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Chinese coking-coal producer in Shanxi, part of the state-owned Shougang steel group.
Chinese coking-coal producer in Shanxi, part of the state-owned Shougang steel group.
Mines coking coal, the grade steelmakers turn into coke, and washes it before selling to steel mills, with Shougang Group steel plants among regular buyers. Prices follow China's steel cycle, so earnings move with it.
Moat: narrow (scale, installed base). Established Shanxi coking-coal reserves and ties to parent Shougang steel group demand.
Headquarters: Shanxi, China · Employees: 3,999
Size Shougang Fushan Resources (0639.HK) is a Hong Kong Energy company (Coal) with a market value of $1.66B, the 465th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.55 on 6 Nov 2026.
Performance Over six months the shares fell 4.1%, against -11.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 33.0% over the last twelve months (peer median +4.2%); the operating margin is 19.8% (peer median 3.7%).
Valuation It trades at 10.4× forward earnings against a peer median of 15.1× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.0 points above its cost of capital (7.4% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$6.20B | HK$5.06B | HK$5.14B | HK$5.89B | HK$8.21B |
| Revenue growth | — | -2% | -13% | -28% | — |
| Gross profit | HK$1.56B | HK$1.08B | HK$2.65B | HK$3.47B | HK$5.22B |
| EBITDA | HK$1.90B | HK$1.37B | HK$2.88B | HK$3.75B | HK$5.45B |
| Net income | HK$817M | HK$632M | HK$1.49B | HK$1.89B | HK$2.72B |
| Free cash flow | HK$1.58B | HK$634M | HK$2.09B | HK$4.33B | HK$3.60B |
| Capital expenditure | HK$310M | HK$359M | HK$448M | HK$507M | HK$386M |
| Total debt | n/a | HK$37.3M | HK$43.7M | HK$43.8M | HK$32.1M |
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 |
|---|---|---|---|---|---|---|
| Shougang Fushan Resources 0639.HK | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% |
| Mongolian Mining 0975.HK | $899M | -27% | +26% | 13% | n/a | -5.8% |
| China Coal Energy 1898.HK | $23.8B | -25% | -11% | 15% | 5.9× | -10.2% |
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 | 0639.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.3% | -12.9% | 7th highest of 21 |
| 6-month return | -4.1% | -11.5% | 7th highest of 21 |
| Distance from 52-week high | -27.1% | -27.2% | 11th highest of 21 |
| Revenue growth (TTM) | +33.0% | +4.2% | 2nd highest of 21 |
| Operating margin | 19.8% | 3.7% | 4th highest of 21 |
| Forward P/E | 10.4× | 15.1× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -17.3% | -6.4% | least demanding of 12 |
| Growth delivered (Del g) | +4.8% | +11.0% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -22.1 pp | -12.1 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +2.0 pp | -0.2 pp | 6th highest of 21 |
| EV / EBITDA | 2.8× | 7.3× | cheapest of 9 |
| Net debt / EBITDA | -5.1× | 0.0× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 21.9× | n/a | n/a |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% | +60.7% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% | +14.1% |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | -15% | 14.6× | 13.3% | -2.7% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | 1% | 31.1× | n/a | n/a |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 12.0× | -9.3% | +0.1% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% | +1.6% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 13% | n/a | -5.8% | +14.7% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |