山西晋城：金融助力绿色低碳转型探索 驱车穿行于山西晋城的沁水盆地群山之间，太行山脉的轮廓在阳光中舒展。从高处远眺，沁水寺河瓦斯 发电有限公司的现代化厂房静静矗立在山谷间，格外醒目。远处，一条条银色管道穿梭于山脊与沟壑 间，将寺河矿井下抽采的煤层气源源不断输送至厂区。厂房内，燃气发动机平稳运转，空气中不见烟 尘，中控室电子屏上跳动的各项数据，清晰勾勒出这座资源型城市能源转型的轨迹。 晋城煤层气产业的蓬勃发展，离不开绿色金融政策的强力支撑。"近年来，中国人民银行联合有关部门 出台《关于发挥绿色金融作用服务美丽中国建设的意见》《关于进一步强化金融支持绿色低碳发展的指 导意见》等系列政策文件，2025年发布的《绿色金融支持项目目录（2025年版）》，明确将'煤层气地 面抽采、煤层气综合开发利用'列入绿色金融项目，为金融机构开展相关业务提供了清晰指引。政策红 利的持续释放，让晋城煤层气产业迎来了发展的黄金期。"中国人民银行晋城市分行行长宋晓瑞说。 煤层气俗称"瓦斯"，其主要成分甲烷的温室效应是二氧化碳的21倍，既是煤炭开采过程中的安全隐患， 也是威胁生态环境的"隐形杀手"。而在沁水寺河瓦斯发电有限公司的厂房里，这一昔日 ...

《金融时报》记者了解到，山西省大同市能源局制定印发了《大同市推进煤矿智能化建设工作方案》， 全面推进大同市智能化煤矿建设。中国人民银行大同市分行联合地方金融监管部门发布专项通知，明确 将煤矿智能化建设作为金融支持的重点领域。 同忻煤矿安全生产调度指挥中心。 近年来，我国煤矿智能化发展指数持续攀升，凸显了传统能源产业向智慧转型的强劲韧性。国家矿山安 监局2023年6月发布的数据显示，全国智能化煤矿的百万吨死亡率仅为0.024，不到当时全国煤矿平均水 平的50%。2023年，位于大同的晋能控股煤业集团同忻煤矿打造的"112N"智慧矿山模式全面建成并进入 常态化运行。 从智能煤矿的建设推进成效来看，我国传统能源产业转型升级已取得显著成效。煤矿作为保障国家能源 安全的核心基石，在煤价波动与保供压力双重叠加、传统生产模式向智能模式跨越的复杂背景下，如何 更好发挥转型"标杆"作用？同忻煤矿又何以成示范，借助外力突破转型瓶颈？ 煤矿智能化转型，从来不是单纯的技术攻坚，而是一场需要巨额资金持续注入的系统工程。 近年来，煤炭能源行业高频提及"减人""增安""提效"三个关键词。其核心在于通过智能采掘设备覆盖 率、井下无人作业区域 ...

中新网阳泉1月5日电 题：500米井下"煤亮子"告别"黑煤面" 作者 范丽芳 张园园 清冷的月光漫过井架，夜色清寂如水，而山西阳泉——这座"煤城"的深处，500米深的井下，151306智 能化工作面通明如昼，矿工们有条不紊地调试参数，一派繁忙的生产景象。 华阳集团一号煤矿综采三队副队长赵华成坐在集控中心的操作台旁，指尖在按钮上轻轻一点，百米外的 采煤机便发出低沉的轰鸣，乌黑的原煤顺着皮带滚滚而出。 2026年，是他在矿井工作的第30年，与年轻时满脸煤灰、靠蛮力刨煤的"黑煤面"不同，如今的他成了操 控智能设备的"煤亮子"，在地下深处守着千家万户的光与热。 赵华成在 集控中心的操作台旁，轻点按钮，百米外的采煤机即可启动。张圆圆 摄 1997年，21岁的赵华成踏入华阳集团一号煤矿成了一名支架工。他至今记得第一次下井的震撼：上万根 液压单体柱密密麻麻扎在工作面，每根约150斤的单体柱全靠人工搬，一个班40多人围着忙活，两人一 组，每班都要负责至少500根单体柱。 "那会儿井下伸手不见五指，照明灯的光弱得像萤火虫，采煤机一开，煤尘扑得人连眼睛都睁不开。"赵 华成抬手摸了摸眼角的疤痕，一次作业中，飞溅的石粒砸中他的眼角， ...

近年来，山西华阳集团全面加快煤矿智能化建设，取得系列成果：建成8座智能化煤矿、2座智能化选煤 厂、29处智能化综采工作面、100处智能化掘进工作面，提前3年完成煤矿全面智能化目标任务……实现 从"会采煤"到"慧采煤"、从依靠"人拉肩扛"到依靠"键盘鼠标"的蝶变，持续推动煤炭产业高质量发展。 采煤：告别"人海战术"，生产更高效 在华阳集团一矿151306综放工作面，采煤机沿着预设路线平稳推进，巨大的滚筒精准切割煤壁，液压支 架自动跟机移架，刮板运输机将原煤源源不断输送至转载点，整个过程流畅有序。华阳一矿综采三队副 队长赵华成说："之前，采煤机前后各需安排一人手动操作；现在，通过地面采煤'太空舱'和井下自动 化集控系统，就可以完成对采煤机的启停、割煤速度调整、截割高度校准等操作，工作面智能化水平越 来越高，工作环境也更好了！" 随着智能化煤矿建设的推进，支架工的工作内容发生了巨大变化。在华阳集团一矿151212综放工作面， 支架工续强手持FYF50型无线遥控发射器，隔着数十米距离精准操控机械手，将重达25吨的支架稳稳抽 出，掩护支架同步精准定位支护，全程无人员进入核心风险区域。智能化装备的广泛应用，让井下作业 告 ...

此次开采研究院的实践，既是对煤矿智能化发展及"两重两新"建设等系列政策的积极响应，也是培育壮 大新质生产力在能源装备领域的成功探索，为破解首台（套）攻坚难题、驱动装备制造业高质量发展提 供了可推广的范本。其构建的"基础研究—技术攻关—产业应用"全链条创新体系、"激励牵引—价值评 价—风险容错"三位一体人才机制，以及"示范验证—价值量化—规模推广"市场化模式，为行业以科技 创新突破技术瓶颈、以成果转化激活产业动能提供了重要借鉴，将进一步推动我国煤炭装备制造业向智 能化、绿色化、融合化升级，助力能源产业高质量发展，为国家"两重两新"建设注入强劲动能，更好服 务国家能源安全战略与新质生产力发展大局。 首台（套）重大技术装备研发应用是突破"卡脖子"技术瓶颈、实现关键领域自主可控的核心路径。记者 从中国煤炭科工集团获悉，其所属中煤科工开采研究院有限公司（以下简称"开采研究院"）创新构 建"创新链—产业链"双链融合、"研发—市场"双擎驱动模式，成功破解煤机装备首台（套）研发难、转 化慢、应用窄等多重困境。目前，开采研究院2项自主研发成果入选国家能源局首台（套）重大技术装 备名录，其中钻锚一体化智能快掘成套装备更跻身"央企 ...

Group 1 - The core viewpoint is that Shanxi's state-owned enterprises are playing a crucial role in the province's transformation and development during the 14th Five-Year Plan, focusing on upgrading traditional industries and cultivating emerging industries [1][2] - By the end of 2024, the total assets of Shanxi's state-owned enterprises are expected to grow from 3.28 trillion yuan to 3.77 trillion yuan, with total profits increasing from 20.8 billion yuan to 48.9 billion yuan, reflecting annual growth rates of 3.12% and 23.79% respectively [1] - Shanxi has established 301 advanced capacity mines, accounting for 95% of the total, and launched the first provincial-level coal industrial internet platform in the country, significantly promoting the transformation and upgrading of the coal industry [1] Group 2 - Traditional industries are being improved while emerging industries are rapidly rising, with Shanxi focusing on developing electronic information, new energy, new materials, and high-end equipment manufacturing as key industry chains [2] - Taiyuan Iron and Steel Group has become the leading enterprise in the special steel industry chain, achieving a thickness precision of 0.015 mm, while Taiyuan Heavy Industry has established the world's first "lighthouse factory" in the rail transit sector [2] - The Shanxi State-owned Assets Supervision and Administration Commission emphasizes a strategy of "doing what should be done and not doing what should not," focusing state-owned capital on critical industries related to national security and public welfare [2] Group 3 - Looking ahead to the 15th Five-Year Plan, Shanxi's state-owned enterprises will continue to promote the intelligent transformation of coal mines, aiming for basic intelligence in normal production coal mines by 2027 [3] - The province will accelerate the construction of five major bases and promote the development of unconventional natural gas and emerging energy industries such as hydrogen and ammonia [3] - Shanxi aims to deepen energy cooperation with regions like Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area, while expanding green electricity export channels to strengthen national energy security [3]

作为山西转型发展的中坚力量，"十四五"期间，山西国资国企一手抓传统产业升级，一手抓新兴产业培 育，在转型发展蹚新路中勇挑重担。截至2024年底，山西省属企业资产总额从3.28万亿元增长到3.77万 亿元，利润总额从208亿元增长到489亿元，年均增速分别达到3.12%和23.79%。 转型成效的背后，是山西国资国企坚持"有所为，有所不为"。山西省国资委党委书记、主任洪强表 示，"有所为"，是推进省属国有资本向关系国家安全、国民经济命脉的重要行业和关键领域集中，向关 系民生福祉的公共服务、应急能力、公益性领域等集中，向前瞻性战略性新兴产业集中。"有所不为"， 则是出台主责主业动态管理办法，对省属全级次企业的主业进行全面核定，明确各自赛道，杜绝盲目扩 张。 展望"十五五"，山西国资国企将持续推进煤矿智能化改造，2027年实现正常生产煤矿基本智能化；加 快"五大基地"建设，推进非常规天然气增储上产和氢能、氨能等新兴能源产业发展；深化与京津冀、长 三角、粤港澳大湾区的能源合作，拓宽绿电外送通道，持续筑牢国家能源安全屏障。 （文章来源：经济日报） 在山西潞安化工集团新元煤矿，1秒定位井下人员车辆，2秒分析安全生产数据， ...

Core Viewpoint - The establishment of the subsidiary "Coal Mine Major Intelligent Complete Equipment R&D Center Project" by Tiandi Technology aims to enhance the coal mining industry's intelligent solutions and address existing technological gaps in hydraulic support equipment [1][2]. Group 1: Company Strategy - The new subsidiary, Coal Mine Complete Equipment Company, will focus on integrated solutions for intelligent coal mining, filling a significant gap in the industry regarding comprehensive service offerings [2][3]. - The company will leverage its strong shareholder structure, with Tiandi Technology holding 60% and other partners each holding 10%, to enhance its research and design capabilities in intelligent coal mining [2][3]. Group 2: Technological Development - The company aims to strengthen its hydraulic support manufacturing capabilities and enhance its complete equipment production and delivery chain, improving the competitiveness of its intelligent mining solutions [3][4]. - Key technological focuses include the development of new materials and processes, the establishment of testing platforms for equipment validation, and the integration of advanced intelligent technologies [4]. Group 3: Financial Outlook - The total investment for the R&D center project is planned at 3.545 billion yuan, with a registered capital of 2 billion yuan, and the remaining funds to be contributed by investors based on their shareholding [5]. - The company has a strong cash position, with net cash estimated at 17.6 billion yuan, allowing for stable dividend maintenance despite the new investment [5]. - Future profit forecasts for the company indicate a steady growth trajectory, with net profits projected at 2.837 billion yuan, 2.98 billion yuan, and 3.212 billion yuan for 2025-2027 [5].

Investment Rating - The investment rating for Tianma Zhikong (688570) is "Buy" [1] Core Views - The strategic investment in the joint venture "Kegong Chengtai Company" aims to enhance long-term high-quality development through collaboration and resource complementarity, focusing on the development of intelligent mining equipment [2][3] - The partnership is expected to significantly expand market space by leveraging synergies between Tianma Zhikong's core products and Kegong Chengtai's focus on high-end hydraulic supports [2] - The joint venture will also facilitate technological innovation and address existing bottlenecks in key technology areas, enhancing Tianma Zhikong's competitive edge in the intelligent mining sector [2][3] Financial Summary - Total revenue for 2023 is projected at 2,206 million, with a year-on-year growth of 12.1%. However, a decline of 15.7% is expected in 2024, followed by a significant drop of 45.5% in 2025 [4] - Net profit attributable to the parent company is forecasted to be 425 million in 2023, decreasing to 340 million in 2024, and further to 107 million in 2025, reflecting a year-on-year decline of 20.0% and 68.4% respectively [4] - The gross margin is expected to decrease from 45.1% in 2023 to 36.3% in 2025, indicating potential pressure on profitability [4] - The company maintains a solid financial position with cash reserves of 2.33 billion as of September 2025, allowing for strategic investments without impacting short-term dividend capabilities [6] - Earnings per share (EPS) is projected to decline from 0.98 in 2023 to 0.25 in 2025, with a gradual recovery expected thereafter [4][6] Strategic Initiatives - The investment in Kegong Chengtai Company is seen as a key move to optimize capital allocation and tap into the intelligent mining equipment sector, potentially leading to stable returns and growth in core business areas [6] - The company is positioned to benefit from the ongoing transformation and high-quality development of the coal industry, with significant opportunities in intelligent mining solutions driven by national policies and market demand [6]

Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The establishment of the subsidiary "Coal Mine Major Intelligent Complete Equipment R&D Center" aims to fill the gap in the industry for comprehensive solutions in coal mining equipment, enhancing the competitive landscape of the coal machinery industry [2][3] - The company focuses on integrated solutions for intelligent coal mining, addressing the shortcomings in hydraulic support systems, which are crucial for safe and efficient coal extraction [2] - The subsidiary is expected to strengthen the company's position in the domestic coal mining technology equipment transformation, providing competitive systemic support for the industry's intelligent transition [5] Financial Summary - The projected total revenue for 2023 is 29,928 million, with a growth of 9.2% year-on-year, and is expected to reach 34,895 million by 2027 [6] - The net profit attributable to the parent company is forecasted to be 2,358 million in 2023, increasing to 3,212 million by 2027, reflecting a compound annual growth rate [6] - The company maintains a strong cash position with approximately 176 billion in net cash as of September 2025, allowing for stable dividends despite ongoing investments [7]