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Major Chinese thermal coal producer mining and selling coal primarily for power generation and industrial use.
Major Chinese thermal coal producer mining and selling coal primarily for power generation and industrial use.
Sells coal to power and chemical plants, partly under annual long-term contracts with prices kept within a government-guided range and partly at spot prices, so profit follows coal prices and the mix. Its mines sit in Shaanxi's northern Yulin region. A provincial state-owned group controls it.
In one line: China's Peabody Energy.
Moat: narrow (scale, regulatory licence). Large state-allocated mining reserves and scale, though a pure commodity-price-taker business.
Headquarters: Xi'an, China · Founded: 2006 · Employees: 43,455
Size Shaanxi Coal Industry (601225.SS) is a China Energy company (Coal) with a market value of $37.6B, the 47th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.85 on 6 Nov 2026.
Performance Over six months the shares fell 1.1%, against -10.2% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +1.9%); the operating margin is 21.7% (peer median 12.9%).
Valuation It trades at 11.1× forward earnings against a peer median of 11.0× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥163B | CN¥157B | CN¥183B | CN¥181B | CN¥167B |
| Revenue growth | — | -14% | +1% | +9% | — |
| Gross profit | CN¥65.1B | CN¥43.9B | CN¥58.0B | CN¥65.5B | CN¥73.0B |
| EBITDA | n/a | CN¥41.7B | CN¥54.8B | CN¥59.7B | CN¥65.9B |
| Net income | CN¥21.1B | CN¥16.8B | CN¥22.4B | CN¥23.1B | CN¥35.2B |
| Free cash flow | CN¥32.1B | CN¥21.3B | CN¥33.0B | CN¥32.7B | CN¥49.1B |
| Capital expenditure | CN¥18.4B | CN¥17.1B | CN¥13.9B | CN¥13.0B | CN¥10.2B |
| Total debt | CN¥30.1B | CN¥25.7B | CN¥19.0B | CN¥24.5B | CN¥7.54B |
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 |
|---|---|---|---|---|---|---|
| Shaanxi Coal Industry 601225.SS | $37.6B | -1% | -8% | 22% | 11.1× | -15.1% |
| 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% |
| Yankuang Energy 600188.SS | $20.4B | -27% | +21% | 15% | 10.3× | -0.7% |
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 | 601225.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -6.8% | 5th highest of 21 |
| 6-month return | -1.1% | -10.2% | 4th highest of 21 |
| Distance from 52-week high | -9.6% | -24.6% | 2nd highest of 21 |
| Revenue growth (TTM) | -7.9% | +1.9% | 5th lowest of 21 |
| Operating margin | 21.7% | 12.9% | 5th highest of 21 |
| Forward P/E | 11.1× | 11.0× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -15.1% | -5.8% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +10.7% | +4.1% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -25.8 pp | -12.1 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +14.3 pp | +2.1 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shaanxi Coal Industry 601225.SS | China | $37.6B | -1% | -8% | 22% | 11.1× | -15.1% | +10.7% |
| China Coal Energy 1898.HK | Hong Kong | $23.8B | -25% | -11% | 15% | 5.9× | -10.2% | +0.3% |
| Yankuang Energy 1171.HK | Hong Kong | $21.1B | -27% | +33% | 12% | 5.6× | n/a | n/a |
| China Shenhua Energy 601088.SS | China | $151B | +1% | -13% | 24% | 16.9× | n/a | n/a |
| China Shenhua 1088.HK | Hong Kong | $155B | -4% | +34% | 23% | 12.7× | -8.1% | +4.1% |
| Shanxi Lu'An Environmental Energy Development 601699.SS | China | $6.03B | -17% | -1% | 10% | 10.9× | n/a | n/a |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| 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% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |