A Chinese coal miner that extracts a resource that depletes as it is taken, converts some into electricity, and sells both to industries built around burning coal.
- Depends onUpstream position: supplies 6 industries, depends on 3
- ScaleLevered free cash flow is $1.92B, higher than 95% of all stocks globally
- PositionCurrent ratio is 0.23×, lower than 95% of its Thermal Coal peers (median 0.94×)
- Interpretations1 currently firing — 1
What this company is and how it runs — written from structure, not news.
This system coordinates three linked activities: taking coal out of the ground, converting part of it into electricity, and moving both the raw fuel and the power downstream to industries that burn coal for energy or use it in metal production. It sits nearer the upstream end of that chain, feeding more industries than it draws inputs from.
Money comes from two linked sources: selling the coal it mines directly, and selling the electricity generated by converting part of that coal into power. Both draw on the same underlying resource base, and how revenue splits between the two is not identified in what CompanyGraph holds for this company.
This is one of a large group of companies CompanyGraph sees running the same kind of extractive production system, so operating this way is common rather than distinctive on its own. Over the multi-year financial history CompanyGraph holds for it, the company has not recorded a loss year. For a business built on a depleting resource, growing further generally means replacing what has been extracted, not just running existing operations faster, though CompanyGraph cannot see this company's specific reserves or expansion plans.
In CompanyGraph's map of this industry, the company sits nearer the upstream end of its chain, drawing on inputs from fewer industries than it supplies outputs to. Which specific industries, companies, or inputs it depends on is not identified for this company individually.
More industries rely on what this company supplies than it relies on for its own inputs, an upstream-leaning position in CompanyGraph's map of this industry. Which specific companies or customers depend on it, and how concentrated that reliance is, is not identified for this company individually.
CompanyGraph places this company among a large group of firms that run the same kind of production system under the same resource-depleting economics, which describes a common operating shape rather than a distinctive one. Sharing this operating shape with many other companies is not the same as moving together with them or being interchangeable with them: it reflects a shared way of operating that CompanyGraph detects, not a price relationship or a ranking against them. What would stop competitors from copying its specific position is not something CompanyGraph can see from what is on file.
CompanyGraph's industry classification describes businesses of this kind as limited by their ability to replace the resource they extract at a cost below what it sells for, a category that runs into trouble if reserves run out or extraction costs rise above sale value. This is a general pattern CompanyGraph applies to the industry as a whole; whether and how it holds for this company specifically has not been measured here.
Businesses built around extracting a resource that runs out generally face outside pressure from the cost and availability of replacing what they take out of the ground; CompanyGraph has not measured whether or how that applies to this company specifically. CompanyGraph's general reading of the company also points to pressure from energy and environmental standards that apply to coal operations, without identifying a specific regulation, proceeding, or trade exposure tied to this company.
Read from figures CompanyGraph recomputed from this company's statements and from its structural position. Written September 2026. A question with no evidence behind it is left out rather than answered.
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Sign inThe reported statements, read against the company's own industry.
1 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow is this stock valued?
Close Below 40W SMA With Profitability
The price sits below its 40-week average, on three profitable years and cash above profit.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.