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Feishang Anthracite Resources Ltd. (HK:1738)
:1738

Feishang Anthracite Resources (1738) AI Stock Analysis

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HK:1738

Feishang Anthracite Resources

(1738)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
HK$0.12
▼(-3.33% Downside)
Feishang Anthracite Resources is facing severe financial challenges, as evidenced by its poor financial performance and negative valuation metrics. The technical analysis indicates bearish momentum, further weighing down the stock's prospects. Immediate strategic interventions are necessary to address the company's financial instability.
Positive Factors
Market Position
As a leading mining company in China, Feishang's strong market position in anthracite coal provides a competitive advantage in the energy sector.
Strategic Partnerships
Partnerships with energy producers and industrial firms can provide stable revenue streams and enhance market reach, supporting long-term growth.
Industry Demand
Rising demand for energy and carbon-intensive products supports Feishang's growth prospects, given its focus on anthracite coal.
Negative Factors
Revenue Decline
A significant drop in revenue indicates operational challenges and impacts the company's ability to sustain growth and profitability.
Negative Cash Flow
The inability to generate cash flow from operations poses a significant risk to liquidity and financial sustainability, threatening long-term viability.
High Financial Leverage
Excessive leverage and negative equity indicate insolvency risk, limiting financial flexibility and increasing vulnerability to market fluctuations.

Feishang Anthracite Resources (1738) vs. iShares MSCI Hong Kong ETF (EWH)

Feishang Anthracite Resources Business Overview & Revenue Model

Company DescriptionFeishang 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 MoneyFeishang 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
30
Negative
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
25
Negative
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
20
Very Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue291.28M308.31M990.79M1.60B1.12B1.01B
Gross Profit-20.34M14.71M232.45M660.52M398.79M297.44M
EBITDA-27.91M-19.36M-111.96M609.68M371.77M39.68M
Net Income-633.54M-539.03M-493.42M53.11M-113.84M-356.10M
Balance Sheet
Total Assets2.78B2.86B3.11B3.32B3.37B3.41B
Cash, Cash Equivalents and Short-Term Investments3.15M4.14M36.01M31.74M30.38M36.00M
Total Debt2.07B2.09B1.87B1.84B2.07B2.03B
Total Liabilities4.69B4.49B4.16B3.87B4.01B3.96B
Stockholders Equity-2.06B-1.82B-1.28B-796.92M-849.21M-735.57M
Cash Flow
Free Cash Flow0.00-51.37M158.27M388.04M110.31M-35.26M
Operating Cash Flow0.00117.39M418.74M637.16M276.82M189.09M
Investing Cash Flow0.00-168.77M-253.18M-250.75M-154.03M-222.66M
Financing Cash Flow0.0045.40M-179.83M-384.85M-127.63M23.13M

Feishang Anthracite Resources Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.12
Price Trends
50DMA
0.14
Negative
100DMA
0.14
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
44.88
Neutral
STOCH
28.80
Neutral
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 0.12 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 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.88 is Neutral, neither overbought nor oversold. The STOCH value of 28.80 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
46
Neutral
HK$131.69M-0.08-38.71%-193.94%
45
Neutral
HK$88.39M-1.44-31.67%-20.97%-213.53%
44
Neutral
HK$45.78M-0.05
41
Neutral
$160.14M-0.24-42.18%-3.23%
39
Underperform
HK$151.00M-10.1147.32%2.60%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1738
Feishang Anthracite Resources
0.12
0.01
12.15%
HK:0276
Mongolia Energy
0.71
0.12
20.34%
HK:0061
Green Leader Holdings Group Limited
0.09
0.03
50.00%
HK:0065
Grand Ocean Advanced Resources Co., Ltd.
0.36
0.04
12.50%
HK:0704
Huscoke Holdings Limited
0.12
0.03
33.33%
HK:8203
Kaisun Holdings Limited
0.26
-0.09
-25.71%

Feishang Anthracite Resources Corporate Events

Feishang Anthracite Resources Announces Board Changes and Compliance Updates
Dec 2, 2025

Feishang Anthracite Resources Limited announced several key changes in its board and compliance status. Ms. Lam Hoi Ki has been appointed as the new company secretary, bringing over 15 years of experience in auditing, accounting, and corporate governance. Concurrently, Mr. CHAN Him Alfred resigned as an independent non-executive director due to personal commitments, leading to a temporary non-compliance with certain listing rules regarding board composition. The company is actively seeking a replacement to restore compliance within the stipulated timeframe.

Feishang Anthracite Resources Announces Board Composition and Roles
Dec 2, 2025

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 committees such as Audit, ESG, Remuneration, and Nomination. This announcement highlights the company’s commitment to structured governance and oversight, potentially impacting its operational efficiency and stakeholder confidence.

Feishang Anthracite Faces Legal Proceedings Over Coal Sales Contract
Dec 1, 2025

Feishang Anthracite Resources Limited has been named as a defendant in legal proceedings initiated by Guizhou Province Development Investment Company Limited in the Intermediate People’s Court of Guiyang City, China. The dispute centers around a coal sales contract involving a prepayment of CNY200,000,000, with Feishang Group Limited pledging 600,000,000 ordinary shares as security. The company is currently seeking legal advice on the matter and advises shareholders and potential investors to exercise caution.

Feishang Anthracite Announces Key Resignation and Interim Changes
Nov 17, 2025

Feishang Anthracite Resources Limited announced the resignation of Mr. Yue Ming Wai Bonaventure as Company Secretary, effective 17 November 2025. Mr. Yue has also stepped down from his role as an authorized representative, with Mr. Li Zongyang, the chairman of the board, assuming the position. The company is currently in breach of Listing Rule 3.28 due to the temporary vacancy of the Company Secretary position and is actively seeking a suitable candidate to fill the role.

Feishang Anthracite Resources Announces Board Composition and Roles
Oct 27, 2025

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.

Feishang Anthracite Resources Announces Leadership Transition
Oct 27, 2025

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.

Feishang Anthracite Resources Addresses Financial Concerns with Strategic Measures
Sep 30, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 03, 2025