Feishang Anthracite Resources (1738) AI Stock Analysis

• Market Cap: $149.10M
• Dividend Yield: N/A
• Average Volume (3M): 262.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: -42.18%
• EPS Growth: -3.23%
• Country: HK
• Employees: 2,107
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): -0.18
• Shares Outstanding: 1,380,545,800
• 10 Day Avg. Volume: 373,000
• 30 Day Avg. Volume: 262,250
• PEG Ratio: -0.03
• Price to Book (P/B): -0.08
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -2.73
• Enterprise Value/Market Cap: 15.02
• Enterprise Value/Revenue: 7.69
• Enterprise Value/Gross Profit: -110.12
• Enterprise Value/Ebitda: -80.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

Feishang Anthracite Resources is struggling with severe financial challenges, including significant revenue declines, negative margins, and a weak balance sheet. Technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively result in a low overall stock score, indicating high risk and limited attractiveness for investors.

Feishang Anthracite Resources Business Overview & Revenue Model

Company Description

Feishang Anthracite Resources (1738) is a leading mining company based in China, primarily engaged in the exploration, extraction, and processing of anthracite coal. The company operates in the energy sector, focusing on providing high-quality anthracite coal, which is used for various applications such as power generation, steel production, and industrial processes. With a commitment to sustainable practices and innovation, Feishang aims to meet the increasing demand for energy and carbon-intensive products in both domestic and international markets.

How the Company Makes Money

Feishang Anthracite Resources generates revenue primarily through the sale of anthracite coal. The company leverages its mining operations to produce high-quality coal, which is then sold to various industries, including power generation, metallurgy, and manufacturing. Key revenue streams include direct sales to large industrial clients, long-term supply agreements, and spot market sales. Additionally, the company may benefit from strategic partnerships with energy producers and industrial firms, enhancing its market reach and stability. Factors contributing to its earnings include the global demand for coal, pricing dynamics in energy markets, and the company's operational efficiency.

Feishang Anthracite Resources Financial Statement Overview

Summary

Feishang Anthracite Resources is facing severe financial challenges, with significant revenue and profit declines, negative margins, and a deteriorating balance sheet. The company is insolvent with negative equity and unable to generate cash flow, posing substantial financial risks.

Income Statement

Feishang Anthracite Resources has experienced declining revenues and profitability. The revenue in 2024 ($308.3M) decreased significantly from 2023 ($990.8M), leading to an alarming negative revenue growth rate. Gross profit margin deteriorated, and the net profit margin is negative due to substantial net losses. The company has been facing operational challenges, reflected in negative EBIT and EBITDA margins.

Balance Sheet

The company's balance sheet shows high financial leverage with a negative stockholders' equity, indicating insolvency risk. Debt-to-equity ratios are not calculable due to negative equity, highlighting financial instability. Total liabilities exceed total assets, and the declining equity position suggests a deteriorating financial health trajectory.

Cash Flow

Cash flow analysis reveals an unsustainable situation with zero operating and free cash flows in 2024. This is a drastic decline from positive free cash flow in previous years. The inability to generate cash flow from operations poses a significant risk to liquidity and financial sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	291.28M	308.31M	990.79M	1.60B	1.12B	1.01B
Gross Profit	-20.34M	14.71M	232.45M	660.52M	398.79M	297.44M
EBITDA	-27.91M	-19.36M	-111.96M	609.68M	371.77M	39.68M
Net Income	-633.54M	-539.03M	-493.42M	53.11M	-113.84M	-356.10M
Balance Sheet
Total Assets	2.78B	2.86B	3.11B	3.32B	3.37B	3.41B
Cash, Cash Equivalents and Short-Term Investments	3.15M	4.14M	36.01M	31.74M	30.38M	36.00M
Total Debt	2.07B	2.09B	1.87B	1.84B	2.07B	2.03B
Total Liabilities	4.69B	4.49B	4.16B	3.87B	4.01B	3.96B
Stockholders Equity	-2.06B	-1.82B	-1.28B	-796.92M	-849.21M	-735.57M
Cash Flow
Free Cash Flow	0.00	-51.37M	158.27M	388.04M	110.31M	-35.26M
Operating Cash Flow	0.00	117.39M	418.74M	637.16M	276.82M	189.09M
Investing Cash Flow	0.00	-168.77M	-253.18M	-250.75M	-154.03M	-222.66M
Financing Cash Flow	0.00	45.40M	-179.83M	-384.85M	-127.63M	23.13M

Feishang Anthracite Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1738, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.13, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.05 is Positive, neither overbought nor oversold. The STOCH value of 13.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1738.

Feishang Anthracite Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0276	48 Neutral	HK$135.45M	―	―	―	-9.83%	-182.04%
0061	45 Neutral	HK$40.00M	―	―	―	―	―
8203	45 Neutral	HK$179.49M	-12.02	―	―	47.32%	2.60%
0065	41 Neutral	HK$100.67M	-1.64	-31.67%	―	-20.97%	-213.53%
1738	38 Underperform	$149.10M	―	―	―	-42.18%	-3.23%

Feishang Anthracite Resources Corporate Events

Feishang Anthracite Resources Addresses Financial Concerns with Strategic Measures

Feishang Anthracite Resources Limited has announced measures to address a disclaimer of opinion from its auditors regarding the company’s financial statements for 2024. The company is exploring capital raising, divestiture plans, and negotiations with lenders to improve its financial standing. Additionally, the company has resumed production in its coal mines, implemented coal quality management measures, and adopted cost control strategies to enhance operational efficiency and financial stability.

The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Feishang Anthracite Resources stock, see the HK:1738 Stock Forecast page.

Feishang Anthracite Reports Significant Financial Losses in H1 2025

Feishang Anthracite Resources Limited reported a significant downturn in its financial performance for the first half of 2025, with revenue from continuing operations decreasing by 11.1% to CNY136.6 million compared to the same period in 2024. The company experienced a gross loss of CNY31.5 million, a stark contrast to the previous year’s gross profit, and a 65.9% increase in losses attributable to owners, reaching CNY237.9 million. These results highlight a challenging period for the company, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Feishang Anthracite Resources stock, see the HK:1738 Stock Forecast page.

Feishang Anthracite Schedules Board Meeting for Interim Results

Feishang Anthracite Resources Limited has announced a board meeting scheduled for August 29, 2025, to discuss and approve the interim results for the first half of 2025 and consider the payment of an interim dividend. This meeting is significant as it may impact the company’s financial strategies and shareholder returns.