Research On The Impact Of COVID-19 Epidemic On The Production,Operation And Performance Of Coal Enterprises

The COVID-19 Epidemic(COVID-19)has had a huge impact on the global economy and on global coal production,consumption and trade.It is of great theoretical and practical significance to understand the impact mechanism and effect degree of COVID-19 on the production,operation and performance of coal enterprises.Therefore,this paper to the coal enterprises as the research,object,based on comparative analysis,event research,on the basis of the mechanism of the outbreak of the analysis and measure the outbreak of the coal enterprise production and operation,financial performance and the specific impact of coal industry listed companies,in order to evaluate the public health events and inspection response policy contribution.The main work and conclusions of the paper:(1)Based on the conceptual model diagram of the impact of COVID-19 on coal enterprises,the impact path of the epidemic on their production and operation is clarified.The study shows that the input-output of productivity factors during COVID-19,the equilibrium and reverse action mechanism of alternative industries and coal industry,as well as the import and export volume of downstream enterprises and coal jointly have a negative impact on the production and operation of coal enterprises of China and the United States.(2)Based on the financial performance of listed companies in the coal industry of China and the United States,the impact and differences between COVID-19 on listed companies in the coal industry of the two countries.Research shows that COVID-19 has had an impact an listed companies in the coal industry in both China and the United States,while listed companies in the US coal industry have been more deeply affected.In 2020,netsales rates fell by 2%to 47%year cn year,and accounts receivable turnover rates fell by 3%to 88%year on year,(3)Based on the stock prices of listed companies in the coal industry of China and the United States,the event study method was adopted to demonstrate the impact on the stock prices of both companies before and after major events during the COVID-19 pandemic.The study shows that during the COVID-19 period,the stock price of listed companies in the coal industry of China and the United States has positive and negative effects affected by related events,but the stock price effect of listed companies in the US coal industry is more significant,and the evolution trend is large.This paper further enriches the research results of the impact of public health emergencies on the operation and performance of the coal industry.The research conclusions and suggestions have certain reference significance for evaluating the impact of public health events,formulating relevant response policies and making relevant decisions by coal-related economic subjects.