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Shanxi coal-and-coking group that is also diversifying into hydrogen fuel-cell and new-energy-vehicle ventures.
Shanxi coal-and-coking group that is also diversifying into hydrogen fuel-cell and new-energy-vehicle ventures.
Mines or buys coking coal and sells coal and coke to steel mills at prices that track the steel cycle, so profit depends on the gap between coal and coke prices as well as volume. Hydrogen and fuel-cell ventures are exploratory and not yet a meaningful earnings source.
Moat: none (scale). Core business is commodity coal and coking; new-energy ventures are early-stage diversification.
Headquarters: Lvliang, Shanxi, China · Employees: 7,768
Size Shanxi Meijin Energy (000723.SZ) is a China Energy company (Coal) with a market value of $2.15B, the 1183rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.24 on 6 Nov 2026.
Performance Over six months the shares fell 27.4%, against -9.4% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +4.2%); the operating margin is -8.1% (peer median 7.3%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.9× (10th cheapest of 21).
Capital Return on invested capital runs 5.8 points below its cost of capital (6.7% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥17.3B | CN¥17.9B | CN¥19.0B | CN¥20.8B | CN¥24.5B |
| Revenue growth | — | -6% | -9% | -15% | — |
| Gross profit | CN¥2.00B | CN¥731M | CN¥909M | CN¥2.17B | CN¥4.91B |
| EBITDA | n/a | CN¥1.27B | CN¥1.00B | CN¥2.31B | CN¥4.83B |
| Net income | -CN¥1.40B | -CN¥1.12B | -CN¥1.14B | CN¥289M | CN¥2.21B |
| Free cash flow | -CN¥266M | -CN¥447M | -CN¥2.29B | -CN¥4.56B | CN¥552M |
| Capital expenditure | CN¥1.18B | CN¥2.00B | CN¥3.23B | CN¥5.51B | CN¥2.67B |
| Total debt | CN¥15.6B | CN¥16.5B | CN¥17.7B | CN¥15.9B | CN¥11.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shanxi Meijin Energy 000723.SZ | $2.15B | -27% | -2% | -8% | 1.6× | n/a |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 24% | 3.9× | n/a |
| China Coal Energy 601898.SS | $22.6B | -31% | -4% | 18% | 1.1× | -17.0% |
| Shanxi Coking Coal Energy 000983.SZ | $5.38B | -10% | -5% | 9% | 1.7× | -6.4% |
| Shaanxi Heimao Coking 601015.SS | $965M | -22% | -13% | -11% | 1.3× | n/a |
| Shanxi Lu'An Environmental Energy Development 601699.SS | $6.03B | -17% | -1% | 10% | 1.2× | n/a |
| Pingdingshan Tianan Coal Mining 601666.SS | $2.83B | -10% | +17% | 8% | 2.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000723.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -11.5% | 9th highest of 21 |
| 6-month return | -27.4% | -9.4% | 2nd lowest of 21 |
| Distance from 52-week high | -44.8% | -26.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | -1.6% | +4.2% | 7th lowest of 21 |
| Operating margin | -8.1% | 7.3% | 3rd lowest of 21 |
| EV / Sales | 1.6× | 1.9× | 10th cheapest of 21 |
| ROIC minus cost of capital | -5.8 pp | +0.6 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | 1.6× | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | 4.4× | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 0.5× | n/a | n/a |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 2.3× | -9.6% | +14.4% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 0.8× | n/a | n/a |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 1.9× | -4.2% | -6.0% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 2.9× | -6.4% | +11.5% |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 0.9× | -17.3% | +4.8% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 2.2× | n/a | n/a |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 3.7× | n/a | n/a |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | 7.8× | -8.1% | +9.4% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 1.1× | -9.9% | +60.7% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 2.3× | -1.1% | +11.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 1.8× | -10.0% | +10.6% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 1.2× | -16.9% | -10.0% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 0.8× | 4.3% | +14.1% |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | -15% | 2.6× | 13.3% | -2.7% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | 1% | 2.0× | n/a | n/a |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 1.1× | -9.3% | +0.1% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 1.3× | -10.2% | +1.6% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 0.5× | n/a | n/a |