Future industries are an important carrier of new quality productive forces and a key lever for seizing the commanding heights of the technological revolution and industrial transformation and for building an enterprise's long-term competitive advantage. China Coal Technology and Engineering Group (CCTEG) has thoroughly studied and applied the guiding principles on developing future industries, fully implemented the decisions and deployments of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), and deeply applied its "1245" overall development strategy. Focusing on strengthening core functions and enhancing core competitiveness, and combining investment in people with investment in physical assets, it has built a full-chain cultivation system comprising "basic research, technological breakthroughs, commercialization of results and enterprise incubation," driving the development of strategic emerging and future industries through technological innovation. As of the end of March 2026, revenue from strategic emerging industries accounted for more than 55% of the total, up 17.7 percentage points from 2020, and four subsidiaries were selected as SASAC future industry pioneer enterprises, with new growth drivers continuing to strengthen.

I. Staying guided by sound thinking and setting the direction for future industry development. Thought is the precursor to action; developing future industries must be guided by sound theory, with a deep grasp of national strategic requirements and the laws of industrial development, so as to get the direction right, build consensus and act only after careful planning. CCTEG has consistently treated the study and application of the Party's innovation theory as its primary political task, integrating the development of future industries into the company's overall strategy and ensuring, through intellectual guidance, that future industry development proceeds steadily and sustainably.

(I) Raising political awareness and following the course set by national strategy. The group strictly implements the "first agenda item" system, deeply studies the guiding principles on technological innovation, national energy security and future industries, keeps pace with strategic deployments such as building an energy powerhouse and the "dual carbon" goals, and closely follows SASAC's three directions for strategic emerging and future industries, namely leading, catching up and cultivating. It actively participates in five future industry innovation consortia covering deep mineral resource exploration and development, underground space utilization, deep geothermal resource development and utilization, frontier materials and computing power networks. Anticipating the smart and green development trends of the coal industry, and focusing on strategic directions such as vertical applications of artificial intelligence and "marching into the deep earth," it has laid out future tracks including transparent mine geology and intelligent strata control. Focusing on strategic directions such as coal-new energy integration and the high-end, low-carbon development of mining materials, it has positioned itself in frontier fields including geothermal energy development and coal-based new materials, ensuring that future industry development always resonates with national strategy and moves in the same direction as industry trends.

(II) Following the laws of development and charting a path based on its own strengths. Fully recognizing that future industries grow through long cycles, high investment, high risk and high returns, and drawing on more than 70 years of technological accumulation in its coal science and technology core business and its whole-industry-chain advantages, the group has defined a development path of extending into the future from its core business and empowering the future through innovation. Following the cultivation logic of basic research as the foundation, generic technologies as support, commercialization of results as implementation and market entities as carriers, it has integrated future industry technology R&D, industry cultivation and market development into the group's systems for technological innovation, industrial development and marketing under an overall plan. It advances the cultivation of future industries in tandem with the upgrading of traditional industries, using future industries to empower high-quality development of its strong core business, while the foundation of that core business provides resource support and application scenarios for the growth of future industries, ensuring that future industry development takes root locally and delivers practical results.

(III) Fostering a people-centered philosophy and consolidating the foundation through sustained investment in people. The group firmly upholds the core beliefs that people are the end and not the means and that it must invest in people, treating talent as the primary resource and strategic foundation for cultivating future industries. It takes "talent appreciation matters more than asset appreciation" as its core value orientation and regards human resource investment as the most valuable strategic investment. Stimulating the innovative vitality of talent and promoting the all-round development of people run through the entire process of future industry development, with more resources tilted toward talent cultivation, platform building and incentive guarantees, so that the growth of human value drives iterative breakthroughs in future industries. Fully respecting the laws of scientific research, the group entrusts the initiative in technological innovation and the leading role in development to research teams and front-line talent, giving researchers in future industry cultivation broad career platforms, generous value returns and a strong sense of belonging.

II. Staying driven by innovation and advancing the cultivation and growth of future industries. Developing future industries centers on technological innovation, hinges on talent support and ultimately rests on market entities. CCTEG uses systematic research platforms to consolidate its technological foundation, market-oriented talent mechanisms to activate innovation momentum, and professional incubation models to nurture market entities, promoting deep integration of technological and industrial innovation and accelerating the build-up of momentum in future industry development.

(I) Strengthening research platforms and consolidating the technological foundation for future industries. The group treats the building of research platforms as the core lever for technological breakthroughs in future industries. It has launched the Coal Generic Technology Research Institute at a high starting point, worked to build two sources of original technology, and efficiently built and operated more than ten national-level R&D platforms including four national key laboratories and four national engineering research centers, with research platforms at provincial and ministerial level or above reaching 149. Focusing on major national needs in the smart and green development of coal and its clean, low-carbon utilization, it conducts basic research and tackles frontier technologies, committed to producing original "zero-to-one" results. In recent years it has delivered a batch of major first-set, first-batch and first-version achievements, including the first intelligent fully mechanized mining system and equipment with a 10-meter ultra-large mining height, a transparent geology integrated support system and the Sunstone mining large model, with 43 achievements included in promotion catalogues of national ministries and commissions.

Coal mine 10-meter ultra-large mining height fully mechanized mining technology and equipment. (II) Activating the talent engine and strengthening intellectual support for future industries. Building a highland for talent aggregation and innovation, the group has rolled out highly competitive talent policies including million-yuan annual salaries to recruit top talent, twelve measures on talent work, a ten-million-yuan talent attraction fund and the 6U talent work system, establishing a four-tier talent echelon comprising academicians, strategic scientists, chief scientists and young elites, with scientific and technological personnel accounting for more than 40% of the workforce. It has deepened reform on granting rights to job-related scientific and technological achievements, vigorously advanced the capitalization of intellectual property, established a "1+3" institutional framework and clarified mechanisms for sharing proceeds from the commercialization of results, with 215 projects implemented across three batches. It has built a "1+5+5" diversified positive incentive system, ensuring that instruments such as post-based profit sharing, excess profit sharing, project dividends, equity incentives and employee shareholding in mixed-ownership reform are fully applied wherever applicable, with 115 incentive schemes implemented to date.

(III) Cultivating market entities and accelerating the launch of future industries. Adhering to a market orientation and customer focus, with the cultivation of specialized, sophisticated, distinctive and innovative enterprises as the foundation and the building of pioneer enterprises as the core, the group has established a market-oriented and professional industrial incubation system to accelerate the transformation of future industry technological achievements into real productive forces. It implemented a "three batches" cultivation campaign, making breakthroughs in one batch, upgrading another and nurturing a third, creating a clearly tiered cluster of high-quality enterprises. It has cultivated eight single-champion manufacturing enterprises, 47 specialized, sophisticated, distinctive and innovative enterprises, including 17 national-level "little giants," and 72 high-tech enterprises. Four of its enterprises, engaged in transparent geology, geothermal development, coal technology new materials and intelligent strata control, were selected as SASAC pioneer enterprises, setting benchmarks for future industry enterprises.

Complete 100,000-tonne-per-year technology set for green phenol processing from medium- and low-temperature coal tar using high-gravity technology. III. Persevering over the long term and drawing the blueprint for future industry development. Developing future industries is a protracted and arduous battle that requires strategic resolve, continuously increased investment, deepened reform and innovation, and the perseverance to drive implementation. CCTEG will stay true to its mission as a central state-owned enterprise, plan future industry development with a long-term vision, continuously strengthen innovation-driven growth, deepen institutional reform and serve the national interest, advancing future industries from "setting sail" to "taking the lead," supporting the company's enduring success and contributing CCTEG's strength to national economic and social development.

(I) Continuously increasing investment to secure long-term support for future industries. Maintaining strategic resolve, the group will increase long-term and patient capital investment in future industries, optimize the structure of R&D spending and raise the share of basic and frontier research. It will improve funding guarantee mechanisms by coordinating its own funds, industry funds and financial instruments to form a stable and sustainable investment system. Focusing on core technology breakthroughs and manufacturing capacity building, it will step up support for key areas such as transparent geology and geothermal energy development, accelerate the process of turning technologies into products, products into market offerings and markets into scale, and grow into a leading future industry enterprise with sector leadership, laying a solid foundation for building a "second curve" of high-quality development for the group.

(II) Deepening reform and innovation to unleash the internal drive of future industries. The group will continue to deepen reform, improve governance mechanisms, assessment systems and management and control models suited to future industries, and grant emerging industry enterprises greater operational autonomy. It will promote the deep integration of technological, industrial and institutional innovation, remove institutional and mechanistic barriers, and facilitate the efficient clustering of innovation factors around future industries. It will strengthen open collaboration, enhance cooperation with universities, research institutes and industry chain enterprises, jointly build innovation platforms, jointly tackle key technologies and share application scenarios, and push future industries from technological breakthroughs to economies of scale.

(III) Serving the national interest and forging the path to enduring corporate success. Always keeping in mind the nation's fundamental priorities, the group will closely align future industry development with the building of an energy powerhouse, the "dual carbon" goals and the development of a modern industrial system, serving national strategic needs with its technological and equipment strengths. It will empower the transformation of the coal industry by deeply integrating future industry technological achievements with coal enterprises, using transparent geology and intelligent strata control technologies to improve the safety of coal mining, and geothermal development and new mining materials technologies to drive carbon reduction and even zero- or negative-carbon operations at coal mines, leading the coal industry toward a more high-end, smarter, greener and safer direction and consolidating coal's role as the ballast of national energy security.

Looking ahead, CCTEG will continue to be guided by the Party's innovation theory, fully implement all deployments of SASAC, and be led by its "1245" overall development strategy. It will keep strengthening intellectual guidance, innovation-driven growth, talent support and institutional guarantees, persevere over the long term and strive for success, drive future industries to achieve new breakthroughs and reach new heights, accelerate the development of new quality productive forces and enhance its capacity to create the "five values," working to become a national strategic scientific and technological force and a world-class leading technology enterprise, and making new and greater contributions to safeguarding national energy security, promoting high-quality development of the coal industry and advancing the modernization of the country.