Policy superposition and high coal prices have accelerated the intelligent construction of coal mines. China’s coal production mode has experienced the development stage of pure manpower, mechanization and automation. At present, it is in the early stage of intelligent development, and the overall construction level is low. In 2020, the national development and Reform Commission, the national energy administration and other eight ministries and commissions jointly issued the guiding opinions on accelerating the intelligent development of coal mines, which put forward specific objectives, main tasks and safeguard measures for the intelligent development of coal mines from the national level for the first time. In June 2021, the national energy administration and the Mine Safety Supervision Bureau issued the guidelines for intelligent construction of coal mines (2021 version), and defined the administrative measures for acceptance of intelligent coal mines (for Trial Implementation) in the same year, strengthening the promotion at the policy level. In October 2021, the coal price once reached 2600 yuan / ton, which was at an all-time high; In the context of high coal prices, the profits of coal enterprises have increased significantly, which is expected to accelerate the construction of intelligent layout.
Huawei joined the bureau to unify industry standards and accelerate the pace of intellectualization. The essence of intelligent mine construction is the reform of industrial system architecture. Only by building a unified industrial Internet platform can the problem be completely solved. In September 2021, Huawei, together with the national energy administration, released the “kuanghong operating system” for the coal industry for the first time. Through the unique “soft bus” technology and unified interface and protocol standards, Huawei solved the problem of coordination and interoperability of equipment from different manufacturers and realized the interconnection of all things. The intelligent mine solution released by Huawei, together with ecological partners, puts forward the overall architecture of “three 1 + N + 5” (one network, one cloud, one platform, N application and five centers), which is integrated with 5g + AI + kunpengyun and other advanced ICT technologies, will help mining enterprises accelerate their intellectualization and finally realize the vision of fewer people and no one.
The penetration rate of coal mine intellectualization is about 4% – 10%. During the 14th Five Year Plan period, the market space of coal mine intellectualization construction is about 30 billion yuan. In March 2021, China Coal Industry Association released the 2020 annual report on the development of coal industry. At the end of the 14th five year plan, China will build 1000 intelligent coal mines. At present, China has about 4700 coal mines. According to the coal mine capacity, we divide the existing coal mines into super large coal mines (more than 10 million tons) and medium and large coal mines (1-10 million tons). Super large and medium-sized coal mines are expected to cover more than 80% of the national production capacity. Assuming that the upgrade cost of a single super large intelligent mine is about 70 million yuan, the upgrade cost of a single medium and large intelligent mine is about 30 million yuan, and the intelligent construction cost of a single new coal mine is about 100 million yuan. According to the calculation of the number of existing coal mines and the goal of intelligent construction in China, it is concluded that the market space for intelligent transformation of coal mines is about 11.9 billion yuan from 2022 to 2025, and the market space for intelligent construction of new coal mines is about 12 billion yuan, with a total corresponding market scale of about 23.9 billion yuan.
Risk tips: 1. The promotion of intelligent mine policy is not as expected; 2. Repeated outbreaks bring the risk of delivery delay; 3. The fluctuation of upstream coal price brings systemic risks.
Companies related to coal mine Intelligence: companies related to coal mine intelligence include Beijing Longruan Technologies Inc(688078) , Tiandi Science & Technology Co.Ltd(600582) , Chongqing Mas Sci.& Tech.Co.Ltd(300275) , Hefei Gocom Information Technology Co.Ltd(688367) , Beilu intelligent control (unlisted), tage intelligence (unlisted), etc.
