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Large Shanxi state-owned coal group producing and processing thermal and coking coal.
Large Shanxi state-owned coal group producing and processing thermal and coking coal.
Sells thermal and coking coal at market-linked prices, with part of its volume under annual supply contracts to power utilities and steelmakers whose prices are steered by government benchmarks. Its parent is a provincial government coal group, and Shanxi is China's main coal-producing base.
Moat: none (scale). Commodity coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Shanxi, China · Employees: 14,353
Size Shanxi Coal International Energy (600546.SS) is a China Energy company (Coal) with a market value of $3.29B, the 787th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.08 on 6 Nov 2026.
Performance Over six months the shares fell 21.2%, against -10.2% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 9.9% over the last twelve months (peer median +3.3%); the operating margin is 21.0% (peer median 9.4%).
Valuation It trades at 9.9× forward earnings against a peer median of 11.0× (6th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is -10%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.4 points above its cost of capital (5.7% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.7B | CN¥20.3B | CN¥29.4B | CN¥35.4B | CN¥44.1B |
| Revenue growth | — | -31% | -17% | -20% | — |
| Gross profit | CN¥9.55B | CN¥6.95B | CN¥9.19B | CN¥12.5B | CN¥18.4B |
| EBITDA | n/a | CN¥5.09B | CN¥6.87B | CN¥11.9B | CN¥17.9B |
| Net income | CN¥1.65B | CN¥1.17B | CN¥2.27B | CN¥4.26B | CN¥6.93B |
| Free cash flow | CN¥3.43B | CN¥2.14B | CN¥1.84B | CN¥4.05B | CN¥12.6B |
| Capital expenditure | CN¥1.21B | CN¥1.22B | CN¥1.90B | CN¥1.95B | CN¥1.65B |
| Total debt | CN¥6.50B | CN¥6.47B | CN¥6.37B | CN¥5.70B | CN¥7.65B |
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 Coal International Energy 600546.SS | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% |
| 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% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% |
| Shanxi Coking Coal Energy 000983.SZ | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% |
| Shanxi Lu'An Environmental Energy Development 601699.SS | $6.03B | -17% | -1% | 10% | 10.9× | n/a |
| Shaanxi Coal Industry 601225.SS | $37.6B | -1% | -8% | 22% | 11.1× | -15.1% |
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 | 600546.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -9.4% | 3rd lowest of 21 |
| 6-month return | -21.2% | -10.2% | 3rd lowest of 21 |
| Distance from 52-week high | -29.6% | -27.0% | 9th lowest of 21 |
| Revenue growth (TTM) | -9.9% | +3.3% | 3rd lowest of 21 |
| Operating margin | 21.0% | 9.4% | 5th highest of 21 |
| Forward P/E | 9.9× | 11.0× | 6th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -16.9% | -5.0% | least demanding of 13 |
| Growth delivered (Del g) | -10.0% | +10.6% | lowest of 13 |
| Hurdle (Req g minus delivered) | -6.9 pp | -15.0 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | +12.4 pp | +1.1 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |