Research Of China's Coal Enterprises' Path Out Of Poverty From The Perspective Of Supply-side Refrom

The development of economic and capital market increases the competition among enterprises.More and more enterprises have been in trouble because of poor management,environmental degradation and other reasons.This phenomenon not only causes serious damage to enterprise stakeholders,but also causes certain negative influence on social and economic development.So,the enterprises' management are eager to find path to help the enterprises to get out of the trouble.It is noteworthy that coal occupies an important place in our country's energy production and consumption structure and coal energy is closely related to economic development.While the loss area of coal company has reached 80%in recent years,thus it is urgent to help the coal company out of the dilemma.However,how did the coal company come into recession?Whether is it necessary to supply coal company with lateral reform?What's the cause of the coal company in trouble?What are the methods to help the coal company out of trouble?How its effect after implementing?The paper takes Datong coal as an example and gives an answer combining the latest policy background and era background.The research findings of this article can mainly be concluded into points as the following:(1)The main reason for coal industry's dilemma is the wrong distribution of capacity;(2)As a classical large coal enterprise,Datong Coal Industry is in a dilemma due to low quality of assets,single business development and low efficiency of resource allocation;(3)Since 2016,Datong Coal Industry conducts various methods to get out of trouble,including getting rid of non-performing assts,vitalization of idle assets,diversified business development and upgrading coal technology.The implementation of these measures creates some positive impacts in the aspects of improving quality of assets,improvement of efficiency of resource allocation and financial performance.However,there still exist some contingency problems.The innovations of the paper lie in:(1)The new research angel.The paper deeply analyzes the coal company's difficulty relief paths combining the current policy focus and the era background of lateral reform.(2)The new research problems.The previous plight researches more focused on financial distress,while the paper studies the development predicament.For the defining of plight,the paper starts from the huge concept,not limited to the financial problems,but the company's long-term development and strategic development.(3)The new research point of penetration.Previous studies are mainly concentrated on the policy,the paper takes Datong coal company as the breakthrough point,starts from the company itself with the latest policy guidance and analyzes the Datong coal company's difficulty paths and its effects on the basis of combining the macroscopic and microscopic aspect as well as the background of industry and policy.Therefore,it has strong universality.The application significance of this paper is that method researches for Datong Coal Industry to get rid of poverty can help us more thoroughly understand the reasons that the enterprise getting into troubles,the problems existing in implementation path of getting rid of poverty and the effects after carrying out implementation path.At the same time,Datong Coal Industry as the representative of coal enterprises,has certain reference value for other enterprises to choose the path of getting rid of poverty,which makes the path more and more accordant with company's development and strategic planning.