中国煤炭市场最大的风险应来自政府自身的管理模式、使用的工具和追求公平的意愿。在观察煤炭行业上市公司2012年年报时发现,被统计的沪深两地22家上市公司有近九成净利润同比下滑。除中国神华、永泰能源、靖远煤电3家公司净利润同比增长外,其余19家公司净利润同比集体下滑,占86%。从国内宏观经济运行情况看,受全球经济危机的影响,GDP的确由以往两位数下降到一位数的8%以下, The biggest risks to China’s coal market should come from the government’s own management model, the tools used and the will to pursue it. When observing the 2012 annual report of the listed companies in the coal industry, they found that nearly 22% of the 22 listed companies in Shanghai and Shenzhen stock market had a year-on-year decline in net profit. Except for the net profit of China Shenhua, Yongtai Energy and Jingyuan Coal and Electricity which increased by a year-on-year basis, the net profit of the remaining 19 companies collectively declined by 86% year-on-year. Judging from the macroeconomic conditions in China, influenced by the global economic crisis, GDP has indeed dropped from double digits to below 8%