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China Coal Energy Co
(1898)
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Rating:64Neutral
Price Target:
HK$12.00
▲(3.54% Upside)
Action:Reiterated
Date:09/06/26
Score is driven primarily by solid but volatile financial performance (profitability and improving leverage offset by weakening free-cash-flow trend) and a modestly constructive earnings update (profit/cash-flow growth and dividend support, tempered by production/cost pressures and safety-related delays). Valuation is a positive cushion (P/E ~11, ~4.1% yield), while technicals are mixed with no strong trend confirmation.
Positive Factors
Improving balance-sheet leverage
Lower leverage and a growing equity base improve financial resilience across the coal cycle. This gives China Coal greater capacity to fund projects, absorb commodity-price weakness, and maintain shareholder distributions without relying excessively on additional borrowing.
Negative Factors
Lower self-produced coal volumes and safety delays
Reduced production directly limits sales volumes and weakens operating leverage in a capital-intensive mining business. Safety inspections and delayed mine starts also defer planned capacity, making recovery less certain and potentially prolonging pressure on coal-segment earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving balance-sheet leverage
Lower leverage and a growing equity base improve financial resilience across the coal cycle. This gives China Coal greater capacity to fund projects, absorb commodity-price weakness, and maintain shareholder distributions without relying excessively on additional borrowing.
Read all positive factors
China Coal Energy Co (1898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$200.74B
Dividend Yield4.05%
Average Volume (3M)14.43M
Price to Earnings (P/E)10.8
Beta (1Y)0.44
Revenue Growth-11.15%
EPS Growth7.69%
CountryHK
Employees46,585
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)1.79
Shares Outstanding4,106,663,000
10 Day Avg. Volume19,434,194
30 Day Avg. Volume14,428,890
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$15.20Price Target Upside31.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.43
Revenue Forecast (FY)HK$161.25B
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...
How the Company Makes Money
China Coal Energy primarily makes money by selling coal and coal-related products and services across an integrated value chain. Its key revenue streams include: (1) Coal sales: Revenue is generated through the sale of thermal coal and other coal ...
China Coal Energy Co Earnings Call Summary
Earnings Call Date:Aug 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operational and financial picture with revenue, profit and operating cash flow growth, strong commodity price realization, improved chemical business performance and tangible project progress (including renewable and polyolefin expansion). Offsetting these positives are meaningful operational headwinds: lower self‑produced coal volumes, higher unit costs in coal and certain chemicals, significant tax and nonoperating expense adjustments, and project delays driven by safety inspections and incidents. Management framed cost pressures and tax payments as largely one‑off or controllable and emphasized project milestones and shareholder returns (interim dividend). Overall, the highlights (profit growth, cash generation, price tailwinds, project advancement) modestly outweigh the lowlights (production decline, cost increases, tax/expense shocks and project delays), but risks remain around safety inspections, cost normalization and timing of new capacity coming online.Positive Updates
Revenue and Profit Growth
Operating revenue of CNY 73.13 billion (H1 2026). Under Chinese GAAP profit was CNY 12.46 billion, up 4.4% year‑on‑year; net profit attributable to shareholders CNY 8.14 billion, up 5.8%. Under IFRS profit before tax CNY 12.42 billion, up 7.1%; profit attributable CNY 8.19 billion, up 11.8%.
Negative Updates
Lower Coal Production and Sales Volume Impact
Commercial coal production was 61.95 million tonnes; company reported self‑produced commercial coal production declined by 3.39 million tonnes year‑over‑year (≈‑8%), with management citing tightened safety inspections and complex geology as drivers that constrained H1 output and created uncertainty about full‑year recovery.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Profit Growth
Operating revenue of CNY 73.13 billion (H1 2026). Under Chinese GAAP profit was CNY 12.46 billion, up 4.4% year‑on‑year; net profit attributable to shareholders CNY 8.14 billion, up 5.8%. Under IFRS profit before tax CNY 12.42 billion, up 7.1%; profit attributable CNY 8.19 billion, up 11.8%.
Read all positive updates
Company Guidance
Following H1 results (operating revenue CNY73.13bn; profit CNY12.46bn; net profit attributable CNY8.14bn; basic EPS CNY0.61; net operating cash flow CNY9.86bn), management guided that for H2 the company will stick to its original production plan and “try to catch up” after H1’s 3.39Mt (‑8% y/y) drop in self‑produced coal, continue the coal‑power‑chemical‑new‑energy multi‑industry strategy, benchmark world‑class standards, deepen reforms, strengthen production‑sales coordination, and tighten safety/environmental controls while keeping costs “controllable” (H1 unit sales cost of self‑produced coal CNY285.69/t, polyolefins CNY5,674/t, urea CNY1,280/t, methanol CNY1,370/t, ammonium nitrate CNY1,893/t). They reiterated project timelines and capacity targets: Yulin Phase‑2 polyolefin (900,000 t/yr) mechanically complete and entering commissioning with start‑up from Nov/Dec (EVA a year later), Liquid Sunshine in trial, Wuxuan 2,660 MW integration in equipment installation, Yuyang 100 MW wind under construction and Leizhou 400 MW PV acquired; noted Weizigou and Libi delays to end‑2027 and 2028 respectively; pledged continued market‑value management including an interim dividend of CNY2.44bn (CNY0.184/share) to be paid by end‑Oct and cited group renewable ambitions of 50 million kW in the 15th Five‑Year Plan (~8m kW/yr).China Coal Energy Co Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
70
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.94B | 144.22B | 181.91B | 192.97B | 220.58B | 239.83B |
| Gross Profit | 43.71B | 81.14B | 37.92B | 48.25B | 55.42B | 42.27B |
| EBITDA | 37.98B | 83.78B | 43.30B | 44.30B | 51.14B | 40.51B |
| Net Income | 22.10B | 14.12B | 18.16B | 19.53B | 18.26B | 13.74B |
Balance Sheet | ||||||
| Total Assets | 386.39B | 370.68B | 357.79B | 349.36B | 340.11B | 321.74B |
| Cash, Cash Equivalents and Short-Term Investments | 96.16B | 89.73B | 76.78B | 91.54B | 91.03B | 72.92B |
| Total Debt | 80.49B | 73.53B | 64.39B | 73.52B | 85.66B | 97.33B |
| Total Liabilities | 179.74B | 169.75B | 165.77B | 166.58B | 175.05B | 179.34B |
| Stockholders Equity | 166.37B | 160.43B | 151.71B | 144.12B | 130.76B | 113.79B |
Cash Flow | ||||||
| Free Cash Flow | 24.59B | 8.00B | 16.07B | 25.39B | 33.88B | 37.68B |
| Operating Cash Flow | 45.97B | 29.79B | 34.14B | 42.97B | 43.63B | 48.11B |
| Investing Cash Flow | -34.87B | -30.93B | -12.05B | -15.06B | -22.05B | -25.38B |
| Financing Cash Flow | -339.88M | -4.05B | -23.88B | -26.30B | -22.69B | -6.70B |
China Coal Energy Co Technical Analysis
Positive
11.59
Price Trends
10.66
Positive
11.37
Positive
11.36
Positive
Market Momentum
0.18
Positive
55.64
Neutral
23.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1898, the sentiment is Positive. The current price of 11.59 is above the 20-day moving average (MA) of 11.23, above the 50-day MA of 10.66, and above the 200-day MA of 11.36, indicating a bullish trend. The MACD of 0.18 indicates Positive momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$1.12T | 16.60 | 12.99% | 4.95% | 16.50% | 4.45% | |
71 Outperform | HK$15.07B | 18.44 | 4.97% | 3.95% | 32.98% | -24.54% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | HK$200.74B | 10.80 | 11.32% | 4.05% | -11.15% | 7.69% | |
58 Neutral | HK$10.39B | 11.60 | 9.27% | ― | 26.12% | 46.57% | |
53 Neutral | HK$197.54B | 19.55 | 14.75% | 4.21% | 32.89% | 6.82% | |
42 Neutral | HK$142.76M | -0.21 | -141.19% | 3.14% | -17.39% | -5.91% |
* Energy Sector Average
HK:1898
China Coal Energy Co
11.57
2.47
27.20%
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China Shenhua Energy Co
46.86
11.34
31.94%
HK:0975
Mongolian Mining
10.18
0.34
3.46%
HK:1171
Yankuang Energy Group Company Limited Class H
13.79
4.80
53.39%
HK:1393
Hidili Industry International Development Limited
0.03
-0.04
-56.25%
HK:0639
Shougang Fushan Resources Group Limited
3.10
0.53
20.58%
China Coal Energy Co Corporate Events
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 ...
China Coal Energy Posts Softer Coal Volumes, Mixed Chemical Output in June
Jul 15, 2026
China Coal Energy Co reported June 2026 operational data showing a continued slowdown in its core coal business. Commercial coal production slipped 0.8% year-on-year in June and 8.0% for the year to date, while total commercial coal sales fell 0.8...
China Coal Energy Wins Strong Shareholder Backing at 2025 AGM
Jun 26, 2026
China Coal Energy reported that its 2025 annual general meeting, held in Beijing on 26 June 2026, met all legal and corporate governance requirements, with shareholders representing about 74% of issued shares in attendance. The meeting confirmed s...
China Coal Energy Sets Final Dividend and Payment Terms for 2025
Jun 26, 2026
China Coal Energy Company Limited has declared a final ordinary cash dividend of RMB 0.217 per share for the financial year ended 31 December 2025, with shareholder approval obtained on 26 June 2026. The dividend for Hong Kong shareholders will be...
China Coal Energy Posts Mixed May Output as Coal Chemicals Offset Weaker Mining
Jun 15, 2026
China Coal Energy reported mixed operational data for May 2026, showing a decline in commercial coal production while overall coal sales were broadly stable year on year. Output of self-produced commercial coal fell, and the production value of co...
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.