Falling coal prices coal enterprises into comprehensive loss, also make the market to become the biggest topic of coal industry. Chinese Securities News reporter learned from the industry, the Ministry of finance is currently studying the coal value-added tax rate from the current 17% to 13%.

Data shows, the first 2 months of this year, above scale coal enterprises the main business income of 396660000000 yuan, down 8.3%. The dilemma facing the industry management department, this year will further control the total amount of coal, coal production fell 5% from a year earlier this year, the listed coal enterprises also accelerate business transformation.

Deteriorating coal operation index

In 2015, coal prices will fall. In April 8th, the latest issue of the Bohai thermal coal price index, 5500 kcal coal at 459 yuan / ton, down 10 yuan / ton, compared with the previous reporting period, has a fall of 13 weeks. Since the beginning of this year, the Bohai thermal coal price index has fallen 66 yuan / ton, or up to 12.6%.

In addition to the price of coal, coal production and sales, import and export volume, shipments, inventory and other multiple indicators are deteriorating. Chinese Securities newspaper reporter from the China coal industry association was informed that the first quarter, coal production 8.5 tons, down 3.5% year-on-year, the national coal sales 8 tons, down 4.7%. The first 2 months of this year the country's coal imports 32040000 tons, down 26550000 tons, down 45.3%, is expected in March coal imports continued to decline. A quarter of the national railway cumulative shipment of coal 5.36 tons, down 54990000 tons, down 9.2%. The whole society to save coal has continued for 39 months more than 3 tons.

The industry believes that in the short term, the national coal market oversupply situation is difficult to change, the market downward pressure is still large. By the lack of demand, excess capacity superposition effect, coal sales more difficult, prices downward pressure is still large; the loss of coal enterprises increased, or there will be industry wide losses.

Coal enterprises into comprehensive loss

Coal prices stumble endlessly to coal enterprise efficiency dropped significantly. China Coal Association data show, in 2014, the National Coal Enterprises above Designated Size of profit of 126850000000 yuan, down 108930000000 yuan, down 46.2%.

In 2015 continued to decline to make further deterioration of coal coal enterprises profit. Data shows, the first 2 months of this year, above scale coal enterprises the main business income of 396660000000 yuan, down 8.3%. In March 20th the Ministry of Finance released the information, the first 2 months of this year the country's coal state-owned and state holding enterprises overall loss. 90 large companies 2 months before the loss of 13100000000 yuan, the loss of more than 80%.

Value added tax is expected to cut coal

In the face of coal in winter, countries continue to increase efforts to rescue the market. Last year the national coal industry turnaround launched including fees and taxes, import restrictions, export tariffs on coal by a series of "combination of boxing". Chinese Securities News reporter learned from the industry, the Ministry of finance is studied, the coal value-added tax rate is expected from the current 17% to 13%. If the cut official, will further reduce the burden of coal enterprises.

Since 2008 November, coal prices soared, the State Council revised the "Provisional Regulations on value added tax" of the people's Republic of China, from the beginning of 2009 the VAT rate of coal is increased from 13% to 17%. However, since 2012, the coal market in the first half of three consecutive years of decline, the coal value-added tax is too high to coal enterprises causing serious burden. In this NPC and CPPCC period, many representatives of the coal value-added tax rate down to 13%.

Representative also suggested, to expand the coal enterprise oriented tax deductible range, will build and ancillary equipment and facilities, crop compensation, land collapse of governance, relocation, resources, transportation and other aspects of the purchase costs are included in the scope of deduction; adjust the coal value-added tax revenue of the central and local share, to make up for the coal enterprises to reduce the tax burden of value added tax the impact of fiscal revenue.

In addition, the reporter learned from informed insiders, for the coal industry turnaround, coal association this year will further control the total amount of coal, coal prices stable, and strive in 2014 on the basis of this year, coal production increased by 5%. At the same time strengthen to alleviate the burden on enterprises, the establishment of coal exit mechanism, promote the separation of the social functions of enterprises, maintain the market balance of supply and demand of coal, adjust and improve the evaluation mechanism of enterprise policies and measures. Carry out the coal tax policy research, tracking the change of coal resource tax tax burden after the reform, continue to call for the abolition of coal railway construction fund and port construction fund.