Feishang Anthracite Resources (1738) AI Stock Analysis

• Market Cap: $249.88M
• Dividend Yield: N/A
• Average Volume (3M): 262.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• 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: 8.96
• Enterprise Value/Revenue: 7.69
• Enterprise Value/Gross Profit: -110.12
• Enterprise Value/Ebitda: -80.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: HK$0.50 ▲(100.00% Upside)

Feishang Anthracite Resources is currently facing significant financial challenges, with declining revenues, negative profitability, and high leverage posing substantial risks. While technical indicators show some positive momentum, the stock appears overbought, which could lead to a correction. The negative P/E ratio and lack of dividend yield further highlight valuation concerns. Overall, the stock's financial instability and valuation issues are the most significant factors impacting its 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 leverages its mining operations to produce high-quality coal, which is then sold to various industries, including power generation, metallurgy, and manufacturing. Key revenue streams include direct sales to large industrial clients, long-term supply agreements, and spot market sales. Additionally, the company may benefit from strategic partnerships with energy producers and industrial firms, enhancing its market reach and stability. Factors contributing to its earnings include the global demand for coal, pricing dynamics in energy markets, and the company's operational efficiency.

Feishang Anthracite Resources Financial Statement Overview

Summary

Feishang Anthracite Resources is facing severe financial challenges. The company has experienced significant revenue and profit declines, negative margins, and operational difficulties. The balance sheet shows negative equity and high leverage, indicating insolvency risk. Additionally, the lack of cash generation from operations poses a significant threat to liquidity and financial sustainability.

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: Positive
• Last Price: 0.25
• 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 0.25 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 70.67 is Negative, neither overbought nor oversold. The STOCH value of 63.18 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
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0065	51 Neutral	HK$122.77M	-2.00	-31.67%	―	-20.97%	-213.53%
0276	50 Neutral	HK$154.26M	―	―	―	-9.83%	-182.04%
1738	45 Neutral	$249.88M	-0.36	―	―	-42.18%	-3.23%
0061	45 Neutral	HK$42.10M	―	―	―	―	―
8203	42 Neutral	HK$162.39M	-10.88	―	―	47.32%	2.60%

Feishang Anthracite Resources Corporate Events

Feishang Anthracite Resources Announces Board Composition and Roles

Feishang Anthracite Resources Limited has announced the composition of its board of directors and their roles within the company. The board includes both executive and independent non-executive directors, with specific members assigned to various board committees such as Audit, ESG, Remuneration, and Nomination. This announcement provides clarity on the governance structure and leadership roles within the company, which could influence its strategic direction and operational oversight.

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 Resources Announces Leadership Transition

Feishang Anthracite Resources Limited has announced a significant leadership change with the resignation of Mr. Wang Xinhua as Executive Director and Chairman of the Board, effective October 27, 2025, due to personal and business commitments. Mr. Li Zongyang, with notable experience in the coal industry and investment, has been appointed as the new Executive Director and Chairman. This transition is expected to bring fresh perspectives to the company’s strategic direction, potentially impacting its market positioning and stakeholder relations positively.

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 Resources Addresses Financial Concerns with Strategic Measures

Feishang Anthracite Resources Limited has announced measures to address a disclaimer of opinion from its auditors regarding the company’s financial statements for 2024. The company is exploring capital raising, divestiture plans, and negotiations with lenders to improve its financial standing. Additionally, the company has resumed production in its coal mines, implemented coal quality management measures, and adopted cost control strategies to enhance operational efficiency and financial stability.

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 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.