Coal is China's main source of energy, is an indispensable material basis of economic and social development, which plays an important role in China's energy structure. Entering into the 21st century, China's coal industry rapidly develops. A large number of modern mechanized mining equipment, fully mechanized equipment, and large and efficient open-air stripping, mining, transportation, and support equipment are used in medium-sized coal mines.

As mining equipment serves for mineral resources company, it lies on the same industry chain with coal, iron ore, zinc and other non-ferrous metals industry. From the view of industry transmission point, the boom in mineral is often passed to mining equipment, because the mineral boom will stimulate more industrial capital flow to mineral exploration, therefore expanding the demand for mining equipment. On the other hand, the expansion of mineral scale will also increase the demand for mining equipment. Recently, the shares of mining equipment gets a new opportunity for rising that mainly because of the Ministry of Land and Resources issued a related guidance to promote China's solid mineral to deep exploration. This also indicates that mining equipment industry is expected to continually rise, giving the mining machinery and equipment stocks valuation premium expectations. 

At present, mining machinery enterprises should seize the chance of China's industrial restructure reform, accelerate pace of enterprise restructuring, joint, merger, bankruptcy and reorganization and share-holding system reform under the guidance of national policy, form large-scale mining equipment group enterprise with mining machinery manufacturing enterprise as the main body, coal production enterprise beteiligung and scientific research institutions involved. Hongxing machinery is always devoted to being a modern mining engineering enterprise groups with strong market competitiveness and risk-resisting ability, making efforts to provide complete sets of equipment to coal mines industry, reducing  the risk of user and making a positive contribution to the development of China's coal industry.

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