Feishang Anthracite Resources (1738) AI Stock Analysis

• Market Cap: HK$292.68M
• Dividend Yield: N/A
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: -69.69%
• EPS Growth: -9.41%
• Country: HK
• Employees: 2,107
• Sector: Energy
• Sector Strength: 45
• Industry: Coal
• EPS (TTM): -0.31
• Shares Outstanding: 1,380,545,800
• 10 Day Avg. Volume: 4,786,250
• 30 Day Avg. Volume: 1,664,666
• PEG Ratio: -0.02
• Price to Book (P/B): -0.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.61
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall score is primarily influenced by severe financial challenges, including negative growth and high leverage. While technical indicators suggest short-term momentum, the overbought signal warns of potential corrections. The poor valuation due to negative earnings further weighs on the stock's appeal.

Feishang Anthracite Resources Business Overview & Revenue Model

Company Description

Feishang Anthracite Resources (1738) is a Hong Kong-based investment holding company primarily engaged in the extraction, processing, and sale of anthracite coal, a high-grade coal known for its high carbon content and energy efficiency. The company operates through its subsidiaries, focusing on coal mining operations in China. Its core services include mining, processing, and distributing anthracite coal to various industries including steel, power generation, and chemical production.

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. There has been a substantial decline in revenue and profitability, resulting in negative margins. The balance sheet shows high leverage and negative equity, indicating insolvency risk. Additionally, cash flow analysis reveals zero operating and free cash flows, highlighting significant liquidity issues.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	308.31M	990.79M	1.60B	1.12B	1.01B
Gross Profit	14.71M	232.45M	660.52M	398.79M	297.44M
EBITDA	-19.36M	-111.96M	609.68M	371.77M	39.68M
Net Income	-539.03M	-493.42M	73.92M	-92.89M	-346.93M
Balance Sheet
Total Assets	2.86B	3.11B	3.32B	3.37B	3.41B
Cash, Cash Equivalents and Short-Term Investments	4.14M	36.01M	31.74M	30.38M	36.00M
Total Debt	2.09B	1.87B	1.84B	2.07B	2.03B
Total Liabilities	4.49B	4.16B	3.87B	4.01B	3.96B
Stockholders Equity	-1.82B	-1.28B	-796.92M	-849.21M	-735.57M
Cash Flow
Free Cash Flow	-51.37M	158.27M	388.04M	110.31M	-35.26M
Operating Cash Flow	117.39M	418.74M	637.16M	276.82M	189.09M
Investing Cash Flow	-168.77M	-253.18M	-250.75M	-154.03M	-222.66M
Financing Cash Flow	45.40M	-179.83M	-384.85M	-127.63M	23.13M

Feishang Anthracite Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1738, the sentiment is Positive. The current price of 0.21 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.11, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 73.32 is Negative, neither overbought nor oversold. The STOCH value of 51.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1738.

Feishang Anthracite Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0276	62 Neutral	$127.93M	0.07		―	27.71%	―
Sector *	57 Neutral	HK$89.00B	4.00	-2.25%	2.96%	-4.44%	-41.07%
0061	53 Neutral	HK$51.05M	―		―	―	―
1738	52 Neutral	HK$292.68M	―		―	-69.69%	-9.41%
8203	43 Neutral	HK$142.45M	16.03		―	272.07%	―

Feishang Anthracite Resources Corporate Events

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.

Feishang Anthracite Resources AGM Resolutions Passed Unanimously

Feishang Anthracite Resources Limited successfully held its Annual General Meeting on May 30, 2025, where all proposed resolutions were passed with overwhelming support. These resolutions included the re-election of executive and non-executive directors, the re-appointment of Ernst & Young as auditors, and the authorization for the board to manage share allotments and repurchases. The unanimous approval of these resolutions reflects strong shareholder confidence in the company’s leadership and strategic direction.