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← CockpitCompetitor Analysis › 000968.SZ Shanxi Blue Flame Holding Company Limited Class AOpen in the cockpit ↗

Shanxi Blue Flame Holding Company Limited Class A000968.SZCompetitor analysis, valuation and peers

China · CNY·Energy›Integrated Oil
Momentum neutral 44
Mkt cap
$961M
US dollars, full cap
Free float
35%
of shares outstanding
$/day
$20.3M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+2.3 pp
WACC 5.0%
Hurdle
-15 pp
Req g minus delivered
Close · CNYCN¥6.62
1D-1.3%
1W-3.2%
1M-7.5%
3M-5.4%
6M-27.6%
YTD+0.1%
1Y-13.8%
ATR %3.5%
52w lowhigh45.6% off high

What Shanxi Blue Flame does

Employees: 2,154

Shanxi Blue Flame at a glance

Size Shanxi Blue Flame (000968.SZ) is a China Energy company (Integrated Oil) with a market value of $961M, the 2376th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.62 on 6 Nov 2026.

Performance Over six months the shares fell 27.6%, against -7.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 1.1% over the last twelve months (peer median +23.2%); the operating margin is 14.5% (peer median 23.0%).

Valuation It trades at 4.0× enterprise value to sales against a peer median of 2.2× (5th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.3 points above its cost of capital (5.0% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 92000968.SZ 75
Six months, rebased to 100: Shanxi Blue Flame against the median of its 20 peers (local-currency closes).

Shanxi Blue Flame financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥2.01BCN¥2.10BCN¥2.20BCN¥2.34BCN¥2.46B
Revenue growth—-5%-6%-5%—
Gross profitCN¥1.16BCN¥636MCN¥708MCN¥780MCN¥874M
EBITDAn/aCN¥954MCN¥1.03BCN¥1.06BCN¥1.00B
Net incomeCN¥324MCN¥335MCN¥434MCN¥540MCN¥563M
Free cash flowCN¥623MCN¥452MCN¥411MCN¥355MCN¥16.3M
Capital expenditureCN¥658MCN¥763MCN¥689MCN¥773MCN¥909M
Total debtCN¥2.61BCN¥3.51BCN¥4.19BCN¥4.47BCN¥3.90B

Quarterly statements and history in the cockpit →

Shanxi Blue Flame competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%SOILREPXTBN1907300191300483ECINRKOSTXOLGNBIR600759GFR0467MNR001331OKEA002960000968.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Shanxi Blue Flame is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×2×4×6×SOILREPX1907300191300483ECINRKOSTXOLGNBIR600759GFR0467KEL001331OKEA002960000968.SZRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanxi Blue Flame is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%0%50%100%150%SOILREPX300483ECTXOBIR000968.SZGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shanxi Blue Flame is the large dot.

Shanxi Blue Flame competitors and peer comparison

How Shanxi Blue Flame compares with its peers

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.

Shanxi Blue Flame against its 20 peers (data as of 6 Nov 2026)
Measure000968.SZPeer medianRank in peer set
1-month return-7.5%-7.6%11th highest of 21
6-month return-27.6%-7.5%5th lowest of 21
Distance from 52-week high-45.6%-27.2%6th lowest of 21
Revenue growth (TTM)-1.1%+23.2%5th lowest of 20
Operating margin14.5%23.0%5th lowest of 20
EV / Sales4.0×2.2×5th most expensive of 20
Growth the price implies (Req g, 7 yrs)-6.8%-9.3%4th most demanding of 11
Growth delivered (Del g)+7.9%+10.7%5th lowest of 11
Hurdle (Req g minus delivered)-14.7 pp-18.9 pp5th most demanding of 11
ROIC minus cost of capital+2.3 pp+2.4 pp10th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Shanxi Blue Flame 000968.SZChina$961M-28%-1%14%4.0×-6.8%+7.9%
Saturn Oil & Gas SOIL.TOCanada$941M+13%+6%28%2.2×-13.8%+161.8%
Riley Exploration Permian REPXUnited States$913M+24%+23%39%2.4×-7.1%+164.3%
Tamboran Resources TBNUnited States$1.01B-19%n/an/an/an/an/a
China Risun 1907.HKHong Kong$841M-45%-2%3%1.1×n/an/a
Sino Geophysical 300191.SZChina$1.10B-47%+136%14%6.9×n/an/a
Sino Prima Gas Technology 300483.SZChina$1.11B-15%+40%24%2.5×-8.7%+13.3%
Totalenergies EP Gabon EC.PAFrance$1.14B-5%-13%25%1.8×-10.7%-0.6%
Infinity Natural Resources INRUnited States$811M-17%+75%44%4.5×n/an/a
Kosmos Energy KOSUnited States$1.26B-23%+23%23%2.2×-6.4%+9.9%
TXO Partners, L.P TXOUnited States$728M+7%+50%23%1.9×-13.3%+36.9%
Logan Energy LGN.VCanada$726M+61%+64%28%5.5×n/an/a
Birchcliff Energy BIR.TOCanada$1.29B+3%+10%20%3.3×1.9%+5.8%
Geo-Jade Petroleum 600759.SSChina$1.33B-54%+42%30%4.1×-0.7%+2.8%
Greenfire Resources GFR.TOCanada$1.36B+3%-2%17%3.1×n/an/a
United Energy 0467.HKHong Kong$1.44B-10%+28%14%0.5×n/an/a
Kelt Exploration KEL.TOCanada$1.45B+4%+30%17%3.8×n/an/a
Mach Natural Resources LP MNRUnited States$1.50B-35%+39%22%1.9×-10.0%+2.9%
Senton Energy 001331.SZChina$1.75B-24%-24%-1%2.2×n/an/a
Okea OKEA.OLNorway$513M+19%+2%36%0.4×n/an/a
Hankook Shell Oil 002960.KSSouth Korea$500M+3%+4%16%1.9×-10.0%+11.5%

Questions

Which companies are Shanxi Blue Flame's closest peers?
The cockpit's peer set: Saturn Oil & Gas (SOIL.TO), Riley Exploration Permian (REPX), Tamboran Resources (TBN), China Risun (1907.HK), Sino Geophysical (300191.SZ), Sino Prima Gas Technology (300483.SZ), Totalenergies EP Gabon (EC.PA), Infinity Natural Resources (INR).
Is Shanxi Blue Flame expensive compared with its peers?
On ev / sales it trades at 4.0× against a peer median of 2.2×, 5th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.
How has Shanxi Blue Flame stock performed?
Over six months to 6 Nov 2026 the shares returned -27.6% against -7.5% for the median peer; over one year -13.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.