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Feishang Anthracite Resources
(1738)
Feishang Anthracite Resources (1738) vs. iShares MSCI Hong Kong ETF (EWH)
Feishang Anthracite Resources Business Overview & Revenue Model
Feishang Anthracite Resources Financial Statement Overview
| 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
Feishang Anthracite Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
46 Neutral | HK$137.33M | -0.08 | ― | ― | -38.71% | -193.94% | |
45 Neutral | HK$76.12M | -1.24 | -31.67% | ― | -20.97% | -213.53% | |
44 Neutral | HK$41.57M | ― | ― | ― | ― | ― | |
43 Neutral | HK$95.10M | -1.07 | -3.24% | ― | ― | ― | |
42 Neutral | HK$173.95M | -0.25 | ― | ― | -42.18% | -3.23% | |
39 Underperform | HK$151.00M | -10.11 | ― | ― | 47.32% | 2.60% |
Feishang Anthracite Resources Corporate Events
Feishang Anthracite Resources released an update on actions taken by year-end 2025 to address a going concern disclaimer raised by its auditors on its 2024 financial statements, outlining efforts to strengthen its balance sheet, negotiate with creditors and stabilise operations. The company is exploring capital-raising options and potential divestitures of interests in the Dayun and Liujiaba coal mines to lower debt and gearing, while holding ongoing talks with lenders who have largely refrained from demanding immediate repayment, a factor the group says is critical for its cash flow and operational continuity. It is also negotiating settlements of litigation and arbitration cases and continues to deal with legal proceedings involving pledged shares of its controlling shareholder. Operationally, all four coal mines have resumed production since April 2025, with output for April–November 2025 rising to about 986,000 tonnes from roughly 758,000 tonnes a year earlier, and the group has rolled out stricter coal quality management and cost-control measures, including new quality-control teams, dynamic sales strategies and the promotion of gob-side entry retaining technology to reduce roadway driving costs.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.12 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 Limited has issued a supplemental announcement confirming the independence of newly appointed independent non-executive director Mr. Lui Tin Shun, whose appointment took effect on 23 December 2025. The company stated that Mr. Lui satisfies all the independence criteria under the Hong Kong Listing Rules, has no financial or other interests in the company or its subsidiaries, and has no connections with any core connected persons, reinforcing the firm’s corporate governance structure and compliance posture for its stakeholders.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.12 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 has appointed experienced accounting and corporate finance professional Mr. Lui Tin Shun as an independent non-executive director with effect from 23 December 2025, reinforcing the board’s financial expertise and governance capabilities. With more than 20 years’ experience across audit, investment banking and corporate finance, and existing roles at other listed companies, Mr. Lui has been deemed independent under Hong Kong listing rules and will serve a three-year term subject to standard rotation and re-election requirements, a move the board believes will enhance oversight, diversity and long-term stability for the group and its stakeholders.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.12 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 Limited has announced the current composition of its board of directors and detailed the roles and functions of each member across its four board committees: Audit, ESG, Remuneration and Nomination. Chairman Li Zongyang serves as chairman of the ESG and Nomination Committees, while independent non-executive directors Liang Ying, Lui Tin Shun and Wang Xiufeng hold key positions across all committees, underscoring the company’s emphasis on independent oversight and formalised governance structures for audit, sustainability, remuneration and board nominations.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.12 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 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.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.14 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 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.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.14 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 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.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.14 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 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.
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.