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Henan JinMa Energy Co. Ltd. Class H (6885) AI Stock Analysis

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HK:6885

Henan JinMa Energy Co. Ltd. Class H

(HKEX:6885)

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Rating:45Neutral
Price Target:HKD 0.54â–¼(-2.52% Downside)
Action:reiterated
Date:09/24/26

The score is primarily held back by deteriorating financial performance (losses and negative margins) alongside higher leverage and inconsistent free cash flow. Technicals also remain weak given the price sits below key longer-term moving averages and MACD is negative, despite neutral RSI. Valuation is not a clear positive because the company is currently loss-making (negative P/E) and no dividend yield is available.

Positive Factors
Revenue GrowthRevenue expansion in 2025 indicates the company continued to grow its top line despite broader profitability pressure. If maintained, this scale can support operating leverage and provide a base for recovery, although the benefit depends on restoring positive margins.
Negative Factors
Persistent LossesThe shift from profitability in 2020–2023 to sizable losses in 2024–2025 signals a material deterioration in earnings quality. Negative gross and net margins weaken retained capital, reduce self-funded growth capacity, and make recovery dependent on reversing cost or pricing pressure.

Henan JinMa Energy Co. Ltd. Class H (6885) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:6885-65.74%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 299.84M
Dividend Yield
―
Average Volume (3M)
1.23M
Price to Earnings (P/E)
-0.2
Beta (1Y)
0.30
Revenue Growth
0.39%
EPS Growth
-394.16%
Country
Hong Kong
Employees
2,580
Sector
Basic Materials
Sector Strength
61
Industry
Coal

Henan JinMa Energy Co. Ltd. Class H Business Overview & Revenue Model

Company Description

Established in 2003 and headquartered in Jiyuan, China, Henan Jinma Energy Company Limited operates a diversified enterprise within the coking chemical industry throughout the People's Republic of China, supported by its various subsidiaries. The com...

Henan JinMa Energy Co. Ltd. Class H Financial Statement Overview

Summary

Financial performance has weakened materially: despite revenue growth in 2025 (+9.7%), profitability turned negative (gross margin -0.8%, net margin -6.5%) with sizable net losses in 2024–2025. Leverage has risen meaningfully (debt-to-equity ~1.23 in 2025), reducing flexibility in a cyclical industry. Cash flow is volatile—operating cash flow stayed positive in 2025 but fell sharply versus 2024 and free cash flow turned negative—limiting confidence in near-term resilience.

Income Statement

22Negative

Balance Sheet

46Neutral

Cash Flow

39Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue8.86B8.12B11.60B12.07B12.45B7.40B
Gross Profit631.30M439.50M150.11M448.47M1.14B1.02B
EBITDA364.46M433.43M23.93M463.60M1.03B952.37M
Net Income-1.49B-527.39M-345.89M22.32M421.95M486.52M
Balance Sheet
Total Assets6.59B9.08B11.22B12.53B11.23B8.53B
Cash, Cash Equivalents and Short-Term Investments540.97M601.74M725.40M2.05B1.98B594.95M
Total Debt2.63B3.20B3.37B4.15B3.24B1.81B
Total Liabilities4.09B5.49B6.88B7.69B6.50B4.22B
Stockholders Equity1.50B2.59B3.12B3.46B3.51B3.23B
Cash Flow
Free Cash Flow335.61M-84.76M579.88M-1.04B-726.90M-1.23B
Operating Cash Flow568.91M251.40M942.52M69.99M997.01M1.11B
Investing Cash Flow327.86M221.87M-722.97M-898.72M-1.83B-2.76B
Financing Cash Flow-885.87M-726.32M-633.45M832.65M1.17B863.50M

Henan JinMa Energy Co. Ltd. Class H Technical Analysis

Technical Analysis SentimentNegative
Last Price0.56

Price Trends

50DMA0.61Negative
100DMA0.65Negative
200DMA0.87Negative

Market Momentum

MACD-0.01Positive
RSI40.19Neutral
STOCH43.59Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6885, the sentiment is Negative. The current price of 0.56 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.61, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 43.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6885.

Henan JinMa Energy Co. Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:6885 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1088HK:108865NeutralHKD 1.26T18.7713.04%5.46%33.71%12.81%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:1898HK:189858NeutralHKD 190.40B10.1811.02%4.74%-11.15%7.69%
HK:0975HK:097555NeutralHKD 7.18B7.879.27%―26.12%46.57%
HK:1171HK:117153NeutralHKD 180.19B17.5814.09%5.50%32.89%6.82%
HK:6885HK:688545NeutralHKD 297.16M-0.17-72.85%―0.39%-394.16%
HK:1393HK:139337UnderperformHKD 92.11M-0.14-141.19%―-17.39%-5.91%

* Basic Materials Sector Average

Performance Comparison

-50%-25%0%25%50%HK:6885HK:1898HK:1088HK:0975HK:1171HK:1393Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:6885 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:6885Henan JinMa Energy Co. Ltd. Class H0.56-1.02-64.87%
HK:1898China Coal Energy Co Class H9.74-1.17-10.71%
HK:1088China Shenhua Energy Co Class H42.563.408.69%
HK:0975Mongolian Mining Corporation7.02-4.47-38.90%
HK:1171Yankuang Energy Group Company Limited Class H10.880.242.28%
HK:1393Hidili Industry International Development Limited0.02-0.04-69.23%

Henan JinMa Energy Co. Ltd. Class H Corporate Events

Henan Jinma Energy Overhauls Company Secretary Role to Bolster Governance

Oct 13, 2026

Henan Jinma Energy Company Limited has announced changes to its company secretary and authorized representative positions effective 13 October 2026, as part of efforts to optimize its governance structure and strengthen compliance under Hong Kong lis...

Henan Jinma Energy Shifts Hong Kong Principal Office to Causeway Bay

Sep 30, 2026

Henan Jinma Energy Company Limited has relocated its principal place of business in Hong Kong to Unit 3201, 32/F, 88 Hing Fat Street, Causeway Bay, with immediate effect. The move formalizes a new corporate address for the energy group in the territo...

Henan Jinma Energy Board and Supervisor Resignations Trigger Governance Gaps

Sep 2, 2026

Henan Jinma Energy has announced the resignation of independent non-executive director Mr. Zhang Xicheng and supervisor Ms. Lyu Hong, both citing changes in work arrangements and confirming no disagreement with the board or matters requiring sharehol...

Henan Jinma Energy Sets Out Board and Committee Structure

Sep 2, 2026

Henan Jinma Energy Company Limited has detailed the composition of its Board of Directors, comprising executive, non-executive and independent non-executive members, with non-executive director Mr. Yiu Chiu Fai serving as chairman. The disclosure und...

Henan Jinma Energy Swings to Heavy Interim Loss Despite Revenue Growth

Aug 31, 2026

Henan Jinma Energy reported interim unaudited results for the six months ended 30 June 2026, showing revenue from continuing operations rising to RMB4.56 billion from RMB3.56 billion a year earlier. Despite higher gross profit, the group recorded a s...

Henan Jinma Energy Delays Board Meeting to Finalise Interim Results

Aug 28, 2026

Henan Jinma Energy Company Limited, a Hong Kong-listed energy firm incorporated in the PRC with limited liability and stock code 6885, is governed by a board led by chairman Yiu Chiu Fai and a mix of executive, non-executive and independent non-execu...

Henan Jinma Energy flags RMB1.1bn interim loss after subsidiary bankruptcy

Aug 25, 2026

Henan Jinma Energy Company Limited, a Hong Kong-listed PRC energy group, holds a 70% stake in subsidiary Xinyang Steel Jingang Energy Co., Ltd., underlining its involvement in industrial energy operations. The group is governed by a board comprising...

Henan Jinma Energy Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend

Aug 14, 2026

Henan Jinma Energy Company Limited has scheduled a meeting of its board of directors for 28 August 2026 to review and, if appropriate, approve the unaudited interim results for the six months ended 30 June 2026 and to authorize the publication of the...

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.

Date of analysis: Sep 24, 2026