤炭需求持l旺盛,而煤炭有效供应受到铁路运输瓶颈的限制而难以快速增长,预计未来几年国内煤炭h仍将处于历史高位Qƈ存在一定的上升I间?/SPAN>

上半q亚太市场煤炭h(hun)格持l走高。主要原因是中国转变为煤炭净q口国,同时主要供应国澳大利亚港口能力不_天气Ҏ(gu)大利亚、印煤炭生产及出口的不利媄响?/SPAN>

q年来,同等热值的煤炭与其它主要能源相比具有越来越强的h优势Q从历史水^看,相同热值的原ah大约是煤炭h(hun)格的1.5-2倍,?SPAN lang=EN-US>2006q以来上升到5倍左叟뀂煤炭需求会q一步增加,带动煤炭h的上涨?/SPAN>

我们认ؓQ长期来看,煤炭h显著升高,以反映资源的E~程度;中期来看Q煤炭h(hun)格将逐渐升高Q符合整体经的q行规律Q短期来看,煤炭h在高位q行Q略有L动?/SPAN>

 



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