Employees: 4,089
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$2.16B | HK$1.99B | HK$1.23B | HK$3.81B | HK$4.41B |
| Revenue growth | — | +63% | -68% | -14% | — |
| Gross profit | HK$746M | HK$513M | HK$366M | HK$947M | HK$1.47B |
| EBITDA | HK$776M | HK$534M | HK$299M | HK$1.66B | HK$2.24B |
| Net income | HK$288M | -HK$108M | HK$538M | HK$216M | HK$525M |
| Free cash flow | -HK$891M | -HK$1.11B | -HK$408M | HK$433M | HK$313M |
| Capital expenditure | HK$2.29B | HK$1.68B | HK$923M | HK$1.20B | HK$850M |
| Total debt | n/a | HK$2.26B | HK$1.44B | HK$4.11B | HK$4.14B |
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.
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 | 0866.HK | Peer median | Rank 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 margin | 23.1% | -4.9% | 2nd highest of 20 |
| Forward P/E | 5.2× | 18.3× | cheapest of 9 |
| ROIC minus cost of capital | +1.6 pp | -5.9 pp | 3rd highest of 21 |
| EV / EBITDA | 9.0× | 5.2× | 2nd most expensive of 5 |
| Net debt / EBITDA | 2.0× | 0.3× | most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Qinfa 0866.HK | Hong Kong | $613M | -37% | -13% | 23% | 5.2× | n/a | n/a |
| Liaoning Energy Industry 600758.SS | China | $613M | -22% | -28% | -26% | n/a | n/a | n/a |
| Sundiro 000571.SZ | China | $612M | -13% | +8% | -11% | n/a | 41.3% | -10.9% |
| Yunnan Coal & Energy 600792.SS | China | $636M | -15% | +5% | -16% | n/a | -3.5% | +3.1% |
| Geo Energy Resources RE4.SI | Singapore | $676M | -23% | -11% | 11% | 10.2× | n/a | n/a |
| Yunnan Yunwei 600725.SS | China | $540M | -31% | -25% | -5% | n/a | 34.1% | -16.8% |
| Baotailong New Materials 601011.SS | China | $724M | -20% | +25% | -50% | n/a | 7.7% | -23.9% |
| Zhengzhou Coal Industry & Electric Power 600121.SS | China | $786M | +1% | -5% | -8% | n/a | 36.0% | +5.7% |
| Jastrzebska Spolka Weglowa JSW.WA | Poland | $788M | -6% | -8% | -28% | n/a | n/a | n/a |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 13% | n/a | -5.8% | +14.7% |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| Ramaco Resources METC | United States | $366M | -58% | -6% | -14% | n/a | n/a | n/a |
| Colonial Coal International CAD.V | Canada | $346M | -3% | n/a | n/a | n/a | n/a | n/a |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% | +1.6% |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 12.0× | -9.3% | +0.1% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | 1% | 31.1× | n/a | n/a |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | -15% | 14.6× | 13.3% | -2.7% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% | +14.1% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% | +60.7% |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |