Shougang Fushan Resources Group

What Shougang Fushan Resources Group does

Shougang Fushan Resources Group Limited (SEHK: 00639) is a Hong Kong-incorporated, publicly listed coking coal mining company that extracts and sells coal products primarily serving industrial and energy-sector clients in China. Founded in 1985 and headquartered in Wan Chai, Hong Kong, the company operates with a workforce of 1,001–5,000 employees and a vertically integrated business model focused on coal mining operations.

In FY2023, the company generated HK$5,891,068 thousand of revenue, a 28% decline from HK$8,214,719 thousand in 2022, reflecting softer coking coal pricing. Net profit fell 30% to HK$2,300,938 thousand and EBITDA stood at HK$3,924,133 thousand; gross margin compressed from 64% to 59%. Despite the cyclical pressure, the balance sheet remained debt-free with zero borrowings, cash and term deposits of HK$7,944,731 thousand (up 32% YoY), total assets of HK$22,491,544 thousand, and total equity of HK$18,470,518 thousand.

The company is publicly traded on the Hong Kong Stock Exchange under SEHK rules, with active investor relations including monthly returns, AGM voting disclosures, and electronic dissemination of corporate communications that took effect on 17 April 2025. The "Shougang" brand affiliation suggests potential linkage to the Shougang Group steel and mining conglomerate, though no controlling parent is identified in available sources. Recent corporate actions include a National May 1st Labor Award in 2026 and a connected transaction for a proposed property purchase announced on 25 June 2026.

Name

Shougang Fushan Resources Group

Legal name

Shougang Fushan Resources Group Limited

Website

https://shougang-resources.com.hk

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shougang Fushan Resources Group Limited is a Hong Kong-listed coking coal miner that extracts and sells coal products primarily serving industrial and energy-sector clients in China, operating with a debt-free balance sheet and a strong cash position.

Ownership category

akta.pro rank

Product category

Coking Coal Mining

NAICS

Underground Coal Mining (212115), Surface Coal Mining (212114), Coal Mining (2121)

SIC

Bituminous Coal & Lignite Mining (1220), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industries

Coal Marketing & Trading (IMAKAIAK), Coal Extraction Operations (Surface & Underground) (IMAKAIAG), Coal Preparation & Beneficiation (Washing, Crushing, Screening) (IMAKAIAH)

Keywords

• Coking coal mining
• Coal production
• Coal resources extraction
• Industrial coal supply
• Raw coal sales

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

Shougang Fushan Resources Group operates coal mines in China and is engaged in the mining and sale of coking coal products. Its core business centers on raw coal production and resources extraction, supplying coking coal to industrial clients in the steel manufacturing and broader energy sectors. Revenue is generated predominantly through product sales of its own mined coal rather than via services or licensing.

Product overview

Shougang Fushan Resources Group Limited is a coal mining company. The company operates coal mines and sells coal products. Based on the available source material, the company structure consists of a main corporate website with sections covering corporate profile, business overview, coal mines overview, and major clients. The primary business activity is coal mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Mining Operations

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Peabody Energy: Largest US coal producer with significant metallurgical coal exposure and global seaborne market presence. Comparable coking coal focus but geographically distinct.
• Arch Resources: US-listed metallurgical coal producer with leading coking coal position. Comparable product mix (coking coal) but operates in the Western US and seaborne markets rather than China.

Direct peers

• China Coal Energy: Major Chinese coal producer with significant coking coal output and integrated coal-to-chemicals operations. Direct peer in Hong Kong-listed Chinese coal mining space.
• Mongolian Mining Corporation: Hong Kong-listed producer of coking coal from Mongolia, supplying primarily Chinese and Asian steel mills. Comparable HK-listed coking coal miner targeting the same customer base.
• Inner Mongolia Yitai Coal: Chinese coal producer listed in Hong Kong, with thermal and coking coal operations. Comparable HK-listed Chinese coal mining peer with similar governance and disclosure standards.
• Shanxi Coking Coal Group: One of China's largest coking coal producers headquartered in Shanxi province. Closest direct competitor given the focus on metallurgical/coking coal for the steel industry.
• China Shenhua Energy: Largest coal producer in China and a major producer of thermal and coking coal. Direct competitor in Chinese coal markets with overlapping customer base of power generators and steel mills.
• Yankuang Energy: Major Chinese coal miner producing thermal and coking coal. Comparable in terms of HK/A-share listing structure and Chinese coal mining operations.
• Yanzhou Coal Mining (Yancoal Australia): One of the largest coal producers in China and Australia, with material coking coal exposure. Comparable business model with both domestic Chinese and international operations.

Regional players

• Banpu Public Company: Thai-listed energy company with significant coal mining operations in Indonesia, China and Australia. Comparable integrated coal producer serving Asian steel and power markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/shougang-fushan-resources-group-ltd-fu7-

Revenue estimate

Valuation estimate

Number of profiles

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 Shougang Fushan Resources Group