Feishang Anthracite Resources (1738) AI Stock Analysis

• Market Cap: HK$136.70M
• Dividend Yield: N/A
• Average Volume (3M): 81.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.03
• Revenue Growth: -69.69%
• EPS Growth: -9.41%
• Country: HK
• Employees: 2,107
• Sector: Energy
• Sector Strength: 54
• Industry: Coal
• EPS (TTM): -0.31
• Shares Outstanding: 1,367,033,900
• 10 Day Avg. Volume: 187,750
• 30 Day Avg. Volume: 81,833
• PEG Ratio: -0.02
• Price to Book (P/B): -0.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.45
• 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: 31 Underperform
• Price Target: ―

Feishang Anthracite Resources is facing significant financial distress, with declining revenues, negative profitability, and critical balance sheet weaknesses. The bearish technical indicators and negative P/E ratio further underscore the challenges. Immediate strategic action is essential to address liquidity and solvency concerns.

Feishang Anthracite Resources Business Overview & Revenue Model

Company Description

Feishang Anthracite Resources Limited (1738) is a Hong Kong-based investment holding company primarily engaged in the extraction, production, and sale of anthracite coal. The company operates in the energy sector, focusing on the development and management of coal mines, primarily in China. Its core products include various grades of anthracite coal, which is used in industrial furnaces and for the generation of electricity due to its high carbon content and energy efficiency.

How the Company Makes Money

Feishang Anthracite Resources generates revenue through the mining and sale of anthracite coal. The company's primary revenue stream comes from extracting this coal from its mines and selling it to industrial customers, power plants, and other entities that require coal for energy production or manufacturing processes. Key factors contributing to its earnings include the demand for energy in China, coal market prices, and the company's operational efficiency in mining operations. Feishang may also engage in partnerships with local governments or other corporations to enhance its production capacity and market reach.

Feishang Anthracite Resources Financial Statement Overview

Summary

Feishang Anthracite Resources faces critical financial challenges. Significant revenue and profit declines, coupled with worsening margins, indicate operational difficulties. The balance sheet's negative equity and excessive leverage raise solvency concerns. Lack of cash generation further exacerbates financial risks, requiring immediate strategic interventions to stabilize the company's financial position.

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: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.26 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, 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
1088	80 Outperform	$855.35B	9.86	12.78%	7.90%	-7.73%	-6.97%
1898	76 Outperform	$151.67B	6.30	12.03%	6.03%	-4.04%	-12.32%
1171	64 Neutral	HK$113.33B	5.27	22.05%	7.93%	2.87%	―
1193	59 Neutral	$46.39B	11.35	9.94%	6.84%	1.39%	-21.74%
Sector *	57 Neutral	HK$84.34B	3.62	-2.08%	4.89%	-4.66%	-42.32%
1170	57 Neutral	$397.42M	―	-3.04%	13.33%	-21.53%	-131.69%
1738	31 Underperform	HK$136.70M	―		―	-69.69%	-9.41%

Feishang Anthracite Resources Corporate Events

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.

Feishang Anthracite Resources Schedules 2025 Annual General Meeting

Feishang Anthracite Resources Limited has announced its upcoming annual general meeting scheduled for May 30, 2025, in Hong Kong. Key agenda items include the consideration of the company’s audited financial statements for 2024, re-election of directors, re-appointment of auditors, and granting a general mandate to the directors for share allotment. These resolutions are crucial for maintaining the company’s governance structure and financial transparency, potentially impacting its operational efficiency and shareholder relations.