Feishang Anthracite Maps Out Measures to Address Going-Concern Disclaimer and Bolster Operations

Feishang Anthracite Resources ( (HK:1738) ) has shared an announcement.

Feishang Anthracite Resources released an update on actions taken by year-end 2025 to address a going concern disclaimer raised by its auditors on its 2024 financial statements, outlining efforts to strengthen its balance sheet, negotiate with creditors and stabilise operations. The company is exploring capital-raising options and potential divestitures of interests in the Dayun and Liujiaba coal mines to lower debt and gearing, while holding ongoing talks with lenders who have largely refrained from demanding immediate repayment, a factor the group says is critical for its cash flow and operational continuity. It is also negotiating settlements of litigation and arbitration cases and continues to deal with legal proceedings involving pledged shares of its controlling shareholder. Operationally, all four coal mines have resumed production since April 2025, with output for April–November 2025 rising to about 986,000 tonnes from roughly 758,000 tonnes a year earlier, and the group has rolled out stricter coal quality management and cost-control measures, including new quality-control teams, dynamic sales strategies and the promotion of gob-side entry retaining technology to reduce roadway driving costs.

The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Feishang Anthracite Resources stock, see the HK:1738 Stock Forecast page.

More about Feishang Anthracite Resources

Feishang Anthracite Resources Limited is a coal producer focused on anthracite mining operations in China, operating four coal mines including Dayun and Liujiaba. The group is heavily leveraged and has been working to stabilise its financial position and sustain operations following auditor concerns over its ability to continue as a going concern.

YTD Price Performance: -6.48%

Average Trading Volume: 4,380,669

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$149.1M

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