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Jiangsu coal mining company (Xuzhou Mining), one of the few coal producers outside China's major coal provinces.
Jiangsu coal mining company (Xuzhou Mining), one of the few coal producers outside China's major coal provinces.
Sells thermal coal mostly to power plants, with part of its volume under annual contracts whose prices are steered by government benchmarks and the rest at market. Its parent is a provincial state coal group.
Moat: none (scale). Commodity coal producer; a price taker in a cyclical, regulated domestic market.
Headquarters: Xuzhou, Jiangsu, China · Employees: 13,195
Size Jiangsu Xukuang Energy (600925.SS) is a China Energy company (Coal) with a market value of $3.77B, the 683rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.21 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against -10.2% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 19.4% over the last twelve months (peer median +1.8%); the operating margin is 10.3% (peer median 9.4%).
Valuation It trades at 2.3× enterprise value to sales against a peer median of 1.6× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥14.8B | CN¥12.6B | CN¥14.1B | CN¥11.9B | CN¥15.0B |
| Revenue growth | — | -11% | +18% | -21% | — |
| Gross profit | CN¥4.86B | CN¥3.19B | CN¥4.26B | CN¥4.97B | CN¥5.89B |
| EBITDA | n/a | CN¥3.06B | CN¥4.14B | CN¥4.75B | CN¥5.49B |
| Net income | CN¥299M | CN¥225M | CN¥1.39B | CN¥2.40B | CN¥2.72B |
| Free cash flow | CN¥419M | -CN¥1.86B | -CN¥1.40B | -CN¥782M | CN¥236M |
| Capital expenditure | CN¥2.56B | CN¥3.43B | CN¥4.63B | CN¥4.07B | CN¥4.11B |
| Total debt | CN¥13.3B | CN¥12.6B | CN¥13.5B | CN¥12.5B | CN¥12.6B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Jiangsu Xukuang Energy 600925.SS | $3.77B | -10% | +19% | 10% | 2.3× | -2.7% |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 24% | 3.9× | n/a |
| China Coal Energy 601898.SS | $22.6B | -31% | -4% | 18% | 1.1× | -17.0% |
| Yankuang Energy 600188.SS | $20.4B | -27% | +21% | 15% | 2.0× | -0.7% |
| Huaibei Mining 600985.SS | $5.70B | -5% | +9% | 7% | 1.1× | -5.8% |
| Pingdingshan Tianan Coal Mining 601666.SS | $2.83B | -10% | +17% | 8% | 2.2× | n/a |
| Shaanxi Coal Industry 601225.SS | $37.6B | -1% | -8% | 22% | 1.6× | -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 | 600925.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | -11.0% | highest of 21 |
| 6-month return | -10.2% | -10.2% | 11th highest of 21 |
| Distance from 52-week high | -16.1% | -28.3% | highest of 21 |
| Revenue growth (TTM) | +19.4% | +1.8% | 4th highest of 21 |
| Operating margin | 10.3% | 9.4% | 9th highest of 21 |
| EV / Sales | 2.3× | 1.6× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.7% | -5.8% | 5th most demanding of 12 |
| Growth delivered (Del g) | +4.8% | +10.6% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -7.5 pp | -12.9 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | +2.9 pp | +1.1 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | 2.3× | -2.7% | +4.8% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 1.4× | -13.4% | +3.7% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 3.1× | n/a | n/a |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 0.9× | -1.6% | +32.9% |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 1.4× | 4.2% | +28.2% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 1.2× | -16.9% | -10.0% |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 2.6× | n/a | n/a |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 1.8× | -10.0% | +10.6% |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 3.0× | n/a | n/a |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 2.3× | -1.1% | +11.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 2.2× | n/a | n/a |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 0.8× | -2.3% | +10.6% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 1.7× | -6.4% | +2.7% |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 1.1× | -5.8% | -4.7% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 1.9× | -4.2% | -6.0% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 2.3× | -9.6% | +14.4% |
| Shanxi Lu'An Environmental Energy Development 601699.SS | China | $6.03B | -17% | -1% | 10% | 1.2× | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | 1.6× | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | 4.4× | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 0.5× | n/a | n/a |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 0.8× | n/a | n/a |