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Shanxi anthracite coal miner also producing coal-chemical products such as fertilizer and coke.
Shanxi anthracite coal miner also producing coal-chemical products such as fertilizer and coke.
Mines high-grade anthracite, sold into power and chemicals, while its coal-chemical plants turn coal into fertiliser and other chemicals, so coal prices and domestic energy policy drive both lines. It is part of the Jinneng group's anthracite operations in Shanxi.
Moat: none (scale). Commodity coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Jincheng, Shanxi, China · Employees: 18,372
Size Shanxi Lanhua Sci-Tech Venture (600123.SS) is a China Energy company (Coal) with a market value of $1.34B, the 1809th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.06 on 6 Nov 2026.
Performance Over six months the shares fell 14.4%, against -9.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +3.3%); the operating margin is 1.2% (peer median -1.0%).
Valuation It trades at 31.1× forward earnings against a peer median of 14.8× (most expensive of 13).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.64B | CN¥8.10B | CN¥10.8B | CN¥13.2B | CN¥14.0B |
| Revenue growth | — | -25% | -18% | -6% | — |
| Gross profit | CN¥3.94B | CN¥1.32B | CN¥1.97B | CN¥5.28B | CN¥7.37B |
| EBITDA | n/a | CN¥1.07B | CN¥2.78B | CN¥4.59B | CN¥6.28B |
| Net income | -CN¥407M | -CN¥540M | CN¥718M | CN¥2.10B | CN¥3.22B |
| Free cash flow | -CN¥195M | -CN¥8.51B | CN¥2.24B | CN¥2.04B | CN¥5.19B |
| Capital expenditure | CN¥1.72B | CN¥8.17B | CN¥484M | CN¥631M | CN¥506M |
| Total debt | CN¥15.5B | CN¥15.2B | CN¥8.22B | CN¥8.25B | CN¥8.82B |
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 |
|---|---|---|---|---|---|---|
| Shanxi Lanhua Sci-Tech Venture 600123.SS | $1.34B | -14% | +8% | 1% | 31.1× | n/a |
| 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% |
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 | 600123.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.3% | -15.1% | 9th highest of 21 |
| 6-month return | -14.4% | -9.4% | 9th lowest of 21 |
| Distance from 52-week high | -20.3% | -33.7% | 3rd highest of 21 |
| Revenue growth (TTM) | +8.2% | +3.3% | 6th highest of 21 |
| Operating margin | 1.2% | -1.0% | 10th highest of 21 |
| Forward P/E | 31.1× | 14.8× | most expensive of 13 |
| ROIC minus cost of capital | -1.0 pp | -3.9 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| 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 |
| 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% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 21.9× | n/a | n/a |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| 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 |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 13% | n/a | -5.8% | +14.7% |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Jastrzebska Spolka Weglowa JSW.WA | Poland | $788M | -6% | -8% | -28% | n/a | n/a | n/a |
| Zhengzhou Coal Industry & Electric Power 600121.SS | China | $786M | +1% | -5% | -8% | n/a | 36.0% | +5.7% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Baotailong New Materials 601011.SS | China | $724M | -20% | +25% | -50% | n/a | 7.7% | -23.9% |