Nan Nan Resources Enterprise

What Nan Nan Resources Enterprise does

Nan Nan Resources Enterprise is a Hong Kong-listed investment holding company with three reported segments: coal mining and sales; renewable-energy solutions and solar power-station development; and IT outsourcing, consulting, and technical services. Coal is the primary activity and is sold directly to industrial and energy customers from the Kaiyuan and Zexu open-pit operations in Xinjiang. The renewable-energy operation is conducted through NEFIN Technologies (Malaysia), and the IT operation serves corporate clients in Hong Kong, the UK, Malaysia, and Singapore.

The company uses direct B2B selling and service delivery. Available revenue classifications characterize coal as one-time sales, renewable energy as recurring subscription revenue, and IT as professional-services revenue. Its disclosed operating stack consists of open-pit coal extraction, solar power development, and IT outsourcing and consulting infrastructure, with no proprietary product or platform claim stated. Source basis:.

Name

Nan Nan Resources Enterprise

Legal name

Nan Nan Resources Enterprise Limited

Website

https://nannanlisted.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Nan Nan Resources Enterprise is a Hong Kong-listed investment holding company focused on coal mining and sales in Xinjiang, with renewable-energy and IT-services businesses serving corporate clients across Asian and European markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Central and Western

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Coal Mining and Sales: Revenue generated from coal mining, sales and distribution through two open-pit coal mines in Xinjiang, China - Kaiyuan (凱源) and Zexu (澤旭) mines. The company focuses on coal resource extraction as its primary business.
2. Renewable Energy Solutions: Revenue from renewable energy solutions and solar power station development through subsidiary NEFIN Technologies (Malaysia) Sdn. Bhd.
3. IT Outsourcing and Consulting: Revenue from providing IT outsourcing, consulting and technical services through subsidiary Hong Kong Maritime Holdings Limited (港海控股有限公司) operating in Hong Kong, UK, Malaysia, and Singapore.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Nan Nan Resources Enterprise is an investment holding company operating three core business segments: (i) coal mining and sales through two open-pit coal mines (Kaiyuan and Zexu) in Xinjiang's Changji Prefecture, China; (ii) renewable energy solutions and solar power station development operated via NEFIN Technologies (Malaysia) Sdn. Bhd.; and (iii) IT outsourcing, consulting and technical services provided across Hong Kong, the UK, Malaysia and Singapore. Coal resource extraction remains the company's primary business focus.

Product overview

Nan Nan Resources Enterprise Limited is an investment holding company listed on the Hong Kong Stock Exchange (Stock Code: 1229) operating three distinct business segments: (1) Coal Mining and Sales — involving coal mining, sales and distribution through two open-pit coal mines in Xinjiang, China (Kaiyuan and Zexu); (2) Renewable Energy Solutions — solar power station development and renewable energy solutions through NEFIN Technologies (Malaysia); and (3) IT Outsourcing, Consulting and Technical Services — providing IT services across Hong Kong, UK, Malaysia, and Singapore through Ganghai Holdings. The company has expanded beyond its original coal mining focus to diversify into technology and renewable energy sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Mining and Sales
• Renewable Energy Solutions Renewable energy solutions and solar power station development services operated through NEFIN Technologies (Malaysia) Sdn. Bhd., a wholly-owned subsidiary of New Energy Leasing Technology Limited.
• IT Outsourcing, Consulting and Technical Services IT outsourcing, consulting and technical services provided to corporate clients across Hong Kong, the UK, Malaysia and Singapore through Hong Kong Maritime Holdings Limited (港海控股有限公司) and its subsidiaries.

Quantifiable outcome

• Revenue declined 51.13% from HK$110.71 million to HK$54.10 million in FY26
• +2 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Hong Kong Maritime Holdings Limited (港海控股有限公司)coreStrategic or Co-development Partner · 1 April 2019In April 2019, the company completed acquisition of 80.86% equity in Hong Kong Maritime Holdings Limited. The subsidiary's business primarily provides IT outsourcing, consulting and technical services in Hong Kong, UK, Malaysia, and Singapore.
• New Energy Finance Leasing Technology Limited (新能源租賃科技有限公司)coreStrategic or Co-development Partner · 1 October 2018In October 2018, the company completed acquisition of 90% equity in New Energy Finance Leasing Technology Limited (incorporated in Hong Kong), strengthening its innovation and renewable energy business. The company has a direct wholly-owned subsidiary NEFIN Technologies (Malaysia) Sdn. Bhd. engaging in renewable energy solutions and solar power station development.
• Star Power Global International Investment Limited (星力富鑫國際投資有限公司)coreStrategic or Co-development Partner · 1 January 2010In 2010, the company completed acquisition of 100% equity in Star Power Global International Investment Limited (incorporated in British Virgin Islands), indirectly holding Mingji Kaiyuan Investment Limited (明基凱源投資有限公司) which owns two coal mines in Xinjiang Changji Prefecture, China. This acquisition established the company's coal mining business foundation.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• CITIC Limited: Major Hong Kong-listed conglomerate with operations spanning resources, energy, and services. Comparable to Nan Nan's diversified holding company structure across coal, renewables, and IT, although at vastly larger scale.
• China Coal Energy: Major Chinese coal producer listed on HKEX, providing a comparable benchmark for coal mining economics, regulatory dynamics, and capital market valuation applied to similar coal assets in China.
• China Power International Development: Hong Kong-listed power generator including coal-fired and renewable energy assets. Comparable in combining conventional fossil-fuel generation with renewable energy expansion, providing a benchmark for the strategic transition Nan Nan is attempting.
• China Shenhua Energy: Largest coal producer in China and a major HK-listed energy incumbent. Not directly comparable in scale but provides a relevant benchmark for coal pricing, regulatory environment, and the long-term valuation framework applicable to Nan Nan's coal business.

Direct peers

• Banpu Public Company: Thailand-listed integrated energy company with both coal mining operations and renewable energy investments. Highly comparable to Nan Nan's diversified coal + renewables structure, providing a useful peer for the company's blended business model.
• SouthGobi Resources: Hong Kong-listed coal mining company operating in Mongolia, similar in size and stage to Nan Nan's coal segment. Both are small-cap coal producers listed on HKEX with single-region operations, making it a directly comparable peer for the Kaiyuan and Zexu open-pit mines.
• Yanzhou Coal Mining: Large Chinese thermal coal producer listed on HKEX with significant mining operations. Although larger in scale, it is directly comparable as a coal-focused, China-anchored, HK-listed miner serving industrial and energy customers like Nan Nan.
• Chinasoft International: Hong Kong-listed IT outsourcing and consulting services provider with operations across China and Southeast Asia. Directly comparable to Nan Nan's Ganghai Holdings subsidiary, which provides similar IT outsourcing and consulting services across Hong Kong, Malaysia, Singapore, and the UK.
• Concord New Energy: Hong Kong-listed renewable energy company focused on wind and solar power station development. Comparable to Nan Nan's NEFIN Technologies subsidiary in business focus, scale, and HKEX listing, making it the closest renewable energy peer.

Regional players

• Towngas Smart Energy: Hong Kong-listed energy company focused on gas, renewable energy, and smart energy solutions. Comparable to Nan Nan's diversification into renewable energy and the broader Hong Kong/China energy ecosystem, though with a more advanced renewables portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat1 record

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/nan-nan-resources-enterprise-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nan Nan Resources Enterprise