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Feishang Anthracite Resources
(1738)
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Rating:42Neutral
Price Target:
HK$0.06
▼(-8.33% Downside)
Action:Reiterated
Date:10/09/26
The score is driven primarily by weak financial performance: persistent heavy losses, negative gross profitability in 2025, and structurally negative equity create elevated solvency risk despite some positive operating cash flow. Technicals add a modest additional drag given the stock trades below longer-term moving averages with negative MACD. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Revenue rebound
The 2025 revenue rebound indicates that the company retained demand for its anthracite products despite its weak earnings outcome. Sustained sales growth could improve operating leverage and provide a larger base from which cost control and mine performance can support recovery.
Negative Factors
Negative equity and high debt
Persistently negative equity and substantial debt create a structurally weak capital base, limiting financial flexibility and increasing solvency and recapitalization risk. Even though debt declined from 2024 to 2025, the company remains exposed to funding pressure and has little balance-sheet capacity to absorb setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 2025 revenue rebound indicates that the company retained demand for its anthracite products despite its weak earnings outcome. Sustained sales growth could improve operating leverage and provide a larger base from which cost control and mine performance can support recovery.
Read all positive factors
Feishang Anthracite Resources (1738) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$78.69M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue Growth16.00%
EPS Growth-16.41%
CountryHK
Employees1,675
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.45
Shares Outstanding1,380,545,800
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-0.05
Price to Sales (P/S)0.35
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Feishang Anthracite Resources Business Overview & Revenue Model
Company Description
Feishang Anthracite Resources Limited, an investment holding enterprise, is primarily engaged in the mining, sale, and commercialization of anthracite coal across the People's Republic of China. Its core operations involve the acquisition, develop...
How the Company Makes Money
Feishang Anthracite Resources primarily makes money by selling anthracite coal and processed anthracite products to customers, generating revenue based on sales volume and realized selling prices. Key revenue streams typically include (i) sales of...
Feishang Anthracite Resources Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 356.77M | 308.31M | 990.79M | 1.60B | 1.12B |
| Gross Profit | -54.08M | 14.71M | 232.45M | 660.52M | 398.79M |
| EBITDA | -161.77M | -132.06M | -111.96M | 609.68M | 371.77M |
| Net Income | -626.03M | -539.03M | -493.42M | 53.11M | -113.84M |
Balance Sheet | |||||
| Total Assets | 2.62B | 2.86B | 3.11B | 3.32B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 6.33M | 4.14M | 36.01M | 31.74M | 30.38M |
| Total Debt | 1.72B | 2.09B | 1.87B | 1.84B | 2.07B |
| Total Liabilities | 4.98B | 4.49B | 4.16B | 3.87B | 4.01B |
| Stockholders Equity | -2.45B | -1.82B | -1.28B | -796.92M | -849.21M |
Cash Flow | |||||
| Free Cash Flow | 18.63M | -51.37M | 158.27M | 388.04M | 110.31M |
| Operating Cash Flow | 107.92M | 117.39M | 418.74M | 637.16M | 276.82M |
| Investing Cash Flow | -89.29M | -168.77M | -253.18M | -250.75M | -154.03M |
| Financing Cash Flow | -17.85M | 45.40M | -179.83M | -384.85M | -127.63M |
Feishang Anthracite Resources Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
45.16
Neutral
150.00
Negative
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 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.16 is Neutral, neither overbought nor oversold. The STOCH value of 150.00 is Negative, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$12.96B | 15.43 | 4.97% | 6.28% | 32.98% | -24.54% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | HK$1.26T | 18.77 | 13.04% | 5.46% | 33.71% | 12.81% | |
58 Neutral | HK$190.40B | 10.18 | 11.02% | 4.74% | -11.15% | 7.69% | |
55 Neutral | HK$7.18B | 7.87 | 9.27% | ― | 26.12% | 46.57% | |
53 Neutral | HK$180.19B | 17.58 | 14.75% | 5.50% | 32.89% | 6.82% | |
42 Neutral | HK$78.69M | -0.11 | 27.77% | ― | 16.00% | -16.41% |
* Energy Sector Average
HK:1738
Feishang Anthracite Resources
0.06
-0.06
-52.50%
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:1171
Yankuang Energy Group Company Limited Class H
10.88
0.72
7.08%
HK:0639
Shougang Fushan Resources Group Limited
2.55
-0.32
-11.14%
Feishang Anthracite Resources Corporate Events
Feishang Anthracite Halts Trading Pending Delayed Interim Results
Sep 1, 2026
Feishang Anthracite Resources Limited has suspended trading of its shares on the Hong Kong Stock Exchange from 9:00 a.m. on 1 September 2026, following an earlier announcement about a delay in publishing its 2026 interim results. The company said ...
Feishang Anthracite Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 18, 2026
Feishang Anthracite Resources has scheduled a board meeting for 31 August 2026 to review and approve the announcement of its interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend...
Feishang Anthracite Moves to Shore Up Finances Amid Auditor’s Going-Concern Disclaimer
Jul 27, 2026
Feishang Anthracite Resources has outlined steps to address a disclaimer of opinion on its 2024 and 2025 financial statements, centered on going-concern uncertainties flagged by its auditors. The group is exploring capital raising, negotiating wit...
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.