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Henan state-owned coal mining company producing thermal coal for regional power plants.
Henan state-owned coal mining company producing thermal coal for regional power plants.
Moat: none (scale). Commodity coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Henan, China · Employees: 23,243
Size Henan Dayou Energy (600403.SS) is a China Energy company (Coal) with a market value of $2.04B, the 1243rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.68 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -10.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median +3.3%); the operating margin is -29.3% (peer median 7.3%).
Valuation It trades at 5.11× book value against a peer median of 0.97× (most expensive of 21).
Price implies The share price implies a return on equity of about 43.3%; Henan Dayou Energy delivers -54.5%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.32B | CN¥4.09B | CN¥4.67B | CN¥5.55B | CN¥8.22B |
| Revenue growth | — | -13% | -16% | -32% | — |
| Gross profit | CN¥777M | -CN¥373M | CN¥170M | CN¥712M | CN¥3.38B |
| EBITDA | n/a | -CN¥453M | CN¥397M | CN¥890M | CN¥3.60B |
| Net income | -CN¥1.97B | -CN¥2.02B | -CN¥1.09B | -CN¥481M | CN¥1.55B |
| Free cash flow | -CN¥1.25B | -CN¥711M | -CN¥1.03B | -CN¥316M | CN¥2.20B |
| Capital expenditure | CN¥418M | CN¥385M | CN¥827M | CN¥818M | CN¥891M |
| Total debt | CN¥8.59B | CN¥7.84B | CN¥7.35B | CN¥6.43B | CN¥6.47B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Henan Dayou Energy 600403.SS | $2.04B | -2% | +6% | -54% | 5.11× | 43.3% |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 13% | 2.36× | 6.4% |
| China Coal Energy 601898.SS | $22.6B | -31% | -4% | 11% | 1.02× | 3.3% |
| Pingdingshan Tianan Coal Mining 601666.SS | $2.83B | -10% | +17% | 3% | 0.80× | 5.5% |
| Yankuang Energy 600188.SS | $20.4B | -27% | +21% | 15% | 1.47× | 7.8% |
| Shaanxi Coal Industry 601225.SS | $37.6B | -1% | -8% | 21% | 2.33× | 6.3% |
| Shanxi Lu'An Environmental Energy Development 601699.SS | $6.03B | -17% | -1% | 5% | 0.84× | 5.9% |
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 | 600403.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.4% | -9.5% | 2nd lowest of 21 |
| 6-month return | -1.9% | -10.1% | 7th highest of 21 |
| Return on equity | -54.5% | 3.0% | lowest of 21 |
| Price / book | 5.11× | 0.97× | most expensive of 21 |
| ROE the price implies | 43.3% | 7.3% | most demanding of 21 |
| ROE delivered | -54.5% | 3.0% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -54% | 5.11× | 43.3% | -54.5% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 0.55× | 5.3% | -4.3% |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -11% | 1.19× | 13.1% | -10.9% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -3% | 1.25× | 10.4% | -3.0% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 13% | 1.42× | 8.2% | 13.0% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 9% | 1.25× | 8.6% | 9.5% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 3% | 0.86× | 4.8% | 3.3% |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 5% | 0.79× | 6.5% | 5.1% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 5% | 0.98× | 5.9% | 5.4% |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 16% | 2.37× | 11.0% | 15.9% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | -2% | 0.97× | 9.5% | -2.4% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 3% | 0.80× | 5.5% | 2.7% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 14% | 2.69× | 23.4% | 14.1% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 6% | 1.70× | 9.0% | 6.1% |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | 1% | 0.59× | 4.8% | 1.3% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | -3% | 0.58× | 3.2% | -2.6% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 17% | 1.70× | 8.7% | 16.9% |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 2% | 0.68× | 4.5% | 2.4% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 2% | 0.72× | 4.7% | 1.7% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -1% | 0.63× | 4.0% | -1.4% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 10% | 1.28× | 8.2% | 9.8% |