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Anhui coal mining and coal-fired power generation group operating in the Huainan coalfield.
Anhui coal mining and coal-fired power generation group operating in the Huainan coalfield.
Sells thermal coal to power plants and industrial users and makes electricity from coal, so coal prices, which Chinese government policy on output and price bands strongly influences, drive earnings.
Moat: none (scale). Commodity coal and regulated power generation; a price taker in a cyclical market.
Headquarters: Huainan, Anhui, China · Employees: 14,223
Size Anhui Hengyuan Coal Industry and Electricity Power (600971.SS) is a China Energy company (Coal) with a market value of $1.30B, the 1846th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.23 on 6 Nov 2026.
Performance Over six months the shares fell 12.8%, against -9.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 34.0% over the last twelve months (peer median +3.3%); the operating margin is 3.1% (peer median -1.0%).
Valuation It trades at 22.2× forward earnings against a peer median of 14.8× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.16B | CN¥5.49B | CN¥6.91B | CN¥7.52B | CN¥8.12B |
| Revenue growth | — | -21% | -8% | -7% | — |
| Gross profit | CN¥2.60B | CN¥1.03B | CN¥2.43B | CN¥3.25B | CN¥3.87B |
| EBITDA | n/a | CN¥578M | CN¥2.03B | CN¥2.93B | CN¥3.59B |
| Net income | CN¥197M | -CN¥192M | CN¥1.07B | CN¥2.04B | CN¥2.53B |
| Free cash flow | CN¥1.78B | CN¥18.3M | CN¥410M | CN¥2.37B | CN¥2.14B |
| Capital expenditure | CN¥605M | CN¥595M | CN¥1.03B | CN¥1.21B | CN¥920M |
| Total debt | CN¥5.37B | CN¥5.49B | CN¥2.09B | CN¥2.33B | CN¥2.42B |
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 |
|---|---|---|---|---|---|---|
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 24% | 16.9× | n/a |
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 | 600971.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -15.1% | 10th highest of 21 |
| 6-month return | -12.8% | -9.4% | 10th lowest of 21 |
| Distance from 52-week high | -23.8% | -33.7% | 6th highest of 21 |
| Revenue growth (TTM) | +34.0% | +3.3% | highest of 21 |
| Operating margin | 3.1% | -1.0% | 9th highest of 21 |
| Forward P/E | 22.2× | 14.8× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | -10.2% | -6.4% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +1.6% | +9.4% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -11.7 pp | -17.5 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +0.5 pp | -3.9 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% | +1.6% |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 12.0× | -9.3% | +0.1% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| 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% |
| 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% |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| 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 |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 13% | n/a | -5.8% | +14.7% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | 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 |
| 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% |
| Baotailong New Materials 601011.SS | China | $724M | -20% | +25% | -50% | n/a | 7.7% | -23.9% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |