煤焦数据解读：2025年1-3月前十大煤炭国企产量

Report Summary 1. Core View - The total coal production of the top 10 coal - producing state - owned enterprises in China from January to March 2025 increased year - on - year, matching the overall domestic coal production trend. After the "good start" in the first quarter, the situation of coal supply surplus will intensify in the second quarter [1]. 2. Key Data - Top 10 Coal Enterprises' Production: The total production of the top 10 coal - producing state - owned enterprises from January to March 2025 was 590 million tons, an increase of 89.74 million tons year - on - year, accounting for 49.2% of the total production of enterprises above the designated size [1]. - Individual Enterprise Production and Growth Rates: - National Energy Group produced 154.28 million tons from January to March 2025, a year - on - year decrease of 0.7% [1]. - Jinneng Holding Group produced 100.8 million tons, with a significant increase compared to 81.24 million tons in the same period of 2024 [1]. - Shandong Energy Group produced 67.99 million tons, a year - on - year increase of 4.9% [1]. - China National Coal Group produced 67.24 million tons, a year - on - year increase of 2.9% [1]. - Shaanxi Coal Group produced 63.48 million tons, a year - on - year increase of 4.4% [1]. - Shanxi Coking Coal Group produced 46.38 million tons, a year - on - year increase of 29.4% [1]. - Huaneng Group produced 27.13 million tons, a year - on - year decrease of 6.3% [1]. - Lu'an Chemical Group produced 24.42 million tons, a year - on - year increase of 17.4% [1]. - State Power Investment Corporation produced 20.71 million tons, a year - on - year decrease of 1.9% [1]. - Henan Energy Group produced 18.81 million tons, with a year - on - year increase of 9.2% (previous year's data was not disclosed) [1]. - Shanxi Enterprises' Production Growth: The three major coal enterprises in Shanxi Province (Jinneng Holding Coal Industry, Shanxi Coking Coal Group, and Lu'an Chemical Group) had significant production increases. Their combined production increased by 12.83 million tons year - on - year, matching the 20.68% increase in Shanxi's coal production from January to March 2025 [1].