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China Coal Energy Co
(1898)
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Rating:58Neutral
Price Target:
HK$10.00
â–Ľ(-13.72% Downside)
Action:Reiterated
Date:10/30/26
The score is anchored by a generally solid financial profile but weighed down by earnings/cash-flow volatility and mixed cash conversion. Technicals are notably weak with the stock trading below major moving averages and bearish MACD. Valuation helps offset these risks with a moderate P/E and strong dividend yield, while the latest earnings call was modestly positive but included meaningful near-term operational and cost uncertainties.
Positive Factors
Integrated Capacity Expansion
The integrated platform spans coal mining, chemicals and related equipment, while planned capacity additions can broaden earnings sources and improve scale. If projects receive approvals and execute as planned, they should support longer-term volume growth and downstream integration.
Negative Factors
Regulatory and Safety Production Constraints
Safety incidents, tighter regulation and geological conditions are limiting output across several operations, directly reducing the volume available for sale. Because management cannot confirm recovery of planned production, these constraints may keep earnings and asset utilization below potential over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Capacity Expansion
The integrated platform spans coal mining, chemicals and related equipment, while planned capacity additions can broaden earnings sources and improve scale. If projects receive approvals and execute as planned, they should support longer-term volume growth and downstream integration.
Read all positive factors
China Coal Energy Co (1898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$190.40B
Dividend Yield4.74%
Average Volume (3M)14.69M
Price to Earnings (P/E)10.2
Beta (1Y)0.29
Revenue Growth-11.15%
EPS Growth7.69%
CountryHK
Employees46,585
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)1.78
Shares Outstanding4,106,663,000
10 Day Avg. Volume19,536,678
30 Day Avg. Volume14,687,121
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.74
Price to Sales (P/S)0.82
P/FCF Ratio14.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$14.10Price Target Upside21.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.4
Revenue Forecast (FY)HK$160.93B
China Coal Energy Co Business Overview & Revenue Model
Company Description
China Coal Energy Company Limited, active across the People's Republic of China and globally, is principally engaged in coal extraction, trading, and related ventures. Its core operations encompass coal chemical production, the manufacture of coal...
China Coal Energy Co Earnings Call Summary
Earnings Call Date:Oct 23, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Mar 24, 2027
Earnings Call Sentiment Positive
The call was broadly positive, supported by year-on-year growth in revenue, profit, operating cash flow, coal prices, coal quality, dividend payout and planned capacity expansion. However, the company faces meaningful operational constraints from safety regulations, geological conditions, production shortfalls, higher coal and labor costs, uncertain Dahaize restart timing, and winter supply and logistics risks. Management presented active mitigation and investment plans, but several fourth-quarter outcomes remain uncertain.Positive Updates
Revenue and Profit Growth
For the first three quarters of 2026, operating revenue was CNY 115.636 billion, up 4.6% year-on-year; total profit was CNY 19 billion, up 4.9%; net profit attributable to shareholders was CNY 12.7 billion, up 2.1%; and basic earnings per share was CNY 0.96, up 2.1%. Under IFRS, profit attributable to shareholders was CNY 12.884 billion, up 15.26% year-on-year.
Negative Updates
Coal Production Shortfall from Safety Regulations and Geology
Commercial coal production was down because of the accident after May 2, stricter local safety regulations and production limits, changing underground geological conditions, and coal-attribute and regulatory constraints. Production gaps were specifically noted at Pingshuo, Huajin, Shaanxi Company and Northwest Company, and management said it remains uncertain whether previously planned production levels can be recovered.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue and Profit Growth
For the first three quarters of 2026, operating revenue was CNY 115.636 billion, up 4.6% year-on-year; total profit was CNY 19 billion, up 4.9%; net profit attributable to shareholders was CNY 12.7 billion, up 2.1%; and basic earnings per share was CNY 0.96, up 2.1%. Under IFRS, profit attributable to shareholders was CNY 12.884 billion, up 15.26% year-on-year.
Read all positive updates
Company Guidance
For Q4, China Coal Energy will try to stabilize output and make up for the shortfall, while labor cost and maintenance cost may also increase, and it will scientifically manage cost within the reasonable range; the special reserve is expected to be around CNY 20 per tonne-CNY 25 per tonne. Q4 production remains uncertain, and the company will try to make up the gap, but it cannot do overproduction beyond no more than one twelfth of the annual production capacity in each month, with no big production release expected in Shanxi. Coal quality is expected to remain relatively stable at about 4,900 kcal, while Wangjialing will arrange production according to the 7.5 million tonnes capacity. By 2030, the total production rate is expected to be 1.8 trillion tonnes, 180 million tonnes; chemical production is expected to increase by around 4 million tonnes from the existing 6 million tonnes, reaching capacity of 10 million tonnes at the end of the 15th Five-Year Plan. Long-term contract fulfillment was higher than 90% from January to September, with no major changes foreseen to the 75% signing rate and 90% fulfillment rate. The company expects a stable dividend payout, with the annual dividend payout raised from 30% to 35%; the 900,000 tonne coal to olefin unit may start up in November, with full unit production in Q1 next year, and $70 is the balance point of oil and coal chemical.China Coal Energy Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 153.11B | 144.22B | 181.91B | 192.97B | 220.58B | 239.83B |
| Gross Profit | 40.27B | 81.14B | 37.92B | 48.25B | 55.42B | 42.27B |
| EBITDA | 99.96B | 84.33B | 43.30B | 44.30B | 51.07B | 40.39B |
| Net Income | 18.15B | 14.12B | 18.16B | 19.53B | 18.26B | 13.74B |
Balance Sheet | ||||||
| Total Assets | 391.06B | 370.68B | 357.79B | 349.36B | 340.11B | 321.74B |
| Cash, Cash Equivalents and Short-Term Investments | 97.34B | 89.73B | 76.78B | 91.54B | 91.03B | 72.92B |
| Total Debt | 75.10B | 73.53B | 64.39B | 73.52B | 85.66B | 97.33B |
| Total Liabilities | 181.92B | 169.75B | 165.77B | 166.58B | 175.05B | 179.34B |
| Stockholders Equity | 168.43B | 160.43B | 151.71B | 144.12B | 130.76B | 113.79B |
Cash Flow | ||||||
| Free Cash Flow | 24.16B | 8.00B | 16.07B | 25.39B | 33.88B | 37.68B |
| Operating Cash Flow | 45.24B | 29.79B | 34.14B | 42.97B | 43.63B | 48.11B |
| Investing Cash Flow | -30.34B | -30.93B | -12.05B | -15.06B | -22.05B | -25.38B |
| Financing Cash Flow | -5.99B | -4.05B | -23.88B | -26.30B | -22.69B | -6.70B |
China Coal Energy Co Technical Analysis
Negative
11.59
Price Trends
10.70
Negative
10.60
Negative
11.43
Negative
Market Momentum
-0.30
Positive
37.59
Neutral
24.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1898, the sentiment is Negative. The current price of 11.59 is above the 20-day moving average (MA) of 10.10, above the 50-day MA of 10.70, and above the 200-day MA of 11.43, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 37.59 is Neutral, neither overbought nor oversold. The STOCH value of 24.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1898.
China Coal Energy Co 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% | |
41 Neutral | HK$92.11M | -0.14 | -141.19% | 3.14% | -17.39% | -5.91% |
* Energy Sector Average
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:1393
Hidili Industry International Development Limited
0.02
-0.03
-61.54%
HK:0639
Shougang Fushan Resources Group Limited
2.55
-0.32
-11.14%
China Coal Energy Co Corporate Events
China Coal Energy Posts Revenue Growth and Solid Cash Flow in Q3 2026
Oct 23, 2026
China Coal Energy reported solid top-line growth in its unaudited third-quarter 2026 results, with operational revenue rising 17.6 percent year-on-year to RMB 42.5 billion and revenue for the first nine months up 4.6 percent to RMB 115.6 billion. ...
China Coal Energy Sets Q3 2026 Results Briefing for October 26
Oct 16, 2026
China Coal Energy Company Limited will publish its results announcement for the third quarter of 2026 on 23 October and follow it with a dedicated results briefing on 26 October. The session, scheduled from 15:30 to 16:30 Beijing time, will be acc...
China Coal Energy Schedules Board Meeting to Approve Nine-Month Results
Oct 12, 2026
China Coal Energy Company Limited has announced that its board of directors will convene on 23 October 2026 in Beijing to review and approve the group’s quarterly results for the nine months ended 30 September 2026. The meeting underscores t...
China Coal Energy Sees Coal Output Decline, Chemicals Hold Up as Equipment Business Slips
Oct 12, 2026
China Coal Energy reported September 2026 operational data showing weaker coal output but mixed trends across downstream chemicals and equipment. Commercial coal production fell 9.1% year-on-year for the month and 8.1% year-to-date, while total co...
China Coal Energy’s August Data Show Coal Weakness, Coal Chemicals Mixed
Sep 11, 2026
China Coal Energy reported August 2026 operational data showing a notable slowdown in its core coal business, with commercial coal production down 13.1% year-on-year and total sales volumes falling 5.3%, while self-produced coal sales declined 9.4...
China Coal Energy Declares Interim Dividend and Details Withholding Tax Arrangements
Aug 21, 2026
China Coal Energy Company Limited has declared an interim ordinary dividend of RMB 0.184 per share for the six months ended 30 June 2026, equivalent to HKD 0.2127 per share, for the financial year ending 31 December 2026. The ex-dividend date is s...
China Coal Energy Lifts Interim Profit Despite Revenue Dip
Aug 21, 2026
China Coal Energy Co reported interim results for the six months to 30 June 2026 showing revenue of RMB73.136 billion, down 1.8% year on year as lower materials and transportation costs reflected a softer sales environment. Despite the top-line de...
China Coal Energy Posts Softer Coal Output but Resilient Chemical Volumes in July
Aug 17, 2026
China Coal Energy reported that in July 2026 its core coal operations softened, with commercial coal production falling 2.2% year on year to 10.81 million tonnes and total sales down 2.6%, while year-to-date volumes also declined versus 2025. Sale...
China Coal Energy plans August briefing on 2026 interim results
Aug 17, 2026
China Coal Energy will release its interim results for the six months ended 30 June 2026 on 21 August 2026, and will hold a results briefing on 24 August to give investors a deeper view of its performance and operations. Senior management, includi...
China Coal Energy Board to Review Interim Results and Consider Dividend
Aug 7, 2026
China Coal Energy Co has scheduled a board meeting for 21 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the distribution of an interim dividend, a move that ...
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.