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One of Hebei province's largest state-owned coal mining groups, producing thermal and coking coal.
One of Hebei province's largest state-owned coal mining groups, producing thermal and coking coal.
Sells thermal coal to power plants and coking coal to steel mills at prices that follow China's domestic market, so income moves with coal and steel demand. The Hebei provincial state-owned Jizhong Energy Group is the parent.
Moat: none (scale). Commodity coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Xingtai, Hebei, China · Employees: 35,588
Size Jizhong Energy Resources (000937.SZ) is a China Energy company (Coal) with a market value of $2.48B, the 1041st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.25 on 6 Nov 2026.
Performance Over six months the shares fell 16.8%, against -8.3% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +3.3%); the operating margin is 7.6% (peer median 14.1%).
Valuation It trades at 15.2× forward earnings against a peer median of 10.5× (5th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.7B | CN¥15.1B | CN¥18.6B | CN¥24.2B | CN¥34.8B |
| Revenue growth | — | -19% | -23% | -31% | — |
| Gross profit | CN¥5.55B | CN¥3.54B | CN¥5.61B | CN¥8.30B | CN¥9.84B |
| EBITDA | n/a | CN¥3.26B | CN¥4.74B | CN¥6.98B | CN¥9.31B |
| Net income | CN¥626M | CN¥613M | CN¥1.21B | CN¥4.94B | CN¥4.46B |
| Free cash flow | CN¥953M | -CN¥68.2M | CN¥20.8M | CN¥2.31B | CN¥4.38B |
| Capital expenditure | CN¥1.93B | CN¥2.28B | CN¥2.65B | CN¥2.37B | CN¥1.31B |
| Total debt | CN¥23.3B | CN¥21.8B | CN¥19.4B | CN¥16.8B | CN¥14.4B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jizhong Energy Resources 000937.SZ | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 24% | 16.9× | n/a |
| China Coal Energy 601898.SS | $22.6B | -31% | -4% | 18% | 9.2× | -17.0% |
| Shanxi Coking Coal Energy 000983.SZ | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% |
| Huaibei Mining 600985.SS | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% |
| Pingdingshan Tianan Coal Mining 601666.SS | $2.83B | -10% | +17% | 8% | 14.4× | n/a |
| Yankuang Energy 600188.SS | $20.4B | -27% | +21% | 15% | 10.3× | -0.7% |
| Shaanxi Coal Industry 601225.SS | $37.6B | -1% | -8% | 22% | 11.1× | -15.1% |
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 | 000937.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | -9.4% | 6th highest of 21 |
| 6-month return | -16.8% | -8.3% | 6th lowest of 21 |
| Distance from 52-week high | -26.4% | -27.4% | 10th highest of 21 |
| Revenue growth (TTM) | +7.0% | +3.3% | 7th highest of 21 |
| Operating margin | 7.6% | 14.1% | 7th lowest of 21 |
| Forward P/E | 15.2× | 10.5× | 5th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | -4.2% | -8.9% | 5th most demanding of 13 |
| Growth delivered (Del g) | -6.0% | +10.8% | 2nd lowest of 13 |
| Hurdle (Req g minus delivered) | +1.8 pp | -19.3 pp | most demanding of 13 |
| ROIC minus cost of capital | +0.8 pp | +0.9 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 21.9× | n/a | n/a |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% | +60.7% |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |