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Shaanxi coking company producing coke and coal-chemical byproducts for the steel industry.
Shaanxi coking company producing coke and coal-chemical byproducts for the steel industry.
Sells coke to steel mills at prices that follow the steel cycle and the price of coking coal, so earnings depend on the spread between coke and coal. Coal by-products such as tar and benzene are sold to chemical buyers and add a smaller stream.
Moat: none (scale). Coking is a commodity, cyclical business tied to steel-industry demand.
Headquarters: Hancheng, Shaanxi, China · Employees: 6,826
Size Shaanxi Heimao Coking (601015.SS) is a China Energy company (Coal) with a market value of $965M, the 2362nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.15 on 6 Nov 2026.
Performance Over six months the shares fell 21.6%, against -12.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 12.9% over the last twelve months (peer median +4.9%); the operating margin is -10.5% (peer median 0.4%).
Valuation It trades at 1.43× book value against a peer median of 0.97× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 12.4%; Shaanxi Heimao Coking delivers -21.1%, so the price asks more than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.59B | CN¥10.1B | CN¥14.6B | CN¥18.5B | CN¥23.1B |
| Revenue growth | — | -30% | -21% | -20% | — |
| Gross profit | CN¥213M | -CN¥545M | -CN¥440M | CN¥302M | CN¥790M |
| EBITDA | n/a | -CN¥84.3M | -CN¥97.3M | CN¥621M | CN¥1.27B |
| Net income | -CN¥1.07B | -CN¥1.18B | -CN¥1.16B | -CN¥512M | CN¥282M |
| Free cash flow | -CN¥1.13B | -CN¥920M | -CN¥280M | CN¥626M | CN¥954M |
| Capital expenditure | CN¥591M | CN¥574M | CN¥791M | CN¥229M | CN¥219M |
| Total debt | CN¥5.92B | CN¥6.73B | CN¥7.72B | CN¥7.72B | CN¥7.85B |
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 |
|---|---|---|---|---|---|---|
| Shaanxi Heimao Coking 601015.SS | $965M | -22% | -13% | -21% | 1.43× | 12.4% |
| China Shenhua Energy 601088.SS | $151B | +1% | -13% | 13% | 2.36× | 6.4% |
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 | 601015.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.8% | -13.8% | 9th lowest of 21 |
| 6-month return | -21.6% | -12.7% | 6th lowest of 21 |
| Return on equity | -21.1% | 0.0% | 5th lowest of 21 |
| Price / book | 1.43× | 0.97× | 9th most expensive of 21 |
| ROE the price implies | 12.4% | 8.4% | 7th most demanding of 21 |
| ROE delivered | -21.1% | 0.0% | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -21% | 1.43× | 12.4% | -21.1% |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 9% | 0.69× | 6.1% | 9.3% |
| Jastrzebska Spolka Weglowa JSW.WA | Poland | $788M | -6% | -8% | -112% | 1.53× | 17.7% | -111.7% |
| Zhengzhou Coal Industry & Electric Power 600121.SS | China | $786M | +1% | -5% | -75% | 7.80× | 63.1% | -75.0% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -1% | 0.63× | 4.0% | -1.4% |
| Baotailong New Materials 601011.SS | China | $724M | -20% | +25% | -10% | 0.91× | 9.1% | -9.9% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 2% | 0.72× | 4.7% | 1.7% |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 2% | 0.68× | 4.5% | 2.4% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | -3% | 0.58× | 3.2% | -2.6% |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | 1% | 0.59× | 4.8% | 1.3% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 14% | 2.69× | 23.4% | 14.1% |
| Geo Energy Resources RE4.SI | Singapore | $676M | -23% | -11% | 4% | 1.19× | 7.7% | 4.2% |
| Yunnan Coal & Energy 600792.SS | China | $636M | -15% | +5% | -40% | 2.24× | 13.9% | -40.2% |
| China Qinfa 0866.HK | Hong Kong | $613M | -37% | -13% | 14% | 1.86× | 10.5% | 14.3% |
| Liaoning Energy Industry 600758.SS | China | $613M | -22% | -28% | -20% | 0.89× | 6.0% | -19.8% |
| Sundiro 000571.SZ | China | $612M | -13% | +8% | -129% | 52.40× | 292.4% | -129.1% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | -2% | 0.97× | 9.5% | -2.4% |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 16% | 2.37× | 11.0% | 15.9% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 5% | 0.98× | 5.9% | 5.4% |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 5% | 0.79× | 6.5% | 5.1% |
| Yunnan Yunwei 600725.SS | China | $540M | -31% | -25% | -10% | 14.04× | 111.5% | -9.9% |