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Shougang Fushan Resources Group Limited
(0639)
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Rating:71Outperform
Price Target:
HK$3.50
▲(50.21% Upside)
Action:Upgraded
Date:08/17/26
The score is supported primarily by exceptional balance-sheet strength and an improving technical trend (price above major moving averages with positive MACD). It is held back by a clear downshift in profitability and cash generation in 2024–2025 and a valuation that looks less compelling for a cyclical business despite a supportive dividend yield.
Positive Factors
Minimal leverage
Exceptionally low leverage gives the company substantial resilience through coal-price and steel-cycle volatility. A stable equity base reduces dependence on refinancing and preserves financial flexibility to maintain operations, fund necessary investment, and withstand weaker commodity conditions.
Negative Factors
Volatile revenue trend
The multi-year revenue pattern shows meaningful exposure to cyclical demand and pricing in the coking-coal market. Two consecutive annual declines followed by only an 8.48% rebound indicate that top-line momentum is not yet consistently durable and may remain uneven.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Exceptionally low leverage gives the company substantial resilience through coal-price and steel-cycle volatility. A stable equity base reduces dependence on refinancing and preserves financial flexibility to maintain operations, fund necessary investment, and withstand weaker commodity conditions.
Read all positive factors
Shougang Fushan Resources Group Limited (0639) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.57B
Dividend Yield6.47%
Average Volume (3M)9.46M
Price to Earnings (P/E)15.0
Beta (1Y)0.56
Revenue Growth32.98%
EPS Growth-24.54%
CountryHK
Employees3,999
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)0.16
Shares Outstanding5,091,066,000
10 Day Avg. Volume7,048,587
30 Day Avg. Volume9,455,323
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.91
Price to Sales (P/S)2.95
P/FCF Ratio23.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.60Price Target Upside54.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$6.64B
Shougang Fushan Resources Group Limited Business Overview & Revenue Model
Company Description
Shougang Fushan Resources Group Limited functions as an investment holding company, with its primary operations in the People's Republic of China encompassing the extraction, exploration, processing, and distribution of both raw and clean coking c...
How the Company Makes Money
The company makes money primarily by producing and selling coking coal and related coal products. Its revenue model is volume-and-price driven: it extracts raw coal from its mines, processes/beneficiates it (e.g., washing and grading where applica...
Shougang Fushan Resources Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
90
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.20B | 5.06B | 5.06B | 5.89B | 8.21B | 7.08B |
| Gross Profit | 1.47B | 1.08B | 2.59B | 3.47B | 5.22B | 4.32B |
| EBITDA | 1.79B | 1.36B | 2.81B | 3.92B | 5.41B | 4.73B |
| Net Income | 817.01M | 632.50M | 1.49B | 1.89B | 2.72B | 2.54B |
Balance Sheet | ||||||
| Total Assets | 22.76B | 22.19B | 22.95B | 22.49B | 23.46B | 24.78B |
| Cash, Cash Equivalents and Short-Term Investments | 9.79B | 8.88B | 9.18B | 7.99B | 7.20B | 6.54B |
| Total Debt | 37.30M | 37.30M | 43.68M | 43.84M | 32.12M | 26.03M |
| Total Liabilities | 4.24B | 3.81B | 4.05B | 4.02B | 4.79B | 5.63B |
| Stockholders Equity | 16.42B | 16.44B | 16.48B | 16.28B | 16.77B | 17.30B |
Cash Flow | ||||||
| Free Cash Flow | 1.58B | 634.33M | 1.92B | 4.04B | 3.60B | 3.44B |
| Operating Cash Flow | 1.89B | 992.99M | 2.37B | 4.54B | 3.99B | 3.94B |
| Investing Cash Flow | -1.43B | -1.07B | -182.37M | 759.31M | -857.17M | -1.97B |
| Financing Cash Flow | -2.03B | -2.10B | -971.72M | -2.34B | -2.82B | -913.72M |
Shougang Fushan Resources Group Limited Technical Analysis
Negative
2.33
Price Trends
2.74
Negative
2.52
Negative
2.68
Negative
Market Momentum
-0.08
Positive
32.82
Neutral
18.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0639, the sentiment is Negative. The current price of 2.33 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.74, and below the 200-day MA of 2.68, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 32.82 is Neutral, neither overbought nor oversold. The STOCH value of 18.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0639.
Shougang Fushan Resources Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$12.57B | 14.98 | 4.97% | 6.47% | 32.98% | -24.54% | |
71 Outperform | HK$14.62B | 11.48 | 12.89% | 7.06% | -2.68% | -27.19% | |
62 Neutral | HK$1.25T | 18.64 | 13.04% | 5.56% | 33.71% | 12.81% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$192.41B | 10.34 | 11.02% | 4.77% | -11.15% | 7.69% | |
55 Neutral | HK$7.29B | 7.99 | 9.27% | ― | 26.12% | 46.57% | |
41 Neutral | HK$101.32M | -0.16 | -141.19% | 3.14% | -17.39% | -5.91% |
* Basic Materials Sector Average
HK:0639
Shougang Fushan Resources Group Limited
2.55
-0.32
-11.14%
HK:1898
China Coal Energy Co
9.75
-0.73
-6.96%
HK:1088
China Shenhua Energy Co
42.56
4.33
11.33%
HK:0975
Mongolian Mining
7.02
-4.32
-38.10%
HK:1393
Hidili Industry International Development Limited
0.02
-0.03
-61.54%
HK:1277
Kinetic Mines & Energy Ltd.
1.73
0.36
25.91%
Shougang Fushan Resources Group Limited Corporate Events
Shougang Fushan Sets September General Meeting on Share Option Scheme and Director Re-election
Sep 10, 2026
Shougang Fushan Resources Group Limited, a Hong Kong-incorporated resources company listed on the Stock Exchange of Hong Kong, maintains an active governance framework under Chairman Chen Yi and a mix of executive and independent non-executive dir...
Shougang Fushan Resources Posts Strong Interim Profit and Hikes Dividend
Aug 27, 2026
Shougang Fushan Resources Group reported a sharp improvement in interim results for the six months ended 30 June 2026, with revenue climbing 54% year-on-year to HK$3.24 billion and gross profit surging 75% to HK$1.12 billion. Profit attributable t...
Shougang Fushan Resources Declares Interim Dividend for First Half of 2026
Aug 27, 2026
Shougang Fushan Resources Group Limited, listed in Hong Kong under stock code 00639, operates in the resources sector and is governed by a board that includes executive, non-executive and independent non-executive directors. The company’s le...
Shougang Fushan Proposes 2026 Share Option Scheme to Incentivise Key Staff
Aug 21, 2026
Shougang Fushan Resources Group Limited has proposed a 2026 Share Option Scheme aimed at incentivising key staff, including executive directors, core management, and technical and key business personnel. The scheme, which will run for six years on...
Shougang Fushan Resources Names New Managing Director After Fan Wenli Resigns
Aug 21, 2026
Shougang Fushan Resources Group Limited announced that executive director and managing director Fan Wenli has resigned from the board, the managing director role and the executive committee effective 21 August 2026, citing personal business arrang...
Shougang Fushan Revamps Board Roles and Committee Structure
Aug 21, 2026
Shougang Fushan Resources Group Limited has updated the roles and functions of its board of directors, effective 21 August 2026, confirming Chen Yi as chairman, Li Meng as managing director, and naming two deputy managing directors, alongside non&...
Shougang Fushan sets late-August board meeting to approve interim results
Aug 17, 2026
Shougang Fushan Resources Group Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decisi...
Shougang Fushan refreshes company secretary and authorised representative
Aug 10, 2026
Shougang Fushan Resources Group Limited has announced a change in key governance roles, with company secretary and authorised representative Ms. Kong Ling Yan resigning effective 10 August 2026 for personal career reasons, and confirming she has n...
Shougang Fushan Flags Up to 49% Profit Jump on Stronger Coking Coal Prices
Aug 7, 2026
Shougang Fushan Resources Group has issued a positive profit alert, projecting consolidated profit attributable to shareholders of HK$550 million to HK$600 million for the first half of 2026, up from about HK$404 million a year earlier. This impli...
Shougang Fushan to Buy RMB530 Million Beijing Office Property in Connected Deal
Jun 25, 2026
Shougang Fushan Resources Group has announced that an indirect wholly owned subsidiary will acquire 22 office units in the Shouyi Development Building within Beijing’s Shougang Park for RMB530 million, including value-added tax. The assets, ...
Shougang Fushan Wins Strong Shareholder Backing at 2026 AGM
Jun 25, 2026
Shougang Fushan Resources Group Limited reported that all resolutions tabled at its 25 June 2026 annual general meeting were approved by shareholders via poll, reflecting broad investor support for the company’s governance and capital manage...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.