Hong Kong's Shougang Fushan H1 revenue surges on higher selling prices

Shougang Fushan Resources

27/08/2026 13:56

Overview
Hong Kong coking coal miner's H1 revenue rose 54% yr/yr on higher prices and sales volume
Net profit attributable to owners up 46% yr/yr for the period
Company declared interim dividend of HK10 cents per share, up from HK6 cents last year

Outlook
Company did not provide specific financial guidance for future quarters or full-year results in the press release 

Result Drivers
HIGHER SELLING PRICES - Co said average realised selling prices of self-produced clean coking coal rose 16% yr/yr, driving revenue growth
INCREASED SALES VOLUME - Co reported sales volume of self-produced clean coking coal up 26% yr/yr, supporting higher revenue
EXPANDED TRADING BUSINESS - Co expanded trading business, including materials and equipment, which contributed to revenue growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$3.24 bln
 
H1 Net Income Attributable
 
HK$589 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for Shougang Fushan Resources Group Ltd is HK$3.40, about 20.6% above its August 27 closing price of HK$2.82
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 25 - Hong Kong's E-Commodities H1 net income soars amid coking coal price recovery
Aug 24 - Chinese coal miner Kinetic Development's half-year profit jumps on higher prices
Aug 27 - China's Aowei Holding H1 revenue rises, helped by iron ore prices, volumes

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/e3e29311-2596-4338-8d47-56cdb691917a.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)