Feishang Anthracite Resources Ltd. (HK:1738)
:1738
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Feishang Anthracite Resources
(1738)
Select Model
Select Model
Rating:42Neutral
Price Target:
HK$0.10
▲(1.00% Upside)
Action:ReiteratedDate:01/08/26
The score is primarily weighed down by very weak financial performance (losses, negative equity, and no operating/free cash flow), indicating elevated solvency and liquidity risk. Technicals are mixed and provide only limited support, while valuation signals are constrained by a negative P/E and no dividend yield data.
Positive Factors
Integrated mining and processing operations
Owning both extraction and beneficiation capabilities is a durable operational strength: vertical integration helps control product quality, capture processing margins, reduce third‑party reliance, and sustain supply to industrial customers—supporting stable operations over months.
Negative Factors
Negative equity / insolvency risk
Negative shareholders' equity is a structural solvency concern: it impairs access to new capital, weakens creditor confidence, and increases default risk. Over 2–6 months this constrains refinancing options and investment, threatening the firm's ability to sustain operations without remediation.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated mining and processing operations
Owning both extraction and beneficiation capabilities is a durable operational strength: vertical integration helps control product quality, capture processing margins, reduce third‑party reliance, and sustain supply to industrial customers—supporting stable operations over months.
Read all positive factors
Feishang Anthracite Resources (1738) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$149.10M
Dividend YieldN/A
Average Volume (3M)262.25K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth-42.18%
EPS Growth-3.23%
CountryHK
Employees2,107
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.18
Shares Outstanding1,380,545,800
10 Day Avg. Volume373,000
30 Day Avg. Volume262,250
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 anthr...
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, metallur...
Feishang Anthracite Resources Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
25
Negative
Cash Flow
20
Very Negative
| 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
Negative
0.10
Price Trends
0.12
Negative
0.13
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
42.89
Neutral
14.04
Positive
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 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 14.04 is Positive, 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
UnderperformOutperform
Sector (65)
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% | |
47 Neutral | HK$114.98M | -0.30 | -3.24% | ― | ― | ― | |
46 Neutral | HK$99.71M | -0.04 | 37.69% | ― | -38.71% | -193.94% | |
45 Neutral | HK$78.57M | -2.50 | -36.43% | ― | -20.97% | -213.53% | |
44 Neutral | HK$38.42M | -0.06 | 12.36% | ― | ― | ― | |
42 Neutral | HK$149.10M | -0.13 | ― | ― | -42.18% | -3.23% | |
39 Underperform | HK$104.84M | -2.75 | ― | ― | 47.32% | 2.60% |
* Energy Sector Average
HK:1738
Feishang Anthracite Resources
0.11
<0.01
8.00%
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Feishang Anthracite Resources Corporate Events
Feishang Anthracite Maps Out Measures to Address Going-Concern Disclaimer and Bolster Operations
Dec 31, 2025
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 cre...
Feishang Anthracite Confirms Independence of Newly Appointed INED
Dec 29, 2025
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 ...
Feishang Anthracite Resources Strengthens Board with New Independent Director
Dec 23, 2025
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 an...
Feishang Anthracite Sets Out Board and Committee Structure
Dec 23, 2025
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 Zongya...
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 gov...
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 ...
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 arou...
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, th...
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.