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Guizhou coking-coal miner operating in the Panjiang coalfield, supplying steel and coal-chemical customers.
Guizhou coking-coal miner operating in the Panjiang coalfield, supplying steel and coal-chemical customers.
Sells coking coal, a steelmaking input, to mills mostly in southwestern China under pricing tied to the steel cycle, with thermal coal and coalbed methane as smaller lines. A Guizhou provincial state-owned group controls it.
Moat: none (scale). Commodity coking-coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Liupanshui, Guizhou, China · Employees: 26,631
Size Guizhou Panjiang Refined Coal (600395.SS) is a China Energy company (Coal) with a market value of $1.60B, the 1540th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.97 on 6 Nov 2026.
Performance Over six months the shares fell 10.1%, against -11.4% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +4.2%); the operating margin is 14.5% (peer median 3.7%).
Valuation It trades at 21.9× forward earnings against a peer median of 14.6× (5th most expensive of 16).
Capital Return on invested capital runs 0.1 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¥10.1B | CN¥9.70B | CN¥8.51B | CN¥9.32B | CN¥11.7B |
| Revenue growth | — | +14% | -9% | -21% | — |
| Gross profit | CN¥4.02B | CN¥2.21B | CN¥1.68B | CN¥2.45B | CN¥4.60B |
| EBITDA | n/a | CN¥2.24B | CN¥1.19B | CN¥1.53B | CN¥2.87B |
| Net income | CN¥576M | CN¥329M | CN¥104M | CN¥732M | CN¥2.19B |
| Free cash flow | -CN¥1.89B | -CN¥3.14B | -CN¥9.30B | -CN¥6.38B | -CN¥339M |
| Capital expenditure | CN¥3.99B | CN¥4.10B | CN¥9.64B | CN¥7.88B | CN¥3.92B |
| Total debt | CN¥28.6B | CN¥25.6B | CN¥21.4B | CN¥13.4B | CN¥8.63B |
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 |
|---|---|---|---|---|---|---|
| Guizhou Panjiang Refined Coal 600395.SS | $1.60B | -10% | +6% | 15% | 21.9× | 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 | 600395.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.0% | -12.9% | 3rd highest of 21 |
| 6-month return | -10.1% | -11.4% | 11th highest of 21 |
| Distance from 52-week high | -22.8% | -27.4% | 5th highest of 21 |
| Revenue growth (TTM) | +5.9% | +4.2% | 9th highest of 21 |
| Operating margin | 14.5% | 3.7% | 6th highest of 21 |
| Forward P/E | 21.9× | 14.6× | 5th most expensive of 16 |
| ROIC minus cost of capital | -0.1 pp | -0.2 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| 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 |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% | +14.1% |
| 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% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | 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% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| 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 |
| 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% |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | 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% |