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← CockpitCompetitor Analysis › 0866.HK China Qinfa Group Ltd.Open in the cockpit ↗

China Qinfa Group Ltd.0866.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Energy›Coal
Momentum neutral 50
Mkt cap
$613M
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$410,829
20-day average traded
Fwd P/E
5.2×
forward earnings
ROIC−WACC
+1.6 pp
WACC 6.3%
Hurdle
n/a
no reverse DCF
Next earnings
145 days
31 Mar 2027
Close · HKDHK$1.83
1D+0.6%
1W-3.9%
1M-2.4%
3M+3.7%
6M-37.1%
YTD-32.0%
1Y-39.6%
ATR %4.3%
52w lowhigh57.8% off high

What China Qinfa does

Employees: 4,089

China Qinfa at a glance

Size China Qinfa (0866.HK) is a Hong Kong Energy company (Coal) with a market value of $613M, the 708th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.83 on 6 Nov 2026.

Performance Over six months the shares fell 37.1%, against -13.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue fell 13.5% over the last twelve months (peer median +0.4%); the operating margin is 23.1% (peer median -4.9%).

Valuation It trades at 5.2× forward earnings against a peer median of 18.3× (cheapest of 9).

Capital Return on invested capital runs 1.6 points above its cost of capital (6.3% WACC).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

40608010011 May 202611 Aug 20266 Nov 2026Peer median 850866.HK 62
Six months, rebased to 100: China Qinfa against the median of its 20 peers (local-currency closes).

China Qinfa financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$2.16BHK$1.99BHK$1.23BHK$3.81BHK$4.41B
Revenue growth—+63%-68%-14%—
Gross profitHK$746MHK$513MHK$366MHK$947MHK$1.47B
EBITDAHK$776MHK$534MHK$299MHK$1.66BHK$2.24B
Net incomeHK$288M-HK$108MHK$538MHK$216MHK$525M
Free cash flow-HK$891M-HK$1.11B-HK$408MHK$433MHK$313M
Capital expenditureHK$2.29BHK$1.68BHK$923MHK$1.20BHK$850M
Total debtn/aHK$2.26BHK$1.44BHK$4.11BHK$4.14B

Quarterly statements and history in the cockpit →

China Qinfa 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%-30%-20%-10%0%-20%-10%0%600758000571600792RE4600725601011600121JSW0975601015METCCAD600997600971600508600123600740MAHSMRNRP0866.HK6-month return →1-month return →
Up and to the right = strong over both horizons. China Qinfa is the large dot.

Fundamentals: revenue growth against valuation

0%+20%10×20×30×RE4600997600971600508600123600740MAHSMR0866.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. China Qinfa is the large dot.

China Qinfa competitors and peer comparison

How China Qinfa 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.

China Qinfa against its 20 peers (data as of 6 Nov 2026)
Measure0866.HKPeer medianRank in peer set
1-month return-2.4%-16.4%4th highest of 21
6-month return-37.1%-13.6%2nd lowest of 21
Distance from 52-week high-57.8%-33.7%2nd lowest of 21
Revenue growth (TTM)-13.5%+0.4%3rd lowest of 20
Operating margin23.1%-4.9%2nd highest of 20
Forward P/E5.2×18.3×cheapest of 9
ROIC minus cost of capital+1.6 pp-5.9 pp3rd highest of 21
EV / EBITDA9.0×5.2×2nd most expensive of 5
Net debt / EBITDA2.0×0.3×most indebted of 5

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
China Qinfa 0866.HKHong Kong$613M-37%-13%23%5.2×n/an/a
Liaoning Energy Industry 600758.SSChina$613M-22%-28%-26%n/an/an/a
Sundiro 000571.SZChina$612M-13%+8%-11%n/a41.3%-10.9%
Yunnan Coal & Energy 600792.SSChina$636M-15%+5%-16%n/a-3.5%+3.1%
Geo Energy Resources RE4.SISingapore$676M-23%-11%11%10.2×n/an/a
Yunnan Yunwei 600725.SSChina$540M-31%-25%-5%n/a34.1%-16.8%
Baotailong New Materials 601011.SSChina$724M-20%+25%-50%n/a7.7%-23.9%
Zhengzhou Coal Industry & Electric Power 600121.SSChina$786M+1%-5%-8%n/a36.0%+5.7%
Jastrzebska Spolka Weglowa JSW.WAPoland$788M-6%-8%-28%n/an/an/a
Mongolian Mining 0975.HKHong Kong$899M-27%+26%13%n/a-5.8%+14.7%
Shaanxi Heimao Coking 601015.SSChina$965M-22%-13%-11%n/an/an/a
Ramaco Resources METCUnited States$366M-58%-6%-14%n/an/an/a
Colonial Coal International CAD.VCanada$346M-3%n/an/an/an/an/a
Kailuan Energy Chemical 600997.SSChina$1.28B-9%+5%-2%26.9×n/an/a
Anhui Hengyuan Coal Industry and Electricity Power 600971.SSChina$1.30B-13%+34%3%22.2×-10.2%+1.6%
Shanghai Datun Energy Resources 600508.SSChina$1.32B+14%+15%4%12.0×-9.3%+0.1%
Shanxi Lanhua Sci-Tech Venture 600123.SSChina$1.34B-14%+8%1%31.1×n/an/a
Shanxi Coking 600740.SSChina$1.34B-19%0%-15%14.6×13.3%-2.7%
Macmahon MAH.AXAustralia$1.35B+6%+8%7%15.1×4.3%+14.1%
Stanmore Resources SMR.AXAustralia$1.54B+5%-6%0%21.5×-9.9%+60.7%
Natural Resource Partners L.P NRPUnited States$1.56B+6%-10%63%n/a-8.1%+9.4%

Questions

Which companies are China Qinfa's closest peers?
The cockpit's peer set: Liaoning Energy Industry (600758.SS), Sundiro (000571.SZ), Yunnan Coal & Energy (600792.SS), Geo Energy Resources (RE4.SI), Yunnan Yunwei (600725.SS), Baotailong New Materials (601011.SS), Zhengzhou Coal Industry & Electric Power (600121.SS), Jastrzebska Spolka Weglowa (JSW.WA).
Is China Qinfa expensive compared with its peers?
On forward p/e it trades at 5.2× against a peer median of 18.3×, cheapest of 9 in its peer set.
How has China Qinfa stock performed?
Over six months to 6 Nov 2026 the shares returned -37.1% against -13.6% for the median peer; over one year -39.6%.

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.