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China Coal Energy Co
(1898)
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Rating:60Neutral
Price Target:
HK$10.50
▼(-21.58% Downside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by mixed fundamentals: improved margins and a stronger balance sheet are offset by multi-year revenue decline and weaker cash conversion. Technicals are bearish (below key moving averages with negative MACD), while valuation is supportive with a moderate P/E and a ~3.7% dividend yield.
Positive Factors
Vertically integrated coal value chain
The company operates across mining, trading, chemical conversion and logistics, which supports resilient cash flows by capturing upstream and downstream margins, enabling internal feedstock supply and cost control. This diversification reduces single-segment dependency and aids long-term operational flexibility.
Negative Factors
Multi-year revenue contraction
Sustained top-line decline over several years signals weakening demand, loss of volume or market share, or structural headwinds in core markets. Continued revenue contraction pressures growth prospects and forces reliance on margin gains to sustain profits, which may be less durable than volume growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertically integrated coal value chain
The company operates across mining, trading, chemical conversion and logistics, which supports resilient cash flows by capturing upstream and downstream margins, enabling internal feedstock supply and cost control. This diversification reduces single-segment dependency and aids long-term operational flexibility.
Read all positive factors
China Coal Energy Co (1898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$173.81B
Dividend Yield4.59%
Average Volume (3M)18.45M
Price to Earnings (P/E)9.4
Beta (1Y)0.49
Revenue Growth-21.82%
EPS Growth-20.14%
CountryHK
Employees46,452
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)1.11
Shares Outstanding4,106,663,000
10 Day Avg. Volume18,222,753
30 Day Avg. Volume18,446,431
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.74
Price to Sales (P/S)0.82
P/FCF Ratio14.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$15.34Price Target Upside14.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)1.5
Revenue Forecast (FY)HK$163.58B
China Coal Energy Co Business Overview & Revenue Model
Company Description
China Coal Energy Company Limited, active across the People's Republic of China and globally, is principally engaged in coal extraction, trading, and related ventures. Its core operations encompass coal chemical production, the manufacture of coal...
How the Company Makes Money
China Coal Energy generally makes money through multiple, vertically linked revenue streams across the coal value chain: (1) Coal production and sales: The core revenue driver is selling thermal and/or coking coal produced from its mining operatio...
China Coal Energy Co Earnings Call Summary
Earnings Call Date:Mar 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 22, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced view: management emphasized strong multi‑year achievements (scale expansion, improved cash generation, execution of CapEx and cost controls, progress on coal‑chemical‑power integrated strategy and new energy buildout) which underpin long‑term resilience. At the same time, 2025 displayed meaningful near‑term headwinds — falling commodity and chemical prices, lower 2025 revenue and profit vs prior year, some subsidiary production disruptions and elevated regional volatility. Management stressed active cost control, high CapEx execution rates, maintained dividends and plans for 2026 growth investments, but acknowledged external uncertainty and capital allocation trade‑offs.Positive Updates
Large resource and capacity base
Controlled proven coal reserves >70 billion tonnes; total coal capacity 310 million tonnes; annual trading volume ~400 million tonnes; 11 chemical projects >20 million tonnes capacity; installed thermal power capacity >47 GW and renewable installed capacity >7 GW; managed total assets >RMB 650 billion and ~120,000 employees.
Negative Updates
2025 revenue and profit declines at China Coal Energy
2025 revenue CNY 148.1 billion, down 21.8% YoY; total profit CNY 26.6 billion, down 15.7% YoY; net profit attributable CNY 17.9 billion, down 7.3% YoY — reflecting falling coal and chemical product prices and weaker volumes.
Read all updates
Q4-2025 Updates
Positive
Negative
Large resource and capacity base
Controlled proven coal reserves >70 billion tonnes; total coal capacity 310 million tonnes; annual trading volume ~400 million tonnes; 11 chemical projects >20 million tonnes capacity; installed thermal power capacity >47 GW and renewable installed capacity >7 GW; managed total assets >RMB 650 billion and ~120,000 employees.
Read all positive updates
Company Guidance
The management guided 2026 as a “seek progress while ensuring stability” year with concrete operational and financial targets: China Coal Energy plans to produce and sell over 130 million tonnes of self‑produced commercial coal, make ~1.45 million tonnes of polyolefin and >2.03 million tonnes of urea, and carry a 2026 CapEx plan of RMB 21.32 billion (up 7.05% YoY) split ~RMB 7.24b (Coal), RMB 8.48b (Coal Chemicals), RMB 2.18b (Coal Power), RMB 2.6b (New Energy) and RMB 739m (Equipment/other); the company reiterated maintaining overall revenue/profit stability (after 2025: revenue RMB 148.1b, total profit RMB 26.6b, net profit attributable RMB 17.9b, GP margin 27.5%, EPS RMB 1.35, operating cash inflow ~RMB 30b, asset‑liability ratio 45.8%). Shanghai Energy is accelerating new energy (installed new‑energy under construction 672,000 kW) and starting a 330,000 kW PV project while targeting CNY cost savings realized in 2025 (CNY 500m total; raw coal −CNY 40/tonne; power CNY 0.012/kWh) and Xinji Energy targets 2026 commercial coal ~18.5–19.0 million tonnes, power generation ≥30 billion kWh and timely commissioning of three power plants; group guidance also emphasizes refining production organization, deepening reform, strengthening market‑cap management and investor communication, continuing >90% LTA contract fulfillment for thermal coal and pursuing the 2‑integration/2‑hedge coal‑electricity‑chemicals‑renewables strategy toward competitiveness by 2030 and world‑class status by 2035.China Coal Energy Co Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
73
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 144.22B | 181.91B | 192.97B | 220.58B | 239.83B |
| Gross Profit | 81.14B | 37.92B | 48.25B | 55.42B | 42.27B |
| EBITDA | 83.78B | 43.30B | 44.30B | 51.14B | 40.51B |
| Net Income | 14.12B | 18.16B | 19.53B | 18.26B | 13.74B |
Balance Sheet | |||||
| Total Assets | 370.68B | 357.79B | 349.36B | 340.11B | 321.74B |
| Cash, Cash Equivalents and Short-Term Investments | 89.73B | 76.78B | 91.54B | 91.03B | 72.92B |
| Total Debt | 73.53B | 64.39B | 73.52B | 85.66B | 97.33B |
| Total Liabilities | 169.75B | 165.77B | 166.58B | 175.05B | 179.34B |
| Stockholders Equity | 160.43B | 151.71B | 144.12B | 130.76B | 113.79B |
Cash Flow | |||||
| Free Cash Flow | 8.00B | 16.07B | 25.39B | 33.88B | 37.68B |
| Operating Cash Flow | 29.79B | 34.14B | 42.97B | 43.63B | 48.11B |
| Investing Cash Flow | -30.93B | -12.05B | -15.06B | -22.05B | -25.38B |
| Financing Cash Flow | -4.05B | -23.88B | -26.30B | -22.69B | -6.70B |
China Coal Energy Co Technical Analysis
Negative
13.39
Price Trends
12.19
Negative
12.50
Negative
11.38
Negative
Market Momentum
-0.70
Positive
31.47
Neutral
6.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1898, the sentiment is Negative. The current price of 13.39 is above the 20-day moving average (MA) of 11.18, above the 50-day MA of 12.19, and above the 200-day MA of 11.38, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 31.47 is Neutral, neither overbought nor oversold. The STOCH value of 6.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1898.
China Coal Energy Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$982.83B | 15.68 | 12.12% | 8.97% | -6.04% | -7.87% | |
67 Neutral | HK$11.10B | 17.54 | 3.92% | 9.28% | -0.02% | -59.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | HK$173.81B | 9.40 | 11.15% | 4.59% | -21.82% | -20.14% | |
53 Neutral | HK$167.59B | 18.18 | 13.96% | 8.02% | 7.29% | -48.69% | |
47 Neutral | HK$6.49B | 135.51 | 0.50% | ― | -20.89% | -97.28% | |
41 Neutral | HK$184.21M | -0.26 | -48.57% | ― | -10.83% | 1.54% |
* Energy Sector Average
HK:1898
China Coal Energy Co
9.90
1.22
14.09%
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China Shenhua Energy Co
39.60
10.29
35.10%
HK:0975
Mongolian Mining
6.27
-0.75
-10.68%
HK:1171
Yankuang Energy Group Company Limited Class H
11.00
3.32
43.21%
HK:1393
Hidili Industry International Development Limited
0.04
-0.02
-37.50%
HK:0639
Shougang Fushan Resources Group Limited
2.18
-0.44
-16.79%
China Coal Energy Co Corporate Events
China Coal Energy Wins Strong Shareholder Backing at 2025 AGM
Jun 26, 2026
China Coal Energy reported that its 2025 annual general meeting, held in Beijing on 26 June 2026, met all legal and corporate governance requirements, with shareholders representing about 74% of issued shares in attendance. The meeting confirmed s...
China Coal Energy Sets Final Dividend and Payment Terms for 2025
Jun 26, 2026
China Coal Energy Company Limited has declared a final ordinary cash dividend of RMB 0.217 per share for the financial year ended 31 December 2025, with shareholder approval obtained on 26 June 2026. The dividend for Hong Kong shareholders will be...
China Coal Energy Posts Mixed May Output as Coal Chemicals Offset Weaker Mining
Jun 15, 2026
China Coal Energy reported mixed operational data for May 2026, showing a decline in commercial coal production while overall coal sales were broadly stable year on year. Output of self-produced commercial coal fell, and the production value of co...
China Coal Energy Sets 2025 AGM to Approve Results, Dividends and Key Related-Party Deals
May 29, 2026
China Coal Energy has called its 2025 annual general meeting for 26 June 2026 in Beijing, where shareholders will review the 2025 board work report, financial statements and profit distribution proposal. They will also consider authorizing the boa...
China Coal Energy Sets Final 2025 Dividend and Clarifies Tax Treatment
May 29, 2026
China Coal Energy Company Limited has updated details of its proposed final dividend for the financial year ended 31 December 2025, declaring a payout of RMB 0.217 per share subject to shareholder approval on 26 June 2026. The ex-dividend date is ...
China Coal Energy Posts Softer Coal Output as Chemical Sales Show Mixed Trends
May 14, 2026
China Coal Energy reported that in April 2026 both production and sales of commercial coal declined year on year, with output down about 9% and sales down 3%, reflecting softer coal operations compared with the same period in 2025. Coal mining equ...
China Coal Energy Renews Key Connected Transaction Frameworks Through 2029
Apr 27, 2026
China Coal Energy Co has renewed a suite of continuing connected transactions with its controlling shareholder and key affiliate Shanxi Coking Coal for the three years from 1 January 2027 to 31 December 2029, covering coal supply, project design a...
China Coal Energy Profit Slips as Revenue Falls but Cash Flow Surges in Q1 2026
Apr 27, 2026
China Coal Energy reported a decline in first-quarter 2026 revenue and profit, reflecting a softer operating environment for the coal sector. Operational revenue fell 10.9% year on year to RMB34.19 billion, while net profit attributable to shareho...
China Coal Energy Schedules Q1 2026 Results Briefing for Global Investors
Apr 21, 2026
China Coal Energy Company Limited will release its first quarter 2026 results on 27 April 2026 and hold a results briefing the following day, 28 April 2026, from 15:30 to 16:30 Beijing time. The session will be accessible via telephone conference,...
China Coal Energy’s March Data Show Softer Coal Sales but Stronger Chemical and Equipment Performance
Apr 15, 2026
China Coal Energy reported weaker coal operations for March 2026, with commercial coal production down 5.7% year-on-year to 10.97 million tonnes and sales falling 21.4%, reflecting softer demand and possibly tighter market conditions. Sales of sel...
China Coal Energy Schedules Board Meeting to Approve Q1 2026 Results
Apr 13, 2026
China Coal Energy Company Limited has scheduled a board meeting for 27 April 2026 to review and approve the group’s quarterly results for the three months ended 31 March 2026. The announcement, signed by chairman and executive director Wang ...
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.