Feishang Anthracite Resources (1738) AI Stock Analysis

• Market Cap: HK$149.10M
• Dividend Yield: N/A
• Average Volume (3M): 262.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: -42.18%
• EPS Growth: -3.23%
• Country: HK
• Employees: 2,107
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): -0.18
• Shares Outstanding: 1,380,545,800
• 10 Day Avg. Volume: 373,000
• 30 Day Avg. Volume: 262,250
• PEG Ratio: -0.03
• Price to Book (P/B): -0.08
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -2.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Feishang Anthracite Resources is in a precarious financial position, with critical challenges in revenue, profitability, and cash flow. The technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively result in a low overall stock score.

Feishang Anthracite Resources Business Overview & Revenue Model

Company Description

Feishang Anthracite Resources Limited, an investment holding company, engages in the extraction, sale, and trade of anthracite coal in the People's Republic of China. It engages in the acquisition, construction, development, and operation of anthracite coal mines. The company operates four coal mines in Guizhou province. It is also involved in the coal washing activities. The company was formerly known as Wealthy Year Limited. Feishang Anthracite Resources Limited was incorporated in 2010 and is based in Sheung Wan, Hong Kong. Feishang Anthracite Resources Limited operates as a subsidiary of Feishang Industrial Group Co., Ltd.

How the Company Makes Money

Feishang Anthracite Resources generates revenue primarily through the sale of anthracite coal. The company owns and operates coal mines that extract anthracite, which is then processed and sold to industrial customers. Key revenue streams include direct sales of processed coal to steel manufacturers, power plants, and chemical companies. The company may also engage in long-term supply contracts with large industrial clients, providing a stable and predictable income stream. Fluctuations in coal prices and demand from key industries, along with the company's operational efficiency and mining capacity, significantly impact its earnings.

Feishang Anthracite Resources Financial Statement Overview

Summary

Feishang Anthracite Resources is facing severe financial challenges, with significant revenue and profit declines, negative margins, and a deteriorating balance sheet. The company is insolvent with negative equity and unable to generate cash flow, posing substantial financial risks.

Income Statement

Feishang Anthracite Resources has experienced declining revenues and profitability. The revenue in 2024 ($308.3M) decreased significantly from 2023 ($990.8M), leading to an alarming negative revenue growth rate. Gross profit margin deteriorated, and the net profit margin is negative due to substantial net losses. The company has been facing operational challenges, reflected in negative EBIT and EBITDA margins.

Balance Sheet

The company's balance sheet shows high financial leverage with a negative stockholders' equity, indicating insolvency risk. Debt-to-equity ratios are not calculable due to negative equity, highlighting financial instability. Total liabilities exceed total assets, and the declining equity position suggests a deteriorating financial health trajectory.

Cash Flow

Cash flow analysis reveals an unsustainable situation with zero operating and free cash flows in 2024. This is a drastic decline from positive free cash flow in previous years. The inability to generate cash flow from operations poses a significant risk to liquidity and financial sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	291.28M	308.31M	990.79M	1.60B	1.12B	1.01B
Gross Profit	-20.34M	14.71M	232.45M	660.52M	398.79M	297.44M
EBITDA	-27.91M	-19.36M	-111.96M	609.68M	371.77M	39.68M
Net Income	-633.54M	-539.03M	-493.42M	53.11M	-113.84M	-356.10M
Balance Sheet
Total Assets	2.78B	2.86B	3.11B	3.32B	3.37B	3.41B
Cash, Cash Equivalents and Short-Term Investments	3.15M	4.14M	36.01M	31.74M	30.38M	36.00M
Total Debt	2.07B	2.09B	1.87B	1.84B	2.07B	2.03B
Total Liabilities	4.69B	4.49B	4.16B	3.87B	4.01B	3.96B
Stockholders Equity	-2.06B	-1.82B	-1.28B	-796.92M	-849.21M	-735.57M
Cash Flow
Free Cash Flow	0.00	-51.37M	158.27M	388.04M	110.31M	-35.26M
Operating Cash Flow	0.00	117.39M	418.74M	637.16M	276.82M	189.09M
Investing Cash Flow	0.00	-168.77M	-253.18M	-250.75M	-154.03M	-222.66M
Financing Cash Flow	0.00	45.40M	-179.83M	-384.85M	-127.63M	23.13M

Feishang Anthracite Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

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 0.11 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.14, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 28.76 is Positive, neither overbought nor oversold. The STOCH value of 8.33 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0276	48 Neutral	HK$127.93M	0.07	―	―	-9.83%	-182.04%
8203	45 Neutral	HK$179.49M	17.31	―	―	47.32%	2.60%
0065	42 Neutral	HK$95.76M	―	-31.67%	―	-20.97%	-213.53%
1738	41 Neutral	HK$149.10M	―	―	―	-42.18%	-3.23%
0061	41 Neutral	HK$41.05M	―	―	―	―	―

Feishang Anthracite Resources Corporate Events

Feishang Anthracite Reports Significant Financial Losses in H1 2025

Feishang Anthracite Resources Limited reported a significant downturn in its financial performance for the first half of 2025, with revenue from continuing operations decreasing by 11.1% to CNY136.6 million compared to the same period in 2024. The company experienced a gross loss of CNY31.5 million, a stark contrast to the previous year’s gross profit, and a 65.9% increase in losses attributable to owners, reaching CNY237.9 million. These results highlight a challenging period for the company, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Feishang Anthracite Resources stock, see the HK:1738 Stock Forecast page.

Feishang Anthracite Schedules Board Meeting for Interim Results

Feishang Anthracite Resources Limited has announced a board meeting scheduled for August 29, 2025, to discuss and approve the interim results for the first half of 2025 and consider the payment of an interim dividend. This meeting is significant as it may impact the company’s financial strategies and shareholder returns.

Feishang Anthracite Resources Takes Strategic Steps to Address Auditor Concerns

Feishang Anthracite Resources Limited has announced a series of strategic actions to address a disclaimer of opinion from its auditors regarding the company’s financial statements for 2024. These actions include exploring capital raising opportunities, considering divestiture plans to lower debt, negotiating with lenders, and settling litigations. The company has resumed production at its coal mines, with a notable increase in output, and is implementing stringent coal quality management and cost control measures to improve operational efficiency.